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Forex question Who are the greatest trader in the world?
avatar BoyceAve
Question by: BoyceAve - 21 Apr 2014, 03:26:53
Who are the greatest trader in the world?
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Answers (1)
avatar user 2467
Answer by: JustinJones - 21 Apr 2014, 03:36:57

Today I will like to share the trading strategy of Jesse Livermore. He was mainly a stock trader but we forex traders can use Livermore’s technique in forex too.I don't find enough information about the life story of Livermore, but his last days were not good. He committed suicide in 1940. Jesse Lauriston Livermore, also known as the Boy Plunger and "Great Bear of Wall Street", was an early 20th century stock trader. He was famed for making and losing several multi-million dollar fortunes and short selling during the stock market crashes in 1907 and 1929. It is said that the 1929 stock market crash was the pinnacle of his career, when he shorted stocks and made more than $100 million. His demise is most likely because he did not follow his own trading rules. Still, when Livermore followed those rules, his trading success was unparalleled. The keys to his trading are not limited to the stock market. Foreign exchange traders can apply Livermore’s techniques to gain an edge in their trading as well.

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