In the trading business, the chances of making a profit are always 50/50. Eventually, you are bound to lose sooner or later. So what makes the difference between a successful trader and a failed trader is not their merit or luck. It is their great desire that drives them to turn around against all odds and overcome the situation. Most of the successful traders in the world are from the middle class or lower class. They faced poverty and hunger in their early lifetime. It makes them always hungry to succeed, alert about failure or bankruptcy, cautious about trading, and sensitive to money. They develop an insight for investment. Become stable in dicey situations and bold decisions if necessary. If you take a look at the biography of the richest trader, it will be clear.

1. George Soros

George Soros is famously known for the role of breaking the bank of England. He was born in a poor family and raised in a nazi concentration camp. To pursue his dream to become a successful trader he moved to England at the age of 17. Back then he worked as a railway porter and waiter in a restaurant. In 1969 he began to manage his client’s money from a hedge fund and now he owns a hedge fund worth 8.3 billion dollars. You can know more about richest traders in https://safetradebinaryoptions.com/a-ranking-of-the-richest-traders.

2. Carl Icahn

If you want to invest something then losing your investment is always at the stake. but how many investors can turn around and see the profit? Well that's the difference between Carl Ichan and any typical investor. in 1992, he faced bankruptcy but within a year he came out of it. He also relies on his investment in diversity. His net worth is more than 17 billion.

3. Ray Dalio

Ray Dalio started earning himself when he was only 12. He grew a passion for trading because most of his clients were from Wall Street. He started his firm from his two stored bedrooms in 1975 in New York and succeeded in the mid-80s. By 2011 he became the most successful investor in the world.

4. David Tepper

Born in Pennsylvania, David Tepper started his career as a credit analyst. During his freshman year, he gathered knowledge of the credit system in depth. Later he began to buy bonds from the banks which were about to sink and when those banks survived he made a huge profit out of it.

5. James Simons

Completing a Ph.D. only at the age of 23 in mathematics, James Simons invested successfully his passion for mathematics in the trading business. He formulated a theory called quantitative analysis to predict any change in financial instruments.

6. Bill Lipschutz

Bill Lipschutz is a New York-based forex trader. After graduation with an MBA in finance, he joined Solomon Brothers bank. During his stay, he achieved 900$ million over three years. Then he formed his firm to handle assets associated with currency.

7. Joe Lewis

Joe Lewis was born in the UK in 1937. now he lives in Bahama. he owns a share of various types of industry like sport, media, restaurants, factories but mostly he thrives into forex trading. when he started his father's business at the age of 15, he quickly turned it into profit then sold it to pursue his forex trading. he is also known for collaborating with Soros in 1992 for breaking British currency.

8. Bruce Kovner

While working as a cab driver in 1977, Bruce Kovner first discovered commodity trading. He initially invested 3000$ in soybean futures from borrowed money and made 23000$ a fortune out of it. then he started as a commodity trader as a full-time job in corporations and made a profit of over a million dollars. now he is the chairman of CAM capital.

9. Martin Schwartz

Like any other successful trader, Martin Schwartz had also great ambition. he left his luxurious job where he made $100,000 to buy a seat on the new york stock exchange. He made a fortune of $1.2 million in his first two years trading stocks and options.in 1984 he won the US investing championship for forex pairs trading.

10. Andrew Krieger

Andrew Krieger always used to make the diciest decision in forex trading and most of the time he came out of it successfully. In 1987, he bet against the New Zealand dollar(NZD) when everyone overestimated it and made so much profit that it exceeded NZD’s total supply value. His charismatic investment profited $300 million for his firm. “Money comes, money goes”.you can’t have it your whole life. but if you can take control of it by passion, determination, hard-working, honesty as they had then who knows you can become a billionaire.