10 Best Forex Traders To Follow
By Space Coast Daily // February 19, 2021
You cannot get far in the trading game if you read some free articles online on how to trade. Some may argue that you are getting much more value from reading free articles than following a forex mentor who doesn’t really know what they are talking about.
At the very least, the articles are free and serve as a solid starting point for people who want to get into a trading game. The question then is who are the best Forex traders to follow?
In an ideal world, you can just read a book about surgery and go on to do three heart transplants back-to-back. But sadly, the world doesn’t work that way. In most professions, you would need to take up an apprenticeship, an internship, or otherwise go through a training program to familiarize yourself with the system. The same applies to trading.
The problem with mentors is the fact that most of them lack experience. They are failed traders who want to make money by selling dreams and wishful thinking to gullible beginners. Having the right mentor to follow would expedite your learning experience.
The problem is that the quality of your learning is only as good as the mentor. So, if you follow a failed trader, chances are that you’ll end up losing more money due to unprofitable trades and paying the mentor.
For this reason, finding the right traders to learn from is paramount to your success. But where to start? Who to trust? We’ve got you covered. The traders we recommend here are actual traders with respectable experience in the game and achievements to their names. Forex Mentors who only stick by the books aren’t worth following since they lack practical experience.
Here are the 10 Best Forex Traders To Follow:
In such a list, Soros deserves to be in the top spot as he is known to be the best Forex trader in the world. His plethora of achievements includes him making a lot of money in the financial market in a short period of time.
One of them took place in 1992 when he profited USD 1 billion in a single day and with only a single operation. In response, the United Kingdom excluded the pound sterling (GBP) from the European exchange rate mechanism entirely. This event is known as the Black Wednesday.
George Soros has also written many books on Forex, so give them a read so you can understand how he sees the Forex world. To this day, he is still one of the most successful Forex traders in the world.
Stanley is an acquaintance of George Soros and he also has plenty of experience in the Forex market. He started his career in financial marketing in 1977. He was a leader in managing George Soros’ Quantum Fund portfolio for 11 years, with great success. From there, he went on to create his own hedge fund known as “Duquesne Capital Management. He has also published a book titled “The New Market Wizards”, which you can check out as well.
Bill has always been fascinated by the stock and forex market. He started his career in the stock market, with USD 12,000 and a dream. A few months down the line, it turned into USD 250,000. He was an avid reader as well, so his knowledge of the market is vast. But as luck would have it, his stock profits melted and he decided to jump to the Forex market because he believed it is more stable. Nowadays, Bill Lipschutz is known to generate over USD 300 million in a year.
George Van Der Riet
His story started when he started to learn more about the Forex market before he jumped into the game. He has a humble beginning as he was born and raised in Cape Town, South Africa. He has plenty of experience under his belt. He studied Finances in Manchester and worked in various financial institutions such as banks, all of which are involved in the Forex market. All of his helped him to become one of the most successful Forex traders to this day.
Right now, George and Sandile Shezi are leading the Global Forex Institute with the goal to help people in South Africa to give them a better understanding of the financial markets as well.
Bruce was born in Brooklyn, 1945. He dabbled in various markets and made his first deal at the age of 32. He bought soybean futures that netted him USD 20,000 in profit. He went on to consolidate his reputation in the market further when he started working as a trader at Commodities Corporations.
In 1983, he founded Caxton Alternative Management, which is known as one of the most successful funds in the world. That fund alone is worth more than 12 billion dollars in assets, which cemented his position to be one of the biggest traders in the Forex market.
Andrew Krieger also used to work with George Soros. He graduated from the Warton Business School and made a name for himself after he made a profit of USD 300 million from selling the New Zealand dollar back in 1987. A year after that, he worked with Stanley Druckenmiller and George Soros in his investment fund in the next year.
Linda started her trading career in the early 1980s, worked at the Pacific Coast Stock Exchange, moved on to Philadelphia Stock Exchange, then continued on as a day trader 6 years after. Suffice to say, she has plenty of experience in the game. Currently, she is the president of the LBRGroup Incorporated and LBR Asset Management, as a commodity trading advisor and commodity pool operator respectively. She has also written a book on high probability trading strategy as well.
Raghee is a respectable contributor to John Carter’s Simpler Trading. She specializes in Forex, currency ETFs, and Futures. She started her trading career back in high-school when she drew charts and calculate all the indicators by hand. Her technical analyses, skills, and overall enthusiasm made her a well-known Forex trader. In fact, she is the creator of the famous 34 EMA wave method.
Kathy Lien started her career after graduating from the New York University Stern School of Business. She started working at Wall Street and spent 13 years dabbling in the financial market, focusing primarily on the G20 currencies. She started out at JPMorgan Chase, then joined FXCM. In 2008, she moved to Global Futures & Forex Ltd. Suffice to say, Kathy has a lot of experience in the Forex market.
Kathy also wrote and published an international best-selling book titled “Day Trading and Swing Trading in the Currency Market” and another one called “The Little Book of Currency Trading and Millionaire Traders: How Everyday People Beat Wall Street at its Own Game”, which is worth a read.
Last but not least, let’s talk about Ezekiel Chew. There is a lot to discuss considering that he has a lot going on for him. If you have been in the trading game for a while, you might have heard of him since he usually makes an appearance in trading expos and events around the world, for very good reasons. For one, he is a savvy trader who has been in the game for over 20 years. He has plenty of achievements as well, including:
■ Turning 950% ROI in 2 weeks
■ Turned a $24k capital to $300k (1250% ROI)
■ Once made $159,432.25 in a day
■ Made $100k in a matter of hours during the Trump Presidential Election
Suffice to say, he knows his stuff when it comes to trading. He managed to get this level of achievement thanks to his proprietary trading system. What makes Ezekiel unique is the fact that he makes it so easy to follow him around and learn from him. In fact, he has an online trading school called Asia Forex Mentor.
And there you have it, the 10 best Forex traders to follow and learn from. Of course, there are countless others that you can learn from but the 10 above would be a great place to start as they have extensive experience in the Forex game and can offer some very useful insights.