Making a billion dollars as a Forex Trader would obviously be pretty cool.
But making that much in a single day would be legendary.
That's exactly what one famous Forex trader did back in 1992.
He made $1,000,000,000 in ONE DAY!
But HOW did he do it? What did he know that other traders didn't?
And most importantly, is there a strategy or tactic you can use to reap HUGE profits for yourself?
I'll answer these questions in a minute, but first, let's continue with our ongoing discussion by
discussing what Forex Traders are actually doing.
The simplest explanation is that forex traders are betting that one currency
will increase in value against another.
Someone may see that the euro is rising against the dollar and sell their dollars for Euros.
Once the euro peaks, they sell the Euros back for dollars and end up
with more dollars than they started with.
Sounds good, doesn’t it?
The trick is in the timing, knowing when to get in and when to get out.
It’s like that old country song; you have to “know when to walk away.”
Anyway, enough about old music; let’s get to the start of the matter: The market.
There’s more money in the forex market than any other market in the world.
An average day sees about 5.3 trillion dollars in forex trading.
That’s $5,300,000,000,000 changing hands every day.
It’s a big pool with plenty of room to play.
Part of this is because the forex market isn’t like the New York Stock Exchange (NYSE)
or any other stock market.
They’re geographically limited and only execute trades made during
certain hours in a specific place.
The name “Forex Market” gives the impression that currency trading is handled the same way.
It isn’t.
The forex market exists at any time or place one currency is traded for another.
It’s not a single monolithic market, but the sum total of all the markets where people trade currency.
Needless to say, it’s much bigger than either stocks or futures: two or three times the size at least.
Because it’s made up of all the major markets, and any minor ones that trade currency, linked electronically,
you can follow the sun from market to market and not stop trading from when the first market
opens on Sunday until the last one closes on Friday.
If you do, we want the deal to supply your coffee.
It’s also what’s known as a spot market.
In a spot market, trades are made immediately, there’s no waiting period.
Think of it as if you’re buying something “on the spot.”
When you issue an order to buy, you’re saying how much you’ll pay right
now for immediate delivery.
This is as opposed to a futures market where you’re entering into an agreement
to buy something later for an agreed upon price.
So, back to the original questions about George Soros,
and how he made $1 billion in a day.
Although many commentators will provide a complex answer saying that you would need detailed
knowledge of how exchange rates between countries work, the macroeconomic tools governments
use to stimulate economies, and how hedge funds make money...
I say that George just had a firm grasp on the FUNDAMENTALS of Forex Trading.
Now, there's little chance you can become a student of George Soros . . .
But, you can get started on the right path with the comprehensive training program I've put together.
So, if you're serious about becoming a Forex trader like George . . .
Click Here To Get Started
To your trading success,
Dustin Pass
Global Profit Systems International, 15502 Stoneybrook West Parkway Suite 104-153, Winter Garden, FL 34787, US
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