The Six Best Forex Traders in the World

Whether you are completely new to Forex trading or an experienced trader on the foreign exchange markets, all Forex traders share one key aspiration: to become a successful trader.

In order to provide you all with some inspiration, in this article, we take a look at six of the best Forex traders who were able to become extremely successful on the currency markets. Furthermore, we will also provide you with some tips to help you become a successful Forex trader yourself! So, who are the most successful Forex traders in the world?

How Many Forex Traders Are Successful?

Before we start our list of the best Forex traders, how many people who enter the currency markets actually go on to become successful Forex traders?

You may have heard different statistics from different sources stating that the number of people who become the richest Forex traders is extremely small, relative to the number of unsuccessful ones.

However, accurate data on this exact topic is difficult to come across because of the decentralised nature of the Forex market.

The data that is mostly available from Forex and CFD firms indicates that it's not common for people to become incredibly successful Forex traders, as most people stop trading as soon as they begin losing money above a certain threshold.

However, there is very little doubt that the most successful traders are a part of an elite and small group.

Trading Skills Shared by Successful Traders

By looking at this elite group of successful and famous traders we can see that they have some things in common.

• Discipline: the ability to create a trading plan and stick to it
• Risk Management: understanding the potential risk of every trade and implementing the right tools to minimize this as much as possible
• Courage: the confidence to trust in their work and analysis
• Shrewdness: the ability to judge how perceptions are shaping the market trends at any

It might seem challenging to develop all of the characteristics listed above. However, in the long term, these are some of the most important traits for trading.

Whilst it's guaranteed that you will make mistakes and, consequently, losses - one important thing is that you learn from these mistakes in order to grow and develop as a Forex trader.

So, let's dive in and find out which professional traders display these characteristics and others, on our list of the most successful Forex traders in the world!

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