Who are the Richest Forex Traders? – 2021 Update.
WHO ARE THE RICHEST FOREX TRADERS IN THE WORLD?.
Who are the Richest Forex Traders? – 2021 Update.
Most successful forex traders in the world (UPDATED 2021)
Most Successful Forex Traders IN THE WORLD
You will never believe the amount of money that the successful forex traders in the world have amassed over some long term investments and risky trades. On our list, today, the Most Successful forex Traders IN THE WORLD are by far the luckiest and smartest men and women in the world. I hope you enjoy the video!
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Forex trading isn’t an easy career that anyone can pursue. It requires patience, skills, dedication, and commitment. And that’s why only a select few can succeed in it. Today we’ve gathered a list of five of the most successful traders in the world that were able to overcome obstacles and succeed in what they do.
Number 5. Jim Simons.
One of the most successful traders of all time, Jim Simons is in fifth place on our list. During his teen years, Simons worked as a stock boy but was demoted to a floor sweeper position due to his lack of memory. His ambitious dream of becoming a mathematician became true in 1964; he was able to not only graduate from MIT but also complete his doctorate in mathematics at the age of 23. He taught mathematics at MIT and it wasn’t until 1978 that he became interested in trading. He founded his own hedge funds, Renaissance Technologies, where he used his mathematical skills to execute trades. It’s estimated that his personal earnings were in the billions each year until his retirement in 2010.
Number 4. John D Arnold.
With a net worth of $3.3 billion, John D Arnold is in third place on our list. He was born in 1974 in Texas, and after he graduated from Vanderbilt University, he was hired by Enron as an oil analyst. Getting promoted to assistant trader enabled him to move to the Natural Gas Desk and to use their internet-based trading network to start energy trading. He became extremely successful and made almost a billion dollars for the company the same year it went bankrupt. Arnold was rewarded with an $8 million bonus for saving the company. He launched his own hedge fund after Enron’s scandal in 2002, and he continued to earn millions of dollars until his retirement in 2012 that shocked the trading world.
Number 3. David Tepper.
Coming up next in fourth place is David Tepper, a billionaire businessman and owner of the American football team the Carolina Panthers. He attended and graduated from Carnegie Mellon University’s school of business--to which he later donated the sum of $67 million and changed its name to Tepper School of Business to honor him. His start in the trading world was a bit unfortunate; his first-ever two investments were in companies that went bankrupt.
Tepper worked as a financial analyst at Goldman Sachs, and within the first six months working there, he was promoted to head trader. It was thanks to him that the company survived during the 1987 market crash. The company passed him over to a partner of the company but Tepper decided to quit after two years working there. He started his own fund, Appaloosa Management, in 1993. He took many risky investments that eventually paid off.
Tepper’s success never halted and in 2009, he was considered the top-earning hedge fund manager by the New York Times With a net worth of $13 billion, Tepper is ranked as the 101st billionaire in the world by Forbes.
Number 2. Larry R Williams.
In second place on our topmost successful traders in the world, we have Larry R. Williams, who is one of the most respected Forex traders of all time. His trading journey began in 1965 after graduating from the University of Oregon with a degree in journalism. After getting recognized for his innovative views on the currency market, Williams created his own trading tool that he named “The Williams %R Momentum Indicator”. He also created numerous market indicators that he later became well known for. In 1987, he managed to turn $10,000 into $1,100,000 by trading commodities in the span of 12 months. Combining his trading knowledge with his journalism skills, he wrote and published many books where he explains his experiences about Forex trading and how he was able to succeed.
Number 1 George Soros.
At number one we have the Hungarian billionaire philanthropist and one of the most successful traders in the world’ George Soros. Born in Hungaria to a Jewish family during the Nazi occupation, Soros didn’t have an easy life. His family had to fake and conceal their identity to protect themselves from the Nazis. In 1947, he traveled to London where he started school and worked off part-time jobs to support himself financially.
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