HFM information and reviews
HFM
96%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FBS information and reviews
FBS
88%
Vantage information and reviews
Vantage
85%
XM information and reviews
XM
82%

Know Your Heroes: Successful Traders of Modern Era


We bet you’ve heard many times that a great journey starts with a small step. What if we say that success is just a journey, not a final destination. But where you have to go to manage your path to the heights? Plunge into the most exciting stories of success to learn from the insights.

John D. Arnold: from an analyst to a billionaire, Net worth $3.3B


The Beginning

John Douglas Arnold was born in Dallas, USA, in 1974. His family is a regular American high-middle class one: his father was a lawyer, and his mother was an accountant. John was a young genius. How otherwise you can describe the fact that he entered Vanderbilt University and graduated in mathematics and economics in just three years!

Work

His trading journey started quite early. As a kid, Arnold bought hockey cards in Texas and sold them in Canada. Being a postgraduate, he went to earn money on Wall Street in 1995. His knowledge allowed him to begin his trading career in the energy giant – Enron Corporation, where he worked as an oil analyst. But Arnold’s ambitions were high enough to become an assistant trader. He showed an excellent performance in this position. At the age of 21! He kept up with the times, and in his work, he actively used modern technologies of the Internet and algorithmic trading.

Of course, such outstanding profitability couldn’t go unnoticed. The higher management of Enron entrusted him with trading natural gas derivatives, in addition to oil, and then he had a promotion.

How did it Come?

Everything went well for the trader. In 2001, Arnold made $750 million for the company. He received a bonus of $8 million for this outstanding achievement. However, there was the flaring scandal around Enron’s endeavours to conceal losses through offshore companies, which played a part in the company bankruptcy. This event and the related fraud scandal shocked the US energy sector at that time. Market volatility lowed extremely and left traders no opportunities to earn.

John Arnold managed to take advantage of the crisis. He played on his own and created a hedge fund called Centaurus. Due to his analytical skills, the trader could predict that the crisis was resolved by itself. So, energy prices went up, and market volatility also increased sharply – Arnold and his company had already been one of the most skilled players in the game.

What’s Now?

Despite Arnold’s exceptional abilities and annual company returns of more than 150%, in 2012, when he was just 38, he decided to close the fund. Together with his wife, one of the youngest billionaires in the world opened a private foundation. It focuses on education, healthy, tax policy, and criminal justice.

Secrets of Success

When the journalists asked Arnold about his life journey and lessons that he learned, the famous trader revealed three common truths:

Be careful with money.

Arnold’s parents taught him to appreciate money no matter its quantity. As you may remember, his mother was an accountant, and she was always looking for coupons and deals. Can you imagine?

Think about the downside of things.

He confessed that the Enron collapse showed him the necessity of proper control in the places. All the business lines should be well-run for the impressive performance of the whole company.

Wealth is very fleeting.

There is always a difference between how you’re doing and what’s on your paper. Arnold said that he might have been doing extraordinarily well, but his actual money was tied up in Enron stock and options.

John W. Henry: from a farmer to a billionaire, Net worth $2.2B


The Beginning

John William Henry II was born in Quincy, USA, in 1949. His parents were soybean farmers, and he spent his young years in the green plains of Illinois and the brush land of Arkansas, where he lived with his grandparents. When he was 15, the family moved to California due to John's asthmatic condition. He entered the University of California, where he majored in philosophy, but failed to graduate because he played on the road in two bands.

Work

When John was 25, he took over his family's farm after his father's death and began to dive deep into hedging techniques. Henry started trading corn and soybean futures to learn more about the basics of hedging the price risk of holding an inventory of these commodities.

He worked without formal associations to Wall Street and managed to have a unique journey in the world of trading. A dropped out boy from a farmer family, in 1980, he invented a mechanical trading system based on identifying and following price trends. This mechanism allowed a trader to observe past data to see whether a real-money trade could work or not.

In 1981, after the system had been tested, Henry found John W. Henry & Company, relying on his impressive expertise and money earned on trading.

How did it Come?

Since establishing his company, John developed many innovative investment programs in futures, foreign exchange, and fixed income. He won acclaim for his systematic approach to trend following.

From his hedge fund trading, Henry became a multi-millionaire. He was worth $840m before the credit crunch hit in 2007, which influenced some of his company branches. The company tried to recover after the crises but to no use. In 2012, the John W. Henry & Co firm stopped managing their clients' assets.

Although he built his fortune as a trader, Henry's journey to success wasn't over. Even though he always had a knack for numbers that reflected in his approach to trades. He also had a passion for baseball. Throughout his career in finance, he owned several baseball teams.

In 2001, together with his partner, Henry established a sports company called New England Sports Ventures. The company is called Fenway Sports Group now, and it owns the Boston Red Sox, 80% of the New England Sports Network, which also carries the NHL's Boston Bruins, Fenway Park, Fenway Sports, various real estate properties surrounding Fenway Park, and, last but not least, Liverpool Football Club.

What's Now?

Being a successful, intelligent billionaire, now John Henry is retired from trading and busy being a principal owner of FC Liverpool. In interviews, he said that it's a great pleasure for him to interact with fans. Now he is happily married, and together with his wife, he takes an interest in sport, journalism, and science.

Secrets of Success

During his journey, John found some universal rules, which help him to be so productive:

Discipline is more important than genius.

John Henry is respected for his intellect. He has a powerful ability to see opportunities for profit where others don’t. However, it would be impossible to create such a brilliant career with neither degree nor rich parents and having no proper self-control as well.

Everything in life has trends.

To understand what move is next, you should consider the past. John believes that many aspects of life can be easily predicted if you conduct a profound study on the topic of your interest.

Constantly look for ways to create value.

Creativity itself is less worthy than the ability to show the results. Performance is always more important than capability. John Henry used to say that and also proved it in his own work.

Bottom Line


As you can see, no matter how wealthy your family is or how well your exam results. There’s hope for everyone who is ready to develop their trading skills and train a lot. Inspire, learn, trade, and achieve with your reliable broker.

#source


RELATED

The Essentials of Commodity Trading: A Beginner's Guide

Commodity trading, involving the buying and selling of raw materials and agricultural products, is a complex yet rewarding venture in the financial markets...

The core concept of money management

Risk management, also known as money management, refers to a number of trading techniques employed to lessen risk exposure. Being affected by various factors...

How To Set Financial Goals In A Crisis

Clearly setting goals is an important step on the road to financial success. They, unlike abstract desires, will definitely work. At all times, you need to be serious and conscious about this question...

Addressing Trading Biases: Managing Psychological Factors In Day Trading

In the intricate world of day trading and investing, psychological dynamics play a crucial role in shaping decision-making and overall success. Traders, regardless of their level of expertise...

Get Exposure in Amazon Stock Via CFDs: Insights for Traders

Amazon is unarguably one of the world's most successful companies. Amazon is a marketplace for vendors and buyers of different products from across the globe...

Frequently asked questions about Cryptocurrency CFDs

Bitcoin is a digital currency that was created in 2009. Its creators are unknown, as they disguised themselves using the alias of Satoshi Nakamoto. When Bitcoins are bought or sold...

Technical and Fundamental analysis

Technical analysis complements fundamental analysis by focusing more on numbers, patterns, and statistics, instead of the intrinsic value of an asset...

Swap, Spread and Everything You Need to Know about Forex Market Commissions

It comes as a surprise for many newbies to see a negative balance when they open their first trade, although the price has not moved. It comes to...

3 Common Trading Mistakes that can Affect your Trading Plan

How long does it take to profit in online trading? Check out this article to see 3 common mistakes made by traders that may also be affecting your trades!

Trading Highly Liquid Currency Pairs: A Comprehensive Guide

Venture into the dynamic domain of trading fluid currency pairs. Dive deep into understanding the moments of rise and fall, uncover the forces that mold each currency...

How to use MT4 WebTrader: A Useful Guide

In 2005, the MetaQuotes Software released the MetaTrader 4 trading platform which is an electronic trading platform that includes all the required features...

Common Mistakes Made by Novice Traders and How to Steer Clear of Them

Trading in the financial markets is a realm that beckons many, but it is fraught with challenges that often go underestimated by novice traders. A lack of profound understanding of market intricacies...

Trading 101: Trading with the Trend

Trading with the trend is favoured among traders as it allows them to make the most out of momentum in the markets. If you are new to trading, you can look...

The origins of Forex

The modern international currency trade is only 42 years old, but in 2019 this market reached a daily turnover of $6.6 trillion (the estimate for 2020 is $10 trillion!)...

Forex Trading Sessions: Types And Features

The schedule of forex trading sessions allows the trader to determine the best time to start working. During different sessions, the volatility of assets changes: increases or decreases...

IronFX: How do I start trading forex online? A complete guide

Simply put, forex is a financial market that allows trading currencies globally. If traders believe that a currency will be stronger in value than its pair and if this is indeed the case in the end...

Understanding Financial Market News and Trends

There are many ways to trade the financial markets, all of which require a good understanding of financial market news and trends. This requires a combination of knowledge...

How to Choose the Best Forex Broker

Choosing the best forex broker to open a trading account is quite hard as there are numerous choices available online. Although competition is very high pushing brokers...

What is the financial market?

By definition, the term financial market refers to any marketplace where financial products are traded. These include the stock market, bond market, foreign exchange market...

Seven Tips for Trading Gold Forex (XAU/USD)

Trading gold forex (XAU/USD) has become more popular as forex, silver traders or metal traders look for positions that have the potential to go against inflation or market volatility...

FP Markets information and reviews
FP Markets
81%
RoboForex information and reviews
RoboForex
77%
IronFX information and reviews
IronFX
77%
T4Trade information and reviews
T4Trade
76%
Exness information and reviews
Exness
76%
Just2Trade information and reviews
Just2Trade
76%

© 2006-2025 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.