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.
Victor Niederhoffer
A successful trader, and indeed a businessman, must possess tremendous willpower and drive to succeed
. Victor Niederhoffer's story is a true example of one of the world's most successful traders, who made fatal management mistakes and lost, to put it mildly, everything.
Having survived convictions, trials, the sale of personal property, and persecution from various brokers, this man not only did not give up, but, in spite of the whole world, conquered new heights and earned a huge fortune.
The books written by this trader have become a true bible for many beginners, as all the knowledge and experience he gained were printed on the pages. These are not the musings of a philosopher far removed from stock trading, but genuine advice and practical points from the lips of one of the most successful traders in the world.
The future diamond of the stock market world, Victor Niederhoffer, was born in Brooklyn in 1943. The family was quite ordinary, middle class, as his father was a respected police officer and his mother was a teacher.
Ben Warwick's Trading Strategy
In the forex market, news trading is one of the most popular methods of forecasting the market. It's based on the psychological
reaction of the public to certain macroeconomic indicators, which reflect the state of the country's economy. However, it's not just the raw numbers that influence the market; political statements also influence it.
For example, the British mayor's latest statement on the prospect of Britain leaving the European Union forced investors to dump currency on the market en masse, causing the pound to plummet by two percent in just one day.
Just imagine the power of fundamental analysis if applied correctly and in time.
The president of Bacon Investment Corporation, better known to the general public as Ben Warwick, is one of the active traders who developed fundamental analysis as such, and his trading strategy and developments confirmed the importance of fundamental analysis and the impact of a series of news items on market participants.
Ed Seykota is one of the fathers of mechanized trading strategies
Ed Seykota was one of the first traders to realize the idea of automated trading strategies in
reality, even though personal computers had not yet been invented at that time.
His innovative views have allowed him to go down in history as the most progressive trader, who has provided himself and his clients with stunning profits with virtually no intervention in the trading process.
Edward was born back in 1946 in the Netherlands. He spent his early years in the town of Voorburg, but after another move, he had to finish school in Den Haag.
Challenging family circumstances forced the Seykota family to immigrate to the United States. From a very young age, Edward developed a passion for stock trading, as his father, a broker, repeatedly taught him the basic principles of futures and stock trading.
Michael Marcus
Do you know the taste of defeat? Do you know what it's like to fall to your knees and rise again? What does it mean to push
through and achieve your success?
Can you perhaps imagine what it would be like for a trader to lose tens of thousands of dollars?
Everyone is familiar with these phrases, but for some reason, the vast majority, having ever found themselves at rock bottom or suffered their first serious losses, begin to forget about their dream of becoming a trader.
It doesn't matter whether it's trading or business; in any field of activity there are ups and downs, and only strong people are able to achieve their own goals.
John Templeton is a crazy optimist!
John Templeton is a supremely optimistic investor who, thanks to his faith in people and a promising future,
was able to earn billions of dollars. Most interestingly, John Templeton is not only a great trader and investor, but also a philanthropist and one of the most influential people in the world.
John Templeton's success story is one of the most fascinating, so after reading his biography, you might see yourself in it and never stop on your path.
John Templeton was born in 1912 in Winchester, Tennessee. John was no stranger to poverty, growing up in a large family with four other children—three sisters and one brother.
The father worked as an ordinary shoemaker, and the mother was a housewife and was engaged in raising children.
Lewis Borsellino's 10 Commandments
Lewis Borsellino is a phenomenal figure who left a huge mark on the history of stock trading.
His phenomenal success was made possible by strictly following the rules that he set for himself as a trader.
We all understand perfectly well that only strict adherence to rules and strict risk control will allow us to maintain stable growth, and that losing trades will become a part of everyday life that simply cannot throw us off track.
For all aspiring traders who have decided to embark on this path, Lewis Borsellino outlines 10 commandments in his book, following which becomes mandatory if you want to achieve real success.
All of these commandments are very simple and banal, but even professionals in their field cannot dispute them, so I suggest you familiarize yourself with each of them and hope you can follow them.
Lewis Borsellino
Reading books about the stock market and watching films on the subject, you notice the incredible
progress of the stock exchange itself. Previously, no one could have imagined that years later, trading would be possible from the comfort of an office or home, using a computer.
Previously, there were so-called "Pits," where large numbers of traders would gather and actively trade in a noisy, crowded space. To execute a trade, you needed not only a loud and powerful voice, but also the physical ability to push through the crowd and achieve your goals.
Not everyone liked this kind of fuss, so, as a rule, no one could stay in the Pit for more than two years.
James Beeland Rogers
When we look at the success stories of various notorious figures in the trading world, we forget about the
people who helped them rise to the top.
James Beeland Rogers is a leading financier, international investor and co-founder of the well-known international investment fund Quantum.
Yes, it was precisely that “Quantum” thanks to which the whole world learned about such a person as George Soros.
James is also known for his world records and wonderful books that motivate goal-oriented people to engage in investing and provide instructive advice on how to avoid the mistakes the author himself encountered.
Steven Cohen: How a Card Player Became a Financier
In many ways, our success depends on a simple chance or an opportunity that appears
once in a lifetime, and, as a rule, at such a moment you have to risk almost everything and possibly your future.
The success story of Steven Cohen successfully shows us how an ordinary student, having put his future career on the line, simply amazed the whole world with his success and, for a time, eclipsed George Soros himself and his foundation.
Stephen Cohen was born and raised in an ordinary middle-class family, where his father was a clothing manufacturer and his mother worked as an ordinary music teacher and taught piano lessons.
Born and raised in Great Neck, New York, the future millionaire grew up in a large family, so from a very young age he clearly understood the need to focus on a specific task to achieve success.
GEORGE LANE
Many traders can only dream of stable trading in the financial markets for years. Everyone
understands that a trading strategy will eventually outlive its usefulness and begin to generate losses, and it's very difficult to determine at what point this occurs, leading to significant losses.
After reading many successful stories, you realize that every trader should have a certain ace up their sleeve—a versatile approach that will keep them in the saddle for years to come.
George Lane's story is very similar to the stories of many successful people: an unnoticed young man who didn't even know the stock exchange existed, who rose from rags to riches, as they say.
Ingeborg Mootz – age is not a barrier, but a great opportunity
The success story of the famous old woman Ingeberga Mootz is not just a historical fact, but yet another
confirmation that age and even experience are irrelevant when it comes to achieving success in the stock market; the main thing is to set a goal and move towards it by leaps and bounds.
Today, it is called the most honest investor in Germany, and this is not just a laurel.
Just imagine, she managed to make money where everyone was losing, and she doesn’t have any insider information, but looks at the news from regular newspapers and makes all her purchases through an old phone.
If you think about it, most retirees her age give up and live out their lives modestly, but Ingeborg Mootz managed to earn money where people with specialized education, young and ambitious people lose.
