Top traders
The world of trading wouldn't be so vibrant and attractive if it weren't for the success stories of hundreds of traders around the world who have earned millions, even billions, of dollars.
These idols demonstrate to us all that it doesn't matter who you were in the past, what your family background is, or what your connections are.
A specialized education doesn't always play a decisive role in achieving profit.
And most importantly, there's no ceiling on profitability, because absolutely anyone can realize their potential in one way or another on the exchange.
And the exchange makes all this possible, with real-life success stories from top traders serving as the most compelling proof.
Top 5 most famous and successful traders in the world.
David
Tepper is one of the most prominent figures in the investment world, having amassed a personal fortune of $11 billion through his trading career.
This trader was born in 1957 to an ordinary family of accountants.
As a child, he showed excellent mathematical abilities, but was more interested in sports than in studies. After high school, he wanted to become an economist and enrolled in the University of Pittsburgh.
His studies immediately ran into problems, as he lacked a scholarship. So he had to work various jobs, and in his third year, he began successfully scalping options.
Incidentally, thanks to his options profits, he managed to graduate and land an internship at Equibank.
He started from the bottom and rose to become a CEO at Goldman Sachs before founding his own fund.
He made his billions by buying up debt securities and stocks during the subprime mortgage crisis.
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Nicolas Darvas.
The biography and story of this trader's success are truly touching for anyone who's finally determined to achieve financial independence.
This now-famous millionaire trader was completely unrelated to the stock market; in fact, he and his sister toured cities across the United States, earning huge fees as dancers.
Everything changed completely due to a simple coincidence: for the first time, he was paid for a concert not with cash, but with stocks.
From then on, Darvas became so interested in stock investing that he began buying everything he could get his hands on.
Naturally, this approach promised nothing but losses, so after analyzing himself and his actions, Nicolas was able to turn $35,000 into $2 million.
He shared his experience in books, which are also recommended reading for beginning traders and investors.
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Warren Buffett, a leading trader.
Many people learned about investing not from a textbook, but from numerous publications and television programs about the famous investor Warren Buffett.
It was he who coined the term "lifetime investing," which refers to holding a company's shares for decades and selling them only rarely.
Furthermore, Buffett always disdained speculators, blaming them for the collapse of numerous companies and the instability of his own holdings.
Most interestingly, Warren built his portfolio exclusively on stocks whose products he personally owned.
However, despite his storied purchases of Coca-Cola and Vest shares, he only became a true billionaire after achieving a near-monopoly on the US insurance market.
Nevertheless, he has nurtured numerous hedge fund managers, and his investment philosophy teaches us to look beyond the immediate future.
His net worth is currently estimated at $84 billion.
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Gary Smith.
Gary Smith's success story is one of the most atypical. The seemingly simple boy he was when he first became interested in the stock market was so infatuated with easy money that the discipline necessary for trading was completely absent.
From childhood, Gary Smith earned his living by cheating casinos at roulette, finding patterns in the wheel's axis, and by exchanging and reselling coins to collectors.
However, when he was only 14, he happened to read a textbook by Nicolas Darvas, who, in turn, shared approaches to buying stocks.
The book made such an impression that Smith read dozens of books and stormed the market, trying to win for 19 years.
Only after 19 years of marking time did he manage to overcome himself and earn his first million.
You can also read one of his books - http://time-forex.com/knigi/kak-y-igrau
Mary Erdoes
Most people imagine the average trader as a man in his forties, wearing a suit and tie, not a woman.
This is unfortunate, as women are just as effective at trading as men, and the success story of Mary Erdoes is a prime example.
Thanks to her grandmother, Mary instilled a love of finance from childhood; in fact, it was thanks to her grandmother that she landed her first internship at an investment firm.
It's no wonder this woman rose to the top of the traders' ranks, having started as a simple messenger boy and risen to CEO at such investment firms as JPMorgan Chase & Co.
Today, she manages and oversees more than $3 trillion, and she is considered one of the most influential women in the world.
