profits, and how theyre enjoying their winnings. After more than three decades in commodity trading, Hite formed his own Hite Capital Management firm, focusing on proprietary trading and the funding of continued research and development in the field of systems trading. This was actually during the Black Wednesday crisis in the. He is also the author. Lipschutz also stresses the need to manage risk, saying that your trading size should be chosen to avoid being forced out of your position if your timing is inexact. Outside of trading, Lawrence Hite has also been active in philanthropic activities, creating his own charitable enterprise called Hite Foundation.
You will more than likely recognise some of the names in this list, with high flyers like Ray Dalio and George Soros featuring prominently.
With most forex systems promoted online claiming to be the key in getting rich quick, easyMarkets decided to roundup the real folks whove actually made it big in the forex market.
Heres a list of the ten wealthiest forex traders in the world, how theyve scored their profits, and how theyre enjoying their winnings.
Top Three Most Successful.
Forex Traders, ever Reading time: 12 minutes Whether you are completely new to trading Forex, or a seasoned trader on the currency markets, you are likely to share one key aspiration: becoming successful in the.
Forex traders in the world have in common and how those strengths helped them to make huge profits. This was played out in his famous sterling short, where the devaluation of the pound only occurred when enough speculators believed the Bank of England could no longer defend its currency. From these examples, its apparent that theres no shortcut to achieving success in the forex industry, as the skills and fortitude that these renowned traders have amassed through their years of experience have contributed to the large gains that made their careers. In the weeks leading up to Black Wednesday, Soros used his Quantum Fund to build a large position short of sterling. George Soros, more popularly known as the Man Who Broke forex t shirts the Bank of England for his large pound short position during the 1992 Black Wednesday. Leading up to his trade, the market had shown no appetite for sterling strength. He is also the owner of several champion horses, raking several major racing wins such as the Meadowlands Cup, Coronation Stakes, Prix de Diane, Prix Vermeille, and Prix Vanteux. This was due to the flood of selling in the market from other speculators following Soros' lead. An expert on technical analysis and market psychology, Elder wrote a book employing his Three Ms theory (Mind, Method and Management). We hoped you enjoyed reading this post and if you have any comments please feel free to leave them in the comments box below.