Maybe some of you, as a new trader, have known several successful trader stories. As we know, forex trading is an investment in trading currencies from different countries to make a profit.
Having abundant profits and becoming a professional trader in the forex market is certainly the dream of millions of traders in this world, including you. Trading without profit is nothing. The goal of learning something is to gain something.
All the success you want to achieve will be the real fruit of every willingness to keep learning and trying, including when you become a forex trader. There is nothing wrong with making a profit, including in a relatively short time.
But the most important thing to understand is that achieving profit in forex trading requires consistency and continuity so that your target can be achieved. To achieve their goals, a successful trader will continue to practice his trading skills to become better.
Not all famous traders come from economists. Each of them has a professional background that is much different from their current profession as a forex trader. This story will absolutely motivate you.
The World-Famous Celebrity and Successful Trader: Michelle Williams
Michelle Williams is a world-famous celebrity who is famous for her roles in various films, one of which is The Greatest Showman. Thanks to her expertise in acting, Michelle Williams has been nominated for an Oscar twice.
But did you know that Michelle Williams is the daughter of Larry Williams who is the most famous trader who created the William %R indicator. Michelle is recorded to have won the world-class futures trading championship in 1997.
She managed to record a return percentage of up to 900 percent. It is the third-highest number in the trading contest history. She is the first female winner in the contest organized by Robbins Trading Company. She has been a successful trader since high school.
A Successful Trader Who Failes to Earn Ph.D. in Economist: Bruce Kovner
Bruce Kovner is one of the world's most famous traders who has failed to earn a Ph.D. in economists from Harvard University, become a writer, and even drive a taxi. But that failure did not discourage him to start his first trading in 1977.
According to the market analyst of Didimax forex broker, Konver almost failed in his first trade. He realized that he was very tense when trading and neglected risk management, something he was not familiar with at that time.
In the continuation of his trading career, Konver worked as a trader for Michael Marcus at Commodities Corporation (now part of Goldman Sachs), and at that time he was estimated to have made millions of US dollars in profits.
Since then, Kovner began to be respected and known as an accomplished commodity trader and he dared to establish Caxton Associates in 1983 and has managed funds of more than ten billion dollars.
The Most Famous Successful Trader: Bill Lipschutz
Bill Lipschutz is a forex trader who has recorded a fantastic record in trading which has even made him experience a very large loss. Bill had just managed to grow his investment of $12,500 to $250,000 and had to give up most of them.
However, this did not discourage Bill and he also admitted that the failure in his trading at that time was caused by a lack of discipline in applying trading methods. The best forex broker like Didimax will help you anticipate the occurrence of similar mistakes.
Bill also focuses on trading discipline and does not even forget to improve risk management and minimize losses according to his tolerance limit. Starting from testing strategies that support optimizing risk management, diversifying in several forex pairs, to implementing risk/reward ratios.
Everything has been done by Bill Lipschutz until now, he is one of the successful forex traders who has been recognized by the world. Of course, the stories of this story will always provide inspiration and motivation for us.
We have to constantly improve our knowledge and experience to achieve our dream profit and success targets. Because for those who are diligent, there is always a chance to become a successful trader.