The best traders.
This section describes the success stories of famous traders and the strategies they used. Is it really that difficult to succeed in trading? What does it take? The key secrets of profitable trading.
Jack Schwager
Dozens of different educational books on futures trading or the forex market are freely available for download online.
However, once you start studying them, you realize that the text is filled with dry theory that's difficult to apply in practice.
The fact is, in most cases, the books are written by excellent theorists who may know everything about everything, but have failed to achieve success in practice.
Indeed, these books are almost always written by people with no experience in the stock market, and certainly not by traders.
Naturally, a text written by a teacher looks excellent and is easy to read, but in practice, it offers virtually no benefit. However, if you've read a book by a real trader, you'll remember its contents forever and absorb the lessons and life wisdom that the trader himself possesses.
Bruce Kovner
Bruce Kovner is a highly successful trader who has earned over $2.5 billion through trading in the forex and futures markets.
Yes, Bruce Kovner became a living example of successful traders who conquered not only the stock market but also the forex market.
What's most interesting is that he wasn't an economics major and transitioned to trading from an entirely different profession—more specifically, from teaching.
A desire for self-fulfillment and a tremendous amount of hard work made Bruce who he is today, and his story of success and arduous journey to self-improvement has become an excellent example for aspiring traders.
Bruce was born in New York in 1945. Kovner has Russian roots; his grandfather was threatened with arrest for his political views, and the family fled to the United States.
Financier Ben Shalom Bernanke
Ben Shalom Bernanke is one of the most prominent figures of our time. He served two terms as Chairman of the US Federal Reserve and exerted a global influence on the global economy.
Ben has an immense academic record, and in the field of economics, he is considered one of the world's foremost experts.
During his tenure at the Federal Reserve, he earned the nickname "Helicopter Ben," as he repeatedly compared inflation to a helicopter from which vast amounts of money were being dropped.
Bernanke's biography is an excellent example of how determination and perseverance can influence anyone's future career, as he himself, through hard work, achieved his goal step by step.
Ben Shalom Bernanke, of Jewish descent, was born in Augusta, Georgia, back in 1953.
Trader manager John Bogle
John Bogle is a renowned managing trader who founded one of the world's largest mutual funds.
John is not just a hyped-up figure, but a truly practicing investor who has made a tremendous contribution to the development of investing.
His book, "Common Sense Mutual Funds: New Imperatives for the Intelligent Investor," sheds light on the complex industry of mutual fund investing, and the practical advice it offers remains relevant today.
Bogle earned the rather humorous nickname "Saint Jack" from his detractors, as his frank statements about competitors and his extreme openness with journalists led to numerous leaks of important information and cast a shadow on the entire industry, which clearly displeased his competitors.
However, any achievements of this great investor were preceded by a difficult life, which we will try to acquaint you with in this article.
Trader Tom DeMark
Often, the biographies of famous traders offer nothing in terms of achievements beyond seven-figure profits. Many were simply lucky, while others simply had skillful management skills and assembled an excellent team around them.
These traders may make it onto the rich list and be invited on television for a few appearances, but once their careers are over, the world simply forgets them.
Trader Tom DeMark is the most ardent inventor and ardent ideologist of technical analysis. Among Tom's achievements, we can confidently mention the dozens of trading indicators he created, which are actively used in both the forex and stock markets.
DeMark also shared his knowledge and skills by writing a remarkable practical book on trading, " Technical Analysis – A New Science ." This book has become a guide for many beginners in mastering short- and medium-term trading, as it is on these timeframes that, according to DeMark, technical analysis is most effective.
Since then, Tom DeMark has written his name in the history of technical analysis, but his life's journey is just as interesting as his achievements.
Trader Alexander Gerchik
Studying the autobiographies of successful traders allows beginners not only to gain a boost of energy and strength, but also to analyze the mistakes of their idols.
When reading almost any biography, you can identify with yourself to some extent, as all professionals were once beginners and, as a rule, had a rather difficult path to becoming a professional.
By carefully reading autobiographies and analyzing the mistakes of your idols, you can minimize unnecessary losses, as you've already encountered similar situations, even if not directly.
Trader Alexander Gerchik is one of the most prominent traders of our time, as he has been trading profitably for many years.
Alexander Gerchik is famous among traders not only for his achievements as a trader, but also for his books and his approach to teaching, in which Gerchik lays out the truth and the ins and outs of the trading world.
Glenn Neely from unsuccessful trader to consultant.
Glenn Neely is a renowned figure in the trading world. His significant contribution is considered to be his refinement of the Elliott Wave Theory, which was presented to the world in his book, "Mastering Elliott Wave Analysis.".
The author not only brought theoretical clarity by removing the subjectivity factor from Elliott's theory, but also developed new, shorter models with more precise characteristics.
Despite his enormous contribution to technical analysis and his immense worldwide fame, Glenn Neely's life remains a mystery to this day.
In his speeches, Glenn Neely avoids discussing his family and past, firmly establishing 1981 as the beginning of his trading career.
Linda Raschke
Many people mistakenly believe that only men can achieve success in the stock market. You'll agree that if you look at success stories, or even just photos of trading floors, it's quite difficult to find representatives of the fairer sex.
In the early stages of stock trading, it was crucial to possess not only analytical skills but also physical ones, as they had to fight their way through a huge crowd to obtain relevant data and place orders.
Thus, it was quite difficult for women to compete in such conditions. The changes in exchanges and the transition to electronic trading completely changed this situation, and more and more women began to master the stock market.
Linda Raschke is a renowned trader, the author of numerous trading strategies and systems, and the author of dozens of trading tutorials. Today, Linda Raschke is not only a legendary figure in the stock market, but also an active trader and the head of LBRGroup, which manages billions in investments.
Most interestingly, Linda knew what she wanted to be from childhood and made every effort to achieve her goal, and her life has become a role model for millions of housewives.
Nassim Nicholas Taleb
Nassim Nicholas Taleb is a renowned trader, philosopher, and scientist. In addition to being a renowned theorist, Taleb is also a practicing trader and the founder of Empirics LLC.
His hedge fund generated billions in profits for its investors during a severe financial crisis. His books were translated into 17 different languages, and Nicholas himself was recognized as a genius of the stock market.
Nicholas had a particular interest in statistics, specifically random events that could influence the global economy.
Nassim Nicholas Taleb was born in 1960 in Amoun, Lebanon. Nassim's family belonged to the Orthodox Christian caste and represented their interests at various political levels.
His grandfather and great-grandfather were deputy prime ministers of Lebanon, and his paternal grandfather was the highest judge in Lebanon. As for his parents, his father was a renowned oncologist. Overall, Nassim grew up in a wealthy, noble family.
Martin Schwartz – a lone trader
More and more often, one can come across the thesis in various stock market journals that day traders never achieve consistent success, and that a series of profitable trades will sooner or later be offset by a series of losing ones.
However, this myth and prejudice are shattered by the success story of Martin Schwartz, who demonstrated by his example that day trading can yield astonishing profits.
Martin Schwartz exemplifies the most disciplined trader who achieved success through hard work. However, Schwartz, like everyone else, did not rise to the top overnight, and his life's journey offers an interesting lesson for all technical traders.
Martin Schwartz was born into a very poor family, and his difficult life inspired him to be industrious. From childhood, Schwartz worked various jobs, including mowing neighbors' lawns and shoveling snow for just $10. From a young age, Schwartz prioritized education, and he was a straight-A student in school.
After high school, he successfully completed college and then graduated with honors from Columbia University. After graduating, Martin joined the army and served in the U.S. Navy.
Christopher Gardner
Some success stories are so inspiring and motivate people that they are even turned into big-budget films, not to mention books written from the author's perspective.
Christopher Gardner's story inspired so many that Hollywood actor Will Smith portrayed him in the film "The Pursuit of Happyness," depicting Gardner's difficult journey to achieve his dream of becoming a broker.
Today, Christopher Gardner is a millionaire and philanthropist who helps others overcome similar challenges.
The brokerage firm he founded elevated Christopher Gardner to the top and became the embodiment of his long-standing vision. It's no coincidence that Christopher Gardner's autobiography was adapted into a film, as his success story is unique and demonstrates how a determined person can achieve their goals.
Christopher Gardner was born on February 9, 1956, in Milwaukee, Wisconsin. As a child, Christopher grew up in a very dysfunctional and poor family. He never met his father, who left the family while his mother was pregnant.
