professional Forex trader. One way to improve is to learn by example and to look at some of the most successful Forex traders in the world. For this reason, it is vital to switch to a live account trading as soon as you're ready. And like our other successful Forex traders, the Sultan believes market perceptions help determine price action as much as pure fundamentals. In this article, you'll learn about what the top Forex traders in the world have in common and how those strengths helped them to make huge profits. Stanley Druckenmiller considers George Soros his mentor. But there is plenty of education material and working Forex trading strategies available to better equip your trading performance. Black Wednesday, comments came from the President of the German Bundesbank. In the weeks leading up to Black Wednesday, Soros used his Quantum Fund to build a large position short of sterling.
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Courage the willingness to be different from the rest of the crowd, most of the time. It takes time, effort and passion too. This is the path to follow in order to become a good Forex trader. This was played out in his famous sterling short, where the devaluation of the pound only occurred when enough speculators believed the Bank of England could no longer defend its currency. This mechanism required the government to intervene if the pound weakened beyond a certain level against the Deutsche Mark. Here we see Soros' strong appreciation of risk/reward - one of the facets that helped carve his reputation as the best Forex trader in the world. But on the eve. Forex CFD webinars and also examine trading terms so that educational materials are easier to understand. Druckenmiller worked alongside him at the Quantum Fund for more than a decade. Otherwise, failure is almost certain.