Famous forex traders
When a lot of people think of success, they think of wealth. We usually think of giant mansions, sprawling estates, private jets, and more money than any normal person would be able to spend. In the trading world, most successful forex traders work behind the scenes and away from the limelight, quietly building their profits. These famous forex traders have helped shaped the financial world and the trading industry with their trading and life philosophies and long careers of high financial performance.
This famous trader was born in 1930 and began his financial career at Singer and Friedlander in London after escaping Nazi-occupied Hungary during World War II. He worked at a series of financial firms until he established Soros Fund Management in 1970.
He rose to international fame in 1992 as the trader who broke the Bank of England, netting a profit of $1 billion after short-selling a reported $10 billion in British pound sterling (GBP). On Sept. 16, 1992, the U.K. withdrew the currency from the European Exchange Rate Mechanism after failing to maintain the required trading band due to Soros’ trade, solidifying a day known as Black Wednesday in history.
Stanley Druckenmiller grew up in a middle-class suburban Philadelphia family and began his financial career in 1977 as a management trainee at a Pittsburgh bank.6 7 He quickly rose to success and formed his company, Duquesne Capital Management, four years later.
He worked with Soro on the notorious Bank of England trade, which launched his rise to stardom. His fame intensified when he was featured in the best-selling book, The New Market Wizards, published in 1992.
Andy Krieger joined Banker’s Trust in 1986 after leaving a position at Salomon Brothers. He acquired an immediate reputation as a successful trader, and the company rewarded him by increasing his capital limit to $700 million, significantly more than the standard $50 million limit. This bankroll put him in a perfect position to profit from the Oct. 19, 1987 crash known now as Black Monday.