This is an excerpt from the cult book "Market Wizards", it is one of my favorites. The book is based on interviews of real people, professionals in their field, so read in one breath. Such stories (about the conversion of $ 30 000 to $ 80 million) is not uncommon in it. Most importantly, the professional traders are really capable of it!
Who are they? What you do? And how can convert the money into more money?
Trader is ...
Trader (from the English trader -. Trader) - is a person who makes a trade on the stock exchange with a view to his own advantage. Can trade stocks, futures, bonds, options, currencies and others.
The aim is to increase traders' personal capital at the expense of the benefits of ongoing transactions.
Important: Do not confuse the trader and broker! The broker takes the order of customers, displays the transaction on the stock exchange and takes a commission for it. The trader trades on their own and profit from trading operations.
PAMM trader (managing director) - is a trader that trades publicly. It shows the results of their trade in order to attract investors and increase working capital. The most developed area of the PAMM accounts -link - you can see the results of successful managers and become an investor.
Attracting investment has been most successful speculators, as an additional turnover increases bottom line. The most famous manager - a ...
Traders with a worldwide reputation.
The most famous manager - it is George Soros. I got fame September 16, 1992, opening the deal for a fall of the British pound against the German mark. Then its profit for 1 day exceeded 1 billion. Dollars! He is currently retired from management of investors' funds, is only concerned with family capital. By the way, it pretty well, in 2013 it became the most successful fund!
According to Forbes, the 12 months Soros managed to earn 4 billion. Dollars!
In second place David Tapper Fund, its profit totaled 3.5 bln. Dollars.
In third place with Steve Cohen fund profits 2.3 bn. USD
Read more about them, click here. And see here how much on average earn "ordinary" traders.
How do the traders?
Traders are traded on the stock exchange, a place where deals are made. The first appeared in the Belgian market as early as 1406.
For 6 centuries much has changed, if one is needed to be present on the stock exchange and verbally agree on a deal with the other participants, the age of the Internet is sufficient to establish the trading terminal, and you get access to trading.
In today's day the most liquid market (ie with the highest turnover) is the currency. It is also called Forex (forex). According to average estimates of daily transactions take place on the 4 trillion. dollars! The biggest players are the central and commercial banks.
Alongside a large number of private traders involved in trading with banks. According to Interfax study (as discussed here) in Russia from forex brokers as for the year 2012 opened 300,000 accounts! All of them are millionaires?
Statistics successful traders.
Of course not! All millionaires do not become. According to statistics, successful traders are only 5-10%. As a rule, it is not stupid people who know how to work on themselves and very resistant.
Most novice traders and beginners will remain, unable to learn how to make money. Someone does not have enough patience, someone just lazy, and for someone to trade is another way to have fun.
It is not necessary to participate in the auction if you do not want to get to the end, to become a professional and earn well. In this case you turn away, before the first difficulties. But if you feel the strength and ability, want to make more money than you can afford now, determined to achieve a result - then go for it! How does one become traders?
How to become a trader?
As mentioned above, modern trading is based on the Internet. This access to trading can be anyone. Simply sign up with a broker (such as this or vybratzdes) and download the program for trade. More detailed instructions can be found in this article.
a trader who is
It published a special article for beginners, which has links to the necessary concepts, advise you to read!
A little more about traders.
Interviewed successful PAMM traders, in my opinion, was very interesting! A living example can tell more than any article!
Interview with Vitaly Shlykov. He began to trade on the stock exchange, then moved on forex. Develop a website managed by the PAMM account, interest in the market since 2007, during this time got a lot of experience!
Interview with Alexander Sarychev. The programmer, who was able to establish an automatic trade. His PAMM account has already attracted more than a million of investor funds!
