Extraordinary success stories are one of the biggest things that inspire people. This applies to absolutely everything, and trading in the financial markets is no exception. There are many stories of traders who achieved incredible results and became some of the wealthiest people in the world. The article by Traders Union experts discusses the Top 5 richest forex traders and their success stories.
Who are the people who achieved greatest success?
There are thousands of stories of how Forex traders made a fortune by trading in the financial markets. However, only a few of them became known to the entire world. The Top 5 Richest Forex Traders are:
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George Soros – $8 billion
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Paul Tudor – $5 billion
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Joseph Lewis – $5 billion
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Stanley Druckenmiller – $2 billion
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Paul Lipschutz – $2 billion
These traders made their fortune by trading successfully. They chose the right moment to invest in the right asset, making them one of the examples to follow by novice traders.
Rules of success of top traders
There is no limit to how much you can earn in the Forex market. At the same time, the market is full of risks, and it is important to observe certain rules that successful traders apply to avoid losing money. These rules are as follows:
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Never stop learning. The Forex market is an unlimited space for earning, and you need to continue to improve your knowledge in order to be successful.
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Work with a reliable brokerage company. Only reliable brokers should be used for working in the Forex market. Pocket Option can be considered a worthy example of a reliable broker.
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Have a clear strategy. You should open and close any position strictly by specific rules, because a strategy is the key to success.
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Observe the rules of risk management. It is very important to control risks and avoid quick loss of your entire deposit.
These are the basic rules followed by successful traders, and they apply to everybody, regardless of their experience and deposit amount.
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