If you’re a trader yourself, you know just how challenging it is to make consistent profits. But some people have made (and are still making) massive fortunes from playing the markets.
Of course, the lives of famous traders and investors aren’t all about triumphs. Failure is part and parcel of trading, and an essential part of everyone’s learning curve. But when it comes to these famous traders, their overall investment acumen has propelled them to the very top.
Here are three of the world’s best-known investors and traders:
#1 Jesse Livermore
Jesse Livermore was a very famous trader who made a fortune by short-selling the 1929 market crash. The most impressive fact about him is that he left home with just a few dollars. However, he had lost all his money by 1934.
“No trading rules will deliver a profit 100 percent of the time.”
#2 William Delbert Gann
William Delbert Gann is still very famous for creating market forecasting techniques, mostly based on geometry and ancient mathematics (as well as astrology), such as the Gann Angles and the Square of 9.
“The difference between success and failure in trading […] is the difference between one man knowing and following fixed rules and the other man guessing. The man who guesses usually loses.”
#3 George Soros
Often referred to as the man “the man who broke the Bank of England,” George Soros is one of the world’s most famous Forex traders. In 1992, he decided to short-sell the equivalent of 10 billion pounds.
This trading position was successful, and he made a billion dollars out of it, which is probably the most any Forex trader has earned in a single day.
“I’m only rich because I know when I’m wrong… I basically have survived by recognizing my mistakes.”
There are many things that must be taken into account to be successful in trading. One thing is certain: you need to have the right set of tools, starting with the right broker. Trading with a robust and reliable broker like Almahfaza is essential if you want to be profitable over the long term.
Almahfaza is a regulated CFD and Forex broker created by finance professionals to provide the best trading experience to its traders. Almahfaza provides advanced trading tools and trading platforms such as MetaTrader, offering access to more than 300 financial assets.
Most importantly, Almahfaza is a STP (Straight Through Processing) broker, which means that it directly passes on its traders’ orders to liquidity providers. As such, there is no conflict of interest, as prices are provided by those liquidity providers, acting as counterparts to each trading position.