People are seriously making big cash in the
forex market. Forex millionaires do exist, in the sense that there are
people who sit in front of their computer looking at the same MT4 charts
as you. But why do you lose? Why do they win? You know the answer don’t
you. I keep saying this; that forex needs a lot of patience,
persistence, discipline and being plain “hard core”, by that I mean
learning not to give up. Those forex millionaires who have made it all
lost lots of times. They lost big moneys but giving up wasn’t an option.
The trick is, with every fall, there was a new lesson learned, they
fell enough times that they’ve been able to correct almost all the
mistakes there could be to make them the forex pros that they are now.
And that’s what most of us traders lack — These qualities that are
putting them on top.
In no particular order of reverence, I have gathered the top forex millionaires alive (bare in mind this is my personal list). This is a list of people I admire and look up to, learn a lot from their way of life, style of trading and anything I can find about them that concerns trading
In no particular order of reverence, I have gathered the top forex millionaires alive (bare in mind this is my personal list). This is a list of people I admire and look up to, learn a lot from their way of life, style of trading and anything I can find about them that concerns trading
Bill Lipschutz
Lipschutz is by no doubt one of the best forex traders alive. He inherited $12, 000 worth of stocks after his grandmother died. He invested a lot of time reading and learning about the market which was later to spike up his interest in financial trading. He turned this initial investment to $250,000 but lost it all, something he considered to be a very valuable lesson. He persevered and it’s now known that Bill has made over $300 million per year in trading only on the forex market.
Bruce Kovner
Bruce Kovner borrowed $3,000 to trade, turned it into $40,000 and then back down to $23,000 before deciding to get out. $20,000 of pure profits from an initial $3,000. Not bad. But coming back from $43,000, Bruce Kovner said that trade thought him one valuable thing every trader should know about: Risk Management.
Kovner has a mansion in New York City that has a lead-lined room to protect against a chemical, biological, or dirty bomb attack. What can’t you do when you’ve got the money. He’s worth $4.8 billion dollars as of March 2014.