We have discussed how to use the advice that top forex traders give you. In short, learn how forex markets work, and then critically look at what they recommend. Each one has their own strategies you must understand, so you need to figure out what works best for you. Here, though, we will discuss some of these forex successes.
Geogre Soros is a name a lot of people would know about. Even those not in any forex markets. He is of Hungarian birth. His name was originally Schwartz György, and was born on the 12th of August, 1930.
When he was young, he studied at the London School of Economics and Political Science. There, he graduated with a degree in Philosophy in 1952. He was already trading at this time, however.
His most famous move was in 1992. He shorted the pound at the time, during the Black Wednesday crisis, which resulted in huge gains. This has resulted in his nickname, the “Man Who Broke the Bank of England”.
He now has a net worth of around $8 billion. A large part of his funds, $32 billion, is in his Open Society Foundations.
Joe is of English or British birth. He was born in London on the 5th of February, 1937.
He had been quite enthusiastic about trading from a young age. By the age of 15, he had left school, quite an unusual route. The reason was to help with the family business. He did not end up going back. However, this did not stop him, and he still experienced extraordinary success. Especially once he moved into stock trading.
His reason for fame is much the same as Soros’. He shorted the pound in 1992 in collaboration with George Soros. In fact, he made an even greater profit than Soros at the time.
His net worth is currently at $4.8 billion.
Next time, we will discuss even more of these traders.