TOP-3 successful traders from scratch

Trading on the stock exchange is one of the most effective ways to increase your capital and reach a truly impressive level of income.

But there is a common misconception that such a business is available only to a select few and an ordinary person cannot become successful and rich trading on the stock exchange.

In this article, we will refute this theory and use examples to show how ordinary people achieved financial independence through trading, changing their lives beyond recognition.

Comax Invest presents the top 3 successful traders who have risen from scratch.

Larry Williams

This is a truly legendary person. He is well known in the foreign exchange market as well. Larry decided to start his career as a currency trader on his own in 1965, trading only with his own funds. Realizing in time that you can make good money on changing financial assets. He devoted some time to studying the basics of those analysis, economics and finance. Then he began to study the experience of traders. Today he is the regular winner of the Robinson Cup World Championship in the field of futures trading. In less than one year, he managed to turn $ 10,000 into 1 million.

Larry Williams notes:

A successful trader must have qualities: a strong desire to get rich, a desire to satisfy ambitions and internal dissatisfaction with his financial situation.

The secret of his success lies in the competent use of the scalping strategy, which allowed him to become the most famous speculators in the field of short-term transactions.

Stephen Cohen

After school, the future successful trader decided to go to Pennsylvania, where he intensively studied economics, played poker and was interested in the stock market. Even then, his interests determined the future fate of the student.

He took $ 7,000 and opened an account with the brokerage firm Gruntal. You might be wondering where he got all this money from. The answer is quite simple, Stephen simply took the funds that were intended for tuition fees.

But this, at first glance, an ill-considered investment, made a profit. The young trader monitored the market at the nearest brokerage office. He managed to conclude several lucrative deals and things went uphill.

In 1978, Stephen received an invitation to work in Gruntal, where on the very first day the talented young man managed to earn $ 8,000 for the company. In the process, he reached a fairly high level, making $ 100,000 for his employer every day.

After 6 years, Stephen Cohen managed an investment portfolio of $ 75 million.

Timothy Sykes

If it is true that all the most important things in life should be done before reaching 30 years of age, then trader Timati Sykes not only fulfilled, but significantly exceeded this plan. He became a millionaire at age 20.

Just three years after starting his trading career before reaching 17 years old, Timati showed serious promise in tennis and even became a junior champion in his state. However, an unfortunate hand injury put an end to his sports career. It was then that Sykes began looking for things to do. He did not want to do something that does not bring any moral pleasure, but at the same time he strove to earn good money.

Therefore, his choice fell on stock trading.

As soon as he came of age, he invested 12 thousand dollars donated by his parents into the trade. They did not believe in his talent and believed that Tim would quickly waste all the money and this would serve him as a good lesson. But something happened that they could not expect.

For starters, a young Jewish guy invested $ 12,000 in cheap penny stocks worth less than $ 1 each. And by the beginning of 2000, his balance was already 123,000 US dollars. In the last months of this year, he had an amount of $ 800,000 on his account, and a year later he already had one million 600,000 dollars.

Just a dizzying success.

In 2003, Timothy founded his own hedge fund, which successfully existed for two years. Three years later, the reputable exchange publication trader mansley includes him in the list of 30 most successful traders who are under 30 years old.

Many dream of increasing the size of their capital, but not everyone dares to do something.

To achieve this goal, do not be afraid to change your life for the better.

Step confidently towards new knowledge and new victories. Comax Invest professionals will be happy to help you with this.

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