The best traders in the world – what they have in common

[naidray]

the best trader in the world is george soros
he is can control price
if you want succes you can learn history in trader soros, in early trade use low capital money

I respect Soros but according to me, Warren Buffett is the most intelligent person in the world.

He has immense control and knowledge about shares market and if he backs a particular share then usually the price just hikes and hikes, so what I mean to say is that the best investors do not risk their money rather they know and hence invest in that asset. Its like you know a city is gonna develop a lot and hence you buy a property there.

[winspiral]

Great traders are experienced, they have cool head and don't make decisions with the heart. They are not afraid to take the risk and even lose something to win even more next time. I beleive they also have some sixt sense for the market and then they make predictions. But they also need some luck too.

You are right.
They take the calculated risk and follow trading principles.
I see it from inside on my U2 system where it is possible to trade for free without deposit.

[Theforextrader]

Taking a loss
Do not be greedy
Patience
Control your emotions
A good strategy

[angaper]

This thread is really motivational for me. I also learned to trade when I was an employee and I did not have excessive expectations about a potential success in trading. And when I started to realize that making money in this business was something really possible, I always keep a cold mind, a strong discipline and a solid money management, because as this text says, you need to make money not as a way to satisfy an excessive greed, but as a way to satisfy your professional expectation.

[Sled]

This is worth every seconds of my time in reading that. Thanks OP, I learned a lot from your post and i conclude that most of the best traders in the world got the experience that help them to be more successful because if you don't have that and you just focus on gaining knowledge without testing it then you might fall to losses. Other said that experience is the best teacher it gives you lesson every time you failed and it always teach you new strategies because of the past decisions that can be a basis on future better decisions. If you want to be the best of yourself then you should take the risk and learn from your failures and don't be afraid to get a lot of experience because it will make you a better version of you.

[Pursuer]

the best traders are those who have started from zero and learned everything slowly with patience. and through this process learned that patience is the key to every successful trade they make. and in this patience you have to be fast too. it means waiting for the best moment and then act on it as fast as possible. I keep seeing novice traders who are patient and then when the moment arrives the decide to be more patient and it means losing the opportunity.

[dunfida]

the best traders are those who have started from zero and learned everything slowly with patience. and through this process learned that patience is the key to every successful trade they make. and in this patience you have to be fast too. it means waiting for the best moment and then act on it as fast as possible. I keep seeing novice traders who are patient and then when the moment arrives the decide to be more patient and it means losing the opportunity.

Patience and dedication would really be crucial when we are learning trading because these behavior and traits will really help or mold you to become a professional trader.Taking losses as a part of learning process symbolizes a good trait of a potential trader and regarding to those inspirational words in op,i could say to myself that someday I could able to do the same thing.

[beerlover]

This guy called the latest price with 100% accuracy.I now follow him for the best trading ideas and its free or can donate by the looks of it.

there is no 100% accuracy in speculation my friend unless you have a time machine.

and looking at his articles it is similar to anything else, i don't see anything special about his speculation in particular he said "price will move to the higher price range of $850 or drop down with a major Retractment" i wouldn't call this 100% accuracy i call it a cautious speculation in order to say "i was right" in the future.

but to be fair his stuff is not that bad either. it is better than most things i see.

I totally agree with you that theres no 100% accuracy on trading since price are on random basis and this is just a retracement using fibonacci and as you said this stuff is not bad either since skilled traders or professional traders do usually do this kind of stuff.

The most common activity that I think most of the professional traders have in common is that they have patience and awareness. Patience does not mean to back a useless coin when even its being dumped. Awareness means to sell the coin oo asset you bought once you think its gonna get lower and lower only.

[angaper]

I promised to give you an update on the result and identities of these mad geniuses. They’re really exceptional in that they even participated in another private contests, which consisted of 100 profitable traders, and they came out on top again. This happened in spite of the fact that the market conditions during the first contest was completely different than the market conditions during the second contest.  So they have strategies that can survive all market conditions. I’m very happy for them.

For a reminder, these are the details of their recent performances: 

The contestant who came first turned 2,500 USD into 1,433,480 USD (57,239.20%).
The contestant who came second turned 2,500 USD into 741,365 USD (29,554.60%).
The contestant who came third turned 2,500 USD into 713,076 USD (28,423.04%).

The top three traders are Andris D, a Latvian; Bogdan D, an American; and LD N, also an American. This is no surprise, Americans are among the most effective traders on this planet.

My friend, I don't think these guys are a valid reference to define the concept of "best trader of the world". It is well known that trading is not about seeing who can make a lot of money in a few days, it is more and endurance race where patience and persistence are essential, and I am convinced that the best traders are always defined in terms of long run and stable profitability.

[ubitcoin]

One thing I noticed to these successful traders is that they have a steady stream of income.  Meaning, they are only trading what they can afford to lose making them ventures more risky environment while removing the risk along the way.  Win or lose, they are able to continue with their life because of the finances coming outside the trading platform.  This situation, without worries of getting bankrupt when they lose the trade,  make them think brilliantly and see aspects in different point of view. Thus a result of being best trader in the world.

Sounds like you think trading as gambling. Well my view is what i can see from my teacher trader habbit, he's only trade when he know the trend movement, he's do a trading as a profession, which means he's can't afford any cents to lose, as much as possible avoiding lose history if the trend move to unexpected direction it's need to stop and do analyze again, for better profit.

Spot on and usually traders invest all the money they have in their banks and all the cash they have. Because they are taking this as a business and hence they have firm believe that they won't give much loss.

Moreover trading does not means taking chances, it is taking initiatives and investing in some particular things. Like they buy a certain entity and just keep on buying its shares so the prices hike and once the price gets to a maximum value, they dump it.

[Yuuto]

I like the info, and a lot of it is quite interesting to read.

A lot of it is common sense, like having experience in trading before you do actually start making profit. However, being gainfully employed seemed like news to me. But it is quite easy to understand why it is so.

I would like to ask how many people participated in total with this competition? If there is a large enough sample size even executing random trades can get at least 1 or 2 of the contestants similar results.

[crazywack]

Cool write up! Sometimes I feel like I hit a brick wall and it could all come crumbling down. Other times I feel like nothing can stop me and I can't loose. Personally my favorite piece/self learned advice is...patiance... Don't pre maturely buy or sell your positions. Can't say I'm close to these 3 traders

[bamboylee]

Nice read op. Inspiring story.

the best trader in the world is george soros
he is can control price
if you want succes you can learn history in trader soros, in early trade use low capital money

I respect Soros but according to me, Warren Buffett is the most intelligent person in the world.

He has immense control and knowledge about shares market and if he backs a particular share then usually the price just hikes and hikes, so what I mean to say is that the best investors do not risk their money rather they know and hence invest in that asset. Its like you know a city is gonna develop a lot and hence you buy a property there.

I believe soros and buffet are on different field. Soros is on forex trading and buffet is more on business and investing. But if you'll compare them, I believe soros is better because it takes guts, discipline and intelligent to bankrupt a country.

[JeffBrad12]

Nice read op. Inspiring story.

the best trader in the world is george soros
he is can control price
if you want succes you can learn history in trader soros, in early trade use low capital money

I respect Soros but according to me, Warren Buffett is the most intelligent person in the world.

He has immense control and knowledge about shares market and if he backs a particular share then usually the price just hikes and hikes, so what I mean to say is that the best investors do not risk their money rather they know and hence invest in that asset. Its like you know a city is gonna develop a lot and hence you buy a property there.

I believe soros and buffet are on different field. Soros is on forex trading and buffet is more on business and investing. But if you'll compare them, I believe soros is better because it takes guts, discipline and intelligent to bankrupt a country.

Are you ever heard Warren buffet was saying to the banker for buy a much of gold? The bank has done that and in this time they have kept a lot of domination in the gold stock exchange.

Both were same. suggesting a decision for with the great result.  I hope that won't be happening on bitcoin.

[X-ray]

Nice read op. Inspiring story.

the best trader in the world is george soros
he is can control price
if you want succes you can learn history in trader soros, in early trade use low capital money

I respect Soros but according to me, Warren Buffett is the most intelligent person in the world.

He has immense control and knowledge about shares market and if he backs a particular share then usually the price just hikes and hikes, so what I mean to say is that the best investors do not risk their money rather they know and hence invest in that asset. Its like you know a city is gonna develop a lot and hence you buy a property there.

I believe soros and buffet are on different field. Soros is on forex trading and buffet is more on business and investing. But if you'll compare them, I believe soros is better because it takes guts, discipline and intelligent to bankrupt a country.

guts,discipline, and intelligent is not enough to make a country bankrupt. the main thing you will need is power,money,and any other resources then you can control whatever you want. this world is nowadays turned and belongs to the rich. whatever they want they can get as long as they have the money to take control over anything in this world,even massacre

[kohavn]

i accepted with your opnion, the world is now belong to rich man. We can't control it.

[rickadone]

One thing I noticed to these successful traders is that they have a steady stream of income.  Meaning, they are only trading what they can afford to lose making them ventures more risky environment while removing the risk along the way.  Win or lose, they are able to continue with their life because of the finances coming outside the trading platform.  This situation, without worries of getting bankrupt when they lose the trade,  make them think brilliantly and see aspects in different point of view. Thus a result of being best trader in the world.

That is logical and wise when you are putting all your money for trading you have to have some steady income. To be able to live normal life and make some extra money with trading.

Yeah and usually from what I have seen in my personal life is that the traders or say investors make wise decisions and do not take risks.

What I mean to say is that trader does not mean a person who risks his money, professional trader is the one who buys something because he calculates with his experience and analysis that what he is buying would give him profit in future, like recently in India people bought paytm shares because they knew people gonna get cashless.

[davis196]

Thanks for this information and this is quiet an inspiring words specially to those people who wants to learn trading.I could really say that it would really require to learn trading for longer years and its not an easy thing because you will need to build up experience and strategies to be profitable.Its very true that some people are not interested into the word "trading" when they do have jobs.Just like on my situation i dont have a job but still i would really love to learn trading not just for last resort on making money but i do have really the dream of being a professional trader.

Yeah,the best traders in the world learn from their mistakes and continue to trade.

They have one thing in common-lots of money....

Trading is actually like having a job.

[carlerha]

This guy called the latest price with 100% accuracy.I now follow him for the best trading ideas and its free or can donate by the looks of it.

there is no 100% accuracy in speculation my friend unless you have a time machine.

and looking at his articles it is similar to anything else, i don't see anything special about his speculation in particular he said "price will move to the higher price range of $850 or drop down with a major Retractment" i wouldn't call this 100% accuracy i call it a cautious speculation in order to say "i was right" in the future.

but to be fair his stuff is not that bad either. it is better than most things i see.

I totally agree with you that theres no 100% accuracy on trading since price are on random basis and this is just a retracement using fibonacci and as you said this stuff is not bad either since skilled traders or professional traders do usually do this kind of stuff.

The most common activity that I think most of the professional traders have in common is that they have patience and awareness. Patience does not mean to back a useless coin when even its being dumped. Awareness means to sell the coin oo asset you bought once you think its gonna get lower and lower only.

i think the most common activity among them is to have a good strategy for their trading, the most successful traders always follows their strategy for getting good result from their trading, therefore to me i think their similarities may be the fact that they have good trading strategies.

[eddie13]

the best trader in the world is george soros
he is can control price
if you want succes you can learn history in trader soros, in early trade use low capital money

He got short on the sp500 and bought hillary!!!! lololoololzzzz

rekt