Stanley Druckenmiller: Famous Forex Billionaire

In the world of Forex trading where there are not as many rules, strategies and formulas as stock trading, it takes some serious savvy to become of the greatest currency traders in the world. Stanley Druckenmiller is one of those great traders, and one of the wealthiest.

Biography of Stanley Druckenmiller - A Forex Billionaire

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Now considered the 149th richest man in America, Stanley Druckenmiller started out in the world of Forex trading when he created his own Duquesne Capital Management company and went to work for the infamous George Soros who is famously known as the man who broke the bank of England. Soros made $1 billion on his Black Wednesday crisis that hit the UK in 1992. With Soros as his mentor throughout this period, Druckenmiller learned many great lessons and went on to become an exceptional currency trader in his own right.

After the collapse of the Berlin Wall, Stanley Druckenmiller bought the devalued German currency and held onto it. He watched as it rose and made a fair share of money from one of the most famous currency trades. After working for Soros, Druckenmiller returned to his Duquesne Capital and worked as a fund manager for clients investing millions upon millions. One of Druckenmiller’s secrets is that he adopted a very similar style of trading as George Soros. Soros is known for holding groups of long and short stocks, and using leverage for futures and currency trades.

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