5 Most Famous Forex Traders Forever
There are only a few of the most famous forex traders in the world, of course you can learn the story and experience in this forex world. Most currency traders avoid the limelight and quietly build profits, but only a select few traders skyrocket into stars. They are known as players who break the barrier, giving extraordinary results through a long career. They are people who have influence and have an effect in the industry.
These successful people offer a way for novice forex traders and also traders who are in the search process to get the best results. For example, they dare to take risks through careful calculations. Some of them are friendly while others like to show their success. But they are all the most successful traders with unwavering self-confidence. Here are the 5 most famous fores traders:
The Most Famous Forex Trader
The man who was born in 1930 began his financial career in Singer and Friedlander, London in 1954 after fleeing from Hungary. Before founding Soros Fund Management in 1970, Soros had worked in various financial firms. During the last 5 decades the Soros-owned firm has managed to generate profits of more than USD $ 40 billion.
Its international popularity increased in 1992 as a trader who broke the Bank of England with a net profit of $ 1 billion after short-term sales of $ 10 billion in GBP.This requires that Britain must withdraw the currency from the European Currency Exchange Mechanism after failing to maintain trade demand and this event is called Black Wednesday. Soros is currently in the ranks of the 30 richest people in the world.
Druckenmiller from a middle-class family on the outskirts of Philadelphia began his financial career in 1977 as a management trainee at Bank Pittsburgh. Four years later he was successful and was able to build his company, Duquesne Capital Management. This man managed to manage money for George Soros for several years. He also worked with Soros at the British Central Bank trade which made his name even more famous. In 2010, after the 2008 economic crisis, Druckenmiller finally closed his financial company and said he was tired of constantly maintaining his track record of success.
Andrew Krieger joined the Banker Trust in 1986 after leaving his position at the Solomon Brothers. He quickly earned a reputation as a successful trader and the company rewarded him with an increase in the capital limit of up to $ 700 million where the standard capital limit actually stood at only $ 50 million. This gave him a perfect position in gaining profit on 19 October 1987 known as Black Monday.
Krieger focused on the New Zealand dollar by applying an unusual leverage of 400: 1 to a very high trading limit. Because of this he managed to earn a net profit of $ 300 million for the company that sheltered him. In the following year he left the company with $ 3 million in his pocket for the trade.
Lipschutz started trading while studying at Cornell University in the late 1970s. The initial experiment made him lose his entire money so that he was aware of risk management. In 1982 he began working for the Solomon Brothers. He gained rapid success by earning $ 300 million a year for the company in 1985. He became principal trader for forex accounting firms until 1990. Then he moved to Hathersage Capital Management with the position of portfolio management director since 1995.
The man who was born in Brooklyn, New York in 1945 has just started trading at the age of 32 years. He borrowed his personal credit card to buy a soybean future contract and generated a net profit of $ 20,000. Then he joined the Commodity Corporation as a trader, generating billions of profits and a solid reputation.
He founded Caxton Alternative Management in 1982 which turned out to be one of the most successful financial companies in the world with assets of more than $ 14 billion. He has become the biggest player in forex until he retired in 2011 ago.
That’s an inch of the story of the most famous forex trader, you can now be motivated to increase income in the forex world with more enthusiasm.