Inspiring story of successful traders

Hello Trader,
This inspiring story of hope to excite trading for new be traders and traders are undecided :
1.
George Soros made 1 Billion Dollars in one day
trading Forex. It happened in 1992 when Britain was
part of the European Exchange Rate Mechanism (ERM).
France, Germany and Italy were also members of the
ERM, and between them they had an agreement they
would only allow their currencies to fluctuate within
a certain range. This was an attempt to keep the
main currencies that formed the alliance stable.

The theory behind the ERM was sound, but it had one
main flaw. Because each country's economy was
growing, or shrinking at different rates, it proved
hard to maintain the stability in the currencies
they had hoped for. This is where the story gets
interesting.

In 1992, George Soros was in charge of a hedge fund
called the Quantum Fund. He could clearly see that
there was a basic flaw in the ERM, and positioned
himself to take advantage of it. He did this by
selling (shorting) the British Pound, which at the
time, he considered to be the most vulnerable in the
ERM alliance. The results were devastating.

When news broke that Soros had sold the Pound, it
started a wave of short selling on the Pound.
Britain did its best to try and stabilise the
currency by raising interest rates, but in the end
the sheer momentum of traders selling the Pound
forced Great Britain out of the ERM.

What I find interesting about Soros, is that he
worked as a waiter, porter and travelling salesman
when he was studying in London to support himself.
No one gave it to him on a plate, he worked for it.
(Source, worldclasstradingstar.com)

oMG - PLuNGe DoWN !!

Hello Trader
By the time you read this, you will have probably heard how bad the markets were yesterday, a day notorious for big jumps, plunge down, shrunk down, sunk down, Hiks !!
And people will blame anyone, anything, make it worse !!
As you do the same, just blame each other with nothing to do,as seem like you are in hospital and you flat-lined, you're dead.No pulse, no life.
But ... wait !!
As people start jumping ship looking for something safe to invest in - the markets become VoLaTiLe !!!!
Volatile market is Opportunity !!
Bad news makes new opportunity for great trading.
Ride the Volatility with the right one !! Surf - surf - surf !!
This is by far the most exciting time to be a trader

Cook-Cooking Forex