The most famous traders ever
Whether it’s through a successful dive into the Forex market or the stock market, there have been some incredibly successful traders over the years, all of whom have managed to survive and thrive in their respective areas and earn a great deal of recognition along the way.
In order to become a successful trader, you certainly need to have extensive knowledge in a particular area and develop a thick skin, given the triumphs and tragedies that typically come a trader’s way. While the lifestyle can be mightily appealing to some, such as visiting high-end restaurants and being on first-class flights, alongside being able to frequent major shows and sample NetEnt’s casino games on a diamond-encrusted smartphone, it’s an incredibly tough area to succeed in on the whole. Some people have it, while others simply don’t.
While traders don’t often become household names, many can become famous within the sphere for their different trading style or their detailed technical analysis, alongside a range of other factors. Over the years, there have been some respected names who became renowned for their market prowess in particular. While many had mixed journeys to the top, they all got there in the end. With that in mind, let’s take a look at some of the world’s most famous traders ever.
William Delbert Gann
A trader who was alive between 1878–1955, William Delbert Gann became famous for his unique forecasting methods. Using a selection of technical tools, he largely based his success on the clever theories he used around geometry, astrology, and ancient mathematics. Using the likes of Gann fans, William Delbert Gann became a respected name in the space, going on to write books and offer courses for aspiring traders.
The founder of the renowned hedge fund Appaloosa Management, David Tepper has contributed towards the growth of traders in the world with a number of important pieces of information around distressed debt investing after speaking about his own experiences in this particular area. Tepper is regarded as a specialist in his field, occasionally appearing online offering golden nuggets of information, while also being seen on CNBC frequently, with traders everywhere hanging on his every word.
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Known as “The Man Who Broke the Bank of England” after yielding a massive $1 billion profit after selling $10 billion worth of pounds, Hungarian national George Soros was the chairman of Soros Fund Management, one of the most famous and hugely successful firms in the history of the hedge fund industry. While Soros came from humble beginnings initially, he soon grew into one of the industry’s most respected names given his impressive business decisions.
Paul Tudor Jones
After founding the Tudor Investment Corporation, which has since gone on to become one of the most prominent and successful hedge funds on the planet, Paul Tudor Jones became a name on everyone’s lips. The respected trader went on to make around $100 million from shorting stocks during the 1987 market crash, as well as assisting in a number of other hedge funds and offer a great deal of knowledge to emerging traders.
An instantly recognizable name in the industry, Jesse Livermore was an American trader with a great deal of knowledge when it came to building earnings. In fact, Livermore pulled in massive sums of money, taking his fortune to over $100 million after he shorted the market crash in 1929. Sadly, though, Livermore’s clever decisions ran out after he lost all of his money in 1934 and then committed suicide in 1940. While Livermore’s life came to a tragic end, his expertise in stock trading was evident.