The forex market is the largest financial market in the world. This is a market where people trade currencies and gain high profits. You may be amazed to know that around 5 trillion US dollars worth of transactions takes place every day on forex. The dynamic nature of the forex market and a wide range of opportunities attract investors and traders to dive into this ocean of currencies.
The richest forex traders have earned a significant amount of profits by trading forex. It is not just mere luck that makes a forex trader successful. Continuous practice, consistency, and a plan to be successful in this journey play a vital role in a forex trader’s success. In this article, we will mention the richest forex traders in 2022.
1- George Soros
George Soros is sitting at the top position having a net worth of about 8 billion US Dollars.
Soros started his trading career when he was studying in school. He designed a very different strategy that ultimately led to his success. He took the positions of high leverage based on the movement of currency rates.
In 1992, during the famous Black Wednesday crisis, he follows that strategy and took a short position against the U.K pound. His strategy precisely and correctly predicted certain factors that would lead the Bank of England vulnerable. The trade profited him over 1 billion dollars. Since then, he has accumulated a wealth of $8 billion. This made him the richest forex trader in the world.
2- Paul Tudor Jones
Paul Tudor Jones is in the second position in the forex market. His current net worth is about $4.5 to 5 billion.
He graduated from the University of Virginia in 1976. After graduation, Jones has many opportunities presented to him. He was even offered to attend Harvard Business. Jones refused to accept the opportunity; instead, he decided to work in commodity trading. This was a smart choice.
During 1987, market crash Jones decided the option to short and made more than 100 million US dollars. After that, he founded his investment corporation that concentrates on the fluctuations of the interest rates in the forex market. He is still the second richest forex trader in the world with a net worth of around 4.5 to 5 billion US dollars.
3- Joe Lewis
Joe Lewis is the third richest man in forex trading. He has a current net worth of about 5 billion USD.
He started working at the age of fifteen years to help his family’s catering business. When Lewis inherited the business, he sold it and started his forex trading journey
This decision turned out to be highly profitable. During that fateful day in 1992, Lewis worked with George Soros. He was very successful and able to earn $1.8 billion. Today, the net worth Lewis is worth around $5 billion.
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