Vellykket Forex Trader foreign exchange market revolves around fluctuations in the price of currencies such as: the US Dollar, the Japanese Yen, the Euro and the Pound Sterling. There are more exchange currencies, and in many occasions, big players have amassed their fortune by trading with them. Mexican Peso or the Swiss Franc. Most forex traders keep a low profile and avoid being in the spotlight.
They build their fortune in silence. I really feel that if one is successful, one of the rewards of your success is the quiet enjoyment of it. Lewis does not allow newspapers to put him in the headlines. Something similar happens with Urs Schwarzenbach. Everyone has heard of George Soros or Paul Tudor Jones, why should we know precisely Urs Schwarzenbach? We have already revealed 2 names of the world’s 10 most successful forex traders.
So, who are these major players in forex? In 1936 his birth surname changes from Schwartz to Soros as part of an elaborate plan concocted by Soros’ father, Tivadar Soros, to hide their identities in the face of the extermination of Hungarian Jewish people by Nazi Germany. Soros emigrated to Switzerland in 1946 escaping the soviet occupation, later emigrating to England in 1947. He worked in many different trades as he studied in the London School of Economics and Political Science. He graduated in Philosophy in 1952. In 1969, after working at various financial companies, he founded the Soros Fund Management company dedicated to the management of hedge funds. The firm has generated over 40 billion dollars in revenue since its creation.
In 1973 he founded the Quantum Fund, currently managed by his children, which becomes his primary trading venue. His leap to international fame took place in 1992 by short selling an amount of 10 billion pounds sterling. His bet against the United Kingdom’s currency brought him earnings for 1 billion dollars. It is for this reason that he holds the record for being the first person to obtain the highest earnings in a single day.
On September 16th, 1992 and as a consequence of this operation, the government of the United Kingdom was forced to withdraw the Pound Sterling from the European Foreign Exchange due to being unable to stay above the minimum agreed limit. He grew up with his middle-class family in the Philadelphia suburbs. By the end of 1980, the German Mark was suffering constant depreciations due to the serious political and social complications surrounding the negotiations for the reunification of Germany. Druckenmiller carefully monitored the situation of the German Mark and understood that the German currency was undervalued, and saw in that instant an opportunity for purchasing.