He is a legendary forex trader 6 hours profit 6 million dollars

, 6 hours profit 6 million dollars.png "width="600 "height="368"/>Young BillLipschutz As a forex trader, we cant help but look up to the top forexbrokerrebateprogram who have become legends Many people before know autorebateforexg their stories However, th forex broker rebate program is not the case at all Many of the top traders come from very ordinary families forexrebatebest started cashback forex with empty pockets, even before trading in unexpected jobs, such as cab drivers Many successful traders have had a bumpy ride and have experienced ups and downs Who knows that trading is not an easy job? It requires great persistence after success, we see their efforts Many well-known traders behind the story, often make the Exchange Business Jun moved today and we share the legendary foreign exchange trader Bill Lipschutz (BillLipschutz) story trading at the beginning of Bill Lipschutz can definitely be ranked in the top 5 of the top traders, but his decision to enter the foreign exchange trading industry has made people Lipschutz majored in architecture at Cornell University in the 1970s, but it wasnt a major that interested him, and it took him five years to get his diploma, which he put away after graduation. His grandmother died and left him a portfolio of $12,000 in stocks as a legacy, which Lipshutz liquidated as his own venture capital and began to test the waters in the stock market His interest in trading did not come out of nowhere, but rather he slowly discovered his sensitivity and talent for trading. His initial $12,000 grew to $250,000 in four or five years, but one bad trade would have made all those years of hard work almost useless. In September 1985, Lipshutz traded the New Zealand dollar with a colleague and made a six-hour profit of $6 million; ● In 1987, he made a $20 million profit on a speculative trade in the Japanese yen; ● In 1988, he made a $3 billion profit on a short trade in the German mark…… Lipshutzs net worth is not publicly available Wikipedia describes his work at Salomon In 1985, Lipschutz made $300 million a year in profits for the company, and in 1985, Bill Lipschutzs advice to traders in his old age was so impressive that countless traders wanted to hear his winning tips. Even if the perception of the market is based on something that is uncertain or non-existent, market sentiment can still have a big impact if traders believe in a viewpoint, then they can drive the market gradually towards that trend ● Risk-reward ratio is critical It is impossible to make a profit on every forex trade In fact, most traders lose much more than they make a profit He usually looks for a 3:1 ratio, meaning that he will not open a trade with a potential profit of less than three times the money at risk. If the trade is very complex, then he sets a higher ratio, around 5:1. For example, even if you catch a very favorable trading opportunity, you will end up losing money because your timing is not right or your stop loss is too tight ● Hard work is better than talent This is the difference between successful traders and those who are defeated by the market. According to Lipsiusz, it is absolutely wrong to position the purpose of trading as profit.