Few dealers have mastered the skills necessary to weather these storms, despite the fact that the foreign currency market has shown resilience in the face of economic uncertainties brought on by financial crises.
Welcome to the incredible career of George Soros, which has included surviving the Nazi occupation, receiving a degree from the London School of Economics, and betting against the pound during a financial crisis. George is considered as one of the best forex traders in the world and hedge fund managers in the world. During a financial crisis, he made $1 billion by gambling against the British pound. Soros would repeat the Bank of England’s plan during Asia’s financial crisis in 1997 to solidify his status as the greatest currency dealer of the 20th century.wikibiofacts Famous Peoples Biography, Family, Net Worth
The Thailand baht was fixed to the dollar by the Thai government before the 1997 Asian financial crisis. In the middle of the 1990s, as the dollar gained strength, the baht-dollar peg was broken. Thailand’s dollar debt obligations would be challenging to fulfill if the dollar was too strong, which would worsen the country’s capital and trade balances. The value of the baht fell precipitously as a result of the removal of the baht dollar peg.
Paul Tudor Jones and John Polson biography
Paul Tudor Jones II is one of the biggest dealers in the forex market according to Traders Union , managing $13 billion in assets through his Tudor Investment Corporation. He became well-known by foreseeing and profiting from the Black Monday financial disaster in 1987. As expected, a five-year bull market run that required corrections, cutting-edge computerized trading, and a number of other variables contributed to the 1987 financial crisis. Paul sold his stock the Friday before the black Monday catastrophe based on his projections. After Black Monday, Paul made a $100 million profit by buying the dip from losers, solidifying his position as one of the best Forex dealers.
One of the most successful hedge fund managers on Wall Street is American investor and FX dealer John Polson. The bold prediction and calculated wager against the 2008 mortgage crisis represent the pinnacle of his professional career. John’s prognosis was supported by ridiculous mortgage underwriting criteria that made it possible for borrowers with bad credit or no credit history to obtain a mortgage.
All in all
The top FX dealers in the world are Paul Tudor Jones, James Steven Chanos, George Soros, and Carl Icahn.
Carl is the epitome of financial genius. From the rat-infested alleys of Queens, New York, to a military career, an unsuccessful Ivy League stint, to ranking as one of America’s richest, Carl has experienced it all. He established the Icahn company, which bears his name, to invest in businesses that gain from changes in corporate policies.