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Alexey (Alexey1979)
Jan 05 at 19:33
11 messages
It is not good example.
George Soros was one of these bearish currency traders, amassing a short position of more than $10 billion worth of Pound Sterling. Black Wednesday is widely known as the day that billionaire currency trader George Soros broke the Bank of England and made over $1 billion or 10% of profit.

Does common trader have $10 billion to earn $1 billion?
Could the simple trader be a part of Forbes if he makes $1000 using his $10 000 capital?

Soros Fund Management invests globally, and the long positions in the US market reported in the 13F filings represent ~20% of the overall portfolio. The 13F portfolio value decreased ~10% this quarter, from $4.48B to $4.08B. The number of positions decreased from 141 to 132. Very small stock positions and large debt holdings together account for ~20% of the 13F holdings. The investments are diversified, with a large number of very small equity positions, a small number of large equity positions, and a few large debt holdings. The focus of this article is on the larger equity positions. The top three individual stocks held are Liberty Broadband (LBRDK), D.R. Horton (DHI), and Palantir Technologies (PLTR).

If you work hard, you dont have enough time to make money
Christian Paul (8christianpaul8)
Jan 05 at 23:25
83 messages
The best example I can think of are the Turtle Traders. Yes, their chosen markets are very diverse but still, currencies are part of it. I don't see any reason on sticking to just one market.

In addition, have you checked all of the people on the Forbes list? I'm sure there are a few who have traded currencies. I don't think they stick to only one source of income, right? That's not how rich people operates.

Trading is a marathon, not a sprint.
Christian Paul (8christianpaul8)
Jan 05 at 23:27
83 messages
Sorry, it sounds as if I'm trying disapprove your point. I just don't see the point of overgeneralizing that no currency trader is wealthy enough to be in Forbes.

Trading is a marathon, not a sprint.
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