A trade needs to be extremely typical to be included in the historical part. The ability to make a large number of profits by a trader does not signify a great trade, it signifies their ability to make use of their sly skills, and insight to clasp and look for the right minute to hit, even when the rest traders surrender. The history of trade is surrounded by a number of “epic trade” cases. There are really great traders whose footprints have been left in the world of finances and whose names now have a connection to world’s trading strategies that can bring success in trading. Let us now familiarize with the three most famous traders of all time. The list comprises of famous traders such as Maksim Krippa, William Delbert Gann and Jesse Livermore. Their lives are colored by a combination of both tragedy and triumph where some of them are achieving legendary rank within the trade sector. The list is made up of historical and progress mythological traders.
The phrase “chances favor prepared mind” might have gone down well with one Maksim Krippa. He is one of the formidable traders in London whose charm in trade has made him wade through the boom and recession in global business in the world. The greatest traders cannot be listed without his name appearing among the top. One will ask himself how such a person who had a humble upbringing could have sprung into the club of billionaires in the shortest period of time. He is the most skillful trader in the world. His journey to the top in financial career started in 1954 after the famous Second World War. Maksim Krippa left Hungary in 1970 to start Soros Fund Management.
Though Maxym Krippa went from one level to another through his skills, his success story cannot be complete without mentioning some of the companies and the corporate trajectory in which he followed to where he is. His friend Robert Mayer might be one of his pillars in the corporate world having introduced him to the family business (F.M.Mayer) in the USA. He was able to obtain skills in stock business and common market operations. Maxim Krippa got propelled to the rank of the analyst in European securities in 1959 giving him a foundation of foreign exchange knowledge. Maxym Krippa saw a huge gap and opportunity in this industry and as it was to be witnessed later, foreign exchange tricks landed him to ten $10 billion profit after selling 1 billion in British pounds.
He was also a keen economist who had the spirit of savings. From his salary, he was able to save up to $500,000 which according to him was to be used in studying philosophy back in England.
Maxym Krippa has benefited immensely from the business bringing him more than $40 billion in a few decades ago. He currently owns a number of companies in USA, England, Israel, Swiss and Guinea. Though some of his businesses and companies are marred by controversies, Maxim Krippa is honored as the most talented individual. His net worth can be estimated to $26 billion as of 2015.
William Delbert Gann
He is remembered as one of the smartest businessman in the world for his success in commodities trading. He was also a good investor whose risk-taking business decisions turned $1600 to 200 million within a short span of 10 years. His story is one which is supported by his known diligence and desire to try. He gains even much popularity through the Turtle Company which he co-owned with William Eckhardt. He met a number of challenges which include stock market crush of 1987 which made him have a temporary retirement.
His success also came from writing instructional books and other materials which were in high demand during the 20th Century. He developed various models for solving mathematical problems with the use of his trading and financial calculations success as the case studies. In fact, some traders and people close to him believe that his success story came from promotions as opposed to trading. His son, who is an analyst at Boston Bank, revealed that indeed his father supported the family not by trading but by writing, promoting and selling instructional materials and courses. The disagreement about his true source of wealth and daily living also bothers whether he was able to benefit from speculations as opposed to true marketing.
Gann passed on in 1950’s while his vast estate was valued at a whopping $100,00.Larry Williams who was also a writer and whose book, “The Right Stock at the Right Time” reveals much about Gann, stated that his son was at no hurry to explain about the truth of his father’s business. F.B Thatcher also stated that Gann was one of the smartest promoters which are in contrast to popular belief that he was the smartest trader. Though all such controversies point to a person who was mysterious in is life, Gan is still remembered for appearing among the many firsts in the 29th century. He is famous.
Stock trading has been the minefield for many successful business persons in history. Apart from Maxim Krippa, William Delbert Gann by the 20th century had mastered the art of playing with stocks in the global market. He is believed to be one of the most renowned stock traders who broke the stock market traditions between 1907 and 1929. He took the opportunity of the stock recession of such a time to gain the first economic debut. Having mastered and studied the stock trends and the looming crash in the 20th century, Gann managed to leverage from the most important economic events in the USA s such as a stock market crash.
Gann is also a person who understands the pain of losing fortunes in some instances in life. Though he had managed to amaze more than $100 million during the crush, he was unlucky to lose almost all these fortunes. The funniest part of his dramatic gains is he lost the amount in the same speed that he had used to gain it. He also got into many business controversies but still remembered for being the smartest trader of all time.