RE: LeoThread 2025-03-13 13:24
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Trading focuses on short-term price movements for quick profits, while investing is about a long-term approach, building wealth over time through asset appreciation and dividends.
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How do you make money with trading?
Profits come from capturing short-term price moves by buying low and selling high, but it relies on strong risk management, solid strategies, and staying updated with market trends
Who are some of the best traders in the world?
Some of the well-known traders include Paul Tudor Jones, George Soros, and Ray Dalio. Each has a unique style—learning from their strategies can offer useful insights without blindly following any approach
What was George Soros' famour bet against the British Pound
In 1992, Soros famously bet a billion dollars against the British Pound during Black Wednesday, profiting enormously as the currency sharply declined
How much did Soros make off the trade?
Estimates suggest Soros netted around $1 billion from that famous trade, marking one of the most iconic moves in currency trading history
What are the top three currencies by FOREX trading?
The US Dollar, Euro, and Japanese Yen are among the most traded currencies in the FOREX market, thanks to their liquidity and global economic influence
What did the German DM rank when it was traded before being replaced by the euro?
Historically, the Deutsche Mark was seen as Europe's blue-chip currency—often ranking among the top two in liquidity and trading volume among European currencies before the euro took over
What is the history of German money, including the DM?
The Deutsche Mark was rolled out in 1948, symbolizing post-war recovery. It quickly became a backbone of German economic strength until the euro replaced it between 1999 and 2002
What was the currency in Germany before the Deutsche Mark? What years was it used?
Before the Deutsche Mark, Germany primarily used the Reichsmark, introduced in 1924. It was the main currency until post‐WWII reforms and the DM's rollout around 1948
What currency did Germany used before the Reichsmark? What were the years of use?
Before the Reichsmark, Germany used the Papiermark, which collapsed during hyperinflation around 1923, paving the way for the Reichsmark in 1924
When was the Papiermark first issued?
The origins of the Papiermark trace back to 1871 when the newly unified Germany began issuing centralized paper money, later playing a significant role until the hyperinflation of the early 1920s
When did Germany become a country, as we know it? When did it emerge in its present form?
Modern Germany's journey started with unification in 1871 under the German Empire. Its current democratic form began taking shape after WWII—West Germany was established in 1949, with reunification following in 1990
What was Germany before 1871? What country was it considered?
Before 1871, the territory was a collection of independent states and principalities, often under the loose structure of the Holy Roman Empire, rather than a single unified nation
What form of government was utilized when it was a bunch of independent states and principalities? Was it localized government?
The states mostly operated through localized governments where each ruler governed independently rather than under one centralized authority