from George Soros? As Druckenmiller stated when interviewed for the celebrated book 'The New Market Wizards "there are a lot of shoes on the shelf; wear only the ones that fit.". I have discussed in multiple articles how you can make money trading even if you only win 40 of your trades, so, that means youre losing 60 of the time! This can be fun and even thrilling, but youre going to end up broke. You dont need them, AND they are hurting you. George Soros is famously known as The Man Who Broke the Bank of England. Anything outside of these things is totally out of our hands in the market, and the more you try to control the market the more you will lose. In the case of Japanese yen, the signal to go short was when the Japanese government said it would depreciate the currency in order to boost its economy and attract investors. What did you think of this lesson? Firstly, hard data is difficult to come by on the subject because of the decentralized, over-the-counter nature of the Forex market.
This is similar to a previous point above, but the key point here is the word contrarian. That point basically is that you can make money trading even if you dont win the majority of your trades.
However, much of the volume in retail forex trading comes from technical analysis. George Soros : The Philosophy Of An Elite Investor. A 1,000 investment with George Soros.
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But there is plenty of educational material and working. Conclusion George Soros made his initial fortune by taking a contrarian position; he bet that the British Pound would sell-off when it was high and seemed strong and most people were long. If you are over-trading and risking too much (gambling) you are experiencing high-highs and low-lows, emotionally speaking (and financially). He actually started his career as a clerk on the trading floor. Astuteness judging how perceptions are shaping market trends. There is nothing like danger to focus the mind, and I do need the excitement connected with taking risks to think clearly. Either way, he was a contrarian at heart and therefore I feel such a strong connection with his approach. And then you buy back the sterling when the loan expires.
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