Last update 2020.10.19
It is normal for people to look for references and examples to be reached when beginning in any professional or study area. If you look for the greatest investor of all time, you will probably find everything about the history of Warren Buffet.
What you can learn ahead
- Who are the best forex traders ever
- How much money they made in forex
- How to trade forex with AI and reach for great returns
If you want to become a successful Forex trader, you must learn from the best. Find out now which are the best Forex traders in the world.
Popularly known as the best Forex trader in the world, George Soros was born in 1930 in Hungary.
Soros collects incredible records in the financial market, such as having profited US$ 1 billion in a single day and with a single operation on the Forex market in 1992. This operation was responsible for the exclusion of the pound sterling (GBP) from the European exchange rate mechanism by the United Kingdom, being thus known as Black Wednesday.
George has written many books on Forex and remains one of the most successful men in the world.
With his career in the financial market starting in 1977, Stanley served as a leader in managing the portfolio of George Soros’ Quantum Fund for 11 years. He achieved great success in managing the fund’s money, being involved in the operation that ‘blew up’ the Bank of England.
In 1992, Druckenmiller saw his fame grow relatively with his bestselling book ‘The New Market Wizards‘.
After working with Soros, Stanley also had his own ‘Duquesne Capital Management‘ hedge fund. He still appears on the Forbes list of the richest people in the United States.
A New Yorker and Master of Finance in 1982, Bill has always been interested in books on stocks and the forex market.
It started its operations in the stock market, investing US$ 12 thousand, and in a few months, it transformed its starting capital to more than US$ 250 thousand. Despite his vast knowledge, his stock profits started to melt and Lipschutz decided to migrate to a more stable market in his conception: investing in forex.
Bill Lipschutz is currently known in the financial world for generating more than US$ 300 million in a single year.
Andrew is a graduate of the Wharton Business School and became a renowned trader after profiting around US$ 300 million from selling the New Zealand dollar in 1987. Like Stanley Druckenmiller, he worked for George Soros and his investment fund in 1988.
In 2004, the trader donated more than US$ 350,000 to help victims of the Indian Ocean tsunami.
Born in Brooklyn in 1945, Bruce Kovner made his first deal just at the age of 32. He took out a loan on his personal credit card and bought soybean futures. With this operation, he made a profit of US$ 20,000. He consolidated his reputation in the market when he worked as a trader at Commodities Corporation.
One of the most successful funds in the world, Caxton Alternative Management, was founded by Kovner in 1983. With over $ 12 billion in assets in that fund, Bruce Kovner was one of the largest traders in the forex market until 2011.
The best way to trade forex
There are two ways to invest with our AI in forex:
1. Automated with AI-Trading. Check out the 3 steps to trade automated with our AI.
By trading forex automated with AI, you will save time and improve your performance without monitoring the market and managing trading platforms.
With Automated AI trading you do not need MT4 / MT5 and other trading platforms to invest in forex. All forex trades are automatically placed into your broker account every time that our AI system identifies a new worthy trading opportunity. You can monitor the AI trading performance in real-time directly on our dashboard.
Automated AI trading benefits
- Setup in 3 minutes.
- Totally hands-off, from anywhere.
- Invest from just $1.
- Integrated with the forex best brokers.
- APY of 40% over the past 13 years*.
- Lightning-fast execution & no slippage.
- No commissions, no management fees.
- Portfolio with 40 different automatic strategies.
- No MT4/MT5 or other platforms required.
- Test with a risk-free practice account.
- Trading results directly on our dashboard.
- Trading alerts in the broker account by email and Telegram.
Don’t you have a broker account yet? Our AI is integrated to trade automated with the broker Oanda and FXCM. Click here to open an account with FXCM or here to open with Oanda. Those are some of the best forex brokers in the world.
2. Manually with AI forex signals.
Wiseinvest also provides AI forex signals that perfectly fit into MT4, MT5, and any trading platform. To trade with our AI forex signals, you must simply copy the data you receive from each real-time signal into any forex brokerage account of your choice.
There are five unique variables for each AI signal, and each must be copied exactly, in order to match the performance of the signal as close as possible.
Each AI forex signal alert consists of the following five data points:
- Symbol (forex pair)
- Direction (long or short)
- Position size (number of units or lots)
- Take profit (price level to exit with maximum gain)
- Stop loss (price level to exit with maximum loss)
Check out how to trade with our AI forex signals.
- Subscribe to a Wise-Plan.
- Open a Brokerage account. Check this article about the best forex Brokers.
- Set an amount and a position size on our Wiseinvest dashboard.
- Our AI will send you real-time trading alerts by email and Telegram.
- Copy the signals and paste into your Brokerage account.
All forex signals are sent every time that our AI trading system identifies a new trading opportunity. Our trading strategies are developed on a variety of time frames such as 4 and 8 hours.
Wiseinvest AI forex signals are Market Orders and you do not need the entry price. You can copy each signal while it is available on our dashboard. We do this way to assure that traders will just place signals while they are good to be traded.
You can trade forex with our free forex signals clicking here, or with our Premium subscription that provides you unlimited AI signals and automated AI trading in partner brokers. Whether you are a beginner or a professional forex trader, our AI trading system can help you save time and improve your trading performance. Get started with free AI.
When investing through Wiseinvest automated AI trading or AI forex signals, you do not need to calculate pips and change the leverage in your forex broker account. Learn more about leverage in forex trading clicking here.
What is the performance of the AI in forex trading?
The Win Rate of our AI varies and can reach up to 95%. Our performance is based on an efficient frontier, which means that our model is profitable whenever the Win Rate is greater than 60%. Our strategies seek stable returns and sufficient results to achieve an average return of 40% per year (APY), without the application of high leverage.
We know that what matters in forex trading is the final result. Therefore, the investor needs to note that Win Rate is not always the best metric, as other signal providers disclose. For example, out of 100 trades, only 1 trade may be enough loss to make the 99 trades not profitable. In this case, the Win Rate would be 99%, but the final result would be unfeasible (negative). Therefore, we focus on the return of 40% of APY and not just on Win Rate.
It is essential to observe that forex brokers may charge spreads, commissions, and overnight fees. These factors can affect the AI performance. You can check our forex trading track record clicking here.
How much do I need to trade forex with AI?
You can start in forex trading with free AI signals or AI trading account and deposit just $1 in the broker. You can also test using a risk-free practice account with our AI trading system. However, in order to do efficient risk management in real accounts, we suggest you start from at least $100. Notice that some forex brokers require different initial deposits to trade forex.
What is the trading strategy of our AI?
Our AI analyzes those fundamental, technical, and sentiment factors that affect forex trading, and all criteria are evaluated in real-time using different weights. After completing the analysis, the choice of the signal emission strategy is made considering the increased likelihood of short-term profit and the amount available for investment.
Using technical analysis, our algorithm considers not only the patterns of various trends, including support and resistance levels and cross-indicators, but our AI is also able to create its own real-time index for each currency pair, that is used to identify what is the best direction and target.
In relation to fundamental analysis in forex, the AI makes a correlation within the economic calendar to find news data that can affect specific currency pairs.
Understanding Finance Is Critical to succeed
No matter how you decide to learn about finance, having these skills can bring success in your professional and personal life. We always recommend learning more about finance and trading.
Disclaimer: Forex and Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money due to leverage. Forex trading is not suitable for everyone. You should consider whether you understand how forex and CFDs work and whether you can afford to take the high risk of losing your money.
The forex brokerages displayed shall disclaim the overall performance of traders in their platforms. Oanda warns that 76.8% of retail forex traders lose money trading CFDs. XTB warns that 80% of retail forex traders lose money trading CFDs. FXCM warns that 74.74% of retail forex traders lose money trading CFDs.
The performances aforementioned are not related to Wiseinvest AI forex trading and AI forex signals system. You can check the performance of our AI forex system on our dashboard.