Robert Krausz
Encyclopedia
Robert Krausz was a commodities and futures
trader
.
As a child born in Budapest, Hungary, Robert Krausz spent most of his childhood living in one of nine ghetto
s formed by the Nazis
during World War II
, established to confine Jews
into tightly packed areas of the cities of Eastern Europe
. He survived World War II by escaping from a group being led to a concentration camp. After the war, he ended up in a South Africa
n orphanage, where he was adopted by a local industrialist impressed with his intelligence.
In 1956 he joined the Israeli armed forces
as a paratrooper
. After the end of the war with Egypt Robert moved to London, England to pursue his passion for dress designing
.
In 1988 he gave up his clothing business in London and moved to the U.S.
to start a new career as a full time technically
-oriented trader. He became a certified hypnotist
and an advisor for the European Bank for Reconstruction and Development
. Robert used Gann and fibonacci
methods
in his trading and coaching of new traders, encouraging them to use his fibonacci trader three timeframe method computer program.
Robert Krausz suffered a massive heart attack
while addressing a group of traders in St. Augustine, Florida
, and later died in a local hospital.
Futures contract
In finance, a futures contract is a standardized contract between two parties to exchange a specified asset of standardized quantity and quality for a price agreed today with delivery occurring at a specified future date, the delivery date. The contracts are traded on a futures exchange...
trader
Trader (finance)
A trader is someone in finance who buys and sells financial instruments such as stocks, bonds, commodities and derivatives. A broker who simply fills buy or sell orders is not a trader, as they are merely executing instructions given to them. According to the Wall Street Journal in 2004, a managing...
.
As a child born in Budapest, Hungary, Robert Krausz spent most of his childhood living in one of nine ghetto
Ghetto
A ghetto is a section of a city predominantly occupied by a group who live there, especially because of social, economic, or legal issues.The term was originally used in Venice to describe the area where Jews were compelled to live. The term now refers to an overcrowded urban area often associated...
s formed by the Nazis
Nazism
Nazism, the common short form name of National Socialism was the ideology and practice of the Nazi Party and of Nazi Germany...
during World War II
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...
, established to confine Jews
Jews
The Jews , also known as the Jewish people, are a nation and ethnoreligious group originating in the Israelites or Hebrews of the Ancient Near East. The Jewish ethnicity, nationality, and religion are strongly interrelated, as Judaism is the traditional faith of the Jewish nation...
into tightly packed areas of the cities of Eastern Europe
Eastern Europe
Eastern Europe is the eastern part of Europe. The term has widely disparate geopolitical, geographical, cultural and socioeconomic readings, which makes it highly context-dependent and even volatile, and there are "almost as many definitions of Eastern Europe as there are scholars of the region"...
. He survived World War II by escaping from a group being led to a concentration camp. After the war, he ended up in a South Africa
South Africa
The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...
n orphanage, where he was adopted by a local industrialist impressed with his intelligence.
In 1956 he joined the Israeli armed forces
Israel Defense Forces
The Israel Defense Forces , commonly known in Israel by the Hebrew acronym Tzahal , are the military forces of the State of Israel. They consist of the ground forces, air force and navy. It is the sole military wing of the Israeli security forces, and has no civilian jurisdiction within Israel...
as a paratrooper
Paratrooper
Paratroopers are soldiers trained in parachuting and generally operate as part of an airborne force.Paratroopers are used for tactical advantage as they can be inserted into the battlefield from the air, thereby allowing them to be positioned in areas not accessible by land...
. After the end of the war with Egypt Robert moved to London, England to pursue his passion for dress designing
Fashion design
Fashion design is the art of the application of design and aesthetics or natural beauty to clothing and accessories. Fashion design is influenced by cultural and social latitudes, and has varied over time and place. Fashion designers work in a number of ways in designing clothing and accessories....
.
In 1988 he gave up his clothing business in London and moved to the U.S.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
to start a new career as a full time technically
Technical analysis
In finance, technical analysis is security analysis discipline for forecasting the direction of prices through the study of past market data, primarily price and volume. Behavioral economics and quantitative analysis incorporate technical analysis, which being an aspect of active management stands...
-oriented trader. He became a certified hypnotist
Hypnosis
Hypnosis is "a trance state characterized by extreme suggestibility, relaxation and heightened imagination."It is a mental state or imaginative role-enactment . It is usually induced by a procedure known as a hypnotic induction, which is commonly composed of a long series of preliminary...
and an advisor for the European Bank for Reconstruction and Development
European Bank for Reconstruction and Development
Founded in 1991, the European Bank for Reconstruction and Development uses the tools of investment to help build market economies and democracies in 30 countries from central Europe to central Asia. Its mission was to support the formerly communist countries in the process of establishing their...
. Robert used Gann and fibonacci
Fibonacci number
In mathematics, the Fibonacci numbers are the numbers in the following integer sequence:0,\;1,\;1,\;2,\;3,\;5,\;8,\;13,\;21,\;34,\;55,\;89,\;144,\; \ldots\; ....
methods
Investment strategy
In finance, an investment strategy is a set of rules, behaviors or procedures, designed to guide an investor's selection of an investment portfolio...
in his trading and coaching of new traders, encouraging them to use his fibonacci trader three timeframe method computer program.
Robert Krausz suffered a massive heart attack
Myocardial infarction
Myocardial infarction or acute myocardial infarction , commonly known as a heart attack, results from the interruption of blood supply to a part of the heart, causing heart cells to die...
while addressing a group of traders in St. Augustine, Florida
St. Augustine, Florida
St. Augustine is a city in the northeast section of Florida and the county seat of St. Johns County, Florida, United States. Founded in 1565 by Spanish explorer and admiral Pedro Menéndez de Avilés, it is the oldest continuously occupied European-established city and port in the continental United...
, and later died in a local hospital.