Every forex trader whether they are a beginner or a veteran has a single goal in mind which is to become a successful forex trader someday.
Many traders who have officially made it on the forex markets come forward with their forex success stories and share what they did to become successful at their craft.
Reading their stories is sure to give you valuable insight into their minds and how they work. So let us look at ten such success stories of notorious forex traders.
People in the trading industry look up to George Soros and have dubbed him The Greatest Forex Traders Of All Time.
George is regarded as a legend for his iconic feat of securing a profit of more than £1 billion from his short position which refers to the practice of buying low and selling high to make a profit on the change in that particular assets price.
On top of that, George was able to do all this before the famous Black Wednesday of September 1992 when the pound sterling currency fell to a dangerously low value.
Soros was sharp enough to read the situation and take decisions on his investments accordingly. His decision to go short earned him a handsome profit and recorded his name in forex history.
What you can take away from George Soros success story is to keep your eyes and ears open at all times and keep up with all relevant current affairs that are happening in the countries of the currencies that you are trading in.
The Black Wednesday witnessed the pound sterling losing against the Deutschmark miserably which led to many people losing their money as the pound sterling fell in value.
Therefore, keeping up with all relevant occurrences around the world is a must for any forex trader if they want to be successful one day.
If you do that then who knows maybe the next George Soros could be you!
