- Top Forex Traders In The World 2021
- Forex Trading Income Mastery:how Much Do Forex Traders Make
- What Are The Skills You Need For Forex Trading?
- Which Country Is Best For Forex Trading?
- Top 10 Forex Strategies For Profitable Trading In 2021
Top Forex Traders In The World 2021 – The World Trading Championship is the unofficial world championship of forex and futures trading organized by the US-based Robbins Financial Group Ltd. Trading elites from around the world meet here to compete for the number one spot and more coveted trophies.
The World Trading Championship was established in 1983. They are held regularly and are divided into two categories: the World Cup Championship of Futures Trading® and the World Cup Championship of Forex Trading®. Other categories are offered, but on an irregular basis. The organizer, Robbins Financial Group LTD, invites traders from all over the world to participate. And many businessmen accepted this prestigious invitation. For a trader, this is the ultimate opportunity to test his skills and earn the respect of the trading community.
Top Forex Traders In The World 2021
Participants come from different countries spread across all continents. Some of the past few participants include:
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The rules of participation are quite simple: each participant trades on his own account with his own money. 5,000 minimum account deposit for forex events. There is no entry fee for both categories. Traders can register at any time during the entire competition period which runs from 1st January to 31st December every year.
There are no rules regarding which systems, trading methods or strategies a trader can use. You will find day traders, swing traders or traders who have held their positions for weeks and months all taking part in the competition. Some use discretionary methods, while others use computer systems to automatically enter the market. Every single trader has the same, single goal: to achieve the highest possible net profit at the end of the competition. The only rule to remember is to trade at least 10 “round turns” of any amount to qualify for the price.
A position on the World Cup advisory team can be a career-boosting opportunity. The best performance of the competition can become the material for presenting the live trading program on the WorldCupAdvisor.com platform. Here, the public is offered the opportunity to do the same business as WCA advisors on a monthly subscription basis.
This can vary significantly from year to year. In 1987, Larry Williams won the futures trading competition with an incredible net return of 11,376%. His initial investment of 1,137,000. This makes Larry Williams, the first futures trader to use the COT report as the basis of his trading, the undefeated champion.
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On the other hand, a modest return of 53% was enough for David Cash to win a futures trading event in 2001. In the same year, Larry Jacobs emerged as the winner of the equity competition with a net gain of 3%.
Do you want to know more? Visit the World Cup Trading Championship website. Find the actual location here.
In 2017, my trading results were good, my trading account was growing and my profit was stable. Just over a year ago, I quit my day job to make my living as a professional futures trader. I was trading a COT strategy that I learned from Larry Williams.
Larry Williams himself was a participant in the World Trading Championship. In 1987, his strategy won him the competition and an incredible 11,376% net return! Its starting capital is 1, 137, 600; An image that should last a long time.
Forex Trading Income Mastery:how Much Do Forex Traders Make
By then, participating in the championship was a dream of mine for a long time. Not only did I want to emulate my role model and teacher Larry Williams, I also wanted to show that good returns can be achieved with controlled risk and a rock-solid strategy. And I wanted to step out of my comfort zone, showcase my skills and compete with other top traders.
The participant’s stamina is tested before the competition starts. The registration process involves so much paperwork that it is advisable to start the registration formalities six weeks before the planned start date.
From the start, I caught a market phase that was not favorable and I immediately went into a drawdown that lasted eight weeks. By the end of February I was able to turn things around.
Because of my strict risk management, my small starting capital allowed me to enter trades with a maximum of 750 stop losses in the first three months, which meant that my account could grow very slowly.
What Are The Skills You Need For Forex Trading?
I knew that if I wanted to win, my account had to grow quickly. But increasing risk was not an option for me. After all, I am a businessman and not a poker player. So I decided to integrate an additional trading system into my system. It also allowed for additional diversification, which reduced the volatility of my capital curve. And I got more trades at reasonable risk.
I consistently traded my plan and, by the middle of the year, I achieved 50% capital growth. Then, at the beginning of August, I climbed into the top five with a net profit of 62%, and soon after, I climbed into third place for the first time.
I then stuck to my plan. The account grew steadily without any major fluctuations and on December 11, I was able to break the 100% return barrier. I’ve doubled my starting capital!
By the end of the year, I was third in the competition with a net profit of 111%.
Which Country Is Best For Forex Trading?
After taking some time off the following year for personal reasons, I returned to competition in 2019.
“Global Cup Derivatives Trading Championship” combines futures and options trading. I, however, decided to stick with trading futures exclusively. The competition ran for the usual twelve months, but the start date varied.
I have reworked my strategy from the previous event. After a thorough evaluation, I have slightly adjusted a few approaches based on my experience from the 2017 World Cup.
Unlike my first attempt, this time I got off to a great start. After only a few trades, I was already in the top five. Although there were constant ups and downs throughout, it wasn’t part of my plan to drop out of the top five after securing a spot there.
Top 10 Forex Strategies For Profitable Trading In 2021
Just two months later, in early August, I briefly led the board. After that, I dropped back to fourth place and things got interesting again towards the end of the event:
This final publication of the leaderboard dates from May 28, 2020 – two days before the official end of the competition. I was in 4th place, just 1.1% behind Robert Miner. But we both had open positions that had to be closed the next day!
Although my competitor lost his last trade, I was able to secure a win and thus finish third with a clear lead.
Once again, I was taking home one of the coveted trophies. I reached third place a second time, but with a significantly higher gain.
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This year’s World Cup Trading Championship round ends on May 28, 2021. This is the third time we have participated in the competition and for the third time we are in the top group of five best traders in the final evaluation.
In 2017, we participated for the first time and got third place. In 2019/20, we finished third. When we start the current round in 2020, the global corona lockdown is in full swing.
After the announcement of the Corona pandemic, the financial markets experienced a “super-GU” and the futures market was no exception. Another World Cup Trading Championship was scheduled to begin in June and this was not a good sign.
We went through a very volatile phase at Insider Week. In the second half of the year we went into a prolonged drawdown, from which we emerged only in the second quarter of 2021. And of course, doing business in competition was not very easy.
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Markets were extremely volatile. Some participants managed to advance to the top group with fantastic results at short notice – only to relinquish their top spots a week or two later and say goodbye to the rankings. That’s not what we do at InsiderWeek
Quick wins usually go down just as quickly. We rely on constant, long-term profitable trading. For the third time in a row, we are now able to demonstrate that our trading methodology based on COT data meets these expectations.
Our strategy is based on a trusted and tested foundation. At this difficult stage of the market, it sometimes becomes clear that COT data may not even provide reliable signals. Then it was an exercise in discipline and patience as well as just waiting. Repeated success has proven us right!
We will compete again in the next championship. We will finish in the top group again. We have one more goal to drive us:
Christoph Radecker And Patrick Nill Tested Their Skills At The 2023 World Cup Trading Championships.
In our Champion Coaching at InsiderWeek, we share the specifics of our championship strategy
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