Having started out with a £1, loan and online tutorials, Luke multiplied his cash and now enjoys a lavish lifestyle of luxury holidays and expensive cars, which he used to wow his 13, followers on Instagram, encouraging others to buy into his success.

But Luke has since taken his Instagram account offline after LukeTradesFx and Infinity FX, his other website, appeared on the FCA warning list. He used the sites to offer online tutorials and educational courses on how to trade in Forex.

On their warning site, the FCA says: "Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation. It provides links to the sites, though the LukeTradesFx Instagram account and 'tradewithinfinity. com' website have both been taken offline.

The warning adds: "Be aware that scammers may give out other false details or change their contact details over time to new email addresses, telephone numbers or physical addresses. The link to Luke's other website associated with LukeTradesFx, however, is still active, using web platform Linktree. On it, users are taken to a link to directly contact Luke or to start a '30 Day Free Trial'.

Users can then be charged for different monthly packages providing different levels of access to Luke's trades. But while the FCA says copy trading - arranging or advising on other people's trades - is illegal, Luke insisted that he does not belong on the list among "real scammers" because he does not bet people's money for them or guarantee any level of success.

But he said he warns people not to "blindly" follow trading advice, saying he never guarantees profit. And he said his recently removed Instagram account was a way of showing off his profits without hiding behind a fake profile. If you think you have been approached by an unauthorised firm or contacted about a scam, contact the FCA consumer helpline on Our daily newsletter - To get the latest headlines direct to your email inbox every day, click here.

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He said the service he provides is merely educational. Video Loading Video Unavailable. Click to play Tap to play. The video will auto-play soon 8 Cancel Play now. Story Saved. Follow HullLive. Facebook Twitter. Thread: Who has become rich trading forex? Thread Tools Show Printable Version. gas View Profile View Forum Posts View Blog Entries View Articles. Who has become rich trading forex? Tell me your story. How can you get it? How much did you earn, how much did you lose and please be fair.

I am looking for a top 1 percent traders who will definitely beat this game. Is this the real thing, is this just fantasy! Noroxn View Profile View Forum Posts View Blog Entries View Articles. Who has come to be extremely rich and rich with FOREX? Two Enormous Hedge Funds that can manipulate the market with their trillion dollar funds Cases: PIMCO, BlackRock, GoldmanSachs, you name it Additionally Market Makers Who has made a lot of cash with this particular plan?

Example: James16 and Dialist 6 The Owners of WEBSITES such as collective2, Zulutrade, MyFxBook, etc.. REMEMBER, And that money is earned by the Big Ones.

Remember, for somebody having a trillion dollar hedge fund just like any of these US New York VULTURES, it's amazing easy to manipulate the market. They can do it daily they want, and they can cash in millions and tens of thousands of dollars each HOUR. And you as a person, you believe you have a chance? Don't lose your time and your hard earned cash in this scheme.

You're warned. Nothing else to include. Currobau View Profile View Forum Posts View Blog Entries View Articles. To be a wealthy trader isn't simple, u need to do it step by step, just utilizing a little lot and trying to create constant profit and keep it, and attempt to boost ur lot, and I am definitely feel that u may be wealthy trader.

jupkes View Profile View Forum Posts View Blog Entries View Articles. Wow that is amazing. From 30 thousand to 10Times that sum. Wow is all I can say! I could live very well on those returns. salvapedgar View Profile View Forum Posts View Blog Entries View Articles. Originally Posted by ;. quote Lol Those who saying that tagging this company as scam were losing their trade in one order, as well as got themselves cheated by poor brokers.

yttoyainhoa View Profile View Forum Posts View Blog Entries View Articles. I'm not rich but due to forex, I have pretty simple life. I do have a sizable capital to exchange though, that is the reason why I do nicely. The trick isn't to be covetous in forex, if I'm pleased with my daily gain,I shut the store, which is my MOTO. That is it. Carltt View Profile View Forum Posts View Blog Entries View Articles.

To even grasp the sheer size of this amount of trading value would be an insurmountable task itself. With such a high volume each day, it should be a surprise to anyone, that Forex trading has birthed countless millionaires and many billionaires, who are now believed to be exemplary when it comes to reaching success in this market.

These people have shown us what is possible to achieve with hard work and in the right circumstances, and as such, are now very popular among traders of all kinds who have the same aspirations. However, for each and every millionaire, billionaire, and the richest people in finance who blow our minds with their immeasurable wealth and riches, there is a story, or rather, many stories.

These stories tell us what kind of a path these people had to walk before getting where they are now, how they got there, and where they got. Soros is a Hungarian- American investor and financial magnate of Jewish descent. For many years now, Soros is known by everyone who is involved in the financial market in any way, shape, or form. In fact, Soros is such a prominent figure in the world of financial trading, that his very name is synonymous with it.

Besides being the leading financial trader and investor, Soros is also known to have a very large degree of control and involvement in the international political and economic scene. The latter is not because he has some kind of a governmental position, but rather, due to how much respect he garners when it comes to the financial markets, and how much involvement he has in political affairs due to being a major lobbyist and conducting various political activities with the usage of NGOs that he finances.

Before reaching this state, however, there were a lot of trials and tribulations that Soros had to go through. Being of Jewish descent, he had to flee from his country due to Nazi aggression and had to build a new life in the United Kingdom.

After he graduated, he quickly started getting involved with the world of financial trading. He started working at various medium-level merchant banks, and as time went on, his skills and knowledge increased quite a bit fast, and so did his capital.

Double Eagle was quite successful and attracted a lot of solid clients, whose money Soros handled excellently. Double Eagle was later renamed to Quantum Capital, which is, to this day, considered to be one of the best hedge funds to ever operate. All of this was possible due to the vast wealth of knowledge that Soros possesses on the financial markets and how they work. Due to these achievements, he is still, to this day, considered to be one o the biggest authorities when it comes to the global financial markets.

The reason for this, as mentioned, are some of the questionable activities and involvements in international politics that Soros is known for. Sure, Soros may not have been the one and only reason for this crisis, but he is for sure though to be the main one.

This was just one example, and there are many more, some of which the majority of the public does not even know. This shows us the sheer influence and respect that the man commands. The truth is, for a man who is considered to be the most richest Forex trader of all time, one should expect no less. Bruce Kovner is quite a well-known figure in the world of financial trading. For many years, he has served as one of the best examples of how one can start from zero and go to the very top with nothing but hard work and dedication.

Indeed, while there are many people in this market who got to the top based on mostly luck, Kovner is not among such people. Kovner, from a very young age, had always been an exceptionally good achiever in almost all things.

In school, he always had good grades, had participated in various extracurricular activities, was involved in sports, etc. Basically, the work ethic was something that he had been practicing for a very long time, and it paid off for him in a major way. Bruce Kovner is an American investor and philanthropist born in , with a very extensive and decorated experience and career in the financial market.

Just like Soros, Kovner is a hedge fund manager, and quite an able and successful one at that. The reason for him becoming a millionaire through Forex trading is the fact that he has always been a hard worker and had always been very dedicated to learning, studying, and constantly growing as a person.

Kovner was able to actualize his talents and work ethic to their biggest potential by going for the best education possible — the Harvard university. At Harvard, Kovner studied political economy, which was obviously a good choice for him. As was the case in the past, at Harvard, he was also one of the exceptional students, deriving maximum value out of it. Kovner left Harvard before he could finish his Ph.

A fun fact is that he had to drive a cab to support his family before he got started with financial trading. When you consider where the man is today, this is especially impressive.

Over time, it was inevitable that the paths between Kovner and financial trading would cross. It was back in when he made his first step in the financial market when he opened his first trade on soybeans. The interesting part is that he used his credit card for this, which was obviously a rather risky thing to do.

After getting the taste of what can be done on the financial market, Kovner started working at some serious high-level companies such as Commodities Corporation, a company that would later become a part of Goldman Sachs. At these companies, Kovner was distinguished by his ability to remain a calm, logical, and stoic trader at all times.

This would pay off in major ways for Kovner and is still something that he is known for to this day. One of the many things that Kovner himself attributes his being among the top rich Forex traders in the world, is his ability and dedication to not be driven by emotions, and use actual, factual data to base his decisions on. Of course, inevitably, at a certain point, Kovner would not continue working for a company, but rather, would create his first hedge fund. This was to happen in when Kovner founded Caxton Associates.

Caxton is, to this day, known to be one of the most respected and highly-regarded hedge funds ever. Kovner is held in such high regard not only because of major successes he has had in the financial market but due to how many other endeavors he has been a part of. Besides Caxton, he has served as the director of Synta Pharmaceuticals from Beyond that, he has participated in many different political campaigns and non-profit endeavors in the service of his community.

Stanley Druckenmiller was born in a middle-class Pennsylvania family in Before reaching his financial success, he was not poor nor particularly rich. It was back in when he made his very first step in the financial market, starting work at the Pittsburgh National Bank.

There, it quickly started becoming clear that the man was made for this job. In just a year, Druckenmiller, who started off as a low-level trainee, advanced all the way to the position of equity research department manager. Druckenmiller worked at the bank for around four years, until eventually he left, and started his own company, the Duquesne Capital Management.

It was precisely then that these two have become two of the richest Forex traders in the world, as is believed by many people who have been observing major events of the financial markets. Druckenmiller and Soros actually go back quite a long way. They have both worked at the Quantum Fund alongside each other for over a decade, and in this time period, Druckenmiller has managed to learn quite a lot from Soros.

In fact, he considers Soros to be his mentor. This kind of approach puts little regard on the importance of making right or wrong decisions. After a decorated and successful career, already among the richest people trading Forex in the world, Druckenmiller eventually retired in , stating that the Duquesne Fund was not able to live up to his expectations anymore. Duquesne managed to recover eventually, and Druckenmiller shortly resumed the management of the company, only to repay his clients the funds, and eventually close down the company.

He is still considered to be among the very best of the rich and successful traders that the world has ever seen, and he has proven this to be the case time and time again. Search Search. These people have shown us what is possible to achieve with hard work and in the right circumstances, and as such, are now very popular among traders of all kinds who have the same aspirations However, for each and every millionaire, billionaire, and the richest people in finance who blow our minds with their immeasurable wealth and riches, there is a story, or rather, many stories.

Forex Broker: Definition, Role, Regulation, and Compensation A forex broker is a financial services firm that offers its clients the ability to trade foreign currencies. With such a high volume each day, it should be a surprise to anyone, that Forex trading has birthed countless millionaires and many billionaires, who are now believed to be exemplary when it comes to reaching success in this market. Is Trading Forex Profitable? Man whose last wish was to die at home passes away moments after stepping through door. In , he received a BA in English and economics from Bowdoin College where he opened a hot dog stand with Lawrence B.

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