Soros is an incredible self-made investor/trader. Look at the below record, which is incredible. Soros is the founder of Soros Fund Management. In 1970 he co-founded the Quantum Fund with Jim Rogers. It returned 42.6% per year for the next ten years ...

Cable Update (GBPUSD)

Okay, so his monthly returns might dip to a shitty 20% when the first billion is in the bank. But by this stage, he will be sipping vintage Dom Perignon with Moe in their Bahaman mansions, so he will no longer care.

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Assuming that's a monthly compounded return, in 8.5 months you will be a millionaire.

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He's good, granted. But not in the same league at Micho. Soros's main fund has failed miserably in the simple task of 25% monthly compounded returns. So it makes you wonder, is he really smart??

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Easy to make 25% every single month?!?!?!? Are you for real???? This just gets better!!! Look at the records of hedge funds over the past 10 years and see how many have achieved an "easy" compounded return of 25% every single month. Some of ...

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not in trade at moment. waiting for more decisive movement calc took 2 minutes on excel. unable to paste in excel format to message. just impressed (f*&king amazed) by a 25% monthly compounded return!!

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Serious???? If so, you will become the greatest story in the history of financial markets, certainly the best FX trader ever. In fact, you'll become a billionaire in under 5 years! See below calculation. You can tell I'm bored today!! Account ...

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I see your point Bones. Just out of interest, where did you get that chart from? I only ask as there is a great deal of discrepancy between various sources on the degree of price falls over the past 12 months, with some surveys stating a near 7% ...

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The currency in N.Ireland is sterling, as they remain part of the UK. There often tends to be a time lag with falling house prices, in that the provincal parts of the country are first affected, with London and the south east following on at a later ...

Cable Update (GBPUSD)

I agree that trailing stops are far from perfect. However, they suit me, as it gives a level of comfort once S/L is at entry point, which I then view as a free shot at the market. Often after I've been stopped out, I look and marvel at what I ...

Cable Update (GBPUSD)

I made 40 pips on long today, which i closed out too soon at 1.9945, due to being far too eager to lock-in profits. I am not too unhappy about that, as it leaves me with small profit for the week. I tend to operate all my trades with trailing stops, ...

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Excellent analysis!

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Huge event risk with the GDP release. Rumours are that it is expected to be 0.3% Q/Q growth, much lower than originally anticipated. This could be a factor that has driven cable so much lower today, when economic data and performance of the S&P500 ...

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But that's bad risk management to lose 70 to 100 pips for less than 50 pips gain. I don't know how long you've been trading but, in time, you will definitely come unstuck using those kind of risk/reward ratios. The risk isn't worth the potential ...

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Hope you make cash on this one, my friend. But where was your S/L? You let the trade go 53 pips underwater for a potential profit gain of 48 pips. That's a bad way to trade.

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Been stung on long @ 1.9855, which was stopped out at 1.9830. Rise in weekly claims is being attributed to seasonal factors, as continuing claims have come in slightly lower than expectations.

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But do you see the point he was trying to make? What was your S/L on that long?

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Hawkish rhetoric from Plosser (Fed official) and pro-dollar words from Paulson, coupled with a steep fall in the price of crude oil.

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imho, you've picked the top US banks in GS and Wells Fargo. both extremely well run, meaning they should gain significant market share from weaker capitalised rivals during this crisis. i've am building a position in HSBC, granted who do have ...

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hahaha.... "bro"

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