Successful Forex Traders Stories, by Forex Forum.
View attachment 555
There is a trader who thinks if his forex portfolio consistently grows in 1 year then he has been successful no matter what happens with his account in the future.
Other traders assume that successful traders mean "trading for living" alias can support themselves fully only from the profits of forex trading without working with an institution or running another business.
Here are some successful forex traders stories, we hope these stories will be helpful for newbies. Moreover, You can join a forex forum for learn more about forex trading and forex market.
1. George
George is regarded as a legend for his iconic feat of securing a profit of more than £1 billion from his short position which refers to the practice of buying low and selling high to make a profit on the change in that particular assets price.
On top of that, George was able to do all this before the famous Black Wednesday of September 1992 when the pound sterling currency fell to a dangerously low value.
Soros was sharp enough to read the situation and take decisions on his investments accordingly. His decision to go short earned him a handsome profit and recorded his name in forex history.
2. Sandile Shezi
Sandile Shezi is a Forex trader with a very controversial success story. The story is not unique but it is definitely worth mentioning. We have seen some people talking about their successes in Forex or any other industry, saying that they have put all their money in it – all of their income, retirement money or the money that was supposed to fund their studies. This is exactly what has happened to the Sandile Shezi, as he put the tuition money in the Foreign exchange market.
Sandile Shezi, who is now one of the richest Forex traders in South Africa, as well as among the best traders in South Africa, was living in a ghetto and was attending the local school. One day, he was given the tuition money for the whole year and it was then when he took a massive risk and put all of his money in the Forex trading. After the investment, he was able to make a good profit that eventually put him in the list of the best forex traders in South Africa. Currently, 26-years-old Sandile owns Global Forex Institute where he teaches young entrepreneurs about Forex trading, how to understand the tools and markets, how to create powerful trading strategies and how to become successful traders.
3. Pravin Khetan
Being one of the most successful traders in India, Pravin has a lot of recommendations to share. Ten years of experience has led him to teaching future traders, investors, and analysts the ways of achieving profitable trading objectives.
Talking about the areas of expertise, Pravin focuses on trading and investing theories (forex market trading, stock market trading, commodity market trading, recommendations on fundamental analysis, technical analysis, and risk management techniques) applying best practices. You can find more helpful information on his social media pages.
4. Edward Arthur Seykota
At the tender age of 5, Edward marked his first milestone – a first–hand experience in trading! As a child of immigrants who transferred residence to the USA from the Netherlands, Edward traded with his neighbor. He traded off jewelry — medallion to possess five magnifying lenses that he could use in his hobbies.
From then on, Edward felt a yearning for trading. Who would have thought that eventually, he would be dubbed as the father of the trading system? It was in the 1970s when he began to trade. He experienced an extreme fascination with innovative ideas like machines making money, automation using mechanical tools, and technical analysis.
He, later on, came up with automated algorithms that will be maximized in trading. Then he started to utilize computer programs for trade exchanges. His labor and ingenuity reaped good fruits as his profit was impossible to believe. The profit seemed to be over 250 000% from 1972 up to 1988 – all because of the help of his robot.
5. Michael Marcus
Michael Marcus is one best and most successful forex traders in the world. He is one of the best ECN brokers who possesses a great review in forex broker reviews. He is the founding member of the famous Commodities Corporation Company and considered one of the richest forex traders of the world right now.
In his peak time, he once earned $300 million from the German market. He learned all the ins and outs of the forex market from the famous Ed Seykota and then he went far ahead from his mentor.
6. Bill Lipschutz
Among the most famous Forex traders is Bill Lipschutz. He first obtained a BA in architecture, where he placed his first fictitious orders on the stock exchange following investment courses.
By the end of the Forex trading course, he had turned $100,000 into $29 million. Subsequently, he inherited $12,000, which he swelled to $250,000 in four years. But only to lose it all soon after due to too much leverage.
Lipschutz worked at Salomon Brothers for eight years, where he founded the Foreign Exchange department.
He was the best and most important currency trader there, generating 300 million dollars in one year.
7. George Van Der Riet
The success story of George Van Der Riet is an absolute opposite of the one we talked about above. He did not just get adventurous and put all he had into the Forex exchange market, but instead steadily learned about it before making his first investments. George was born and raised in Cape Town, later when it was time to further his studies he moved to Manchester where he was studying Finances. During those years that he spent in the United Kingdom, he was working in financial institutes such as banks and the Forex industry. This experience helped George Riet a lot to become professional in the forex industry. Once he decided that he knew enough and was ready to start investments by himself, he started his own journey to become one of the most successful forex traders in South Africa.
Forex Success Stories Lesson to Newbie Traders
All these real-life Forex trading success stories may seem totally out of the box to you. And indeed, they are.
Behind all of these Forex success stories lies consistency and passion for the job. This is how these famous Forex traders excelled.
As you could see, you don't have to emerge from socially privileged circles to succeed. The Forex market is extremely volatile and often breaks those who are weak, overly emotional, and impatient. So, if you learn more and more then, you will also be successful trader in forex market.
You can learn more about forex trading at
forum.forex
Forex forum for beginners and professional currency market traders. Discuss and share forex trading tactics, currency pairs, tips and forex market data. Analyze forex brokers, leverage and fx signals providers
Thank You
