Famous Investors and Tips (+)

The Most Successful Forex Traders Ever

These are considered some of the most successful Foreign Exchange traders ever:

■ Andy Krieger

■ George Soros

■ Bill Lipschutz

■ Stanley Druckenmiller

(i) Andy Krieger

Andy Krieger is a Forex trader who made a lot of money by trading the New Zeeland Dollar or else the Kiwi. In 1987, the US Dollar faced enormous selling pressure and consequently, the other major currencies became fundamentally overvalued. Exactly that time, Andy Krieger placed very large selling orders on Kiwi. He managed to sell more currency than New Zealand could even supply (money supply) and by this way, he managed to gain billions of US dollars. He used the power of derivates (options) to leverage his funds and to achieve the Kiwi crush.

(ii) George Soros

George Soros is one of the most famous investors in the world. He was born in 1930 and graduated from the LSE (London School of Economics). George Soros in 1992 managed to gain 1 billion US dollars from a single transaction in just one day. He is known as the man who managed to “Break the Bank of England”.

(iii) Bill Lipschutz

Bill Lipschutz was born in New York in 1956. He is a Forex trader and the co-founder and Director of Portfolio Management at Hathersage Capital Management. He was awarded a B.A. in Cornell College in Fine Arts and a Masters Degree in Finance. Originally Bill Lipschutz was a Stocks trader, but afterwards, he became a Forex Trader. Bill Lipschutz managed to make over $300 million from Forex Trading in a single year.

(iv) Stanley Druckenmiller

Stanley Druckenmiller started his career as an oil analyst for the Pittsburgh National Bank and in 1988 started to work for George Soros.

Druckenmiller made his first grand trade after the collapse of the German Wall. Firstly he bought the German mark and after he bought German Bonds against the German Stocks. During that particular day, he managed to make 1 billion US dollars. This trade was in accordance with the attack of George Soros on the British Pound.

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■ The Most Successful Forex Traders Ever

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