George Soros Forex Master
A lot can be learned by studying the forex trading techniques of those traders who have made their fortunes from trading. George Soros is such a man.
Soros earned the title “the man who broke the Bank of England” for his short sell of British Pound Sterling in 1992. Soros make it to the big time with that trade, earning in excess of one billion dollars.
Soros had researched the British Pound and thought that it was at least 25% over valued. He correctly forecast that the Bank of England would not be able to successfully defend the Pound as market participants, including himself, began to heavily sell Pounds.
Soros has always been more of a long term fundamental analysis type of trader as opposed to taking short term technical trades. His short sell of Pounds proved to be a brilliant trade based upon the fundamentals.
George Soros had the guts, smarts, and discipline to follow through on his research. He placed considerable assets on the line to sell Pounds once he was convinced that his research was correct.
To read about the background of George Soros in more detail go to Commodites Futures Trader. It is an interesting read.
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