5 best traders of all the times.

Another inspirational review for our students and readers will be about the stars of trading, the best traders of all time. Enjoy 5 stories of people who have made fortunes due to their brilliant talent, patience, and strategic approach. 

George Soros

This man earned the moniker of a breaker of the Bank of England. The trader earned 1 billion profit after his short sale of $10 billion worth of pounds in 1992. This deal made him a Wall Street legend. The enormous selling pressure hit the sterling. The expert considered the UK rates too low and the level of inflation too high. 

Nick Leeson

This rogue trader is known for causing the collapse of the UK-based Barings Bank. He then served a term of 4 years in a Singapore jail but later bounced back and became the CEO of the football club Galway United in Ireland.

Richard Dennis

This expert made his fortune in the financial world as a commodity trader in Chicago. His speculative deals brought him 200 million in profit over 10 years. He is also known as a co-founder of the mythical Turtle trading experiment. 

Louis Bacon

The financial wizard is known for being the first one to foresee Saddam Hussein would invade Kuwait in1990s. He played long on oil and short on stocks and earned a return of 86% for his hedge fund as global supply stopped. As a result, the prices of stocks dropped, and oil prices skyrocketed. Bacon also predicted that the US army would defeat Iraq and the subsequent recovery of the oil market. His accurate predictions of the major market events earned numerous investors for his fund and resulted in a 35% annual return for 13 consecutive years.

Jesse Livermore

This legendary speculator accurately predicted two significant crashes in the stock market in 1907 and 1929. The collapse of 1929, also known as the Great Crash, caused the following Great Depression. The expert predicted that the US assets would stop gaining value and decided to short almost the entire stock market. The decision earned him a fortune of 100 million. The expert is considered now to be an innovator of speculation. Beginning traders learn his experience, approach, and vision in the book ‘Reminiscences of a Stock Operator’.