The 7 Deadly Sins of Forex

George Soros is another great example of legend distorting fact. His role in Black Wednesday (September 16, 1992) is well publicized. Soros’ Quantum Fund sold short nearly $10 billion dollars worth of British Pound, and forced the Bank of England to float its currency or face collapse.

This bold move netted Soros and his associates over $1 billion dollars profit. Not bad for a day’s work, certainly, and enough for a few tanks of gas in the limo without question, yet the return on capital was around 10%. The returns were large; so was the investment.


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