I want to share with you the most successful traders stories.
You will be amazed how much your trading improve when you start practicing one, two, or all of these rules.
Many beginner traders come into trading because of the profitability, forgetting that trading is a volatile type of market that involves high risk. Without making due consultations, proper education and practice, they dive in. Some have been lucky while others have not. Either way, it comes with a price.
To successfully trade the markets, there is a need to learn and follow successful trading rules and methods used by the best traders in the game, traders who have mastered the best trading rules and market timing.
Like the saying goes, “to be the best, you have to learn from the best”.
Mind you, these traders are not magicians. They simply grew in experience to the point where their gains far outweigh losses. But they do make losses sometimes like any trader does.
The 9 Most Successful Traders Stories :
Stock traders and forex traders, like any other exchange market trader, are risk takers because of the volatility of the market.
All the money you have made can flash before your eyes in split seconds and they are gone.
Some of the most successful traders to learn from are:
Jesse Livermore: his name was synonymous with colossal gains and losses. He made $million in 1929 and by 1934 he had lost all of it. One good example that confirms the huge risk involved in stock trading.
George Soros: is one of the history’s most successful stock trader. He gained the nickname “the man who broke the bank of England” when he made $1 billion profit from selling $10 billion worth of pounds. He is the chairman of Soros Fund Management.
Richard Dennis: is a successful commodity trader based in Chicago. He made an estimated $200 million over a period of ten years from market speculating.
Paul Tudor Jones: became famous after during the market crash of 1987 for making a whopping $100 million from shorting stocks. He is the founder of Tudor Investment Corporation.
William Delbert Gann: developer of technical indicators like Gann Angels and the Square of 9 he was a trader who used market forecasting techniques based on astrology, geometry, and mathematics.
Bill Lipschutz: he turned $12000 investment in the stock market to $25000 in a few months but lost all of it. He then moved to forex where he has made over $300 million.
John R. Taylor, Jr: he started as a political analyst for a chemical bank before becoming their forex analyst. He is the owner of FX Concepts, which is a currency managing firm.
Stanley Druckenmiller: his remarkable story started as an oil analyst for the Pittsburgh National Bank. He was a part of a deal while working at George Soros that raked in $1 billion.
Andrew Krieger: he sold kiwi, a New Zealand currency at a price that was more than the total currency supply. He got revenue of $300 million from the deal.
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