Top 5 Successful Forex Billionaires
The Forex Market is increasing in popularity, growing over 300% in the last 15 years. As more and more people are taking to this investment platform to build portfolios in the hopes of making millions, we have our eyes set on the billions. Many have made their millions in this financial sector, and many are still profiting, but very few have amounted to be worth billions.
Foreign exchange is a very risky investment that requires patience, persistence, and discipline; you have to learn not to give up. Those who have made millions and even billions have all made it, and they have all lost an unimaginable amount of times. They lost a lot of money but giving up wasn’t an option. With every fall comes a lesson learned. These lessons are what separate the amateurs from the professionals. Master these traits of extremely successful investors.
You can learn a lot from the following list of not millionaires but billionaires who have built empires from trading forex. Study their ways of life, styles of trading, and anything about them you find interesting.
This is the countdown for the Top 5 Successful Forex Billionaires
#5. Jesse Livermore
Jesse’s story is a little different in that he was the most successful Forex millionaire in currency exchange history. You’ll see why he’s on this list. He started early placing his first Forex trade at the age of 15 years old and was a multi-millionaire by the age of 30. He didn’t become legendary until after making $3 million in one day; this was back in 1902.
He single-handedly caused the Forex market crash in 1902, which in 2016 that same $3,000,000 is worth over 80 million dollars (in one day.) Then in 1929, when the entire stock market crashed, starting the Great Depression, Jesse made $100 million in profit. Comparing the difference in inflation from 1929 to 2016, $100 million dollars is worth over $1.4 billion. Forex billionaires don’t get lucky, they get smart. Everything is strategic.
“If you can count your money, you don’t have a billion dollars.”
– J. Paul Getty