The foreign exchange industry has always had outstanding figures with analytical skills and the ability to grasp market trends in a very sensitive way. If you are a new trader or have been trading in this market for a long time, then there must be one thing that you cannot deny, that we must learn and follow in the footsteps of the successful traders. Here are the top 5 and most influential forex investors that Juno Markets would like to recommend.
* Please note that this is only a personal opinion of Juno Markets itself. The rankings in this article are not intended to measure investor achievement based on any criteria
1. George Soros
George Soros is one of the most famous investors of the second half of the 20th century. Soros graduated from London School of Economics. Within 20 years, he founded the Soros Fund, which later became Quantum Fund. He tested the principle of the free market in capital markets and then turned $12 million in capital into $20 billion by the beginning of the 21st century. Soros also founded charities and donated billions of dollars. He tested his principle of investing in global financial markets and honed strategies that combine scientific methods with his passion for social change.
George Soros is famous around the world after the September 1992 event, where he put $10 billion in a currency speculation, short sale of the pound. As a result, it turned out he was right, and within a day that deal made him a profit of $1 billion – Soros’s profit in this case eventually amounted to $2 billion. After this event, he became famous with the nickname “the man who broke the Bank of England.”
Soros is also famous for running the Quantum Fund with an average return of 30% during his time in office. In addition to the famous British pound trade, he is also credited with triggering the 1997 Asian financial crisis, when he was heavily speculative against the Thai baht. On top of all that, Soros is also known for his political and charitable activities.
2. Stanley Druckenmiller
Stenley Freeman Druckenmiller, born June 14, 1953, is an American investor, hedge fund manager and philanthropist. Starting his financial career in 1977 as an oil market analyst at Pittsburgh National Bank, he became head of the bank’s capital research team after just one year. In 1981, he founded his own company, Duquesne Capital Management. In 1988, he became a partner of George Soros, became a fund manager of Quantum Fund and was recognized worldwide as a talented fund manager. Not only helping to restore 30% of Quantum Fund’s value but also together with Soros, they make a “century investment mission” that has been mentioned by the whole world until now. The event is called “The breakdown of Bank of England ” on Black Wednesday in 1992. This was the event that helped Soros and Stenley make a profit of $1 billion in just one day, thanks to trading the pound.
3. Bill Lipschutz
Bill Lipschutz, born January 1, 1956, in the state of New York, USA. He is a trader in the forex market, co-founder and managing director of Portfolio at Hathersage Capital Management. He was also a former Global Foreign Exchange Manager at Salomon Brothers, where he worked from 1981 to 1990. The forex markets took off around the same time Salomon Brothers started to enter the market. He is considered one of the top five forex traders worldwide. By 1985, Lipschutz made $300 million a year for Salomon Brothers.
Talking about his investment philosophy, Bill said that the most important thing in trading investment is risk management. He also said that investors should not put all their capital into a single trading order (investors called “All in”). At the same time, understanding market sentiment is extremely important. He advises traders not to ignore market trends and especially to trade only when the basic analytical factors become favorable.
In addition to the success stories of his trading career, Bill Lipschutz is one of the few traders known for losing in the trading market. One of them is the fact that he lost $18million in 1988 when investing in D-Mark trading – the official currency of Germany before switching to using the Euro.
4. Andrew Krieger
Andrew Krieger graduated from the prestigious Whawton Bussiness School of the University of Pennsylvania. He became famous when he sold the “Kiwi” (New Zealand dong) with an estimated value of 600 million to 1 billion dollars.
5. Bruce Kovner
Bruce Kovner, born on December 25, 1945 in New York, USA. He graduated from Harvard University and is currently the Chairman of CAM Capital, established in January 2012 to manage his investment and business activities. Previously, in 1983, he was the founder and President of Caxton Associates and operated for 28 years (2011).
He has achieved unprecedented achievements with commodity trading with a profitability ratio of 90% within 10 years of operation. Bruce Kovner is one of the investors combining cleverly basic analysis and technical analysis in his trading style. He once said, “Investors in the field of fundamental analysis do not pay attention to charts and technical analysis just like a doctor does without checking the patient’s body temperature.”
Through this article, do you feel you have learned more lessons from each story of each great trading strategist? If you want to try but do not know where to start, please do not hesitate to come to Juno Markets for advice and implementation of your expectations in the field of foreign exchange investment.
You can also learn about this form of investment yourself by registering yourself for a Demo trading account (Click here) completely free today.