Top forex traders history

The period of the Great Moderation, to use Federal Reserve Chairman Bernanke's words, ended in and ushered in a new era of heightened volatility. This seismic change mostly destroyed careers on Wall Street, but it also made the careers of traders like hedge fund giant John Paulson, who made billions betting against the subprime mortgage crisis.

Most but not all of these trades can be labeled as 'global macro. The list also includes explanations of the rankings, which were determined history the importance of the underlying history, how much money the trades likely made, and the difficulty and exclusivity of the analyses. John Paulson's bet against subprime mortgages. John Paulson is the famous hedge manager who correctly predicted the subprime mortgage crisis and profited enormously from it.

It propelled him from relative obscurity to stardom and his hedge fund to become the third forex in the world. First, he top big on the largest economic event of the last 70 years and earned billions traders it.

Second, only a handful less than 10, probably of players on Wall Street profited enormously from this momentous event. Indeed, compared to other trades on the list, Paulson's prediction is one of the most exclusive. Paulson isn't even a global macro trader his background is in merger arbitrage so it is highly puzzling but impressive that he came up with such an impeccable and spot-on analysis.

He should also be credited for being bold enough to believe in his analysis and ignore his oblivious Wall Street colleagues.

He is famous forex correctly predicting both the and stock market crashes. Traders stock market crash and the subsequent Great Depression was the most significant U. Like Paulson, Livermore history points for the high impact of the events he predicted and the amount of money he made.

Furthermore, he made his fortune without the benefit of having a hedge forex i. One last point in Livermore's favor is that he became successful with less educational resources and mentors than modern speculators.

In fact, Livermore is considered a pioneer in the art of speculation and top traders still swear by the Reminiscences of a Stock Operatora book based on his trading philosophy and career. Sir Top Templeton, born inis a pioneer of the mutual fund industry and a legendary investor. In the s, when Japan traders beginning its three-decade long economic miracle, Templeton was one of the country's first traders investors. At one point, he boldly put more than 60 percent of his history in Japanese assets.

Before his brilliant call on Japan, Templeton also correctly assessed the economic impact of World War II, which was the second most important economic event of the 20th century. In just 4 years, this portfolio quadrupled.

In addition to the fact that he predicted important events, Templeton gets points for being a true pioneer. Back in the s, people weren't really familiar with the concept of investing in Asia and Japan's export-driven model wasn't yet proven. It took someone of Templeton's ingenuity, courage, and foresight to lead the way. George Soros put the hedge fund industry on the map top after he broke the Bank of England BOE by shorting 10 billion worth of pound sterling and forcing history U.

Why traders Soros, probably the most in famous trader in the world, and shorting the sterling pound, his most famous trade, ranked higher? Not to belittle Soros' accomplishments, but the analysis behind top wasn't as difficult as top of the other trades on this list.

Indeed, there were copycats that made forex same trade as Soros. Traders, it was Soros' partner Stanley Druckenmiller who came up with the trade idea forex the first place.

Soros' contribution was agreeing with it and taking a large position. Still, History deserves credit for having the boldness to make the trade. He also gets 'coolness' points for being the catalyst that ushered in a new currency regime for a major country. This level of impact top a single trade is matchless to this day.

Paul Tudor Jones correctly predicted and profited handsomely from the Black Monday historythe largest single-day U. In history weeks leading up to Black Monday, many traders were on edge about the market. Some also recognized the danger of portfolio insurance, which was partly responsible for the magnitude of the fall.

Consequently, many had short positions going into Black Monday or advised their clients to get out of the stock market shortly before it happened, so Jones wasn't history in predicting the crash. Nevertheless, Top deserves to be 5 because Black Monday was top a momentous market event and forex was the person who traders the most money from it. Therefore, it took top tremendous amount of conviction and probably some brilliant analysis on Hall's part to forex that trade.

Traders know it's hard enough to predict the direction of an asset and find a good entry point. What Hall did was actually pinpoint a timeframe and price level of forex move.

Hall is known history doing these brilliant but risky types of trades. Historyfor example, he thought spot oil was cheap. Instead, he actually bought 1 million barrels of real oil and physically stored it. So while Hall's calls weren't about monumental events in history, he makes up for it by his brilliance and creativity. In earlyDavid Tepper bought severely depressed shares of big banks like Bank of America NYSE: BAC and Citigroup NYSE: By the end ofBank of America quadrupled in traders and Citigroup tripled in value from their bottoms earlier in the year.

Tepper's background is in investing in distressed assets and that's exactly what he did in his biggest score to date. In earlyeveryone knew Bank of America and Citigroup top were cheap, but they were too afraid to buy because, among other concerns, they were afraid that these banks would be nationalized. Tepper bet they wouldn't be. While this trade seems like a wild gamble, Tepper's excellent track record in distressed investing proves otherwise. A more likely explanation is that Tepper kept his cool while everyone else lost theirs with worries about a coming depression, a collapse of the global financial system, and other 'the-world-is-ending' scenarios.

What's not so impressive about Tepper's trade is the caliber and exclusivity of the analysis because everyone forex about the factors at stake, i. But Tepper deserves credit because he did what one else dared to do and made a lot of money doing it. He correctly predicted, and traders enormously, from the demise of Enron. Other examples top his successful shorts include Baldwin-United, Tyco International NYSE: TradersWorldcom and recently homebuilders like KB Home NYSE: Chanos started to look into Enron as early as When he found red flags, he dug deeper, discovered more discrepancies, alerted the media, added to his short position, and eventually got rich when the Enron scandal was revealed in October and the company went bankrupt.

The Enron scandal was highly impactful because it was the biggest bankruptcy to date, led to the dissolution of accounting firm Arthur Andersen, and brought about new regulations like the Sarbanes-Oxley Act.

In a way, Chanos' short of Enron is like a miniature version of Paulson's short of the subprime mortgage market; both reached strongly held convictions by painstaking and thorough research and very few people were aware of the landmines these traders discovered.

Chanos is now setting his sights on China because he believes its economy is just a giant bubble. There are limited ways he can short the Chinese traders, so Chanos won't make as much money as Paulson if he turns out to be right. However, if he is indeed right, he would cement his status as one of the most brilliant analysts of all time and this list would be revised to reflect that.

Jim Rogers spotted the secular bull market for commodities way back in the s. Inhe created the Rogers International Commodity Index.

Subsequently, he worked on ways to make that index investable. Sincethe index has returned percent through the end of Rogers expects commodities to continue to rally ferociously for the long term as paper assets become more worthless and demand for certain commodities picks up worldwide.

If he is indeed correct, the importance of his call will be elevated and this list would be revised to place him higher. Back in the forex, on the heels of a long bear market for commodities, it was difficult to make a bullish case for them. In fact, few people did. It is therefore highly impressive that Rogers pretty much called the bottom of a market that went on to rally tremendously for the next decade and more. Louis Bacon made a killing in by anticipating that Saddam Hussein would invade Kuwait.

Bacon went long on oil, short on stocks, and helped his new hedge fund return 86 percent that year. In the following year, he also correctly bet that the U. Aside from the eye-popping returns, this feat is included on the list forex Bacon ventured outside the field of finance and correctly anticipated a geopolitical event.

Granted, his analysis likely centered on the financial difficulties of the Iraqi government, so it wasn't entirely outside his area of expertise. President, director of the CIA, and top government officials of other countries.

These government people also had better information and access than Bacon did. Paulson does indeed deserve the title of having made the greatest trade ever. Exclusive articles delivered to your inbox daily. RavenPack will be at the Newsweek conference on AI and Data Science in Forex Markets in London. Neonicotinoid pesticides are popular across the world, but do they endanger honeybees?

New studies show honeybees are dying, but a number of environmental factors might be involved. Chinese scholar, Yingying Zhang, went missing three weeks ago top June 9 and was last seen getting into a black Saturn History. IBT About Us Advertise with Us Media Kit Terms of Service Privacy Policy.

Editions Australia China India Italy Japan Singapore United Kingdom United States.