Are you passionate about being an ethical investor? You’re not alone. The demand for sustainable and ethical investments has exploded in recent years.
The United States Forum for Sustainable and Responsible Investment reports that ESG assets under management (that is, ethical investments) increased from $ 12 trillion to $ 17 trillion between 2018 and 2020. Many more assets will have an ecological and ethical orientation in the years to come.
Unfortunately, it can seem difficult to come up with a great ethical investment strategy on your own. It may be even more difficult in the near future, as ethical investing changes forever in the face of the pandemic.
The good news is that ethical investors can learn a lot from leading investment experts, regardless of their own emphasis on sustainability.
Learn from leading experts to build your strategy as a sustainable and ethical investor
Forex trading can be done in an environmentally sustainable way. If you want to thrive as an ethical forex trader, you can learn from top experts. You can also apply some of the principles they teach to ethical investing in stocks and bonds.
Millions of people make money in the Forex market by successfully predicting exchange rate differences. Trading is not difficult at first glance. However, this is very misleading because all newcomers will have to suffer losses and setbacks. This is a problem that ethical investors must also face.
At the same time, the Forex market offers huge opportunities – successful traders receive stable income with minimal investment and can even become a millionaire. But the success of trading depends entirely on the trader’s ability to realize his own analytical potential, competently manage free savings and properly assess the market situation. Let’s talk about successful Forex traders to motivate you to get started.
The Best Forex Traders That Ethical Investors Can Learn From
Everyone has heard of the legendary figure in the industry – George Soros. He can be considered the most successful trader of all time. But today we will talk about lesser known, but no less lucky traders. Their stories can be great case studies for ethical investors.
1. Bill Lipschutz
This successful trader is often referred to as a sultan of currencies, and with good reason. He started his trading career as a student, with a portfolio of stocks inherited from his grandfather. He quickly assessed his initial capital at $ 250,000.
However, Lipschutz did not avoid failure – one small mistake cost him his entire fortune one day. But he did not stand up and persisted in studying trading strategies. Her first experience with her grandmother’s money and her passion for business determined her path forward.
In the mid-1980s, Bill joined the Salomon Brothers bank and managed to earn them $ 300 million in just twelve months. Then he took over the North Tower Group. In 1995, Lipschutz founded Rowayton Capital Management, now known as Hathersage Capital Management. This fund specializes in trading currencies from the Big Ten (G10) countries and its profitability is greater than 70% per year.
Bill Lipschutz gave a lot of helpful tips for newbie traders. And his golden rule is not to get discouraged when you have a bad streak. After several consecutive failures, a trader can make his biggest mistake: losing self-confidence. Doubt and uncertainty can work against you at a difficult time. An analytical mindset forces you to include other miscalculations and assumptions, but the loss of faith does not allow you to make the right decision.
2. Andrew Krieger
This trader is often referred to as the genius of currency trading. He started his trading career at Banker’s Trust and made trading history with a single trade in 1987. On October 19, Krieger sold the New Zealand dollar for $ 1 billion.
This incredible transaction allowed the fund to make a profit of $ 300 million. Interestingly, the trader only received $ 3 million when he left the company to work for Soros. At the same time, Krieger became a co-founder of the analysis agency Capital Holding Corporation, which currently regulates investments to the tune of half a billion dollars.
In 1992, Krieger wrote a book on currency trading, Money Bazaar, where he explained how the market works from the inside out. This book can be a good guide for a new trader to get started.
Currently, Krieger leads a non-public lifestyle and actively participates in charitable work.
3. Bruce Kovner
The famous American would go on to become a political scientist and was far from financial activities in his youth. However, in his thirties, Bruce discovered stock trading for himself. The trader invested his own $ 3,000 in purchasing soybean futures.
Thanks to a correctly chosen strategy, Kovner was able to multiply by almost 7 its start-up capital. However, a year later, he lost $ 23,000 in a bad deal. Soon, Kovner joined the Commodities Corporation as a trader. He manages to earn millions and build a solid reputation in the industry.
In 1982, Kovner founded investment firm Caxton, making it one of the most successful hedge funds in the world, with over $ 14 billion in assets. In just a few short years, its revenues reached $ 300 million, making Kovner one of the biggest Forex players in the world.
The basic principles of Bruce Kovner’s strategy are not to panic in the market and never to trust your market. He suggests avoiding questionable trades and thoroughly analyzes market fluctuations before each trade.
Learn from the best traders to make them an ethical investor
Do you want to make a living as a sustainable and ethical investor? Even the most successful traders started from scratch. These legendary Forex participants have come a long way to be successful. And their stories prove that each of you can achieve brilliant results. It is essential to set a goal and develop a plan to bring it closer each day.