The Worlds Richest Forex Trader — Bill Lipschutz — FxLifeStyle.

Lipschutz was born and raised in Farmingdale, New York. He earned good grades throughout junior high and high school. One of his favorite subjects was math. Lipschutz had an interest in tennis and became an avid tennis player. He simultaneously enrolled in business classes and earned an MBA in finance in from the Johnson School of Management, also at Cornell University.

In his inheritance, there were over different stocks in numerous locations. It cost Lipschutz a substantial sum in fees in order to liquidate and consolidate the risk capital into one location.

While attending school, he began investing the risk capital in his free time. He would spend hours in the library, researching and reading about the market.

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The success was, however, short-lived, as the risk capital was lost with one bad decision and a turn on the market. Lipschutz considered the loss a valuable learning experience to apply to any future investments. Through his college career, Lipschutz became more interested in the stock trading and continued to pursue it with success, while leaving his architectural degree behind.

During the time spent at Cornell, he met his wife, Lynnelle Jones, who was working for economist Henry Kaufman as a research assistant. He joined Salomon Brothers as a full-time employee in May During a Salomon Brothers training program Lipschutz was asked to be a part of the newly formed Foreign Exchange or forex trading or FX for short Department.

Salomon Brothers created a team from their traders and came up with a plan for learning currency trading. The foreign exchange markets took off about the same time Salomon Brothers were starting in the market.

He was considered to be amongst the top five of all forex traders worldwide. In , he was appointed a Director of Salomon Brothers, heading the Global Foreign Exchange Options Group and the New York Foreign Exchange Trading Desk. In he was named the Managing Director and Global Head of Foreign Exchange. Lipschutz participated in the development of both the exchange-traded and over-the-counter foreign exchange option markets. He has held a number of elected and appointed positions in the foreign exchange industry, including as a member of the Board of Governors of the Philadelphia Stock Exchange, as vice chairman of the Foreign Exchange Options Committee of that exchange, as a member of the Ad Hoc Federal Reserve Option Committee, as a member of the Advisory Committee of the Chicago Board Options Exchange and as a Director of the Philadelphia Board of Trade.

Lipschutz left Salomon Brothers, briefly opting for early retirement. In Lipschutz went to work as the President and CEO for the North Tower Group, a subsidiary of theMerrill Lynch Corporation.

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Then in he founded Rowayton Capital Management, an asset and management firm where he was the President and CEO until Facebook Twitter Instagram Youtube. Career at Salomon Brothers During a Salomon Brothers training program Lipschutz was asked to be a part of the newly formed Foreign Exchange or forex trading or FX for short Department. Share This Story, Choose Your Platform! January 3rd, 0 Comments. December 4th, 0 Comments. Leave A Comment Cancel reply Comment.

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Lorem ipsum dolor sit amet, cotenctseuer adipiscing elit Posted in Friday, July…. Risk Disclaimer Forex, Stocks, Options, Binary options, and Future trading can have large potential rewards, but also has large potential risks.

You must be aware of the risks and be willing to accept them in order to invest in the stock, binary or futures markets.