forex market, since it is his belief that currencies nowadays involve an entirely political situation in which traders are to determine the choices central banks are going to make. Something similar happens with Urs Schwarzenbach. The success of his short sale started being mentioned across the globe, and George Soros was dubbed the man who broke the Bank of England.
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He quickly saw a short sale opportunity against the Mexican peso, and without hesitation he made the operation. At the time he had enough money to make the decision of moving to Bahamas, a low-tax location. Lewis keeps the amount of money he earned on this operation private; some investors claim it exceeded Soros earnings. His bet against the United Kingdoms currency brought him earnings for 1 billion dollars. It is said that he was very successful in his position as an employee of Commodities Corporation, generating million-dollar earnings for the company and earning respect as an objective and sober trader. Its understandable why some who trade Forex think a million dollars will come easy. Then some months, you will be ahead. Download your free compounding spreadsheet. Investors consider discretion to be his strength. He later guessed that his position as a currency trader was what ruined his marriage, which finally ended in divorce. We know that is not always possible because some months you will have trading loses. His worth is estimated to be over 1 billion dollars according to the Forbes Magazine.
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