What is the best Forex Trader in 2019?
- Forex Trader
- Jun 16, 2019
- 2 min read
What is the best Forex Trader in 2019? There are plenty of famous Forex traders who have made billions through their canny Forex trading. Some of the most obvious names are George Soros , Andrew Krieger , Bruce Kovner. These guys have all made huge profits from trading Forex. Importantly much of their fame and wealth was from individual trading decisions. George Soros made $1bn after shorting GBP in the early nineties. Andrew Krieger made hundreds of millions from short trading the New Zealand dollar in the late 80's. These are long term position based trades that worked very well for these traders. If you are looking to learn from these top traders so that you can improve your own trading then there is only limited cross over between the type of trading George Soros or Andrew Krieger do compared to the average home Forex trader. These pro traders had huge trading accounts and based their key trades on fundamental analysis. The ability to position vast sums of money in the market and ride out any short term losses also massively helped their trades. Most Home Forex traders are not able to do this.
If you are a home Forex trader then you are better off looking for current or ex Forex traders, who are familiar with shorter term trading with smaller accounts. There are many gifted Forex traders at banks who trade with accounts in the millions of dollars who trade in a more similar way to home Forex traders. An account of a few million dollars may sound a lot but it is small when you consider that around 5 trillion dollars is traded in the Forex market every day. Some of these traders are exceptionally talented but because they work for banks their names are not usually made public.
Some traders do leave the comforts of a bank and start trading their own funds but usually they prefer to remain anonymous and focus on making money rather than becoming famous.
If you are looking to tap into the knowledge of a professional trader then there are some FX mentors and Forex courses taught by ex Bank traders or Hedge fund managers. A google search will bring up a few. The best course that I have seen was from the Zero to Pro Forex School. This school seems to be run by an ex investment manager in London. This could be a good route to getting some inside knowledge on how a pro Forex trader operates and the strategies they use.
There are also many different ways that home traders can benefit from the experience and knowledge of a pro trader. If you are looking to trade on your own then I wish you the best of luck and hope you can find pro trader to help you out. I personally recommend you to read more about our Megadroid Forex Trader. Best available software for you in 2019!
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