Speculators who conquered the world market

Speculation can bring fabulous fees for those who know how to trade correctly and know market trends. In this article I would like to mention people who have been able to make a decent living just by speculating.

George Soros

Итак, возглавляет список Джордж Сорос. Это имя известно многим людям, и Сорос как никто другой ассоциируется со спекуляциями. Ведь именно он был тем, кто «сломал» Банк Англии в 1992 году. 16 сентября вошло в историю как «чёрная среда», так как именно в тот день Банк Англии терпел крах, а Quantum Fund прибрал к рукам 2 млрд. долларов, которые являлись резервом Банка Англии. Но помимо этого и прочих блестящих успехов в спекуляциях у Джорджа Сороса были и неудачи. Одной из самых крупных его ошибок была покупка блокирующего пакета акций российской компании «Связьинвест» за 1,8 млрд. долларов в мае 1997 года – после финансового кризиса 1998 года стоимость этого пакета колебалась в районе 300-800 млн. долларов. 7 октября 1998 года Сорос потерял около 380 млн. долларов (или 4 % активов Quantum Fund), когда доллар США упал против иены на максимальную за последние 25 лет величину. Также он потерял кое-какие средства при девальвации рубля, которая произошла в августе 1998 года. Но, так или иначе, Джордж Сорос остаётся
one of the world's most famous and wealthy personalities. He does not recognize technical indicators and the special news channels of publicly known consulting agencies on Wall Street. He gets all the news from the morning papers and makes decisions based on his own vision and intuition.

Jim Rogers

Next on the list is Jim Rogers. One of the famous financiers, he was Soros' partner in the Quantum Fund. His first successes in speculation were made together with him. But soon Rogers decided to start investing on his own, where he was seriously successful, judging by the results. In 10 years of trading, he made 4000% returns on his investment portfolio against 50% gains in the Standard & Poor's 500 Index and retired from the investment hedge fund business at age 37. Even today, Rogers continues to invest in stocks based solely on his experience. For example, he now plays against the U.S. stock market.

Larry Williams

Larry Williams, the most famous trader, is president of Commodity Timing, Inc. The record of trading profitability set by him is still unbroken. In 1987, Larry Williams traded futures on bonds and S&P500 index with the starting capital of $10000 in the prestigious Robbins World Cup traders' contest. He made $1,147,000 of profit during one year of trading, getting $1,1000% p.a. on invested capital. We must also take into account the fact that 1987 was considered the year of the stock markets crash, and if the Dow Jones index had not fallen by 23% on October 19, Larry would have earned over $2 million. A success not yet achieved by anyone else. Currently, Larry writes articles for very famous newspapers, agencies, leads seminars where he teaches trading in the markets, but he doesn't stop trading himself either, keeping in shape. Although, for him, trading doesn't really matter anymore.

Richard Dennis

Richard Dennis is a speculator who is known as the "King of Futures. After graduating from school, he was determined to work in the stock market. Very quickly he gained a reputation as a successful trader on the futures market. Soon he earned his first million (at the age of 25). The Drexel Fund he founded was among the most stable and fast-growing funds for many years. Richard has been called "the king of futures."because futures prices were starting to rise just from the mere rumor that "Dennis had his eye on this commodity. But the truth is, in 1987 there was a major setback, and he lost a lot of money, both his own and his clients' money. Being depressed, he closed the Drexel Fund, and left the world of finance for six years. But later he came back and started earning, using mechanical trading systems. According to Richard Dennis, he is no longer a trader, but rather a researcher. He is constantly researching to determine how he can further tweak his system and create new ways to adapt to the changes constantly occurring in the market.

In 2000, Dennis had about $300,000,000 in capital, but for unknown reasons he lost 37% of that amount. But despite this, Richard Dennis will go down in history as a great trader. He managed clients' money for over 20 years, with an average return on his transactions of 27%. He proved that a man can learn to trade successfully.