All Forex traders aspire to become super traders. Most have a hunger for that one big deal which has the potential to immortalize their name in the currency trading market and the industry.

However, contemplating about becoming a legendary trader is easier than accomplishing the goals which can get you there. Andy Krieger is one of those legends. People who belong to the trading markets and those aspiring to become successful traders all know about the fateful incident that took place on October 19 th , , when the stock market crashed. To the surprise of many, this collapse was not triggered by any single event. Experts believe that the collapse was a result of a mass panic that ended up devouring the entire market.

In the wake of the stock market crash on that day, which has been noted in history books as Black Monday, Krieger became overly convinced and confident that the Kiwi the New Zealand dollar was susceptible to attack. Krieger, in light of his research, his diligence and aggressiveness chose to hit the Kiwi and take advantage of the situation.

And he did not hesitate to use his advantage to land a big speculative strike on the Kiwi in Because of the fact that he had a fairly large trading limit, he decided to leverage it by trading currency option spiking up to In simpler terms, he controlled more Kiwi dollars then there were in circulation in New Zealand.

They were outraged and rightly so, but Krieger responded to their outrage by saying something only a man of calibre can say. Instead he said that New Zealand did not have what it takes to handle the operations carried out by the company. The damage he inflicted on the Kiwi dollar caused a lot of controversy for the New Zealand Central Bank.

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How Andy Krieger Made His Name in the Forex Market | Forex Crunch

Before deciding whether or not to take part in foreign exchange or financial markets or any other type of financial instrument, please carefully consider your investment objectives, level of experience and risk appetite.

Do your research and homework and do not invest more money or financial resources than you can afford to lose. Skip to primary content.

Skip to secondary content. News Platforms Education Tools Social Media Trading Forum. Black Monday, People who belong to the trading markets and those aspiring to become successful traders all know about the fateful incident that took place on October 19 th , , when the stock market crashed.

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