“The world creates new investors every day; some of them successful and some of them not. The proof, they say, is in the pudding.” Those are the words of a senior financial analyst at Olsson Capital. New investors can learn so much from the success and tragedies of investors past. When saying tragedies, one needs to remember that through the mistakes that other traders make, one can learn so much. This includes when to let go of a trade, when the right time is to make a trade as well as why it is important to develop trading strategies.

Let’s have a look at some of the most successful and unsuccessful investors in the world and what potential investors of the future can learn from them: 

Nick Leeson

This investor was born in 1967 and, to say the least, was a rogue trader. He caused the Barings Bank to close their doors and for that, he served 4 years in a jail in Singapore. Not letting that faze him, he later became the CEO of an Irish football association.

Steven Cohen

Steven Cohen was born in 1956. He was the creator of SAC Capital Advisors and prided himself in hedge funding and trading with equities. Although the company was charged with letting inside trading take place, he still remains one of the top investors of all time.

David Tepper

David Tepper, born in 1957, was the owner of a very successful hedge fund called Appaloosa Management. He is seen as a top-class investor and specialises in distressed debt. Many co-investors sought out his advice when it came to making difficult trades and with his help; they managed to make a success of their own trading ventures as well.

John Paulson

John was born in 1955 and was the owner of a very successful hedge fund called Paulson & Co. He made millions of dollars in 2007 when he made enough to even sell the US subprime mortgage market short.

Richard Dennis

This investor was born in 1949 and resides in Chicago. He carved a name for himself as a successful commodity trader. In the ten years of his venture as a commodity trader, he made over $200 million. To top it off, he was also part of the creating of the Turtle Trading experiment.

Paul Jones

Paul was born in 1954 and made his millions by creating yet another successful hedge fund called Tudor Investment Corporation. During the market crash of 1987, he made over $100 million from his stocks.

Jim Rogers

Jim was born in 1942 and was quite an adventurous man. While being the chairman of Roger Holdings, he was also part of the creating of the Quantum Fund. This project grew by a staggering 4200 percent over the course of 10 years and made Jim Rogers the trading man of his time.

George Soros

Mr Soros was born in 1930 and created one of the most successful hedge funds in the history of hedge funding. This fund was called Soros Fund Management and in 1992 he made himself a generous profit of $1 billion after just one sale.

There are a number of investors that also made a solid mark in the trading industry as well as changed the way trading will be done forever. With each trader that sets foot in the trading world, new ideas form, new strategies rise and new obstacles form. For new traders, it is always a huge honour to be able to learn something from another seasoned trader. By looking at the mistakes these traders made in the past, they can use it to their advantage by noting what to do differently with their own trading ventures.

From the above-mentioned successful traders, it is evident that making a profit starts with hedge funding. This, however, is not the only way of making a profit. By making traders with precision, the chances of you making a profit is much greater. If you keep making trades like these, with the occasional loss or two, you too, can become a world-famous trader and make your mark in the trading industry.