BTCKING SABEERSINGHANIA

The man who broke the Bank of England"
$BTC
$ETH
$XRP
George Soros is most famous for a single-day gain of $1 billion, on Sept. 16, 1992, which he made by short selling the British pound. 5 At the time, England was part of the European exchange rate mechanism (ERM), a fixed-exchange-rate agreement among a number of European countries
George Soros is a legendary hedge fund manager. He is widely considered one of the most successful investors of all time, and he is also one of the world's world's foremost philanthropists. Soros managed the Quantum Fund, a fund that achieved an average annual return of 30% from 1970 to 2000. He remains the chair of Soros Fund Management LLC.

Soros is also known for his vast philanthropic activities. He has donated billions of dollars to various causes through his grantmaking network, the Open Society Foundations. He is a longtime champion of progressive causes, making him a target of a variety of conspiracy theories.

Soros is believed to be worth $7.2 billion, as of September 2024, and has donated more than $32 billion to charitable causes.
2
3
Much of that money has gone to fund education and health programs, human rights efforts, and the furtherance of democracy. In recent years, he has donated lavishly to the Democratic Party in the U.S.

KEY TAKEAWAYS
George Soros is a legendary hedge fund manager.
Soros is widely considered one of the most successful investors of all time, and he is also one of the world's foremost philanthropists.
In 1970, Soros launched his own hedge fund, Soros Fund Management.
Soros has donated more than $32 billion to charitable causes through his grantmaking network, the Open Society Foundations.

Early Life and Education
Soros, who is of Jewish descent, was born in Budapest, in August 1930, and survived the Nazi occupation of Hungary. After emigrating to England in 1947, he earned a doctorate from the London School of Economics before embarking on a career in banking.
4
He founded his first hedge fund, then called Double Eagle, in 1969.

The man who broke the Bank of England"
George Soros is most famous for a single-day gain of $1 billion, on Sept. 16, 1992, which he made by short selling the British pound.
5
At the time, England was part of the European exchange rate mechanism (ERM), a fixed-exchange-rate agreement among a number of European countries. The other countries were pressuring England to devalue its currency—or else leave the system. After resisting the devaluation for some time, England floated its currency, and the value of the pound dropped

Soros is quoted as saying, "The worse a situation becomes, the less it takes to turn it around, and the bigger the upside."
Using leverage, Soros was able to take a $10 billion short position on the pound, earning him $1 billion.
5
The trade is considered one of the greatest of all time, and Soros was declared "the man who broke the Bank of England."

Soros and Brexit
More recently, Soros has been vocal about the precarious future of the European Union, in the wake of Britain's 2016 vote to leave the union and the continuing refugee crisis that has brought millions of Middle Eastern refugees to Europe.
Soros warned of an existential crisis facing Europe.7 He has set forth a plan to rescue Europe from a pending crisis by tackling three major issues: the refugee crisis, territorial breakups like Brexit, and the austerity crisis that has plagued countries like Italy and Spain. 
In particular, he has advocated that the European Union issue perpetual bonds, a method of financing that Britain used to finance the Napoleonic Wars.8
Soros's Investment Style
George Soros is unique among highly successful investors in admitting that instinct plays a large role in his investment decisions. Nonetheless, he is famously well-informed about economic trends on a regional and global level, and he is known to use this knowledge to exploit market inefficiencies with large, highly leveraged bets.

Soros has both the capital and the risk tolerance to ride out these bets for longer than most hedge fund managers can. In fact, Soros has cowed a number of national governments on currency issues with his perseverance and deep pockets. During the Asian financial crisis, Soros added to his growing list of nicknames, becoming "the man who broke the Bank of Thailand" when he bet almost $1 billion against the Thai currency, the baht.  
Despite Soros' deep knowledge of global markets and excellent sources of information, the decision to close out a bet is reportedly more a gut call—versus a response to a market signal—for him. One popular theory is that Soros has internalized so much of the market and its workings that he instinctively knows when the time has come to close out for a profit long before he can rationalize the decision.

Ultimately, George Soros's investment strategy has made him a fortune that few investors in the world can match. 
What Is the Net Worth of George Soros?
As of September 2024, George Soros has a net worth of $7.2 billion.2
Does George Soros Give Any of His Money Away?
The Open Society Foundations, founded by George Soros, "are the world's largest private funder of independent groups working for justice, democratic governance, and human rights."9 Soros has given a total of over $32 billion to the Foundations.3 He has also supported education, giving a $500 million endowment in 2021, for example, to Bard College in Annandale-on-Hudson, N.Y.10
How Did George Soros Make His Money?
George Soros founded his first hedge fund, Double Eagle, in 1969. With profits from this fund, he started Soros Fund Management, in 1973.4 Eventually, Double Eagle was renamed the Quantum Fund, and it became the primary hedge fund that Soros advised. His knowledge of regional and global economic trends combined with his deep pockets and tolerance for risk has allowed him to amass a fortune now valued in the billions.
thank you for reading my article
Follow for more content #sabeersinghania #btcu #jorgesoros

Legends of Trading (Part 1): From $13,000 to $150 Million!
Every industry, hobby or sport has its legends that should not be forgotten. The same is true for intraday trading - the royal discipline of all traders. That's why we are bringing you a series of articles that will introduce you to traders who have written their skills into the textbooks of trading. Join us for a look at their innovative trading strategies and the resulting successful trades, and find inspiration for your own trading.
Mysterious Trader from Japan - Takashi Kotegawa
Although the name of this mysterious trader from the land of the rising sun may not ring a bell, believe me, he definitely deserves his place among the legends. After all, the title of today's episode should be telling. The achievements of Takashi Kotegawa are so incredible that there is even speculation as to whether he is a man of flesh and blood. This is supported by the fact that this mysterious businessman has virtually no photos available on the internet. So let's take a closer look at the trading history of this intraday genius, conquering the markets from his own bedroom.

Kotegawa didn't linger too long on the demo account and with an initial deposit of 13,600 USD (approx. 340,000 CZK) he started real intraday trading on the Japanese stock markets. From his initial deposit we can deduce that he was not a rich man, because this amount is roughly equivalent to what a large number of traders trade today. However, Kotegawa was more successful than the vast majority of traders - in 8 years of trading he managed to make a profit of $153 million from his initial capital. Needless to say, that similar results are really very rare in such a risk environment as financial markets are. So how did this timid Japanese trader managed to generate such staggering profits from his own bedroom?

"Bedroom trader" strategies
Kotegawa began trading on the Japanese stock market around 2001, the time of the dot-com bubble burst that sent virtually the entire world into a bear market. So it's no wonder that he often speculated just on a drop in stock prices. The bear market in question lasted until 2003, and for a better idea is shown by the red arrow on the long-term chart of the Nikkei 225 index below. Speculators on market declines were thus in a harvest in Japan at the time, and Kotegawa took full advantage of this
Unfortunately, there are not many details about the exact strategy of this trader. However, he himself insisted that it is easier to make money during bear markets and then look for short-term pull-backs in stocks. Among the technical indicators, he used bollinger bands, RSI and then made the actual decision to enter the position according to the 25-day moving average. Allegedly, he would buy stocks that were at least 20% below the 25-day moving average and then profit from the short-term growth of the stock. He then closed the trades during the same session, or held part of the position overnight.
Sample trade according to Takashi Kotegawa's strategy
An example of what Kotegawa's strategy might look like is shown in the image below. However, we do not show it on the Japanese stock market, where Kotegawa himself would probably trade, but on the New York Stock Exchange. In the MT4 platform, we see a chart of Alibaba Group Holding (ticker: BABA)'s stock, whose price fell as low as $73.12 during the trading session on March 15, 2022. Chinese companies have been under pressure for some time due to concerns about delisting on the U.S. stock market, which has weighed on Alibaba's share price. To get a better idea of the market, the H4 timeframe is chosen, and Kotegawa himself would presumably then have an open view of the same stock on several different timeframes.

Akcie Alibaba na timeframe H4 v platformě MT4 doplněny o RSI (25) a MA (25)
The orange line is the 25-day Moving Average, which at the moment shows a value of 97.73. Thus, the current share price is more than 25% below the average of the last 25 days. However, that alone is not enough to enter the trade. Kotegawa would also watch other technical indicators such as the RSI oscillator to determine oversoldness and trend. He would then probably enter the trade "Long" during the next green H4 candle (purple arrow), which heralded a trend reversal. This is confirmed by the RSI oscillator, whose value of 24 indicates a significant oversold market. Kotegawa would then likely have taken most of the profit before the end of the session and held a smaller portion of the position overnight. Alibaba shares then opened with a gap up significantly.T. Kotegawa's most legendary deal - 400 million in one day
The year was 2005 and Takashi Kotegawa was about to close the most successful deal of his life thanks to the above mentioned strategy. The Japanese company J-Com Holdings had just had its IPO and Takashi Kotegawa was glued to the barricade of monitors in his bedroom all day. That's how he noticed that a trader at the big firm Mizuho Securities had placed a sell order for 610,000 J-Com Holdings shares at 1 yen. However, thus was grave a mistake on the Mizuho Securities trader’s side, as this man originally wanted to sell 1 share for 610 thousand yen. This huge mistake then sent the company's stock into a steep decline. At the bottom, Kotegawa then bought 7,100 shares, and on the subsequent return above, he made $17 million (now over $400 million) on this trade in a single day! This trade earned Kotegawa the nickname "J-Com Man,". As you can see the profit of such astronomical proportions as this one could only be generated thanks to enourmous luck on Kotegawa’s side and huge mistake on the side of the seller (Mizuho Securities), as today similar mistakes are no longer possible.
 
A role model beyond trading
However, Takashi Kotegawa is also a role model outside the trading platform. Although he has managed to earn a sum of money during his career that would probably send most of us into retirement, he has remained very modest. He keeps himself out of the spotlight and gives virtually no interviews. That's one of the reasons why we don't know much about him and there are only a few pictures available on the internet. He doesn't flaunt his wealth, he reportedly doesn't buy any expensive cars or watches. The only major investment in his own wealth for him was a new apartment (it seems his bedroom was already too small). Kotegawa is thus a clear example of a trader who is into intraday trading for the love of trading and not primarily for the money, which he takes as a measure of success. It should be noted that, given the current market developments, he has probably managed to multiply his wealth further.