We always hear success stories. You know, that kind of stories that always make us say – hey, why can’t that be me? And that is the kind of information that we need at the moment as there is absolutely nothing good happening in the markets. Short-term recoveries are always followed by horrific losses and we are always on the verge of losing all of our trading trust.
So, from time to time it is good for us to hear and listen to a forex success story that caught the attention of the world.
So, here are top three most successful forex traders in the world in 2018.
Bill Lipschutz
Bill Lipschutz is a forex trader and the co-founder and Director of Portfolio Management at Hathersage Capital Management. He first made a name for himself by making millions of dollars in the 1980s by earning despite having no experience in the currency market before that. Among professional traders he has a nickname – Sultan of Currencies. And I bet you have to do a lot to earn that nickname.
His main strategy is not always being right, as most of us are fighting for. His strategy is how to be right only 20-30 percent at all times and still be a winner. Well, I would say that he certainly found the way, as since the 1980 he is still one of the most successful traders of the world.
Stanley Druckenmiller
Supporting the strategy of Lipschutz, Stanley Druckenmiller has made a name for himself by successfully supporting his own fund, that is estimated in billions and billions of dollars. After all his own net worth is estimated to be $2 billion. Those are the numbers which only successful businessmen can boast about. I mean… not even the former President of the United states Barack Obama and his wife have that kind of money. Combined.
Stanley Druckenmiller has made a name for himself by accumulating the assets and the aggressively going for every win he could possibly get his hands on. All about his strategy you can read the book ‘The New Market Wizard’. And I think that is the book for every one of us to read – after all advice from one of the most successful traders in history is priceless.
George Soros
There could be no one else on the first spot. The most successful trader of all times, George Soros made a name for himself for shorting his position on pound sterling and the Black Wednesday, 16 September, 1992.
Technicalities of the process have become something of a legend on the trading circles. Let’s just say that that one occasion and that one day has brought Soros trading fame we can only dare to dream about.
His main point of view – I am only rich, because I know where I am wrong. A quote, so famous that it has become a sort of a legend in the trading circles. And that is the strategy we all need to adapt to. We need to understand where we are wrong and to see what we can fix. Also we need to learn to accept the losses and the wins as George Soros clearly knows how to do.
Ever since 1992 Soros remains the most successful trader in the world. that is the kind if success we all need.