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Every forex trader began with a dream: to become one of the most significant and successful forex traders in history. Whether you're a novice or a seasoned trader, that dream will inspire you as you embark on your journey in the complex but rewarding forex trading business.submitted by highkeyfxseo to u/highkeyfxseo [link] [comments]
Several forex traders rose through the ranks of thousands of aspirants to reach the pinnacle of their ambitions. How did they manage it? Let us read through their real-life success stories and get psyched up and inspired to build our success tales based on their examples.
Forex success stories
But wait, what is a success, and what is the essence of success? Let us define the term first, shall we? To prevail, you must maintain consistency and earn significant revenues. Profits are unquestionably a sign of success. Aside from that, though, success could stem from the trader's pleasure and joy.
Being committed and passionate about trading is a not–so–hidden trading secret. The very volatile market will break the weak, impatient, and overly emotional hearts. However, your passion for trading will keep you afloat during the most violent storms. When the going gets tough, the tough get going, as we used to say. Because money alone will not get you on the list of successful forex traders, success is more than just money. Profitability and enthusiasm are a winning combo!
So, who are the world's most famous forex traders? There are many of them, and reading through these seven natural-life Forex success stories will leave you with a lasting impression and some helpful insights into how they reached their goals. Let's take a look at some well-known forex traders.
stories of 5 successful forex traders that will inspire you.
1. Stanley Drunkenmiller:Stanley shone under Soros' tutelage. His real-life success story will inspire you to believe in teamwork, collaboration, and trust. For numerous years, he worked with Soros at the Quantum Fund.
He was present in 1992 during the infamous Black Wednesday deal, which was responsible for breaching the Bank of England and shorting the British pound.
Soros and Stanley worked extremely well together. They made billions of dollars from just one trade. Stanley later elected to leave the Quantum Fund to pursue his own business. He later established Duquesne Capital Management.
2. Paul Tudor JonesAnother historical figure was born in 1954. Paul, who had had a humble life, rose the ranks to become a business owner. His life seemed to be average, but the moment he pulled the trigger – when he accepted the potential dangers and seized the chances knocking on his door – he unlocked a whole new level of trading experience. He first attended Harvard Business School before working as a commodity trader at the New York Stock Exchange. These allow him to obtain knowledge.
Soon after, he established the Tudor Investment Corporation. In 1987, a market meltdown made headlines, and Paul's company profited by 62 per cent on short positions. Then, during that difficult period, he made $100 million. Finally, he was appointed chairman of the New York Stock Exchange in 1992. What a brave man he was!
The next person's story?
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