Top Rank Trader In Finance World

Top-ranking traders who made it on their own

You should set goals for the New Year, make plans and recharge your inspiration during this time. Success stories are of course among the most inspiring stock or forex trading. There is no such thing as impossible in the Forex world. We present 5 impressive case studies of famous traders, each from a very different background, but with a common trait - success.

The trading systems of Edward Arthur Seykota

When this person was 5 years old, he made his first trade! He traded a gold medallion for five magnifying lenses with his neighbor, who was an immigrant from the Netherlands to the USA.

The trading system was invented by Seykota. Since he began trading in the 1970s, he was fascinated by the idea of an automatic mechanical moneymaking machine.

One of his clients' accounts still holds the record for the amount of profit he achieved with the use of trading algorithms and computer programs. From 1972 to 1988, the profit made by the robot he used was over 250 000%, which means that Seykota's client was able to get 15 million dollars out of $5000. A steady algorithm can't be the source of that success - it can't be a lucky case.

Millionaire granny Ingeborga Mootz

As for Frau Mootz, she started at the opposite side of the age spectrum to Ed Seykota's age of five. It's not uncommon for grandmothers to bake pies - and for them to trade for millions of dollars.

She was 96 years old and a German widow at least 15 years ago, when she became a millionaire. Since that time, she has become a household name in Germany.

Born into a poor family, she got married at the age of 17 to escape poverty - but she didn't experience any relief from poverty after marriage. Up until the age of 75, she was begging her husband to spend every pound. She was called a stupid old woman every time she tried to find a job by her husband. I'm going to trade the market if you think I'm not fit to work!””” – said she one day, when lost her temper. Her words were true.

After her husband's death, Frau Mootz discovered 1000 shares of the company where he spent his entire career. To end her poverty, she decided to take the risk and put it all on the line. She made the right choice: during the first eight years, this energetic old woman earned more than half a million euros!

Despite not using gadgets, the Internet, or trading signals, her trading style is respected. Everything she needs to know comes from the newspaper. Browse through her book "Borsenkrimi" or "Stock market detective" for more information about how she made millions.

The market's Black Swan: Nassim Taleb

He developed one of the most interesting and controversial theories in trading - the theory of Black Swan, or the theory of the highly unlikely events.

After graduating from the University of Paris, Taleb began his career as a trader after growing up in a family of Greek Orthodox believers. His studies of statistics led him to the belief that the entire financial system was a keg of dynamite that was ripe for explosion.

It was after the release of The Black Swan that he became a true celebrity. Taleb argues that almost all events that have the potential to have an impact on the market are completely unpredictable. The past does not guarantee anything about what will happen in the future, which is why most risk managers focus on the past to predict the future. On day 1001, the turkey that has been fed nicely for 1000 days will be killed for Thanksgiving dinner - but that's what's going to happen. The Black Swan for the turkey is being killed on the 1001st day of feeding, but not for the butcher. Government agencies and companies cannot use traditional risk management techniques. As the 2008 financial crisis unfolded, the theory gained popularity.

As Taleb is a trader whose strategy is to protect investors from crises while reaping rewards from rare events, his career is more of a string of jackpots. Taleb made a profit of $40 million after the Dow Jones Industrial Average dropped 22.6% on Black Monday, October 19, 1987.

George Soros broke the Bank of England

Traders like Soros are among the most famous in history. As the son of a Hungarian Jewish family, he barely survived the Nazi occupation. George worked as a nightclub waiter and railway porter to support himself while studying.

After moving to New York and working for several Wall Street brokerage firms, the financial genius began his real life. The most famous thing about him is that he broke the Bank of England in 1992 by wagering against the pound. One night, he gained more than a billion dollars.

In addition to being the world's leading philanthropist, Soros is an incredibly generous individual. In more than 100 countries across the globe, a virtuous billionaire created the Open Society Foundations.

Mr. Soros was named "The Person of the Year" by the Financial Times in 2018. According to the magazine, it was not only Soros' achievements that influenced the decision, but also the values he represents as a philosopher and philanthropist.

'Prince of Pits' Richard Dennis

Trading legends such as Dennis are still able to fire the engines of aspiring traders today when they tell their stories. Richard Dennis is one of the world's richest men, an inventor of commodity trading, and a genius.

A poor Irish family raised him on the south side of Chicago. In about 10 years trading commodities, he turned a borrowed $1,600 into $200 million in about 10 years at age 23.

He is known for his Turtles experiment, which involved training a group of people for two weeks. Five years after the conclusion of his experiment, his Turtles were reported to have generated $175 million in profits.

Dennis worked as a trend trader. When he found a trend, he would place as many trades as possible in the direction of the trend at ever higher leverages, so that in the lucky case, he could make as much money as possible.

This can happen to anyone - from rags to riches

Traders all have different stories to tell. Despite the ups and downs they face, they all share one thing: the will to succeed after all. Each story of trading success concludes with the same message: it's not over until you give up. You could be one of the best traders in 2019! Add your name to the list of the best traders.

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