Courses Infomation
The Greatest Trade Ever by Gregory Zuckerman
The Greatest Trade Ever by Gregory Zuckerman
Forex Trading – Foreign Exchange Course
You want to learn about Forex?
Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.
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Hedge fund mogul John Paulson saw that the housing market was dangerously overextended in 2006 while crouched over spreadsheets. It was a typical bubble that was about to explode, fed by sub-prime mortgages. He had been waiting for this ideal exchange his entire life.
Paulson, who had never before invested in real estate, found it difficult to persuade optimistic Wall Street investors of the impending disaster. However, he enjoyed the benefits as housing values started to decline and the financial system crashed. He conducted a number of now-famous deals with technical proficiency and impeccable timing.
The outcomes were astounding. Paulson profited $1.25 billion in a single morning on a five-point decline in the markets in late 2007. Over the course of the year, he brought in $15 billion for his fund, including $4 billion for himself. This is more money than J.K. Rowling, Oprah Winfrey, and Tiger Woods together made in a year. It was by far the biggest trading windfall in history, cementing his position in the annals alongside George Soros and Warren Buffet.
The Greatest Trade Ever is the first book to fully describe Paulson’s trade and was only possible because to his personal cooperation. It portrays a bigger picture of spectacular wealth growth, arrogance, and financial whiz kiddiness, just like Barbarians at the Gate did 20 years ago. Anyone wanting to comprehend the underlying workings of the markets and identify the next bubble must read it.
Who the Author Is
At the Wall Street Journal, where he has worked as a reporter for twelve years, GREGORY ZUCKERMAN is a senior writer. He writes on investment, hedge funds, and other Wall Street-related themes for the highly read “Heard on the Street” column. Twice a week, Zuckerman explains complicated transactions on CNBC. He has won the Gerald Loeb Award twice for his reporting on the credit crisis, the fall of WorldCom, and the failure of the hedge fund Amaranth Advisors, among other achievements.
Salepage : The Greatest Trade Ever by Gregory Zuckerman
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