George Soros is known as the guy who broke the bank of England. He made over a billion dollars from his famous trade! Wowza! Check out this episode to learn how he did it. We also cover why currency trading is an incredibly hard way to make money.

Sources:

https://www.forbes.com/sites/steveschaefer/2015/07/07/forbes-flashback-george-soros-british-pound-euro-ecb/?sh=433eb21b6131

https://en.wikipedia.org/wiki/Black_Wednesday

https://www.investopedia.com/terms/b/black-wednesday.asp

https://opentextbc.ca/principlesofeconomics/chapter/29-2-demand-and-supply-shifts-in-foreign-exchange-markets/

https://www.investopedia.com/ask/answers/022415/how-does-inflation-affect-exchange-rate-between-two-nations.asp

https://www.theguardian.com/business/2012/sep/13/black-wednesday-20-years-pound-erm

https://www.independent.co.uk/news/wednesday-16-september-1992-5386567.html

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This podcast is for entertainment purposes only and should not be relied upon as the basis for investment decisions. Before making any decisions, consult a professional. I may maintain positions in the securities discussed on this podcast. This show is copyrighted by the Wall Street Vision, written permission must be granted before syndication or rebroadcasting.