Executed right, Forex trading can help one make an enormous fortune. It makes sense; Forex is, after all, the world's deepest market, transacting trillions every day. Clipping a small percentage is enough to break a bank account and promote a trader to a billionaire's category.
George Soros, who broke the GBP in 1992, is living proof. His bet against the GBP and the Bank of England in Black Wednesday paid off, earning him a cool $1 billion. By his bold move, Soros is now one of the wealthiest Forex traders in the world.
Joe Lewis was George's partner. He, too, took a bet against the pound, earned $1.8 billion, and was promoted to the billionaire's category.
Another wealthy Forex trader is Paul Tudor Jones, a hedge fund manager. From his "big short" of the 1987 market crash, Paul sensibly earned north of $180 million. He established Tudor Investment Corporation, which focuses on the effects of interest rates on the FX market.
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Risk Warning: Trading any kind of financial instrument, including derivatives, carries a high level of risk and may result in the total loss of your investment. You should only trade with money you can afford to lose. Trading derivatives may not be suitable for all investors. By trading with AltumFx, you acknowledge your understanding of this risk warning and your agreement with the Terms and Conditions. AltumFx always recommends you seek independent advice if necessary.