Successful forex traders are hard to find. As a trader, I have always tried to find the genuinely successful ones. Those with a real track record, that you can trust and follow. Not just traders with another seminar, book or a course to sell.
After years or research, hundreds of hours of reading, I have compiled a list of 17 Forex Traders that have at one point shown positive results. They disclose their systems, and you can emulate their strategies to take your performance to another level.
I have gone through twitter feeds, forums, paid courses, webinars, hundreds of hours of videos, and here it is.
Here’s my list of 17 profitable Forex traders you can emulate
- Jarratt Davis: probably the best Forex course out there
- Kim Krompass: a great Forex Price Action Trader
- Austin Netzley: trade with a full-time job
- Carl Burgette (ChaosTrader63): great Ichimoku Strategies
- Sam Seiden: the Master of Supply and Demand
- Walter Vannelli: a bank dealer turned mentor
- Al Brooks: the Price Action god
- The Three Duck Trading Strategy for an easy no nonsense System
- Dan Zanger, the man who turned $10,775 into $18 million
- Karen Peloille: THE Ichimoku Expert
- Khalid El Bouzidi: one of the very few consistently profitable Forex traders
- Robby, the Amazing Ichimoku Scalper
- Benoist Rousseau, the Expert Dax Scalper
- Magnumfreak, the 1 Minute Trader
- Eclayf, Creator of The Dance Strategy
- Mongolian, “Make Money Everyday” with a 1 minute Strategy
- Davit, the Pivot Trader
These traders will not provide you with the holy grail, but their strategies and insights are definitely worth a look.
Why do so many Traders Fail and Why are so Few profitable?
Most of your success in Trading will come from discipline and psychology. Strategy plays quite a secondary role. Failure to understand that leads most aspiring traders to concentrate on finding the right strategy rather than adopting the right mindset.
Several academic studies, along with broker disclosures, have shown that only between 3 and 5% of traders are profitable. And probably only 1% are consistently so.
There is an interesting article on TheBalance.com that goes into the reasons why so few traders are actually profitable. Failure to manage risk, greed, trying to beat the market, …
Some of the traders listed below publish their strategies. Some of them make a business out of it. And some of them give it out in forums or on their website. It’s up to you to choose what you prefer.
In each case, I have indicated what is known of their strategies or where it can be found. That makes it easier for you to get inspiration from it.
But don’t forget. Successful forex trading is not only about the strategy itself.
It is mostly about the mindset and the approach to trading and risk management.
If you want to be a successful trader, you will have to work hard on the psychological aspects.
There’s an interesting article on Forexfactory about the common characteristics of successful Forex traders. Take a few minutes to read it.
Before we dive in my shortlist, you can also check this list of successful traders and hedge fund managers.
I call it the Great Big Success Page. It features links to their Net worth, etc…
Anyway, here it goes for my list of 17 successful traders whose success you can emulate in 2019.
Jarratt Davis provides the best forex teaching course you can get
Jarratt’s Davis’s course mixes fundamental analysis and price action in a combined methodology and one of the very best Forex courses. His team at Financial Source is outstanding and taught by real pro traders.
Jarratt Davis is quite a celebrity in the trading world. Barclays named him second best Forex Trader in the world for the period 2008-2013.
His team at Financial Source now teaches a very disciplined and systematic form of trading.
Mixing fundamental analysis with technical indicators, and the use of news events.
With Arno Venter, he also has a fantastic News Forex Trading course. Check it out, this is really some of the best material you can get. And it comes from professional traders who know how it’s done in banks.
It will teach you how to trade Forex with Fundamental analysis. Here’s where you can read about it :
It teaches most of his skills to aspiring traders.
Several of his students give testimonials of the success they have achieved.
Some of them with yearly performances (verified by MyFXbook) of 50 to 100% yearly.
Jarratt Davis is definitely the real thing.
I have tested many of his videos and course materials and they are prime educational content.
His website contains tons of free material that you can use to improve your skills.
Here’s a video on How to get started with Fundamental Analysis.
Trading tips and weekly videos are provided free. They will give you a good idea of how serious the program is, along with readily actionable strategies.
You can also listen to the interview Jarratt gave on the Trading Heroes podcast. It has loads of useful info also.
If you are serious about getting into Forex Trading this is definitely the number one choice I would go with.
Jarratt has also written a book about Trading a Currency fund for those of you who could be interested.
How to Trade Forex with an Audio Sqawk ? Just like Pro Traders and Hedge Funds
Most Forex traders at banks and hedge funds all use Sqawk service, providing them with a real-time market news feed. This service gives them a clear edge over regular traders.
News trading means trading market announcements. You can make huge gains doing that.
If you’re in the market right at that time when the news breaks, well … that can be quite rewarding.
At Financial Source, Jarratt Davis’s team have a course to teach you how to trade from an Audio Sqawk. You can try it out and see if that improves your trading.
Kim Krompass and the 15min Forex Price Action Trading Strategy
Her Forex course teaches you to trade around 10 Forex Pairs in the New York session after taking a look at what happened in the Asian session. All based on price action, a step-by-step method, trading long or short on trending pairs.
I got to know of Kim Krompass through her interview on the Trading Heroes podcast.
She is a pure Forex price action trader, and often trades live for her group of traders. She usually trades from the New York open.
Kim Krompass advocates a solid approach to risk and a very serious take on discipline and timing.
I took a closer look at the method she teaches.
Following her tweets and regular trade calls …
And I found that a good number of traders were reporting successful trading improvements and gains.
Her website and course contain a lot of free material. You can start by checking out some of these trade reviews to get an idea of how her strategy works.
Here’s a video on Price Action Trading Techniques you can Take to the Bank :
Kim Krompass trades mostly the 15min timeframe, in the NY or London sessions.
She follows around 10 forex pairs. Risk level is 0,5% on every trade. She consistently aims for 3x her risk as upside on every trade.
Her trade plan works with a very simple methodology.
It boils down to three simple questions for each pair that she follows:
- What did price do overnight?
- Where is price now?
- What does price need to do in order for me to execute a trade?
Our recommendation is to get a feel for what Kim Krompass is doing by following her twitter account for a while.
Austin Netzley will Teach you to Trade while Having a Full-time Job
Austin has built 4 successful businesses and provides a blueprint of 10 simple steps to true wealth (6 figures in the next 6 months). His method is taught in a book which is 27 times #1 NY times bestseller.
Austin Netzley made a fortune and retired at age 27 when he created an automated stock trading system that enabled him to achieve financial independence.
What is interesting is how he came up with such a system in order to keep trading while holding on to a 9 to 5 job.
Austin’s book is titled Make Money, Live Wealthy. In it, 75 Successful Entrepreneurs share their 10 Simple Steps to true wealth. It summarizes most of his valuable learnings on true wealth and the mindset needed to achieve it.
It tells his story and the lessons he has learnt in Wealth Building.
If you want a starting place, check out Austin Netzley’s podcast, in which he has interviewed around 75 successful entrepreneurs. You will find a ton of extremely valuable info.
The main topic Austin Netzley talks about are :
- How to get out of debt
- How to have the finances so that you can stop worrying about money
- Ways to make 6-figures per year
- How can you create a passive income from investing on the side
- What are the steps to develop an unstoppable mindset
- Try to do something you’re passionate about with your career
- Ultimately, how to find personal freedom
Carl Burgette (ChaosTrader63) can Teach you Forex Strategies using the Ichimoku System
Chaostrader63 (aka Carl Burgette) has made a name for himself trading the Ichimoku system live. He is very didactic and his site Fxatoneglance teaches this elaborate trading system.
Carl Burgette, aka Chaostrader63, is an outstanding trader.
Here’s a great video he made on Ichimoku basics for Beginners.
His website fxatoneglance is full of free resources (Forex pair reviews, technical analysis, webinars on Ichimoku).
It also has a lifetime membership for a reasonable lump sum, it has extra features that you can unlock. We highly recommend following this inspired trader.
How Sam Seiden Teaches Profitable Supply and Demand Trading Strategies
Supply and Demand is one of the purest forms of trading, trying to identify the key price levels where buyers or sellers can be found and anticipating that. Sam Seiden is a master of Supply and Demand.
His strategy and the basics of Supply and Demand are explained in this video.
Bear in mind that Sam Seiden’s strategy doesn’t work as a standalone.
However if you already have a good knowledge of price action then you can turn it into a very profitable system.
Walter Vannelli, a Bank Dealer Turned Independent Trader
Well-known from his twitter feed, you can follow a lot of Walter Vannelli’s trades real-time. He gives an inside view on how banks really trade and offers 1 to 1 mentoring for motivated traders.
If you read his feed, you will find that his approach is always rigorous and very often his analyses come spot on.
He gave an interview on the traders lifestyle podcast where he goes into a bit of the detail of his strategy and daily routine.
Walter Vannelli doesn’t have a website or a course, but he offers private mentoring, if you’re interested you should send him an email at email@example.com.
Why is Al Brooks Called the Price Action God
Al Brooks’ experience and bestselling books on Price Action are legendary. No one masters these concepts better, with a rigorous methodology he applies to his Emini trading (a stock market index future based on the S&P).
His system and strategies are pure price action reading of the market.
The Brooks Trading Course has three options, with lifetime availability and fully online :
- Price Action: Price Action Fundamentals (57 hours Plus of Video) + How to Trade Price Action (38 hours plus of Video)
- Forex Price Action: Price Action Fundamentals (57 hours Plus of Video) + How to Trade Forex Price Action (35 hours plus of Video)
- Brooks Trading Course (combo of 1 & 2)
Here’s an extract from his Price Action trading course :
I have tested this Course and it is amazingly detailed, Al Brooks provides a complete system to read the market. Along with the videos, the course includes an online How to Trade manual, a TradeStation Rebate and Intraday Market Updates.
If you want a taste of his strategies, Al Brooks gives out a free 26,000 word manual on how to trade Price Action.
Clearly one of top recommendations.
Try the Three Ducks Trading System for an Easy no-Nonsense Strategy
If you’re looking for a simple trading strategy, this simple system created by « Captain Currency » is a no nonsense system using moving averages.
The discussion thread around this strategy at Babypips is one of the most active among all their forum threads.
There is also a pdf of the system available, and if you want to see how the system works check out my 3 Duck’s Strategy Video.
Here is a recap of the three ducks steps, on the EUR/USD 4 hour chart:
- On the 4 hour chart, current price should be above the 60 SMA
- On the 1 hour chart, Price should also be above the 60 SMA
- On the 5min chart, the last high has been broken and prices are above the 60 SMA
Dan Zanger, the Man who Turned $10,775 into $18 Million
Dan Zanger holds a world record for his trading one-year stock market portfolio appreciation, gaining over 29,000%. In under two years, he turned $10,775 into $18 million.
On his website Chartpattern, Dan Zanger discloses a good part of the principles that led him to his incredible feat. Basically he trades stocks that have explosive moves up on great volumes.
Dan Zanger actually holds two records, because he is also famous for making $42 million in 23 months. Not bad for a former Swimming Pool contractor.
These are Dan’s 10 Golden Rules and Trading Tips.
You can subscribe to his newsletter (a free trial is available) where he selects
Now let’s take a look at several very successful French Forex traders
Karen Peloille, THE Ichimoku Expert, will Teach you Real profitable Trading
Karen Peloille is one of the world’s leading experts on the Ichimoku Kinko Hyo system. She has trained hundreds of Pro Traders in banks and institutions and written a very authoritative book.
She is a reputed trader, quite low-key, but known for being consistently profitable (she claimed in one interview to never have a losing month).
Karen Peloille has trained numerous traders in dealing rooms around the world.
She does not have a website and has nothing to sell, however her strategies are available in her excellent book (available in English).
Khalid El Bouzidi, one of the very few Consistently Profitable Forex Traders
Khalid El Bouzidi is another awesome Ichimoku trader, who has repeatedly demonstrated his skills on numerous forums. He has written two books (sorry, only in French) which are well worth reading.
Book 1 : Ichimoku Nouvelle Approche
Khalid El Bouzidi also has a youtube channel called Ichimoku Academy.
Robby, the Amazing Ichimoku Scalper, for more Advanced Traders
This French Ichimoku scalper has tremendous results. He has often traded live with an excellent track record. However, his system is quite elaborate (using 3 ichimoku timeframes and H2 Bollinger Bands), but not suitable for beginner’s.
His results are impressive and can be verified as he often trades live or shares screen captures of his trading sessions. He has named his Strategy the Chinkoullinger, a contraction of Chikou Span and Bollinger Band.
Here is an amazing video where he scalps LIVE using the Ichimoku system. Green arrows signal winning trades. Just watch his win ratio, amazing.
He trades on three timeframes :
- 15min for trade entries and exits
- H1 for confirmation
- H4 for overall trend
Robby uses an H2 Bollinger Bands indicator in quite a unique way. He loads the indicator on his other timeframes. Then he gets in when 15min Chikou Span breaks the H2 BB or pulls back on it. He always gets in in the direction of the trend to ride the acceleration.
To see his system in action, you can check his youtube channel (Robby Scalping, it is in French unfortunately). His system is fantastic but quite elaborate.
Benoist Rousseau, the Expert DAX Scalper
Benoist Rousseau is a French trader who specializes in index and futures trading, well known for successfully scalping the German DAX and Nasdaq index on a daily basis.
Rousseau has quite a large following and if you do speak French we encourage you to spend some time on his website and check out his Youtube channel.
Successful traders found on Forex Factory
Apart from the established names mentioned above, I have come across quite a number of traders in the Forex Factory forums that could be worth mentioning.
The FF forums do contain a lot of junk, however, if you put in the time and effort, you can come across a number of interesting individuals, with genuine approaches and seemingly successful strategies, judging by other traders comments, but please note I had no way to verify these trader’s track records.
In any case, the richness of these forum threads will teach you a lot. The exchange of ideas, the chart representations, the trades and journals described, all are a fabulous trading school.
Here are these mostly short term traders.
Magnumfreak, the 1 Minute Trader
Magnumfreak made a name for himself as an outstanding 1 Minute trader. His profile and threads can be found on the Forex Factory forum.
Here is the recap of his first 1 minute strategy, as disclosed by Magnumfreak
His latest challenge, started early 2020 is t trade an account from 670$ to 1 million$. It is described here.
Magnumfreak disclosed one of his trading strategies in a thread called “Freakish results”
He is definitely a trader worth following, however he consistently insists on the necessity for each trader to do his own due diligence without blindly copying a system.
Eclayf, Creator of “The Dance” Trading Strategy
Eclayf is another celebrity on Forex Factory. He is the creator of The Dance Strategy. Quite inspired by Magnumfreak and Turveyd, two other FF traders, he created this 15 min Strategy.
Everything about this strategy « The Dance » is Inside the thread, you can even download a PDF of Eclayf’s journey in trading and his full strategy.
Mongolian, “Make Money Everyday” with a 1min Strategy
Mongolian is a Price Action Trader whose goal is to capture as many 12 pip moves as he can. He draws key levels and uses Pivot Points.
His full 1 minute Strategy can be found in the thread here, he is very transparent in the methodology.
Davit, the Pivot Trader
Another very reputed trader at FF is Davit. He trades a Pivot Trading strategy that can be found here.
Another great way to learn about great traders is to dive in the Market Wizards
The traders listed in this post are not the big names in trading, but if you want to know more about the big league traders, you have to read Jack D. Schwager’s books from the Market Wizards series.
Bonus tip: copy the best traders
If you don’t have time or the energy to trade your own strategy, another valid option is to go for social trading. Using some platforms such as eToro, you can achieve some good returns by following the best traders, using the copy trading functionality. That option is 100% passive and can be a good choice.
If you’re interested, you can read my post where I explain how you can Copy the Best traders.
Do you know a Forex Trader that has a verified track record, a strategy that could be emulated and that you think could be added to this list ?
If you do, share it with us in the comment box below.
Disclaimer: some of the links above are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase
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