Trading Wisdom by George Soros

On September 16, 1992 – later dubbed “Black Wednesday” — the day the  British government abandoned the European Exchange Rate Mechanism (ERM), and the pound was devalued by 20% George Soros made over $1.2 billion  on his short sterling trade  and was dubbed  “The Man Who Broke the Bank of England.”  Soros funds management has returned about 20 percent a year, on average, since 1969. These are

Posted in: Technical Analysis