There isn’t a single person on the planet that gets into Forex investing without looking to make a mountain of money.
But just how much money can you make trading Forex, especially as a “normal” investor? Is this investment vehicle really only something that the ultra-wealthy can capitalize on? Is it possible to make millions trading Forex? Is it possible to become a billionaire trading Forex?
It is possible to become a billionaire trading forex, though few have ever reached these heights of success. The most well known forex billionaire traders are:
- George Soros
- Warren Buffett
- James Simmons
- Stanley Druckenmiller
- Bruce Kovner
- Bill Lipshultz
Is It Possible to Become a Billionaire Trading Forex?
Truth be told, Forex investing is often a little bit of a double-edged sword.
Sure, it’s one of the most exciting financial markets in human history. It has almost no barrier of entry whatsoever, giving anyone the opportunity to trade – even with as little as five dollars.
Forex also isn’t anywhere near as “complex” as other investment vehicles. The stock market has a lot more wrinkles to figure out and master than the Forex market does, by far!
On the flip side of things, though, statistics show that retail investors that jumping headfirst without doing research and without doing their due diligence end up losing pretty decent chunk of change (many of them never make it back).
Because leverage is such a big piece of the puzzle in the Forex market there’s a lot of opportunity for outsized profits but also substantial losses. It’s the second edge of this sword that a lot of people – particularly new retail traders – overlook in the beginning stages.
Is it possible to become a billionaire trading Forex, though?
It sure is.
You might have to be decently well heeled, have access to almost endless pockets of resources to trade with, and need to get really (REALLY) lucky to become a billionaire through Forex – but it can and has happened.
Hedge funds are definitely the most successful Forex traders and many of them have pulled billions and billions of dollars out of these markets.
Individual investors, though, have also had some pretty substantial success in Forex. We highlight a bunch of them below.
The Most Well-Known Forex Billionaires
Every industry has their Titans, and Forex is no exception.
Five individuals stand head and shoulders apart from the rest of the pack when it comes to Forex success – each and every one of them billionaires.
Let’s run through the most well-known (and easily the most successful) Forex investors right now.
The “big dog” of the group is George Soros
.
Universally recognized as the Warren Buffett of the currency trading world, a single Forex trade by Soros in 1992 (when he shorted the Great Britain Pound against the grain and market sentiment) ended up making him $1 billion all on its own.
There’s a reason why Soros is called the man that broke the Bank of England!
Soros is still trading today (well into his 90s) and continues to have a tremendous amount of success swapping currencies.
Is it possible to become a billionaire trading Forex?
If you asked George Soros he’d tell you 100% yes!
James Simmons is the second most successful Forex trader in human history, and one of the most successful hedge fund managers on the planet today.
Responsible for the quantitive hedge fund called Renaissance Technologies, Simmons has been so incredibly successful that in 2008 (a bloodbath for the overwhelming majority of investors) he returned an investment of higher than 80%.
This is a man that understands Forex better than (almost) anyone else.
Stanley Druckenmiller is not exactly a household name, but he is another of the most successful Forex billionaires on the planet – and a man that learned how to trade currencies at the hip of George Soros.
Stanley was instrumental in breaking the Bank of England in 1992, was featured in The New Market Wizards blockbuster in 1994, and today is worth $3.1 billion (US).
When he speaks investors all over the world pay attention.
Bill Lipshultz gives retail Forex investors all over the world a lot of hope and a lot of inspiration while also acting as a cautionary tale.
Bill started off with $12,000, the kind of money that most Forex investors can scrape together. He turned that into $250,000 almost overnight – and then lost every single penny (and then some) just as quickly.
Did he give up, though?
Not even a little.
Bill started back from scratch, using the power of foreign exchange (and leverage) to grow his new nest egg into an unbelievable fortune. Today he runs a capital management firm that makes more than $300 million a year and he is personally worth a mountain of money.
The last Forex billionaire we want to highlight is a man named Bruce Kovner.
No longer an active Forex investor, Bruce began his investing journey by borrowing money straight from his credit card.
Bruce bought soybean futures, cashed out $20,000, and then continue to roll that money into Forex (and other assets) until he built one of the most successful hedge funds in history – a fund with more than $14 billion in assets currently under management.
Are You Likely to Make Billions Trading Forex?
Is it possible to become a billionaire trading Forex?
Of course. We just shared a number of stories – five of them – where investors were able to make a tremendous amount of money taking advantage of foreign exchange marketplaces.
Are you likely to make billions trading Forex, though?
Honestly, that is a very ambitious goal – and something that only the most ambitious investors are even going to have an outside shot at accomplishing.
The overwhelming majority of people that trade Forex are never going to sniff billions and billions in profits.
Most are going to have a challenging time cracking a few million dollars in profits, even.
Does that mean that this is and something to shoot for?
Does mean it isn’t something to aspire to?
Does it mean that you should narrow your goals and limit your ambition?
Absolutely not.
You need to go into trading Forex with both eyes open (there’s no doubt about that). But there’s no reason to limit your potential success because of a negative mindset or less than ambitious goals, either.
In Summary – Is It Possible To Become A Billionaire From Forex Trading?
In conclusion, people have become billionaires from trading forex, although this isn’t something that happens very often – if ever.
The most successful Forex traders are able to make several million dollars a year, although this is the exception rather than the rule.
Becoming a billionaire from trading forex isn’t something that’s easy but it’s definitely possible. What you need is an incredibly high degree of technical analysis expertise combined with big money to invest and a bit of luck.
It certainly isn’t the case that anyone can walk into a foreign exchange market and become immediately rich – there’s a lot more to it than that.
However, by applying the right strategies and putting your time in learning how to trade properly, you can make a very good living from Forex trading as long as you avoid these trading mistakes!
