Some of the Best Forex Traders worth Following

Some of the best forex traders worth following

Most of the traders today believe in instant profit more precisely massive instant profit. But there are the ones who believed in dedication, patience and hard work. When the whole market was running in the rat race, they remained silent and eventually moved the entire financial industry with their talent. Thus, they created a long-lasting impact on the mind of many traders. Here we have presented the list of top 3 successful forex traders.

Bruce Kovner

The first in the list of best forex traders is Bruce Kovner, born in the year 1945 in New York. He is not among the ones who started trading in their early twenties. He executed his first trade at the age of 32. The first attempt on purchase of soybean futures earned him the profit of $20,000. As his interest rose in the financial market, he started investing in hedge funds.

His trading style is regarded as brave and smart by many analysts, and his Forex Trading strategies never betrayed him while trading. Bruce is a founder of Caxton Associates (started this in the year 1982). It is counted in the top 1 successful hedge fund across the world. The total income of the firm is around $14 billion, and the estimated fortune of Kovner is around $4.5 billion. He retired from financial trading in the year 2011.

Bill Lipschutz

Bill Lipschutz is regarded as the full-time forex trader in America. Many traders also know him as a top trader who makes more than 300 million dollars per year from the forex market.

He completed B.A. in fine arts from Cornell College along with this he also completed a master degree in finance. He was always keen about the forex market and stock market. He started trading along with his college and was able to turn the investment of $12,000 into $250,000. This investment made him one of the best forex traders.

Just because of one wrong trading decision, he faced a huge problem. It was the turning moment in his life. After this incident, he laid more emphasis on risk management strategies and carried these techniques forward in his trading career. Bill is a director and co-founder of Portfolio management in firm Hathersage Capital Management.

George Soros

Last but obviously not least, on the list of best forex traders is George Soros. He was born in 1930 and started his training journey in London. He was 24 when he made his first trade. He completed his graduation from London School of Economics and on completion became the legend of the industry. His most successful trade made around $1 billion profit that too in a single trading day.

George wrote many books on finance and investment. Along with trading he actively works in non-profit organisations. He donated around $7 billion for many organisations. He also laid the foundation of Soros Fund Management in the year 1970, which generated approximately $40 billion profit in the last few decades.

Soros' name is registered in one of the thirty wealthiest people across the world. Besides, he is also regarded as "the king of forex trading". He is the biggest inspiration in the forex market, which is followed by thousands of individuals.

The Bottom Line

Hopefully, the article boosted your confidence and inspired you to go ahead with your plan as a trader. It is the best idea to start your journey with the demo or virtual balance account. It does not require any real money or trading account to pursue trading. It is the gateway through which you can practice trading before jumping into the real trading market.

If you are searching for the broker which provides demo account services, then you can go with HFTrading. It is a leading financial service provider regulated by the Australian Securities and Exchange Commission. Along with a demo account, it also offers three retail accounts (gold, silver and platinum), professional account and Islamic trading account.

I am a Digital Marketer and blogger of the stock market, trading online and also providing tips to trade. Now you can get all the tips and tricks.