- Are there billionaires of Forex trading?
- Successful Traders do not reveal themselves
- Emotional Control is the first key
- Billionaires of Forex market – Inspiring Stories
- So there are billionaires and millionaires in Forex
- Key to Success in Forex
- Join Local Forex Seminars for Education
Are there billionaires of Forex trading?
Millions of people ask themselves this question.
The main reason why traders tend to conquer the famous Forex market is their desire to become rich.
Many people hold the mistaken opinion that the Forex market is a dangerous game to play, and that there are no real millionaires who made their fortune solely trading in the Forex market.
Well, it’s not necessarily true.
Perhaps, there are no such traders who made money trading solely in the Forex market but there are many people who managed to increase their fortune many times over due to self-discipline, purposefulness, perseverance and a desire to grow and develop with Forex.
Nowadays many people try to find who, in their opinion, are the most successful traders and then attempt to follow their strategy.
This type of legendary trader, however, is rarely seen.
But are successful traders really so few, and are the stories about the Forex millionaire just beautiful legends?
Successful Traders do not reveal themselves
Everything in our life is relative, and if just because we are unaware that something exists it does not mean that it actually does not exist.
For example, let’s look at your neighbors.
Do you know who of them is a millionaire? Most probably, you don’t, and maybe you never will these people tend to hide their personal wealth, which.
After all, is natural. The situation with Forex millionaires is similar.
The people who made their fortune in this field tend not to broadcast this information about themselves on Internet forums and blogs.
They are more interested in the matter of how to secure and improve their results.
As a rule, the people who lose out tend to be the loudest in leaving negative comments on these forums.
Maybe this is why the opinion that these millionaires do not exist at all is able to proliferate.
It’s important for the Forex novices to remember that they should not post real data about their profit.
You will be surprised how many people want to know what real wages a successful trader gets.
Perhaps, the entire world would want to see this person, to learn his secret and achieve similar results.
Emotional Control is the first key
The key moment is a correct understanding of trading in the Forex market.
Primary, this is a business and not the place for making bets.
And as in any other business your results depend upon purposefulness and assiduity.
A professional trader can make good money if he is not greedy.
You may be surprised but greed is the main reason of bad luck of the most Forex players.
Managing his emotions properly, a clever trader can make much more than any midlevel office manager.
Being a market novice, your start profit can be 2000 USD, but in a year your profit can reach 20 000 USD a year and you can think that you are successful.
The most important is to start.
Billionaires and Millionaires of Forex market – Inspiring Stories
As in any other business, the Forex has its own outstanding people whose names are known all over the world.
In this article we will give the brightest examples: people who achieved overwhelming results and became millionaires.
They became known due to their inventiveness, hard-working and high self-discipline.
Let these examples serve as an additional source of optimism and desire to move forward as without this success is impossible.
1. George Soros
In the Forex market the most successful trader is George Soros.
George’s career began with the establishment of Quantum fund on Curacao (an island in Lesser Antilles in West Indies) in 1969.
During its being, Quantum fund made a lot of successful deals in the currency market.
George Soros is a man who “broke the Bank of England”, he showed how vulnerable central banks are against currency speculations of large investors in terms of artificially maintained exchange rates.
Usage of loans enabled George Soros to make a fortune just within a few weeks and begin his charitable activities.
2. Larry Williams
Larry Williams is a legendary person in the currency and stock market.
He began his financial investing activities in far 1965.
He put a special focus on technical analysis, world finances and economics.
Later he started to learn the experience of professional traders.
Within the short period he got a certificate of a financial consultant and taught novice traders.
In five years Larry made his first million and became a millionaire.
His personal secret of success became a scalping strategy which is widely used in the currency market even nowadays.
3. Alexander Elder
Alexander Elder (his occupation is psychiatrist) by his own example proved the influence of psychology on the exchange trading.
His main line of activity is options and stocks.
As of today Alexander Elder is an author of popular books about trading in the Forex and stock market.
He is also the head of the professional traders training center.
He managed to make millions not only by trading but by teaching how to trade and writing books.
4. Timothy Sykes
Timothy Sykes is one of the most successful young traders in the world.
His first step on the road to his first million Timothy made when he was 18.
During next three years he managed to increase $12415, the gift of his parents to his birthday, to $ 2 million.
In 2003-2006 he took the first place in Barclays rating among hedge fund managers.
Mister Sykes is an author of a famous book “An American hedge fund: how I made 2 million dollars”.
5. Warren Edward Buffet
No one can say that billionaire Warren Edward Buffet increased his wealth only due to trading in the Forex market.
The major part of his capital Warren made in the stock market due to share trading.
The secret of his success is quite simple and based exclusively on the fundamental analysis: the most important is to follow the changes in the economy of the countries in the short term.
6. Richard Dennis
Richard Dennis started his career in the Forex industry as a courier in one of the stock markets in 1970.
Then he began to learn trading actively, and, as a result, having started with only 400 dollars, he managed to increase his fortune to 200 million dollars.
It didn’t happen at once, and it required from him several decades of hard working and purposefulness.
The secret of Richard’s success is trading in the proper time and following the rule not to lose money in the unstable market as he can make profit following the stable reliable trend.
After making a deal it’s better to make a break, gain strength and inspiration, and only after this to return to the market.
In Richard’s opinion, this approach is a recipe of success in trading.
So there are billionaires and millionaires in Forex
In our article we tried to answer the most frequently asked question of the 21 st century: is it real to become a millionaire trading in the Forex market?
The answer is evident: surely, it’s real.
Today, though this market is rather young, we have a lot of examples – a lot of people achieved unbelievable results in this business.
They are all united by strive for success, desire not stop at the achieved and continuous self-development.
Hercules.Finance provides all who wants with the possibility to realize full potential in trading.
We sincerely wish success to every trader.
Trade in the Forex market together with Hercules.Finance, open a real account today, and let nothing make you to abandon your dream.
It may be you who will become the next Forex millionaire and serve an example to millions of people over time.
Key to Success in Forex
Trading in Forex currency market, despite the risk, is often perceived as the tool for fast earnings, but the actual income is a result of self-improvement and factual studying.
The potential of possible earning in Forex is unlimited and depends only on efficiency of trade.
The optimal choice of correct resources and instruments of trade – one of the major aspects when determining trade strategy.
Finding investment strategy for the currency exchange market is a very individual process.
Tools used for its determination are very common but the result is unique as it is based on earned knowledge and an outcome of own practice of tests and faults.
The profit earned from Forex trading in many respects depends on education, but for this purpose it is not obligatory to receive a financier’s degree, it is well enough to feel comfortable reading and understanding analytics, major factors influencing exchange rates and devote some amount of time for practicing obtained skills.
The psychological comfort is very important as well.
For successful trading, it is necessary to be well informed and close deals on time.
Yet, emotionally it is not always easy.
In order to make Forex into a source of own stable earnings – it is necessary to clarify goals and instruments of trade as well as determine the terms of trade in most convenient way.
Unless one has sufficient amount of time and experience, it is possible to use alternatives – opening PAMM Account and trusting a skilled trader can be an option.
This way, transactions are carried out on previously specified conditions and therefore the threats, which the beginner players of Forex are usually exposed to – are minimized.
Investor will be still gaining the experience while saving time, spending it only on tracking of Account Manager progress.
It is also likely to reduce possible risks, by diversifying the sum of investments in various accounts.
Join Local Forex Seminars for Education
Hercules.Finance attaches great importance to the education of the FOREX industry and other global financial markets.
Today it is fashionable to be in this environment, but many market participants take spontaneous decisions, enter into rash transactions and as a result has the impression that they were deceived, and all similar companies are just profit from their customers, whereas the last in most cases, bear big losses.
We want to dispel this myth and to share with you the secret of success of wealthy, successful, self-confident people.
The essence of the secret lies in the availability of knowledge.
Knowledge is our strength. That’s why Hercules.Finance is committed to expand the horizons of their customers and do everything possible for you to have open access to easy, understandable and interesting learning.
To be able to trade on the stock exchange – it’s an art, and can not be approached lightly.
You must have a sufficient level of knowledge in order to at least not lose their life savings. Our company sincerely wants you to grow with us.
We are working on mutually beneficial partnership basis, multiplied by the respect and care about their customers.
We also pay special attention to the professional knowledge of our employees, we strive to improve their skills, create favorable conditions for the continuous growth of our extensive knowledge.
Every employee – a person aspiring to go beyond the conventional patterns and paradigms.
We never thought trivial, and trying to study the problem, the problem through the prism of the system analyzes the situation.
On Hercules.Finance, you will find many educational columns and FAQs, where we have given you a lot of useful and interesting information: about markets, trading platform, the basis of trade, and investment management and support resources.
Many online Forex and CFD brokers are also committed in education.
Check out the local educational seminars here to listen to professional and teachers of finance.