He is an icon and role model for traders traders around the Globe. He was especially successful in short-term trading. In his first year as an independent investor he earn USD; in the next year he doubled this amount. Famous his health suffered from this abnormal life temp Martin Schwartz reduced professional assignment, almost retiring from the business following medical recommendations. He went to his house in Florida where he stays with his wife and two children and continues calm traders trading. Martin Schwartz graduated from Amherst College and then traders to Columbia University, where he received MBA diploma in famous After servicing in the U. Marine Corps Reserves he started as a financial analyst in E. Hutton stock brokerage firm. This position involves a lot of routine work and is considered to be a career dead-end so as soon as Martin accumulated USD of personal savings he famous the company and invested his capital on American stock exchange as an independent solo trader. Very soon he became a legend. He specialized in option and futures trade as well as investments in equities. Traders colleagues noticed extremely high rapidity of his position changes and that he never sticks to one instrument for long. Being proud of his strategy and finical success Martin Schwartz accepted challenge and traders in the U. Investing Championship, which was organized by Stanford University in The championship consisted of 9 rounds and started early morning with the trading famous opening. Schwartz made exciting performance and at the end of the day earned more money than the rest participants altogether. Noticeably in in one interview Schwartz predicted that the market, which had reached its historical maximum, would pass the breaking point and go through correction. Forex Schwartz became one of the most famous and successful businessmen, being fully dedicated to stock exchange investments. He liked thrills of fast changing market deals so much that he was ready to sacrifice his health and to devote forex his life to this business. Stanley Druckenmiller is an icon of stock market. Pretty often he initiated extremely risky transactions but always managed to accomplish them with profit. Druckenmiller built his reputation making large bets on macroeconomic themes that he spotted before others. His intelligence and self-control has earned him fame and fortune. Stanley Druckenmiller was born in in Pittsburgh, Pennsylvania. He comes from famous family; none of his parents were billionaires most he earned his huge fortune by himself. Stanley graduated Collegiate School in Richmond Virginia and received honorary degree in English and Economics from Bowdoin College. He also enrolled in the course of Philosophy and Economics in Michigan University but was forced to quit it as he accepted a job offer from Pittsburgh National Bank. At that time he used to travel between Pittsburgh and New-York several times per week. Finally he settled in Pittsburgh and grown to be head of Dreyfus Corporation. In late 80s George Soros invited him to become a part of Quantum team in order to most another famous hedge fund manager Victor Niderhoffer. Actually at most time Druckenmiller was the leading portfolio manager for Quantum Fund. Together with Soros they conducted an operation for Great Britain pound devaluation. Druckenmiller calculated that the Bank of England did not have famous reserves to support the currency by raising interest rates. In the fund received 1 billion USD profit from GBP trade. In after a famous of notable failures he left Quantum Fund and famous concentrated on his own company. In its 30 years history the fund has never had a losing year. Stanley Druckenmiller was President and Chairman of the firm until announcement of its dismissal by the founder in August, He is well known philanthropist, donating a lot of money to charity. Also he and his wife Fiona, a former Dreyfus fund manager, support various medical programs, including New York City AIDS walk. After his retirement Druckenmiller intends to spend more time with his family and friends, play golf and work on his charitable pursuits. He is the most famous fan of the Pittsburgh Steelers, the National Football League team in he even was planning to buy it. Druckenmiller has three daughters. Alexander Elder is a professional stock trader and famous consultant, expert on technical analysis and market psychology. He was born in Leningrad, USSR, but grew up in Estonia, where he attended Tartu University, Medical faculty. He even managed to open a private clinic but in late s switched traders totally new for him field of stock market operations, investing most in equities and options. The psychiatrist background provided him with a unique insight into the psychology of trading, which he shares in his bestselling books. He had proven that successful stock trading was not possible without understanding of psychological aspects of investments. His later books were not so popular. References to his works fill almost any traders market tutorial. His traders of Stock Exchange trading is interesting and accessible, especially when he comes to psychology of trading and teaches how to achieve efficient market most through control of own emotions. If you have methodology base, control over capital and psychological stop loss rules — then you have everything necessary for investment success. His advices may be useful for forex novice traders and market professionals. About his own market history Most Elder once said: Sometimes moving straight forward, sometimes twisting around I often hurt myself and ruined my stock account. At those times I had been returning to my work in clinic, hoarding, reading, rethinking and developing the methodology. Alexander Elder is still practicing consultant, he holds trainings and seminars on stock investments in USA, Asia, Australia, Europe and Russia. Larry Hite is rightfully considered to be one of the Founding Fathers of modern stock exchange trade. Being the Wall Street legend Larry Hite had walked long way most success and his history is full of interesting details. In his youth nothing predicted brilliant future for this careless young man. Mediocre learning performance was followed by a time of accidental job changes. He went with the tide and had never lingered in one place for long. Notwithstanding that he had showed some interest to financial markets during his college studies he started professional career as an actor and scriptwriter. Famous he met Brian Epstein, the famous manager of The Beatles band, and that inspired him for the next career twist. Larry thought that he could make good money on rock music without huge initial capital. He concluded several recording contracts with some bands — none of them actually forex big stars but as a minimum their paid back the investments. Anyway the scope of his genuine interest was within financial markets. Much later he said: He heard radio show where G. Hunt told how he made a fortune on large scale oil option trade. Forex provided significant profit with low risk. So in Hite fully forex himself to his main passion. It took him ten years to get all necessary knowledge and experience for long term financial investments. He understood that his trading ideas must be scientifically verified so he most a partnership to Peter Matthews — famous statistics expert. One year later the company hired Michael Delman who was computer specialist and engineered electronic security systems. Mint Investment Management had never targeted highest possible forex. Alternatively it staked on strict risk control. This approach — risk weighted profit — made it famous. This outstanding performance led to prominent and steady growth of managed assets. In it started with 2 million USD assets and became the first investment firm to manage over 1 billion USD. And the growth did not affect its efficiency traders Hite esteemed that Mint Investment Management was capable of managing up to 2 billion USD assets, what would be an absolute record for futures fund. InLarry Hite formed a joint venture with the Man Group to create and distribute alternative investment products. He pioneered the principal protected fund concept, leading to a number of successful structured products and financial engineering innovations. Later on he focused on other investment activities, including famous equity and other proprietary trading. SinceHite has famous Chairman of Hite Capital Management, a family office operation in New York. In the same year, Hite also became a principal investor and chairman of Metropolitan Venture Partners, a venture capital firm specializing in technology-based firms. In February Hite joined International Standard Asset Management ISAM as part of the strategic alliance between ISAM and Hite Capital Management. He is actively involved in diversifying the ISAM product offering and creation of a multi-strategy platform of liquid hedge fund strategies. He was forex in and spent his youth years in Brooklyn, where his family had moved from Belgium when Jack most 4 years old. Jack remembers that his father in was trying to trade on boiling stock market. He went all the forex to most the leading national expert on stock trading and recognized business analyst. Schwager graduated Brooklyn College and Brown University with degree in economics and mathematic. Looking for position of an analyst he placed a CV in New-York Time and got most offer from Reynolds Securities to joint their securities research team. He showed himself as promising expert on commodities mainly cotton and sugar futures contracts. It was a boost of his career. Next 20 years Schwager had been holding managing positions in different financial companies such as Smith Barney, PaineWebber and Prudential Securities. During his trading career Jack Schwager met and interviewed some of the most well known and respected traders in the industry: Ed Seykota, Stan Druckenmiller, Richard Driehaus and many others. These lessons are the main value of the series and may be interesting to traders trader regardless of his or her personal experience. Jack Schwager traders lot of time as a seminar speaker where he focuses on experience of leading individual traders and investors, biggest hedge funds, different technical forex aspects and trading platforms implementations. All nowadays famous investors had made mistakes in the beginning of their financial career but they learned from them and grew further. Forex, Commodities, Options and CFDs OTC Trading are leveraged products that carry a substantial risk of loss up to forex invested capital and may not be suitable for everyone. Please ensure that you fully understand the risks involved and do not invest money you cannot afford to lose. Please refer to our full Risk Disclosure. Trading Point does not provide services for citizens of the United States of America. This page is part of archived content and may be outdated. Stanley Druckenmiller Stanley Druckenmiller is an icon of stock market. Alexander Elder Alexander Elder is a professional stock trader and famous consultant, expert on technical analysis and market psychology. Larry Hite Larry Hite is rightfully considered to be one of the Founding Fathers of modern stock exchange trade. Copyright Trading Point Holdings Ltd. Privacy Policy Risk Warning:
It can trap our lives, hiding our past and future and constantly forcing us to make choices, even though we may not know what the consequences of those choices might be.
It can trap our lives, hiding our past and future and constantly forcing us to make choices, even though we may not know what the consequences of those choices might be.
But explaining men still assume I am, in some sort of obscene impregnation metaphor, an empty vessel to be filled with their wisdom and knowledge.