One of the biggest pieces of advice Lipschutz gives to his listeners is to be fundamentally passionate about trading. The process of exchanging assets should be your main motivator to enter the market, not the possibility of a considerable profit. As he suggests, this mindset is the best guarantor that the money will keep flowing to your account, yet as a by-product, instead of the main goal to strive towards.

One of the main secrets of Forex millionaires, according to him, is to remain inactive during the times when it is absolutely needed, instead of going for two, three, or more simultaneous trades.

With just one position open, a trader develops a sense of consistency, which is ultimately more valuable than fleeting profits.

Soros was born in in Budapest, Hungary. During the Nazi occupation of Hungary, he managed to flee the country and settle in the UK in After graduating from the London School of Economics there, he started working in various merchant banks, which kickstarted his business career.

Shortly afterward, Soros established his very first hedge fund called the Double Eagle. It was then renamed to the Quantum Fund and over its long existence, the fund collected almost 25 Billion US dollars in various assets. The next hedge fund that he founded, the Soros Fund Management, was actually funded by the first-year profits received from Double Eagle.

Over the last 50 years, the Soros Fund Management has amassed more than 40 billion USD in profits. Basically, during the whole meltdown of the UK economy in , shortly known as Black Wednesday, Soros went short for 10 billion USD worth of pound sterling, which brought a 1 billion USD profit to him while the whole economy went south.

As a Philosophy master, Soros applied the famous Theory of Reflexivity developed by Karl Popper. According to the Reflexivity, causes and effects have a circular relationship and they both affect each other. With this philosophy, Soros started exchanging currencies, as well as other securities, with short-term trades and ultra-high leverage rates. His strategy maintained that individual traders directly affect the market conditions and they often become the cause of periodic bubbles that form in this industry.

That was actually what led him to make a billion in profit when the UK economy was falling apart in The next person in our millionaire Forex traders list is Stanley Druckenmiller. Born in the Pennsylvanian middle-class family in , Druckenmiller kickstarted his financial career in at the Pittsburgh National Bank. It was immediately apparent that he would have a very bright feature as in a very short period of time, in a span of a year, Druckenmiller managed to go from a mere trainee to the head of the equity research department.

He worked in the bank for four years, after which he established his own company called Duquesne Capital Management. Another interesting thing to note is that Druckenmiller worked with George Soros at the Quantum Fund.

They both participated in the UK financial crisis that made them the most successful Forex traders who became millionaires and then billionaires.

The philosophy that guided Stanley Druckenmiller and made him one of the most influential millionaires through Forex trading was molded by his cooperation with George Soros. However, he does warn that traders should be like snipers — they should take a very precise shot at a precise time because mistakes here are not forgiven.

One more thing that Druckenmiller advises to the aspiring young Forex millionaires is to always leave the backdoor open — have an exit strategy or a plan B that can save you in case of an unexpected development. Kovner was born in Brooklyn, New York in He attended Harvard University, studying political economy and occasionally engaging in sporadic activities such as taxi driving, political campaigning, etc.

It was shortly after that moment that Kovner discovered his passion for trading. In , he opened his very first position, buying a soybeans futures contract by borrowing against his credit card. While that trade made him about 40, USD of profit, Kovner quickly found himself in a losing trade.

During this time of course, I was spending thousands of dollars on books and Forex Robots and all kind of crap you know what I am talking about. My family and friends, thought I have lost my mind, spending all this time in front of the screen you may recognize yourself here and looking at "stupid charts" I kind of had become the laughing stock of the company " Look, the Forex Head is Alive" Eventually it got so bad, that I lost all interest in trading and was ready to quit One afternoon, I overheard a conversation while at the golf course yeah I am a snooper.

There were two guys, sipping on something that came with a "small umbrella on top" and one of them was saying something so impressive, that made my ears become as big as an elevator shaft. The guys were speaking of a stock trader, turn to be a Forex trader, that was raking in the vicinity of 20 to 30k a month, from his house computer, doing it with couple trades a month.

Listen to this, the guy was not a screen struck maniac like myself, he was not some kind of national television speaker, it turned out he was a member of the same golf club, I was a member too.

Now, you can imagine my excitement and hopes came up, I was determined to meet this guy and squeeze every once of knowledge out of him However, there was a big problem, that trader, I will call him trader X, for familiar reasons, did not go to the bars, was not in the social networks, and was not holding any training and educational courses on "how to be the next forex millionaire". He was quietly running the Forex Cash machine of his, had a large family and was spending time in his huge house.

Now, I came in with a plan, where I would meet Trader X at one of the Club Events you know those fund raiser things, Trader X was known for one thing, dumping a large sums of money on different causes that he cared about. I was able to talk Trader X in to giving me a half hour short consult. At the end I offered trader X to pay him for his services, and that's where my frustration became full, Trader X was not for sale. It didn't matter what I offered whatever that was, it was all I had, he would not chime in to my idea of training me.

Finally after much bugging him, he gave in and we started a regular weekly meetings, but he refused to get any money.

He was saying I was like, "K, if it is that boring, make me sad too" you know, let the stashes of cash come down. Eventually I moved to a different city and never heard of Trade X again. What I am about to reveal in this book is the real dirty truth about Forex and how you too can be the next Trader X. Forex trading is not all it is cracked up to be, the real winners are not your daily gurus, I will teach you everything that Trader X Taught me and more.

Jump to ratings and reviews. Want to read. Buy on Amazon. Rate this book. Forex Day Trading Millionaire: Escape , Live Anywhere, Join The New Rich Traders Love It: Little Dirty Secrets and Weird Tricks Pulling Massive Piles Of Cash For You. Trader X.

I hope you sitting down, cause I am laughing on the floor at the notion of hearing, one more little talk abut "the Forex Indicators, and how you can be the next Forex Millionaire using such and such crossing lines" See, the reason there are winners and losers in life and Forex as well, is some can see deception coming from a miles away and some refuse to look at the truth. See, I was taken for a sucker, and was brought on a rollercoaster of books, trainings, Forex education like there is no tomorrow But it took me nearly 3 years, to wake up from the magic little cozy balloon of guru's webinars and the next Big Talking head.

During this time of course, I was spending thousands of dollars on books and Forex Robots and all kind of crap you know what I am talking about. My family and friends, thought I have lost my mind, spending all this time in front of the screen you may recognize yourself here and looking at "stupid charts" I kind of had become the laughing stock of the company " Look, the Forex Head is Alive" Eventually it got so bad, that I lost all interest in trading and was ready to quit One afternoon, I overheard a conversation while at the golf course yeah I am a snooper.

There were two guys, sipping on something that came with a "small umbrella on top" and one of them was saying something so impressive, that made my ears become as big as an elevator shaft. The guys were speaking of a stock trader, turn to be a Forex trader, that was raking in the vicinity of 20 to 30k a month, from his house computer, doing it with couple trades a month.

Listen to this, the guy was not a screen struck maniac like myself, he was not some kind of national television speaker, it turned out he was a member of the same golf club, I was a member too. Now, you can imagine my excitement and hopes came up, I was determined to meet this guy and squeeze every once of knowledge out of him However, there was a big problem, that trader, I will call him trader X, for familiar reasons, did not go to the bars, was not in the social networks, and was not holding any training and educational courses on "how to be the next forex millionaire".

He was quietly running the Forex Cash machine of his, had a large family and was spending time in his huge house. Now, I came in with a plan, where I would meet Trader X at one of the Club Events you know those fund raiser things, Trader X was known for one thing, dumping a large sums of money on different causes that he cared about.

I was able to talk Trader X in to giving me a half hour short consult. At the end I offered trader X to pay him for his services, and that's where my frustration became full, Trader X was not for sale. It didn't matter what I offered whatever that was, it was all I had, he would not chime in to my idea of training me. Finally after much bugging him, he gave in and we started a regular weekly meetings, but he refused to get any money.

He was saying I was like, "K, if it is that boring, make me sad too" you know, let the stashes of cash come down. Eventually I moved to a different city and never heard of Trade X again. What I am about to reveal in this book is the real dirty truth about Forex and how you too can be the next Trader X. Forex trading is not all it is cracked up to be, the real winners are not your daily gurus, I will teach you everything that Trader X Taught me and more. You have a choice, keep going in circles, looking for the Holy Grail of Froex, or move your fingers, make a few mouse clicks and meet me on the other side.

Take a click of faith! See you on the other side! Loading interface About the author. Write a Review. Create a free account to discover what your friends think of this book! Community Reviews. Search review text. Join the discussion. a quote. a discussion. a question. Can't find what you're looking for? Help center.

It didn't matter what I offered Bill Lipschutz Bill Lipschutz is one of the top Forex millionaires that has been making hundreds of millions of dollars annually in his prime years of the career. Trader X. Foreign exchange is the biggest trading market in the entire industry. However, some of the top FX traders can also be found in other parts of Africa, such as Nigeria, Ghana, and Uganda. Uche ParaGon There are many currency millionaires in South Africa.

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