How I Quit my Job and Turned 6k into Half Million Trading Commodities – Bob Buran

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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.

In 1992, Bob Buran became one of a tiny minority of trading system vendors to publish his personal trading account statements over a period of six years, in order to demonstrate how a little guy can take a small amount of money and turn it into a sizable nest egg.

In the 1980s, while working full-time as a school psychologist in Redlands, California, Bob began trading futures contracts, hoping to find a “quick way to retire fast.” Inspired by Larry Williams, Bob began to research and design simple trading systems. In 1985, Bob had a “eureka” experience that gave him the idea for a trading system he intuitively felt would get him the kind of returns he was looking for. He started trading this system in January of 1985 with about $6,000 and finished the year with nearly $90,000 in profits. In the next year and a half he made over a quarter million dollars in profits before he even bought his first computer. By 1988, he was generating sufficient income from his own account to leave his school job to trade full time. In the next five years he was able to trade his original $6,000 to over a half-million dollars in profits without pyramiding.

Although Bob’s interest and “trading roots” remain in the efficient and profitable trading of small accounts, he is not a novice when it comes to the trading of large amounts of managed money. He has been influential in developing trading ideas for big money traders in both the United States and Europe. For several years, he has been involved in trading research with Krenzer Capital Management GMBH in Germany, as well as with market wizard Linda Bradford Raschke and her LBR Group. His specialty includes the Italian Government Bond (BTP), the German Bund, and the FT-SE 100 Index (all traded on the LIFFE exchange), the Nikkei 225 Stock Average traded on the S1MEX exchange, and the Japanese 10 Year Government Bond (TSE-JGB), traded on the Tokyo Stock Exchange.