Most currency traders avoid the limelight, quietly building profits, but a select few have risen to international stardom. These well-known players have broken the mold, posting incredible results over long careers. Read more on the topic, here: These traders have led by example, by taking meticulously calculated risks.
Some are surprisingly humble while others flaunt their success, but all of these successful traders share an unshakable sense of confidence, which guides their financial performance. He worked at a series of financial firms until he established the Soros Fund Management in On September 16, , as a result of this trade the United Kingdom withdrew the currency from the European Exchange Rate Mechanism after failing to maintain the required trading band. This event is now infamously referred to as Black Wednesday.
This incredible trade was a highlight of his career and solidified his title of one of the top traders of all time. Soros is currently one of the thirty wealthiest individuals in the world. Stanley Druckenmiller grew up in a middle-class suburban Philadelphia family.
He began his financial career in as a management trainee at a Pittsburgh bank. He quickly rose to success and formed his company, Duquesne Capital Management, four years later. Druckenmiller then successfully managed money for George Soros for several years. In his role as the lead portfolio manager for the Quantum Fund between and his career flourished.
Druckenmiller also worked with Soros 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 In after surviving the economic collapse , he closed his hedge fund , admitting he was worn down by the constant need to maintain his successful track record.
Krieger focused on the New Zealand dollar NZD , which he believed was vulnerable to short selling as part of a worldwide panic in financial assets. He applied the extraordinary leverage of Bill Lipschutz started trading while attending Cornell University in the late s. This loss taught him a hard lesson on risk management that he carried throughout his career. He has held the position of director of portfolio management at Hathersage Capital Management since He subsequently joined Commodities Corporation as a trader, booking millions in profits and gaining a solid industry reputation.
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