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.
Trader Kweku Adoboli: The main antihero of the modern stock market
Many exchange-traded funds and investment banks fail not because of weak market conditions, a crisis, or external adverse factors, but because of the fraudulent actions of their own traders.
The fact is that the overwhelming majority of traders work in financial organizations for a salary plus a bonus for excess profits.
At the same time, they earn millions for the company owners, and their turnover amounts to billions of dollars.
Naturally, at a certain point, human greed begins to take over the trader, leading to unauthorized opening of positions and the desire to use the company's resources for personal gain.
However, it's not only traders who are to blame, as sometimes company management forces traders to cross the line of legality just to earn extra income.
Trader and Manager John Neff, a stock market legend
Many traders have heard of such famous figures as Soros and Buffett, who, thanks to their approaches and achievements, created enormous investment funds and forever etched their names in history during their lifetimes.
Naturally, the people who created such funds rose to the forefront, becoming role models for millions of investors around the world.
However, behind such famous figures, for some reason we do not consider those ordinary workers who have been loyal to their companies throughout their lives, earning billions of dollars for them.
One of these great traders was John Neff, who was able to earn his investors over 13 percent per annum over 30 years.
John Neff was born in the famous Ohio town in the USA in 1931. His family was quite ordinary and far from the stock market.
Trader analyst Roger W. Babson
Roger W. Babson is a renowned stock market analyst who, through his personal trading, was able to earn a huge fortune and even compete for the US presidency with Roosevelt himself.
Roger W. Babson was a well-rounded man and wrote more than twenty books on business and investing.
It's worth noting that it was Babson who became the first to predict the stock market crash, and his combination of statistics and the laws of physics when analyzing trading assets caused confusion and misunderstanding among his colleagues.
While many scoffed at his approaches and comments about the crash, Babson earned not only wealth but also enormous authority in the financial world.
It is worth noting that Roger W. Babson was an excellent careerist, which may have allowed him to forever inscribe his name in history.
Trader Larry Pesavento
Most novice traders, as well as more experienced exchange participants, have the misconception that in order to survive in the market, they need to develop their own unique approach.
Unfortunately, almost everyone thinks this way, and stock market textbooks repeatedly point out the importance of creating your own strategy.
As a rule, this way of thinking prevents a person from developing, and instead of progressing by building on someone else's experience, a trader tries to reinvent the wheel that has already been created.
Larry Pesavento is a great example of a consistent trader who took Gartley's idea and his Butterfly pattern as a basis and did a lot of research.
Thanks to the work carried out, Pesavento was able to supplement the Gartley series with his own patterns, and also significantly increase their efficiency by supplementing them with Fibonacci numbers.
Robert T. Kiyosaki: The Man Who Turned His Flaws into Millions of Dollars
It's probably hard to surprise anyone these days with the name of such a famous person as Robert T. Kiyosaki.
His motivational speeches have been delivered in most developed countries around the world, and his books have helped millions of entrepreneurs and failed investors around the world get back on their feet.
It is Robert T. Kiyosaki who teaches ordinary people to think like rich people, because it is precisely this way of thinking that prevents us from realizing our potential.
Despite the fact that Kiyosaki is constantly criticized, unlike other charismatic speakers, he independently went from an ordinary man to a multimillionaire, and along the way, he repeatedly went bankrupt and found himself in huge debt.
This is why Robert's speeches have such a huge impact on society, because he teaches what he has experienced himself.
Kiyosaki was born on April 8, 1947, on the sunny Hawaiian island of Hilo. Robert's family was well off thanks to the income of the family's main breadwinner, his father, Ralph H. Kiyosaki.
Richard Wyckoff, the father of volumetric analysis
Today, technical market analysis is at the peak of its development, and this is all thanks to the fact that more than 50 years ago there were people with extraordinary views who were able to formulate their own idea.
One of the pioneers in the field of technical analysis at the end of the 20th century was Richard Wyckoff, who gave the world the basics of volume analysis, which in subsequent years was transformed into a separate VSA technique.
Let's take a closer look at the biography of this remarkable man.
Biography. Career
Richard Wyckoff was born on November 2, 1873. There is no mention of the legend's childhood or adolescence.
The only thing that all bibliographers know for sure is that the family was very poor, so from childhood Richard had to work hard in order to somehow help his family.
Richard Wyckoff's connection to the stock market came through work he did on one of the exchange's floors.
Trader Steve Fossett: The Brightest Life of a Millionaire
When studying the biographies of rich and successful people, one gets the impression that their lives were lived in a banal, boring way, and that they only needed the money they earned to earn even more money, nothing more. 
Yes, they bought themselves mansions, expensive cars, and even the love of gorgeous women, but very rarely does one glimpse the madness that the average person would aspire to embody with a couple of million dollars under their belt.
Charitable foundations and balls are nothing more than a screen behind which rich people hide, trying to please society.
Living their rich and boring lives, all that remains is a name and the details of how much they once earned, nothing more.
However, this description of the average rich person is the complete opposite of trader Steve Fossett, who managed to live his life so flamboyantly and wildly that he inscribed his achievements in the Guinness Book of World Records.
Opposition trader Kyle Bass
When studying success stories in the stock market, one constant axiom that emerges is that in most cases, success was achieved by those who bought undervalued stocks and then controlled their price.
The growth of the US and European economies allowed many traders to earn fabulous sums without doing practically anything, just holding shares of promising companies.
Today, this approach is a dead end, but at the same time, the bears have begun to reach the podium.
Contrarian trader Kyle Bass is a great example of a modern bull who has achieved his success by shorting and playing against the market.
Kyle Bass was born on September 7, 1969, in Miami, Florida. His family had a comfortable income, as his father managed the Fontainebleau Hotel.
Trader and analyst Kenneth J. Tower
Today, there are many varieties of technical analysis, ranging from the use of popular reversal patterns and indicators to fractal and volume market analysis.
Numerous books have been written on each type of analysis, but few of them provide practical, rather than superficial, information. Kenneth J.
Tower became world famous for uncovering one of the most complex and unique forms of chart analysis: point and figure. Kenneth J.
Tower has co-authored many books on technical analysis and is a frequent guest on American channels such as CNN, Fox and many others, where he regularly shares market situations and provides his forecasts.
Kenneth J. Tower regularly conducts training seminars around the world, and his students have been able to achieve unprecedented heights after learning tic-tac-toe charts.
Financier Leo Melamed: The Trader Who Changed the Stock Market Forever
When studying the success stories of various traders, it is impossible to ignore the legendary trader Leo Melamed.
Thanks to his efforts, the stock exchange forever changed its appearance, moving away from trading in a huge hall to global online trading.
However, Leo Melamed not only changed the appearance of the exchange, but its very essence, creating derivatives or in more accessible language, derivative instruments.
This man's contribution to the development of the stock market is simply enormous, but this would never have happened if he had not had to go through a very difficult life path, which we would like to introduce you to.
Leo Melamed was born in Poland on May 20, 1932. When the boy was only seven years old, the world was engulfed in World War II, and Hitler's troops entered Poland at that time.
Trader Jim Chanos: The Biggest Bear in Financial Markets
If you study the success stories of many traders, you will come to the conclusion that they were all typical "Bulls", namely, they managed to find undervalued stocks and after purchasing them, they became millionaires in a matter of months.
However, it was extremely rare to encounter a success story where a trader, without any inside information, managed to predict the collapse of a company or the economy and profit from these events.
Of course, you can cite the example of George Soros, but he has been repeatedly accused of using insider information, and the so-called Black Friday may not have been an accidental victory, as many believe.
However, while all hedge funds are constantly busy searching for undervalued stocks, the Kynikos fund and its founder, Jim Chanos, are the largest short sellers who profit from the weaknesses and vulnerabilities of companies and countries.
Jim Chanos has a real knack for spotting scam companies and magically profiting from their bankruptcy.
