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Trade The Forex Like George Soros - 6 Strategies For Success   by Phillip Collinsworth

On 16 September 1992, George Soros took advantage of a devaluation of the British Pound Sterling to make over $1 billion. One billion dollars in one day.

That is the potential for profit in this market.

Of course, we can't all trade like Soros, nor can most of us command the trade sizes he manages. But the potential for making money in Forex trading is there--if we can learn the Forex system and trade intelligently.

One source I have found for reliable help in this area is a Forex Robot that monitors the Forex exchanges and alerts you to trade opportunities.

Take Control Of Your Finances

It's not easy to master world currency trading on one page, so please take this as just as an overview of some Forex trading tricks and tips to get you started.

Here are just a few reasons I trade in the foreign exchange market:

Returns on mutual funds average 4.8%, and the S&P 500 averages 12%. Forex trading can potentially double or triple your rates of return from traditional stock trading.

Forex focuses on currencies, meaning you have a 24-hour a day, worldwide market to trade in.

The sheer size of the Forex market makes it extremely unlikely that anyone can control trading or significantly corner the market. Trillions of dollars trade daily in this market.

As in the stock market, experienced traders can make money in both up and down markets.

Managing your trades is not time consuming, and because of the 24-hour nature of trading, you can trade at your convenience.

You can of course trade anywhere in the world. All you need is an Internet connection.

Forex trading almost sounds too good to be true. And perhaps it is. I would never recommend that any stock trader transition into this market without first getting some training. The risks of losing money due to lack of knowledge is just too great. But if you will take the time to learn about the Forex trading world, you may be able to count yourself the next George Soros.

About the Author

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