Forex Articles Leave a comment. In , he founded Soros Fund Management and became its chairman. He built a short pound position leading up to September , recognizing the potential negative impact on the British pound of the European Exchange Rate Mechanism. Outside of trading, Soros has been active as a philanthropist since the s, providing funds to help education efforts in South Africa. He also backed groups that acquired baseball and soccer teams, with a SEC filing showing that he holds a 1.
He is also the author of Pit Bull: Trading under the tutelage of George Soros has allowed Stanley Druckenmiller to carve out a highly successful trading career for himself. He is actually partly credited for being able to foresee the potential pound crash way ahead of the UK Black Wednesday crisis in He is said to have a net worth of 3. For more than a decade, Druckenmiller managed money for Soros as the lead portfolio manager of the Quantum Fund.
He was born in Pennsylvania and grew up in a middle-class household. He stayed with the bank for a year before creating his own firm Duquesne Capital Management. In , he was hired by George Soros to trade for the Quantum Fund and the rest, they say, is history. Psychology, Trading Tactics, Money Management. Prior to focusing on trading psychology, Elder worked as a psychiatrist in New York City and taught at Columbia University.
His professional trading approach focuses more on money management rather than technical aspects, employing his three Ms: Lawrence Hite is a hedge fund manager who focuses mostly on systems trading.
In , he co-founded Mint Investments and eventually grew it to become one of the largest commodity trading advisor firms in the world. After more than three decades in commodity trading, Hite formed his own Hite Capital Management firm, focusing on proprietary trading and the funding of continued research and development in the field of systems trading.
He also became the principal investor and chairman of Metropolitan Venture Partners. Outside of trading, Lawrence Hite has also been active in philanthropic activities, creating his own charitable enterprise called Hite Foundation.
Jack Schwager should be a familiar name for those interested in trading financial markets because of his popular Market Wizards books. In addition to these, he has written other publications on hedge funds, commodities, technical analysis, and futures trading.
He also gives talks in conferences, seminars, and provided lectures for various analytical topics. There is no substitute to education and practice in this endeavor, but these wealthy folks could serve as inspiration for those who are just startin out.
Get in touch with easyMarkets now to find out how. Please ensure that you understand fully the risks involved and do not invest money you cannot afford to lose. Your email address will not be published. Stanley Druckenmiller Trading under the tutelage of George Soros has allowed Stanley Druckenmiller to carve out a highly successful trading career for himself.
Lawrence Hite Lawrence Hite is a hedge fund manager who focuses mostly on systems trading. Schwager Jack Schwager should be a familiar name for those interested in trading financial markets because of his popular Market Wizards books.
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