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Best Forex Traders in the World

Want to learn more about the best forex traders in the world? Click to read more in our article about some of the most iconic traders.

All forex traders want to follow one outcome – to become successful in trading and make a valuable profit as the best forex traders in the world. In this article, we look at some of the world’s most famous, successful forex traders today to inspire those new to the trading market and the experts who are quickly following suit.

George Soros

Standing as the world’s best currency trader, the Hungarian trading connoisseur was born in 1930 and is best known for his 1992 trade on GBP, becoming the known expert who broke the bank of England. Worth more than 25 million at 91 years old, George Soros is still very much active in the financial market, but in recent years he has focused on philanthropic work rather than trading himself.

His incredibly successful firm generated $22 billion in profits in August 1998, 25 years after establishing the company. Following his iconic trade, the UK withdrew the currency from the European Exchange Rate Mechanism after failing to maintain the necessary trading band due to Soros’ trade, a day that would become remembered as Black Wednesday in history.

Stanley Druckenmiller

As a successful portfolio manager, Stanley Druckenmiller is one of the featured best forex traders in the world. Working closely with George Soros in previous years, he was involved in the famous bet against the pound. He became more famous and known to the market when he was featured in the best-selling book, The New Market Wizards, published in 1992. After 20 years of working with Quantum Fund, he left to start his fund, named Duquesne Fund, returning more than 20% annually.

Despite a major setback during the 2008 financial crisis, today Stanley is worth more than $3.1 billion. He is very much still active in the trading industry, taking part in interviews and credible financial events every year.

James Simmons

You may know James Simmons as one of the most influential hedge fund managers across the globe, quite possibly the ultimate out of everyone in the role. Renaissance Technologies, his quantitive hedge fund that employs statistic and physics experts, returned more than 80% in 2008, despite other traders experiencing their worst year in history.

The company operates two main funds, one being public-to-public money while the Magellan fund is a closed-end fund, that uses in-depth mathematical calculations and formulas to find the best trading opportunities. Renaissance Technologies has achieved an annual growth rate of more than 20% per year.

Bill Lipschutz

Famous for turning a $12,000 investment into $250,000 only to lose it all, Bill Lipschutz lost everything just from following one trading decision, emphasising the importance of risk management.

After realising his mistake, he headed back to school to earn an MBA. Bill then joined Solomon Brothers and used his previous experience to attract more than $300 million every year for the company. After this, he focused on establishing Hathersage Capital Management, which now stands as one of the most successful multi-asset management firms.

Bruce Kovner

Keeping a low profile, Bruce Kovner is another triumphant hedge fund manager who founded Caxton Associates when he was just 32 years old. His trading journey began by borrowing funds from his credit card to purchase soybean futures, which made more than $20,000. His company today is worth more than $14 billion in assets under management. After retiring in 2011, Bruce often attends charitable events and organisations, sitting on several boards and committees.

Start your journey with Financial Markets Online

The history behind these influential traders is unforgettable, and many aspiring forex traders of today can learn a lot from their ambitious grind in the trading market. If you’re searching for inspiration, start with Financial Markets Online and our range of forex training courses. Get in touch with us today to find out more about the best forex traders in the world. 

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