{"id":53393,"date":"2014-06-27T07:29:59","date_gmt":"2014-06-27T11:29:59","guid":{"rendered":"http:\/\/countingpips.com\/?p=53393"},"modified":"2014-06-27T07:29:59","modified_gmt":"2014-06-27T11:29:59","slug":"the-richest-forex-traders-in-the-world","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/06\/the-richest-forex-traders-in-the-world\/","title":{"rendered":"The Richest Forex Traders in the World"},"content":{"rendered":"
June 27, 2014<\/div>
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Although much of the buzz you can find all too easily littering the internet today asserts that \u2018you can make millions in a week\u2019 or some equally unlikely sum, there are successful traders that have made millions. We have gathered a list of the richest forex traders from around the world to give you some genuine inspiration.<\/p>\n

If you want to know how to make millions or even billions, look at how these guys did it\u2026 They may have made millions or billions in a single day, but the first million or the first billion wasn\u2019t. It took these people decades to make their fortunes.<\/p>\n

Martin Schwartz<\/strong><\/p>\n

Martin Schwartz is admired by traders all over the world. Born in 1945 Schwartz made his fortune trading stocks, options and futures. Schwartz turned a nest egg of $100,000 earned as a financial analyst into $600,000 in his first year of trading, making $1.2 million in the following year. His natural propensity for day trading led to his book \u201cPitt Bull: Lessons from Wall Street\u2019s Champion Day Trader\u201d<\/p>\n

Some highlights of Mr Schwartz\u2019s professional career include making $70,000 per day and in one day he netted several million $\u2019s!<\/p>\n

Stanley Druckenmiller<\/strong><\/p>

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Born in 1953 in Pittsburgh, Pennsylvania into a middleclass family Druckenmiller went on to make his 3.5 billion dollar fortune without the need for hereditary wealth.<\/p>\n

Former president and chairman of Duquesne Capital, at the time that Druckenmiller left, the company had $12 billion in assets. Highly renowned within the stock market he made his wealth through the effective use of a \u201ctop down\u201d trading strategy.<\/p>\n

George Soros<\/strong><\/p>\n

Infamously and to widespread scorn Soros purportedly gambled $10 billion on a single currency speculation in the early 90\u2019s, which came through, making a staggering 1 billion dollars in a single day! This earned him the notorious reputation \u201cthe man who broke the bank of England\u201d. This was actually during the Black Wednesday crisis in the UK.<\/p>\n

In stark contrast to his impact on Black Wednesday Soros\u2019 progressive liberal views also led him to donate $8 billion to human rights, public health and education causes between 1979 and 2011.<\/p>\n

Alexander Elder<\/strong><\/p>\n

Author and professional trader Elder was born in the Soviet Union, growing up in Estonia and later moving to New York, he stands as one of the richest traders in the world. An expert on technical analysis and market psychology, Elder wrote a book employing his Three M\u2019s theory (Mind, Method and Management). Referred to as the trading bible for the millennium, his book “Come into my trading room\u201d is a bestseller. Shifting focus from technical analysis to the overall management of a trader’s money, time, and strategy, Elder has contributed heavily to the world of trading with his literature and technical skills.<\/p>\n

Larry Hite<\/strong><\/p>\n

Mr Hite founded the largest commodity trading company in the world with regards to the volume of assets under management\u2026 And he achieved this feat within the first 9 years after co-founding the company \u201cMin Investments\u201d. In fact, another member of this list, Jack Schwager, dedicated a chapter in his book to Larry\u2019s risk management philosophy. Larry also contributed massively to a number of financial publications throughout his career and developed a number of products and financial engineering innovations adding to his long history of accolades.<\/p>\n

Regarded by many as one of the founders of contemporary stock exchange trade, after three full decades of unrivalled success he chose to focus his attentions on his family office. In addition to his huge success and lifelong passion for all forms of trading, Larry also participated in a large number of philanthropic organisations and charity work.<\/p>\n

Jack D. Schwager<\/strong><\/p>\n

Mr Schwager is presently the co-portfolio manager for the ADM Investor Services Diversified Strategies Fund; but is also, like several people on this list, a well-known author having published several books on trading such as Market Wizard in which he mentioned Larry Hite.<\/p>\n

In fact Jack has written 10 books on Hedge funds, commodities, technical analysis, futures and trading in his long and successful career.<\/p>\n

Being both a mathematician and an economist with decades of experience, Schwager talks at conferences, seminars and has lectured on a range of analytical topics.<\/p>\n

We hoped you enjoyed reading this post and if you have any comments please feel free to leave them in the comments box below.<\/p>\n

About the Author<\/strong><\/em><\/p>\n

Article provided by cmcmarkets.com.sg<\/a><\/strong><\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

Although much of the buzz you can find all too easily littering the internet today asserts that \u2018you can make millions in a week\u2019 or some equally unlikely sum, there are successful traders that have made millions. We have gathered a list of the richest forex traders from around the world to give you some […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-53393","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/53393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=53393"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/53393\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=53393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=53393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=53393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}