Finance loves silence. Therefore, most truly successful Forex traders avoid popularity. However, some of them have achieved truly worldwide fame, having received truly outstanding results from operations in the financial markets during their careers. They had a significant impact on the development of the Forex market, and also became a reference point for experienced and novice traders around the world, a kind of legends of the Forex market.
An important component of their success is an unshakable sense of confidence in their actions on the path to financial success.Top 10 Forex Traders in the World
- George Soros is uniquely ranked among the top 10 Forex traders in history. He is perhaps the most widely known financial magnate in Russia. J. Soros was born in 1930 in Hungary. After graduating from the London School of Economics, Soros wanted to work at a bank. And in 1953 he was able to get a job in the Singer and Friedlander company. He began his career as a financier in 1956 in New York, trading in securities and conducting international arbitration trading. But in 1963, US President John F. Kennedy introduced an additional levy on foreign investment, and Soros's business was effectively destroyed. In 1967, while working for Arnhold and S. Bleichroeder, he succeeded in establishing several offshore investment funds, which he headed. In 1969, Soros became the manager of the Double Eagle fund, on the basis of which his own investment fund was created in 1973. In 1979 this fund was named Quantum. In 1980, the fortune of George Soros was estimated at $ 100 million. But in the 1980s, the Soros Foundation was not very successful. Soros gained world fame in 1992, when he actually brought down the pound sterling, earning more than $ 1.1 billion in one day on September 16. The profit of Soros companies over the past 50 years is estimated at $ 40 billion.
- Stanley Druckenmiller is an asset manager for Duquesne Capital. He became famous while working in the Soros Fund Quantum, when with his help Soros managed to earn more than $ 1.1 billion from the fall of the British pound sterling in one day. He started his career in finance as a stock trading analyst at the Pittsburgh National Bank. Before joining the Soros fund in 1988, he also served as a fund manager for the Dreyfus Corporation. In 2000 he returned to the management of Duquesne Capital. The personal fortune is estimated at more than $ 2 billion.
- Andrew Krieger. Trader Banker's Trust. In 1987, during Black Monday on October 19, he made a series of risky deals with the New Zealand dollar. By selling the New Zealand dollar for almost $ 1 billion, which actually exceeded his circulation at the time, Andrew was able to earn about $ 300 million for his employer. In 1988, after receiving a $ 3 million severance pay, he joined Soros's team. He later moved to Northbridge Capital Management.
- Bill Lipschutz. He started his career as a trader while studying at Cornell University in the late 1970s. He was able to increase his capital from $ 12,000 to $ 250,000 in a few months, but then went bankrupt with a risky investment. This lesson taught him risk management. In 1982 he joined Solomon Brothers. In a growing division of the Forex market, he was able to earn $ 300 million in 1985 by becoming the chief Forex trader at Solomon Brothers.
- Bruce Kovner. In 1977, he started buying soybean futures, earning $ 20,000. Then he joined Commodities Corporation as a commodities trader, where he earned millions of dollars and a reputation as a successful trader. In 1982 he founded the hedge fund Caxton Alternative Management, which managed up to $ 14 billion. Until 2011, when he retired, he remained one of the most significant players in the Forex market.
- James Rogers. Another associate of Soros, with whom he founded an investment fund in 1973. Rogers worked at the Soros Foundation until 1980, when he left Quantum. With his direct participation, over 7 years, the value of the fund's securities portfolio increased by 4,200% to $ 300 million. After leaving Quantum, Rogers focused on managing his personal portfolio of securities. He also did not leave his analytical work, having published a number of books with recommendations for trading in the financial markets.
- John Arnold. He started as a trader at Enron, where he earned $ 1 billion for her in 2001. In late 2001, Enron filed for bankruptcy due to exposed accounting fraud. Nevertheless, John managed to get his $ 8 million bonus. And in 2002, he founded the hedge fund Centaurus Advisors, which specialized in commodity trading. Starting with $ 8 million, he was able to increase his company's capital to $ 3 billion. In 2012, he left the post of the head of the company.
- Martin Schwartz. Worked as a financial analyst at E.F. Hutton while serving in the United States Marine Corps. Upon returning from the army, he got a job as a financial consultant at Kuhn Loeb, where he was able to save $ 20,000. The first experience of trading on the stock exchange was unsuccessful, and Martin quickly lost his savings. Since the beginning of 1980, he began an independent trading career, having bought a place on the American Stock Exchange. Despite the small start-up capital of 70 thousand dollars, trading futures, options and stocks, in the first year of work, he was able to earn 600 thousand dollars, and in the second year - 1.2 million dollars. He was dubbed "the genius of day trading." In 1984, he won the Stanford University American Trade Championship, earning more than the rest of the competitors combined. In 1985 he founded his own management company. Working more than 12 hours a day, Martin undermined his health and retired. However, he continues to do business from time to time from his Florida home.
- Larry Hight. One of the founders of systemic trading. He founded Mint Investments in 1981. By 1990, it had become the largest company in terms of assets under management in the commodities sector. In the same year, the company began to actively apply the principles of systemic trading in the debt market. The main question Larry asked investors was: "How much are you willing to lose?" In this, he significantly differed from other traders who could show high profits, but also high losses. Mint Guaranteed Fund has long held a leading position among other 76 public funds. The volume of assets under the management of Mint Limited Fund in 1986 grew by 20%, which was a pretty good result. The main principles of Larry Hight's trading were diversification, that is, risk reduction, and the introduction of technology in the analysis of market data, which reduced the role of the human factor. He also defined the behavior of people in the market as a definite constant, and traded goods as a variable. These principles allowed Larry not only to predict the futures market, but also to successfully get rid of commodity assets just before they began to lose significantly in value. He also advocated assessing the volatility of an instrument over 10-100 days to make an informed investment decision. In 1994, he stepped down as Managing Director of Mint. Since 2000, Larry has concentrated on developing systems trading techniques, founding Hite Capital Management. He chose investment in technology companies as his main investment. In 2010, he partnered with International Standard Asset Management to create an agile strategy platform for hedge funds.
- Jack Schwager. Author of numerous books on financial markets, including Market Wizards, Getting Started with Technical Analysis. In 1971, he started working as an investment analyst at Reynolds Securities, then continued his analytical work in various companies for 22 years. In the course of his analytical work, he found that the key to smart trading is a deep understanding of human psychology. He also concluded that the results of systematic trading significantly outperformed the results of spontaneous trades in response to a rise or fall in the market. He noted that the key to successful trading is discipline and risk control, as well as the use of methodologies that are consonant with the trader's personality, his intuitive approaches to trading. His books have become iconic for traders.
In addition to the top 10 forex traders listed above, there are a significant number of examples of other successful traders. However, these 10 have become real legends of Forex, laying the foundations for trading in the market.