Top 5 Forex traders of all time

Discussion in 'General Forex Discussion' started by Evestin Forex, May 25, 2016.

  1. Evestin Forex

    Evestin Forex Trader

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    No matter how experienced you are in the world of Forex, you are in it to make the most out of your investments, and what better way to do this than to follow in the footsteps of the trading superstars. There are a number of Forex mavens who are willing to share their wise advice, and while we encourage you to learn from any established trader, some stand a good head and shoulders above the rest. Here, we give you a glimpse into the lives and successes of the top 5 Forex traders of all time.

    GEORGE SOROS
    George Soros was born into the Hungarian Jewish Schwarz family, and in 1936, his father dropped the Jewish surname as a means of protection from the Nazis in Europe. He changed it to Soros, meaning 'successor' or 'will soar' and this became Soros' life philosophy. This business magnate is one of the world's 30 richest people, and is known as 'The man who broke the Bank of England'. This is because in the UK's 1992 Black Wednesday currency crisis where the Treasury lost over £3 billion, his sharp wits and business acumen led him to make $1 billion in profit. However, success was certainly not handed to him on a plate. In 1947, Soros gained admission into the London School of Economics, and to support himself, he worked as a waiter and a railway porter. After graduating, He continued in similar roles while his passion for finances motivated him to apply for jobs at every merchant bank in England. Finally, he was offered an entry level post at Singer & Friedlander, where he worked alongside a colleague with associations in New York. Soros moved there to work as a trader for FM Mayer. This opened up the floodgates for him to gain experience and create his own investment funds. As well as sealing his reputation as one of the top traders of all time, Soros is well-known for his philanthropy and his co-authoring of numerous books in which he shares his knowledge and experience as a businessman and trader.

    STANLEY DRUCKENMILLER
    Stanley Druckenmiller started his financial career at Pittsburgh National Bank, during which time he founded his own firm, Duquesne Capital Management. He later went on to become the Lead Portfolio Manager of George Soros' Quantum Fund. Druckenmiller left that position after 12 years in order to concentrate fully on Duquesne, which gave an average annual return of 30% with no money losing years. In 2010, Duquesne was closed, because despite containing more than $12 billion worth of assets, Druckenmiller felt that the return on investments was too low. Along with other financial achievements and capabilities, an expert trading style, which he learnt from Soros, has certainly paid off for this now retired hedge fund manager. Druckenmiller is currently estimated as being worth $4.4 billion, which has allowed him to become one of America's most generous individuals, and he has a reputation for donating to medical research, education and anti-poverty movements.

    BILL LIPSCHUTZ
    A multi-talented New Yorker, Bill Lipschutz gained a BA in Fine Arts at Cornell as well as an MBA in Finance. Lipschutz became a hobby investor when he was a student. He would spend his free time researching stocks and shares, and in his early days of trading, built up an impressive portfolio of $250,000. One wrong decision and a change in the market meant that he lost his money, although the resilient Lipschutz turned the scenario to his advantage by using it as a learning experience. His investment skills were recognised at a Salomon Brothers training programme, where Lipschutz was asked to join their new foreign exchange department. It was at this time that forex trading took off, and Lipschutz started earning $300 million a year for the Salomon Brothers, making him one of the top 5 Forex traders of all time. Lipschutz founded Hathersage Capital Management in 1995 and he stresses that his financial success, which continues to this day, is very much due to an emphasis on risk management and an awareness that Forex is a 24-hour platform that does not stop while we sleep.

    BRUCE KOVNER
    Bruce Kovner is yet another extraordinary New Yorker, as well remembered for his basketball and piano playing skills as for his business capabilities. After studying at Harvard where he worked on a number of political campaigns, Kovner became a cab driver. It was during this time that he discovered commodities trading, which set the stage for a lifetime of financial achievement. Kovner's first trade in 1977 was a risky one in soybean futures contracts. The $3,000 that he borrowed using his MasterCard paid off as the contract value increased to $40,000. He sold the contracts only after the price had dropped to $23,000 and to this day, he says that that harrowing experience taught him about risk management. Kovner went on to become a trader at Commodities Corporation, and then founded and chaired the diversified trading company Caxton Associates, LP. At the start of 2012, Kovner founded CAM Capital as the platform on which to manage his investment, trading and business activities. As well as chairing this organisation, he sits on the Boards of Synta Pharmaceuticals and various arts committees such as the Metropolitan Opera. His trading experience gives him a net worth of $5.3 billion.

    ANDY KRIEGER
    Andy Krieger has always displayed a flare and passion for finance and entrepreneurship. After doing his undergraduate degree at Pennsylvania University's Wharton Business School, he worked as a currency trader at Bankers Trust, where he had his lucky break. In 1987 at the age of 32, while most investors were panicking over the Black Monday crash, Krieger kept a cool head and turned the situation to his advantage. While all the world's currencies had suffered, Krieger noted that the New Zealand Dollar, also known as the Kiwi, was in a stronger position. He took up a short position against the Kiwi that was worth hundreds of millions of dollars, so that his sell orders exceeded New Zealand's actual money supply at the time. Krieger made $300 million in revenue from this transaction, much to the concern of the New Zealand government who tried to persuade his bosses to make him stop. He left Bankers Trust soon after to work for George Soros and then Northbridge Capital Management. He is another great philanthropist who has donated over $350,000 to support the Indonesian tsunami victims.

    As well as making your investments increase, markets will always experience crashes, and what the top 5 Forex traders of all time have in common is a will and a determination to turn even the worst situations into cold, hard cash. Where others panic, they calmly analyse, and when others give up hope, they jump on emerging opportunities. They also take risk management very seriously and when their precautions as well as their risk taking pay off, they share their income with those in need. While they have made mistakes in their time, these men prove that all situations and experiences ultimately lead to great successes, which makes them an inspiration to those of us inside the world of forex trading.

    About the author:
    Ivo Lux, Pro trader, blogger, automated trading expert, founder of [URL deleted]Evestin Forex - Automated trading strategies for Forex market
    Source: http://www.evestinforex.com/blog/2016/5/22/top-5-forex-traders-of-all-time
     
    Last edited by a moderator: May 25, 2016
    37riched likes this.
  2. radex78

    radex78 Active Trader

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    Thankyou for information, I don't see name of warrent buffet in the list, might he is investor and not trader, but I am so familiar with name george soros because many media on few years ago writen story because making several country in crisis
     
  3. Evestin Forex

    Evestin Forex Trader

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    This collection is about Forex traders, Warren Buffett is a longer term investor (not that this is bad thing), he easy outperforms all the top 5 forex traders put together :) Just shows that good things comes to those who wait :)
     
  4. garena

    garena Active Trader

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    GEORGE SOROS is always my idol. He is really best trader of all time.
     
  5. radex78

    radex78 Active Trader

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    I am ever reading about George soros, but some opinion giving negative opinion about this trader which making many country in crisis because their currency weaken to us dollar, included in my country
     
    Mauk likes this.
  6. Enivid

    Enivid Administrator Staff Member

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    Blaming someone for their own faults is a popular way to get rid of responsibility in politics.
     
    Ulacan likes this.
  7. radex78

    radex78 Active Trader

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    Maybe but I don't know why they blaming these guys, but indeed sometime blaming others is one way to cover such thing that happened
     
  8. inggo

    inggo Master Trader

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    good read, very interesting, these people though i would say trading is a bit more complicated now a days, yet they paved the way for us retail traders to do what we do, I might not earn millions nor tens of thousands in my current hotforex account, but forex trading is a life style im willing to embrace for a very lone time :)
     
  9. jellyeb

    jellyeb Active Trader

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    What about forex traders? As I see its about equity traders, what about those smarties who made $$$ on EUR/USD swings or on other similar instruments ?
     
  10. radex78

    radex78 Active Trader

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    I think actually all trader want to embrace forex for long time and might forever, will get happiness if already have good ability to manage money and increasing profit day by day, get small profit but if always gradually consistent it's good axhievement I think
     
  11. Ary Barroso

    Ary Barroso Active Trader

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    Yes, they are the successful personality; and I always try to learn from them by their speech & quotes.
     
  12. Ulacan

    Ulacan Trader

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    On this one, I agree with you Mr. Enivid, 100% People, especially leaders, always seek whom to blame for their failures and misfortunes in order to avoid responsibilities. I really admire these great traders of all times and I want to trade like them in future. It would be nice for traders to read my name on threads like this. lol
     
  13. 37riched

    37riched Trader

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    Great thread here. I keep on reading about George Soros and his trade expertise. I hope to be like him in future when I also become fit to be called an expert. lol. I guess the difference between them and trading failures is that they know which strategies work best and they have discipline in trading. I mean, who can make it that big without a trading plan?
     
  14. Ary Barroso

    Ary Barroso Active Trader

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    On the other hand; they don’t blame the market & always wait for the good opportunities.
     
  15. Mauk

    Mauk Trader

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    I think that George Soros are doing it not for earning or for something to trade, but more like to manipulate the money systems in the whole world and that's basically it. No matter how you put it that way. Please be sure about that, I know it from my life experience;)
     
  16. Ary Barroso

    Ary Barroso Active Trader

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    No doubt; he is such a legend!! But what is about your life experience? Can you please explain??
     

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