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Famous forex people

famous forex people

#4 - Bill Lipschutz. Best Forex Brokers · Forex trading is arguably one of the easiest financial markets to begin trading in. · urame.xyz is a subsidiary of StoneX . Can Forex Trading make you a millionaire? · 10 Best Forex Traders to follow Globally · George Soros · Joe Lewis · George Van Der Riet · Paul Tudor. HOW MUCH IS A SHARE OF STOCK AT IMPOSSIBLE FOODS Will be sent. All need to load IPLvalue may reversible you easily download. Sign up or. For example, you last forever, though; and share knowledge. But it does from a source I think I.

This incredible trade is a highlight of his career and cemented his title of one of the top traders of all time. In , Soros was one of the wealthiest individuals in the world. Stanley Druckenmiller grew up in a middle-class suburban Philadelphia family and began his financial career in as a management trainee at The Pittsburgh National Bank. He quickly rose to success and formed his company, Duquesne Capital Management, three years later.

Druckenmiller then successfully managed money for George Soros for several years in his role as the chief strategist for the Quantum Fund between late to Druckenmiller also worked with Soros on the notorious Bank of England trade, which launched his rise to stardom. His fame intensified when he was featured in the best-selling book, The New Market Wizards , published in After surviving the economic collapse , he closed his hedge fund , admitting he was worn down by the constant need to maintain his successful track record.

This bankroll put him in a perfect position to profit from the Oct. Krieger focused on the New Zealand dollar NZD , which he believed was vulnerable to short selling as part of a worldwide panic in financial assets. He greatly leveraged his exposure by using foreign currency options combined with his already high trading limit, acquiring a short position that may have rivaled the New Zealand money supply. Bill Lipschutz started trading while attending Cornell University in the late s.

He subsequently joined Commodities Corporation as a trader, booking millions in profits and gaining a solid industry reputation. From Soros to Kovner, the common theme among this list of famous forex traders is that they have profited mightily from their thoughtful trades, which coupled with self-confidence and an incredible appetite for risk, has cemented them among the best and richest investors in history.

George Soros. Robert Slater. McGraw-Hill, The Guardian. Jack D. HarperBusiness, The New York Times. Andrew J. Times Books, Robert Carbaugh. Cengage Learning, Andrew Krieger. Bruce Kovner. Warren Buffett. Business Leaders. Your Money. Personal Finance. Your Practice. Popular Courses. Or were you more focused on the number of pips and the percentage of your account at risk? The convenience of Forex position size calculators has made it so that we never have to consider the dollar amount being risked.

This convenience has caused a huge oversight. In it, I talk about the need to think in terms of money risked vs. This is because pips and percentages carry no emotional value. So when you define your risk on a trade as a percentage only, it triggers the logical side of your brain and leaves the emotional side searching for more.

The best Forex traders know this. Such a statement would contradict my own experience. What I am saying is that no successful Forex trader needs a win today to pay the electric bill tomorrow. No trader can sustain that kind of pressure and become consistently profitable.

That type of environment will only foster destructive emotions such as fear and greed. Embrace the challenge and focus on the journey to becoming a successful Forex trader and the money will follow. All successful Forex traders know when to walk away and take a break. Those who are truly passionate about trading Forex know how hard it can be sometimes to walk away from the market.

Walking away can be especially difficult following a trade. This is because our emotions are running high and often get the best of us. It feels like things are finally starting to click. Walking away at this time can be tough. The natural tendency after a winning trade is to continue trading.

Taking a break after a win will allow your emotions to settle. So the next time you have a winning trade, pat yourself on the back and then walk away. I would immediately start going through all my charts looking for a new setup with the intent of recovering what I just lost. Instead of seeing a loss as a reason to hop back in the market, take it as a signal to look at what you could have done differently.

Top Forex traders know this and have learned how to control these emotions. The very first step in controlling your emotions involves walking away for a bit. Not all brokers offer New York close charts, but you can go here to get access to the same style charts I use. This is when I do the bulk of my analysis anyway since I trade the daily time frame, so it makes sense to take a breather until then.

They do it because it sells. Successful Forex traders know this. The only way you can fail at becoming a successful Forex trader is if you give up. This sounds obvious, but it amazes me how often I see perseverance and grit left off the list of reasons why a certain trader became successful. That brings us back to the first section of this post where I mentioned passion.

You must have a burning desire to want to succeed as a trader. Not because you want more money, but because you love trading. Sure, there are various tips that can help you, but those who have achieved consistent profits are not untouchable. Embrace the journey, because there is no finish line. Even those who have achieved consistent profits have more to learn.

I think the better question is: can you become consistently profitable trading Forex? The answer is a resounding, yes! The key is to focus on the process and forget about trying to strike it rich. Focus on the process, stay disciplined, and the profits will follow. For instance, is a billionaire who works 16 hour days and is generally unhappy more successful than someone who makes six figures a year but only works 6 hours a day and loves what they do?

The second individual is more successful in my opinion. Did any of the traits above come as a surprise to you? Can you think of an attribute of successful Forex traders I left out? Save my name, email, and website in this browser for the next time I comment. Thank you very much Justin this is great staff picked up a lot in the easiest way possible thanks to this article!!! Dr Bennett Sir I call you Dr because whenever I read your article something get cured and I become more healthier trader.

Your teaching are life changing and bank account changing. I love you man. God bless you. Wow, thanks for the kind words. And from my perspective, comments like yours keep me going as running a website this large is no easy task. Being a beginner at anything means you have a steep learning curve ahead of you. Trading is certainly no exception.

Instead, hone in on one thing at a time. Become a master at identifying key levels. Then study pin bars until you know them inside and out. Trying to learn too much at one time is a recipe for disaster. I just want to say a big thank you to you Justin. I am making amends and soon will share my story. God bless bro.

You making an impact in the way I trade. Keep the good work. Thanks for the valuable summary. The only good thing I dare to say great of the 9 is never give up. Getting the other 8 slowly but surely. Now, the more I trade the more I like myself because I am honest to face myself. Hey Justin, can you recommend trading books to read! Also, thanks for the Market Wizard recommendation!

Thanks a lot justin for your insight and posts. Paper trading, utilizing very small lots, a big desire to learn from your mistakes and sticking to the same strategy and improving on its execution and management skills are key ingredients of success. Coach what about the desire for more informative material not just irrelevant information that is up on google and other sites in the internet?

I learned trading Forex at Online Trading Academy. Do you have any opinion about them and their method? Thank you! Thank you Mr Bennett, I always love your posts and set up because no matter how experience you are, you will surely lean and gained from the post.

Thanks Justin for sharing your thoughts and daily setups…. Thank you Justin, I read the article and I see many things reflected from the experience I have had in these three years operating, I follow it a year ago and my way of thinking and operating has taken a total turn and most importantly productive. Thank you illustrious for your valuable advice and teachings. Translated by Google. Very good write-ups. I am glad I had overcome some of the attributes that you mentioned.

My perseverance, passion and determination have assisted me a lot. The process and procedures to trade correctly have somehow made me a better trader. No longer I feel pain, frustration and revenge when I lose in a trade. I had already learned what you given, that is, structured your thoughts of dollar value one can forgo as a loss thus there is no pain but seen as an expense into the business.

Thank you for sharing such a wonder article. I have been reading your posts for sometime now, learned a lot to be able to decide whether I would start my trading career now that I am retired from work. Thanks for the insights and looking forward to more understanding of trading the forex market!

Very informative and helpful guide that any one venturing into trading must know beforehand. Thank you Justin. I have been following you for quite sometime. Since March I have engaged in going through all the free post and weekly setups. The information you put out is authentic and very helpful always gain so much in every post. On the other hand getting ready to join the community which I am happy to know I will be able beginning of October to complete the journey.

Thank you so much Justin. Your articles really rekindles hope in us. All that is left for me is the discipline to practice these great tips from your blog. God bless you real good. Good, this is an encouraging wake up message, well educative, now I have hope of becoming a successful Forex trader. What left is to work towards it which I will try my best. Thank you for the good job. Dear Justin thank you so much for this wonderful piece of writing, i have learned so much from it.

The fifth one came as surprise to me, i too used to think of risk in terms of percentage not the dollars, i will be sure to subscribe to this new mindset. My favorite trait is the eighth one i am very positive that my trading will improve. Much love from Windhoek-Namibia. Dear Justin, Sometime, l marvel at your wealth of experience.

I really enjoy reading your writeups. I am still in forex trading because of my passion. I pray l get the required skill sets to start profiting. Simplicity is the key to success in Forex trading but the quantum of information available to traders confuses them. I think this is deliberate. It is my wish you continue to make understanding forex simple to most of us determined to take it as a profession. Thank you for sharing with us what you know and are helping you to be successful.

Best Regards. From my experience as a forex trader , my most successful trades come from maximizing the opportunity of volatile news. I place stop orders on both sides of the market. Not always , but usually it results in a win. I check the charts and decide what is the stop entry order , what is take profit and what is stop loss with trailing stop. There is risk that entry will be delayed as well as stop loss because the market is moving so quickly.

But just as the market may move past the stop loss , it sometimes moves past take profit. The simple trick to win in forex is 1: Think differently then all the other companions. Its just a game they are playing with ur emotions and mind. Learn this game.

So simple and effective guide. Bit it needs a lot of practice to bring these attributes in your trading habit. Wonderful article — really insightful. Totally agree that not focusing on winners or losses is key to success. Changed the game for me. And sometimes doing your homework and research can be beneficial in your decision making. I would like to share my experience and answers if you have questions.

Thank you for your words Justin, you inspire me. I need your help. I just joined your telegram page. If you really want to take your trading to the next level, the membership site is where you need to be. Hello Guys, Y. We are the Pioneers and specialized in offering Niche Products to the Masses. Get the best billing machine at the best price directly from manufacturers, suppliers, and exporters.

I am bookmarking this site I need to frequently remind myself these nine important facts! Thank you very much, Justin! Helpful article! Before starting currency trading. Among other things that matter are stock market prices and the economic calendar. To me I take this opportunity to say thank u for portion u gave to me in my learning process and trading journey. This is the best thing i have ever read about trading thanks alot Justin for sharing such a mindblowing article i need to read more from you.

Good Post!! Nice Article! Thanks For sharing your valuable information with us. Trading is all about practicing and taking notes of all the past strategies and bids to put things right every other time. This is the first time am commenting on a blogpost,and do u know why,cause this is the best writeup av read so far..

Every trader can learn how to trade forex from your article. Have a nice journey. It is a good way to increase your wealth if you have the right skills and knowledge about the industry as a whole. If you fail to become an expert in trading before investing large sums of money in it, you may be leading yourself towards financial ruin. Fantastic article, Justin. I have been trading for over two years. I went back to my demo account, something I should have done for much longer before venturing to a real account, and now working on it — trading psychology.

Such a well written article, this can really serve as a roadmap of topics to further study and become proficient in. Learning any craft takes years of hard work and dedication and trading is no different a shame scams make people believe otherwise. This site is bookmarked for me! My regards to him. Birman law or most of these recovery companies cant be of help.

Everyday is a day of new decisions. Contact us on email: [email protected]. Too many enter forex trading thinking it is a get-quick-rich opportunity. Thank you so much… I was losing money, but i wont call it losing money.. But it was a good investment….

Today I am a better trader.. I discovered that I do have passion for trading. Its true when you say without passion why do it….. Thank you. This reading was very fulfilling, I started a couple weeks ago and I have so so sooo much to learn, with that said, your honest words and insight have give me the encourage and motivation that I needed!

The simple truth about binary options which many of us do not know is the fact that it is mainly based on predictions. Without proper knowledge of what next can happen to the stock market, you are sure to lose your funds. That is why it is important to be tutored or mentored by a professional trader in binary options. Feel free to contact him on: [email protected]. Good Information!!

Thanks for sharing a piece of stuff here. This article helps us to enhance the knowledge about forex trading. I have never seen a broker company this unprofessional! I started trading with them on the 10th of July I decided to try out some of their tools on the demo ac. I made no profits so I decided to withdraw but they declined severally till I filed a charge back through: [email protected]. I sincerely hope something can be done to improve these faulty areas.

Thanks for the insight. I read your content. Very nice. Your content is very informative. The content you are writing about forex traders is very important. To know more about forex trading visit my website that works like yours. I think Forex trading is more dangerous these days than previous years due to the increase in the size of the leverage. Hi Justin, Really good post with the trading inspiration guide. Trading is one of the therapeutic elements in life where traders feel great about their lives when profits earned are in good numbers.

However, the assistance of a financial broker is pivotal here. It is brokers that provide opportunities, accounts and platforms for trading and allow the market player to live a dream of investment. Your article helped me to know more about the forex market and forex trading. I will wait for more write-ups from you.

Yes it is possible to retrieve your stolen bitcoins. I never believed in bitcoin recovery because I was made to understand that it is not possible. I read an article on here reddit as regards to a recovery expert and genius so I reached out to Mr. Adam Wilson, and to my surprise I got all bitcoins recovered within 42hours frame. Do not invest here. They are very quick to collect your money, but when it comes time to withdraw it, they stop answering your calls and emails and then eventually disappear.

Luckily, at first I got frustrated until i came across ThisContacte. With their help, I managed to get my money back. For those who need help recovering their funds, I highly recommend them. I was a victim of WDC Markets investment scam some months ago myself. It was a sad experience for me. However chargebacksecured dot com helped me get my money back the right way. Very interesting post on successful forex traders.

Awesome and step by step explanation. I really appreciate the way you have written and explained. Thanks for sharing. Great post, was really informative, thanks!. I think that being patient is one of the most important thing for any trader. Great Blog!! I have gone through your blog and I appreciate that you have explained each and everything in very efficient manner and that too very accurately.

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If you really looked at the similarities of all these men then you would notice that the majority of them had some motivation other than making money to trade. It was this motivation that allowed them to stay disciplined and objective and to make the aggressive trading positions that no one else would have. They were passionate about what they did.

They found it interesting and they worked on trading the right way. If we could learn a few things from them, it would the following:. A disciplined trader essentially leads to a confident trader, the one who knows what he wants and he is going to get it. The top 10 richest forex traders in the world were all surprisingly skilled at organizing and disciplining their trading goals and techniques. The mindset is indeed crucial and a trader in ideal circumstances should manage to develop the patience, ditch the impulsiveness and maintain the healthy attitude and commitment towards the goal.

A disciplined trader will grow to learn how to react to both profit and loss while trading, minimizing the risk of hasty and thoughtless decisions. Instead of worrying over the past failures, disciplined traders put extra effort in analyzing and assessing their performance to see where did they go wrong and often succeeded in improving them. Have a predetermined risk management strategy Forex and trading in general always come with hard-to-calculate risk levels, which most of the time overwhelm both experienced and beginner traders.

Knowing your point of return, so knowing when to walk away from the deal serves as the biggest defense against the major losses. All of the forex millionaires had their risk management strategy well developed, so that whenever they hit the risk limit they knew it was time to pull out. Be passionate about trading To love whatever you are doing means that you put your best effort in accomplishing the prime outcomes in relation to it.

One thing that richest forex traders in the worldhave in common is the passion towards trading and the passion is almost unconditional. No matter if you are profiting or losing at the given moment, your passion should be keeping you committed to your goals in the trading.

It also helps you to set the healthy mindset, clears your fears and avoids you getting sidetracked. Forex trading is unpredictable and quite mind-boggling from time to time and it will test your nerves. Being passionate about trading will gradually make a responsible trader out of you. Not to be afraid to get aggressive when needed Quite often, people mistake the risk management strategy for remaining passive and overly laid-back in their trading decisions.

While it might be true that with such attitude you are least likely to experience massive losses, you also leave yourself a very little chance of generating sizable profits. Looking at the top traders in the world, we can learn that all of them got rich by going aggressive at least once on their starting points in trading career.

However, aggressive trading does not mean that you gamble with your finances and trust your luck to come out as a winner, the risk you are taking must be well examined, all of the dangers acknowledged and there should be a good chance of your predictions turning out to be true. Be flexible and know when to take your losses The bottom line to all the advice given above is to stay flexible and know when to take your losses.

You should not overly limit yourself, you should not go crazy aggressive at any point of your trading experience, you should not spend days and weeks on deciding whether to invest in something or not and you should not embrace your losses over and over again. Learn more about the experiences of the biggest forex traders,see how they managed to stay passionate, stable, disciplined and aggressive from time to time and decide if their mindset could be applied to you, as well.

If we can learn these things properly, then we may just be one step closer to following their remarkable successes. Getting started in Forex trading is something that a lot of people always imagine to be scary, complicated, and expensive.

The reality is, however, none of this is really true, unless, you truly wish them to be. Entering the Forex industry as a trader can be arranged in a lot of different ways, including starting with no financial resources at all or with very little of them. The best way to get introduced to the market for newbies is to create a demo account, which will allow you to test the real experience with no risk of losing your money. However, if you are already familiar with the trading or you are ready to start right away, one of the best forex tradingplatforms — Forex.

We will go through a step-by-step guide on how to open up a real trading account on forex. Transparent price history, tight spreads, fast executions on over 90 currency pairs. It has been quite some time that the answer to the question of who is the best forex trader in the worldis George Soros. The man, who is frequently mentioned as the "man who broke the Bank of England" has been the best man in Forex trading history for at least two decades now and is unmatched in his strategies, mindset, and success even nowadays.

He began as a Jewish boy of a poor background, surviving extreme hardships in his youth due to Anti-Semite prosecution prevailing in those times, entering the London School of Economics, and starting a career as a trader specializing in European stocks. Even though his career was full of success stories even before the s, his triumph came in Despite the fact that was a tough year for many traders and Forex enthusiasts, Soros managed to pull out a historical bet and became a solid millionaire in a single night.

He acknowledged the currency crisis dominating in the UK at that stage and bet an immense amount against British Pound GBP earning him a profit of a million that night. That was the exact same event that earned him his title of the man who broke the Bank of England and made him a respectable trader among the elite society of traders, as well as, the role model for many.

George Soros is on the top of the list of the richest forex traders both currently and historically, with a net worth of 8. A runner-up in the marathon of the best and richest traders in Forex history is Bill Lipschutz. The story of Bill Lipschutz is highly motivational for the people planning to take up with Forex trading and he is also known to be quite a good instructor, leaving behind him hundreds of strategies and advice on how to succeed in trading in Forex. The net worth of the best Forex trader out there - George Soros, is estimated to be around 8.

However, George Soros would be dominating the list with over 25 billion, if he did not donate the majority of his funds to charitable causes. The second man in the list of the best forex traders in the world is Bill Lipschutz with an estimated net worth of 8. Many of the famous Forex traders who are billionaires nowadays began trading with much little than you would have expected.

Bill Lipschutz was still studying at the college, however, his passion for Forex trading was immense and he never doubted his goals on penetrating the Forex market. Even more notable FX traders have started by working as low-income traders, gradually picking up on the experience, bringing immense profits to the companies that they worked with, and finally become successful individual traders themselves.

To start trading, surprisingly, any amount is enough. Fortunately, nowadays many of the leading brokers are offering services that allow the users to start trading with no deposit and deposit bonuses. No deposit bonus means that the user does not need to invest any of his or her personal financial funds, but rather a broker is crediting the money to your trading account.

Whenever the client generates profits using the no deposit bonus to trade, the profits generated can be withdrawn any time, if few trading conditions are met. Usually, the brokers will allow withdrawal of profits if the minimum amount of trades have been made.

The deposit bonus, on the other hand, requires a user to deposit the minimum amount to his or her real trading account and the additional money will be added to the account as a deposit bonus. Frequently, the deposit bonuses will be given as a proportional percentage amount of the initial deposit made. So, anyone can start off with little financial resources and pave their way towards top 10 forex traders.

Stay up to date with the financial markets everywhere you go. Start trading now. Home - Useful guides to master financial trading education quickly - Top three most successful Forex traders ever. Top three most successful Forex traders ever When most people think of success, they think of the wealthy.

Trade Forex with Forex. Who is the best Forex trader of all time? What is the net worth of top Forex traders? How did top Forex traders start trading? Comments 0 comment s Comments are closed. Get the most recent news at your inbox Stay up to date with the financial markets everywhere you go. Get next at your mailbox. Register Read review. Try Forex. Com Trade with a US-friendly Forex broker on advanced platforms for free.

What Went Wrong for Elon Musk. Purchasing the right futures contracts resulted in earning multiple six figures. Considering the fact that he was driving a taxi for pocket money, before becoming top forex trader and a billionaire, supports the idea that everyone is capable of having their dreams fulfilled.

It is just a matter of time and pure dedication to the work to make things happen. Having the right mindset along with a successful Forex trader lifestyle can influence the possible outcome that you are trying to achieve. Stanley Druckenmiller is a perfect example of how growing up in a suburban area of the country can not make a difference when the trader has a proven strategy to work with.

He had been in charge of managing money for George Soros, which made the greatest impact on his financial career. Transparent pricing, reliable, fast executions and tight spreads on over 90 pairs. Born in Great Britan, and having the obligation of paying taxes made Joe leave the country in the early period of his life and made it impossible to trade with the UK FX Brokers for him.

Joe Lewis is among the best Forex traders to follow, due to his persistence during the early period of his life, deep knowledge of the Forex niche, sizeable forex net worth , and his position as an investor in leading real estate, restaurant, and resort businesses. Childhood dreams started to turn into reality when Michael connected with Ed Seykota back in the late 20s. He managed to take in all kinds of information on how Ed managed to build one of the most successful software companies, orienting onto the trading market.

Having the proper mentorship helped Marcus surpass one of the top Forex traders in the world. Sometimes knowledge is the only thing that truly matters for having a successful career and joining the ranks of the best forex traders in the world. The United Kingdom-based trader, the founder of the Intex Exchange, Urs deserves to be mentioned as the most successful Forex trader.

The FX community itself may not refer him to the best one, but the kind of knowledge and the ways of dealing with issues he encountered is what defines a successful financial career. Having a few years of experience in the corporate world was the main reason why he had managed to earn the first million dollars on the Foreign Exchange Market without owning any large capital. Still, there are no sources, indicating how Urs makes this amount of money, but one thing is sure — Running multiple companies without facing any financial issues definitely is not easy and requires a certain type of patience and education.

While working as an order runner for the Chicago Mercantile Exchange, he managed to learn the basics of trading and later expanded his knowledge. Considering the fact that he has also managed to unite people interested in trading for the purpose of achieving a certain financial goal. Making the list of successful Forex traders is not an easy thing to do. However, the ones who want to step into the world of trading should have enough courage and proper financial education to reach the desired results.

Considering the costly mistakes along the journey will also help you accelerate your career growth, leading to you living your dream life. You will need proper guidance and hours of practice to get to the level where you want to be. Take some time to take in proper financial education. Without knowing the specific terms and strategies, it will be close to impossible to find success.

Undoubtfully, people with some sort of financial background can easily take you over, no matter what career path you will choose. Some people root for the business school, while others think that going through the macroeconomic courses will be enough to enter the Forex market. You might have already heard the statement that having the official education is kind of obligatory. We do recommend having certified documents in order to prove others wrong and start your journey towards becoming a successful FX trader.

The success stories of these people are a monument to the fact, that anyone can make it in Forex trading and earn himself a badge of the best forex trader. There are many ways to find the right strategy for you, be it through years of research, studies and mentorships, high-risk stakes or cold-calculated moves.

These stories can inspire every one of us to get down and start our own journey into the exciting world of Forex, full of opportunities. And while passion for trading is certainly an important part of success, it is only half the equation, and you need to conduct good research and find strategies well suited to you. It is not a secret that the most significant resource required for entering the trading world is money.

Similarly, it is one of the most valuable assets owned by a person and no one is willing to throw it away without a purpose or a precise plan. However, there is a way to start your journey risk-free to learn and understand what trading is all about. Our advice would be to start out with a reliable Forex broker that would offer either a no deposit bonus or a demo account. A demo account is a perfect solution allowing beginner traders to try out the platform without touching the actual money, therefore avoiding the risk of losing your funds due to inexperience.

One of the best forex trading platforms in the market today is Forex. The procedure for setting up a demo account is relatively easy. Let us explain how to register for a demo account on Forex. The Richest Forex trader in the world is George Soros dominating with 8. George Soros, or the man who broke the Bank of England as many mention him in this manner, earned his title of the supposedly greatest money handler and the best forex trader in the world after pulling off the 1 billion pound sterling profit before Black Wednesday, on September 16th of Since then, Soros is dominating the list of the richest traders in the forex industry.

It is not surprising that George Soros can be found on the front pages of the most notable business magazines and due to many other reasons, as well. Paul Tudor Jones is considered to be a notable authority when it comes to forex trading and he sure knows how to figure out the best trading strategies in the worst times on the market. Being the third wealthiest forex trader, John Paulson found the best strategy in the dark times of the financial crisis and earned billions of profits through forex trading.

Controversially, his now-revealed secret was — not trusting the same strategy all the time. He was well aware of the unpredictability of the forex market and somehow almost always managed to use it for his own advantage. John Paulson is often teaching the public about the specifics of the trading market and is never hiding what his approaches and thoughts are. So you can definitely learn a lot from the undoubtedly well-deserved third-place holder in the forex trading history!

George Soros is regarded as the highest-paid forex trader. Bear in mind that the earnings via forex trading significantly depend on several factors. First of all, there might be a huge difference between the earnings of an Employed Forex Trader and of an Independent Forex Trader trading from home.

It is very difficult to draw a single amount of the range of how much an independent forex trader is earning early, however, there is statistical data available to look at. The salary of an employed forex trader obviously depends on the organization and of course, on the performance of the specific trader. To compare, the two websites Indeed and Payscale demonstrate the different base salary amounts for the US forex traders.

As for the independent forex traders, many factors are contributing to determining the income generated through the trading. Of course, increasing the starting capital would result in much higher profits, and surely monthly returns cannot always be predicted accurately. The return depends on several determinants, such as your strategy — whether you are a long-term or short-term trader, your portfolio, and the number of trades that you make, and finally the capability to exam the forex market and draw more or less accurate conclusions.

With Forex being the largest global market worth more than 5 trillion USD the opportunities are immense and one cannot imagine the extents to which your earnings could reach. The smallest amount recorded to generate the incredible amounts of profit was a starting capital of 1, USD invested by Richard Dennis. His story is indeed one of the most inspirational among the stories of the best forex trader successes.

When he was only 17 years old, he borrowed some money to enter the trading. The sources describe that he was living quite a poor life in the south of Chicago and was earning very little as a runner on the trading floor. However, the money that he actually borrowed made him a millionaire in just 10 years. Richard never actually stopped and continued to dedicate himself to studying the market, risking a little and operating his mind as best as he could.

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