Successful forex traders are hard to come by.
The statistics are dreadful, and there seems to be agreement on the fact that barely 4 to 5% of forex traders are consistently profitable.
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, …
But hey, some traders do make it, and this is what we’re interested in today.
As a trader myself, and after years of scouring the web in search of learning material, experience sharing, twitter feeds, forums, paid courses, webinars, I have come up with a list of traders that I believe are worth following.
They will not provide you with the holy grail, but their strategies and insights are definitely worth a look.
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.
If it were up to me, my number one choice would definitely be Jarratt Davis, probably the most credible with an all-weather system designed for most market conditions.
In each case, I have indicated what is known of their strategies or where it can be found, making it easier for you to get inspiration from it.
However don’t forget that successful forex trading is not only about the strategy itself, but 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, you should take a few minutes to read it.
Before we dive in my shortlist, I have a complete list of successful traders and hedge fund managers that have found success over the years, all in the Great Big Success Page.
Anyway, here it goes for my list of 17 successful traders whose success you can emulate in 2019.
Jarratt Davis made a name for himself when Barclays named him second best Forex Trader in the world for the period 2008-2013.
He now teaches a very disciplined and systematic form of trading, mixing fundamental analysis with technical indicators and the use of news events.
He also has a fantastic Forex Trading course (setup with Arno Venter at Financial Source) that 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, we 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.
Trading tips and weekly videos are provided free and can 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.
We got to know of Kim Krompass through her interview on the Trading Heroes podcast.
She is a pure Forex price action trader, with a solid approach to risk and a very serious take on discipline and timing.
After taking a closer look at the method she teaches and following her tweets and regular trade calls we found out a good number of traders were reporting successful trading improvements and gains.
Her website has a lot of free material, you can start by checking out these trade reviews to get an idea of how her strategy works.
Kim Krompass trades mostly the 15min timeframe, in the NY or London sessions.
She follows around 9 forex pairs, goes with 0.5% risk on every trade and aims for 3x her risk as upside on every trade.
Her trade plan works with a very simple methodology, boiling 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 made a fortune at age 27 when he created an automated stock trading system that enabled him to achieve financial independence. You can listen to his story in the interview he made with Hugh Kimura of Trading Heroes here.
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. He has also written a very interesting book (Make Money, Live Wealthy) about his story and the lessons he has learnt in Wealth Building.
If you want a starting place, check out Austin Netzley’s podcast https://yoprowealth.com/, in which he has interviewed around 75 successful entrepreneurs. You will find a ton of extremely valuable info.
Austin has also written a book that summarizes how to Make Money, Live Wealthy where 75 Successful Entrepreneurs share their 10 Simple Steps to true wealth, check it out it summarizes most of his Podcast’s valuable learnings.
Carl Burgette (Chaostrader63)
Carl Burgette, aka Chaostrader63, is an outstanding trader. He uses and teaches the Ichimoku Kinko Hyo system (a system we highly recommend you to look into, see our strategy here), and has numerous videos you can watch on his Youtube channel.
His website fxatoneglance.com 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.
Sam Seiden trades one of the purest forms of trading : price action using supply and demand analysis.
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, but if you already have a good knowledge of price action then you can turn it into a very profitable system.
Walter Vannelli is an independent trader, and we came across him via his great twitter feed.
If you read it, 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.
Al Brooks is a well known and very experienced trader specializing on the Emini (a stock market index future based on the S&P).
His system and strategies are pure price action reading of the market.
His course is available on his website https://brookstradingcourse.com/ , it consists of more than 100 hours of video arranged in 52 modules. Al Brooks is also the author of four bestselling books on Price Action.
The Brooks Trading Course has three options, with lifetime availability and fully online :
- Brooks Trading Course: Price Action Fundamentals (57 hours Plus of Video) + How to Trade Price Action (38 hours plus of Video)
- Brooks Forex Trading Course : 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)
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.
Captain Currency and The Three Duck Trading system
If you’re looking for a simple trading strategy, I recommend taking a look at this simple system called the Three Duck Strategy created by someone nicknamed « Captain Currency ».
It is a simple system using moving averages, described here on this free website : http://captaincurrency.blogspot.fr/
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 this youtube video.
Now…. if you speak French…. we also have a series of very successful French traders.
Karen Peloille is one of the world’s leading experts on the Ichimoku Kinko Hyo system.
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
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 is a French Ichimoku scalper.
His results are impressive and can be verified as he often shares screen captures of his trading sessions.
He has a youtube channel (in French) which we strongly encourage you to watch.
Benoist Rousseau is a French trader who specializes in index and futures trading. He is known for successfully scalping the German DAX and Nasdaq index on a daily basis.
He has quite a large following and if you do speak French we encourage you to spend some time on his website ans check out the Youtube videos on which he is featured.
Successful traders in Forexfactory forums
Apart from the established names mentioned above, we have come across quite a number of traders in the Forexfactory 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 we had no way to verify these trader’s track records.
Nevertheless, here they are:
His profile and threads can be found here.
Read about his strategy « The Dance ».
See his profile and thread here.
A fascinating thread on M1 only traders (1 minute chart).
The traders listed above 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 and earn more than 10% per year.
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