Why It's The Timing That Determines Success In Forex

by Richard Hill

Most people have heard of George Soros...

But how did he achieve such notoriety?

Well, he became infamous for making 1 billion dollars in a single day!

"7 Easy Steps to Forex Profits Today"
Sign up to receive our FREE e-letter, Forex Round Up, and we’ll immediately e-mail you our exclusive guide


We respect your privacy & will never share your email address.

He made one of the most talked about forex trades ever. But what people don’t realise is: it wasn’t so much about what he did...

It was about his timing.

You see, timing is everything.

Successful investors know this.

Everyone knows what happens if you buy a house at the height of the boom!

It’s not so much about the price that is paid, but the timing of when you buy it.

George Soros spotted the right moment to act.

He was so confident Britain would be dropped from the Exchange Rate Mechanism (ERM); he staked $10 billion on it.

This was almost the entire fund he was managing.

What we can learn from George Soros

So, Soros shorted the British Pound expecting it to collapse.

He sold them expecting to buy them back cheaper.

Sure enough on 6th September 1992, Britain left the ERM and the Pound collapsed - netting George Soros’ fund a cool $1 billion.

That must have been some day at the office!

Now, back in 1992 the man on the street couldn’t trade forex like they can today - online brokers just didn’t exist.

Thankfully, they do today and regular people like you and me can trade forex.

But we’re not looking to make gigantic sums like Soros.

"7 Easy Steps to Forex Profits Today"
Sign up to receive our FREE e-letter, Forex Round Up, and we’ll immediately e-mail you our exclusive guide


We respect your privacy & will never share your email address.

For us, the aim of the game is to make consistent profit over time. Consistent profits that eventually build up to substantial gains.

If you’re like me, you would never risk all your trading account on a single trade like George Soros.

What’s important for us to understand here is that it’s not the amount you make or the money you put in... it’s the timing that determines your success in forex.

Many forex moves happen in minutes. And it could be hours before you see any more action.

So, you have to make sure you’re in the market at the right time...

And how to spot that perfect time is what we’ll be covering in the next issue.

So, make sure you keep an eye out for your next issue of Forex Round-Up.