There is no certain fit approach to becoming a successful forex trader. However, there are some common characteristics that top traders share.
In this article, we will take a look at some of the most successful forex traders and what sets them apart from the rest. These investment professionals have defied the odds, delivering consistent results over many years. They are highly respected and have had a significant impact on the industry as a whole. You are going to get to know the names of female forex traders as well as with men.
So let’s not waste the time and start our acquaintance with them.
1. George Soros
George Soros was born in 1930. Being a young man, he started working at a bunch of different financial companies. In 1973, he started his own company, Soros Fund Management. That company became very successful and made a lot of money, bringing fame to Soros with time. But the peak of fame he got in 1992, for trading against the Bank of England and making a lot of money. The day of trade is called “Black Wednesday”. By 2021, Soros was one of the 300 richest people in the world.
2. Tracy Britt Cool
Tracy Britt Cool is a Harvard University graduate who now serves as the CEO of the Pampered Chef company. During her student years, this woman founded an organization that provides personal finance education to undergrad women. In 2009 she joined Berkshire Hathaway as the Financial Assistant to the Chairman.
3. Kristin Bentz
Kristin Bentz is a well-known consumer brand analyst, known for her ability to identify trends and invest in them. She has appeared on many different media outlets, discussing everything from current events to investing advice. Kristin now works as an Executive Director of PMG Venture Group, a private equity firm.
4. Stanley Druckenmiller
Stanley Druckenmiller is a successful hedge fund manager who has achieved great success over the years. He started his career as a management trainee at a bank and quickly rose through the ranks to become one of the most successful money managers in history. Druckenmiller is particularly well-known for his work with George Soros, during which time they made huge profits on some very famous trades. However, he retired from hedge fund management in 2008 due to stress and fatigue.
5. Bill Lipschutz
Bill Lipschutz is a forex trader who has made and lost large sums of money throughout his career. He started trading while he was attending Cornell University in the 1970s, turning $12,000 into $250,000. However, he later lost this entire stake in a single bad trade. In 1981 Lipschutz began working for Salomon Brothers when forex markets were growing rapidly in popularity and Lipschutz found immediate success as a trader. By 1984 he had become Principal Trader for Salomon’s massive forex account and held this position until 1990 when he left to start Hathersage Capital Management.
The article introduced you to 5 successful forex traders, but there are more names for sure. To wrap it up, always learn from the best in order to stand near them with time – read about them, and check their strategies, habits, and characteristics to understand how they came to this point. For a headstart see the best gold trading platform.
Good luck with all your beginnings.