Interesting facts about the famous Mr. Soros.

Surely, there's not a single trader who hasn't heard of the famous Mr. Soros's success, but it's worth learning more about it. As is well known, Mr. Soros was able to earn approximately two billion US dollars precisely on the complete collapse of the British currency.

His trading strategy was quite simple: Soros took out a short-term loan in pounds and opened a trade to buy the German mark. After the pound fell, all trades were closed, and the exchange rate difference ended up in the trader's pocket.

According to one theory, Soros took advantage of the information that the upcoming news would not confirm the prediction of a German interest rate cut. Another theory is that he accelerated the decline by dumping 5 billion British pounds onto the market.

This amazing story can serve as a model of success for any trader.

It's significant that he began his unique ascent with an initial capital of only six hundred dollars. Over the course of a decade on the stock exchange, George managed to increase this capital to one hundred million. He was the one who began promoting arbitrage trading methods.

One of the most astonishing, yet fruitful, trades George executed involved the Japanese yen. A multi-million dollar buy trade was opened the day before, and the next day, it surged against the dollar by more than 4%.

As Mr. Soros himself says, the trade was essentially completely pointless, yet it earned him approximately forty million dollars in just one day.

Furthermore, it's worth noting that George often earned sums equal to the annual GDP of some countries, such as Chad. Moreover, the profits were realized within just a few days.

forex investment funds he founded , which are located in twenty-six countries. However, all the main investment decisions are his own.

Along with his successes, Soros has also suffered a number of setbacks, the most notorious of which cost him $2 billion, which befell the billionaire in Russia during the 1998 default.

And the most astonishing fact is that George Soros began his trading career with literally a few hundred dollars.