If you want to be the best, you must learn from the best. The same goes for the Forex market. Here are the 5 most successful traders in the foreign exchange market that you should know about.
Born in New York, Bill has always excelled in mathematics and was a bright student overall. He earned a B.A. in Cornell College in Fine Arts and then a Masters degree in Finance back in 1982. Apart from academics, Bill enjoyed reading whatever he could find regarding the stock and Forex market. It is said that during his stay at Cornell, he invested $12000 in stocks, which he turned into $250,000 in only a couple of months, largely thanks to his extensive knowledge of the stock market business. However, he soon lost all his money to stocks due to the erratic nature of the business; after this loss he shifted to a more stable form of trading: the forex.
Today, Bill is a well known forex trader in the financial sector. He is known to have made over $300 million in a single year from trading on the forex market alone.
A graduate of the LSE (London School of Economics), George has broken records in the financial sector. He made $1 billion dollars in just one day from a single transaction. This gained him a lot of press and he was branded as the man who broke the Bank of England, having shifted over $10 billion dollars worth of sterling out of Britain. He has written many books on investing, and is also a philanthropist, having donated over $7 billion in charity of personal savings over the course of his existence.
A graduate of Princeton University, John started in the financial sector as a political analyst for Chemical Bank. Just one year into the job, he became the forex analyst for the bank which proved a wonderful opportunity for him to build a network in the foreign exchange world.
John is the proud owner of FX concepts, a currency managing firm, and operates it successfully to this day. He is also considered a pioneer of computer-aided forex trading systems, developing forex models for effective online trading.
Stanley started out as an oil analyst for the Pittsburgh National Bank. Having graduated from Bowdoin College, Stanley changed many jobs. First, he left PNB to create Duquesne Capital Management in the year 1981, and then he started to work for George Soros in 1988. Working with George Soros proved excellent for Stanley, because not only did he garner over 30% return in the Quantum Fund, he also contributed to the deal which earned both him and Soros over $1 billion; this was the deal which broke the Bank of England.
He returned to Duquesne in 2000 and now works full-time there; he has also started a non-profit organization dedicated to educating people of all ages.
A graduate of the prestigious Wharton Business School at the University of Pennsylvania, Andrew grew to fame when he sold New Zealand currency called Kiwi in between the value of $600 million to about $1 billion which exceeded the money supply in circulation in actuality within New Zealand at that time. Andrew ended up garnering $300 million in revenue from this transaction alone in 1987 while working at the Bankers Trust.
Andrew moved on to work for Soros Management Fund in 1988, later switching to Northbridge Capital Management. He is also involved in philanthropic work, having donated over $350,000 for a relief fund for the 2004 tsunami victims.