dodelight:
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bizgenera:
George Soros


George Soros is the richest forex trader in the world.

Born Schwartz György in 1930 in Hungary, he migrated to the UK in 1947. He studied at the London School of Economics and graduated with a bachelor’s and master’s degree in philosophy.

Soros is a hedge fund manager and philanthropist. While he doesn’t invest in currency pairs alone, the foreign exchange market has played a key role in his career. He started by building his own hedge fund in 1969, after several years of trading European stocks for clients in New York. Today we call it the Quantum Fund.

Soros is infamous as the man who broke the Bank of England. In September 1992, he built an enormous short position in pounds, effectively betting against the British currency. He ended up with more than $1 billion in net profits. Generating such a fortune in a single day was unprecedented.

The investor’s move caused the UK government to withdraw the pound from the European ERM. Up until that point, the sterling’s rate was artificially maintained close to the Deutsche Mark (DM – Germany’s national currency before the euro), with the minimum rate set at DM 2.773. However, Soros considered the minimum rate too high and bet against the pound.

As a rule, forex traders’ decision making depends on market events. Interestingly, Soros’ 10 billion pound trade was one of the very few instances when a trader’s decision making actually shaped the market. The UK’s ruling Conservative Party lost credibility and didn’t return to power until 2010 including because of that move.

Net Worth
Soros’ net worth was at its height in March 2017. Forbes estimated his holdings at $25.2 billion. He was the 19th richest person at the time.

Today, people estimate his net worth at $8.3 billion. As of 2020, Soros ranks 162nd on the Forbes list of richest individuals. The figure is still impressive considering that he transferred about $20 billion to his Open Society Foundations for philanthropy.

Ahamziho1:



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bonaventure73:
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bonaventure73:
Show us your Benz from Forex or remain silent for ever

bonaventure73:
Show us your Benz from Forex or remain silent for ever

bizgenera:



Dejavu

"if you are the messiah, come down from the cross"

The teachers who taught Dangote are comfortable but not Billionaires like him. Becoming super rich depends on your drive and goals after haven learnt from a teacher.

Wise people are contacting, learning and running with the knowledge.

bizgenera:



Dejavu

"if you are the messiah, come down from the cross"

The teachers who taught Dangote are comfortable but not Billionaires like him. Becoming super rich depends on your drive and goals after haven learnt from a teacher.

Wise people are contacting, learning and running with the knowledge.

bonaventure73:


Shut up