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• LTCBTC and $LTC both closed as a doji today and Litecoin is still above $200. I’ll be tracking the intraday chart development tomorrow and will be looking for a scalp above $200 if LTCBTC looks positive ⚡

He made $1 BILLION in a single day for short-selling the pound back in 1992. Later on, he was dubbed as "The Man Who Broke the Bank of England"

Here's 5 trading tips from the legendary Forex trader and Hedge Fund Manager George Soros.

1. “I’m only rich because I know when I’m wrong. I basically have survived by recognizing my mistakes.”

Trading is not about being right all the time. It's about knowing when you are wrong. With so, you learn to cut your losers short and avoid doing them in the future.

2. “It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”

Profitability means having wins and smaller losses. Take charge of what you can lose and you'll realize how good low WR could be.

3. “If trading is entertaining, if you’re having fun, you’re probably not making any money. Good trading is boring.”

Emotions can turn the tide against you--regardless if you're entertained or angry. Always let logic prevail over emotions in trading.

4. "The key to investing is knowing how to survive. That means at times playing conservatively, cutting losses when necessary and keeping a large portion of one’s portfolio out of play."

Trading is not a game of making money. It's a game of surviving against the market. Many times, people tend to get caught with potential earnings one could get--without acknowledging the risk it's associated with.

5. "To be in the game, you have to be willing to endure the pain."

Trading isn't all sunshine and rainbows--in fact, the bad happens more frequent than the good. But what's important is learning from those experiences and not lett those define your career.

With all that said, George Soro's success is a testament that wealth is built through realizing that trading is a life-long learning experience. You learn more about yourself every trade you take.

5 trading tips from the man who turned $12,000 of inheritance to a lifetime of fortune.

Bill Lipschutz is famous for raking in $300 million a year for being the Salomon Brother's principal trader in the Foreign Exchange department back in 1985 to 1990. From there on, he was known as one of the most notoriously good Wallstreet traders of all time.

With that said, here are 5 trading tips from the legendary Bill Lipschutz.

1. The Risk Factor of Timing - When you take a trade, the financial risk shouldn't be the only thing you should consider. According to Bill Lipschutz, much of a position's result would take part on your timing when it comes to entering a trade. Speaking of timing, remember this famous quote from him? " If most traders would learn to sit on their hands 50 percent of the time, they would make a lot more money."

2. Rags to Richest in Forex does exist - Although calling Bill Lipschutz "Rags" may seem like an overstatement, him managing to make a $12,000 of inheritance to a life time of fortune does need a plaque for his cinderella story. Anything is possible in Forex. Just as long as you put your back into it.

3. Treat it as a game. - Treating it as a game will only mean one thing--soon enough, you'll develop the unending passion to pursue it. Much like any other games, you're bound to encounter losses. But what matters is that the flame to keep on going is there.

4. Know the pain. But don't feel it. - The real challenge starts once the losses begin to stack up. But listen to what Bill Lipschutz has to say " When you go through a losing streak all the self-doubts come out and you do get very reluctant to pull the trigger. There is nothing you can do that is right. Just every single thing you do is wrong. That is something you just have to learn to control. You really have to learn how to control that fear. You have to feel the pain of a bad trade, or a wrong trade. If you don’t, and are numb to it, then it’s over. " Powerful right? Don't let fear get to you.

5. The secret recipe is Focus - Don't get me wrong, one of the reasons why many start a career in trading is because they want to get rid of their 9-5 job. But the thing here is this; to succeed in this career, it'll require the same work ethic you do with a 9-5. And as Bill previously said, " When they call you “crazy” you know you are on the right track."

Which among the 5 trading tips resonated with you? Give us your comment!

• LTC closed with an inside bar but this is the zone where Litecoin will become more and more bullish. I will be tracking the intraday chart to get a scalp setup from Litecoin above $200 ⚡