MovieChat Forums > Traders (1996) Discussion > Trading..?

Trading..?

posted 17 years ago by Sa_Mara
4 replies | jump to latest

OK so this is pretty much an Off Topic question, But I was wondering if anyone had any experience in the actual trading.
I like collecting notes and coins, and one day I spent $1.35 on an american $1 note. A couple of weeks later I desperatly needed money for a bus ride, all I had was this note so I sold it back to the exchange, and all I got was $1.20.
After a lot of research I realised that I can possibly do it the other way and also get a profit. I noticed that investing like this is somewhat the same as in the show, so naturally I ask here.
My question is (sorry about the whole life story lol)
If I were to buy say $20 worth of a countries currency, and I sold it when it gets back up to 1.35 is it possible for me to actually make a profit? Or should I just forgot about it because I do not have the knoledge like the proffessionals?
Please could someone give me their advice on the situation if anyone has advanced knoledge about this.

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(¸.·´ (¸.· Samara

[–] 17 years ago

[deleted]

[–] Sa_Mara 17 years ago

And Chris is...?

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¸.·´¸.·*´¨) ¸.·*¨)
(¸.·´ (¸.· Samara

[–] GingerSnaps69 17 years ago

You know, Chris Toddson, currency trader (arbitrager), on Gardner Ross trading floor, headed by Marty Stevens. He's the one when he though he was about to get laid-off, he shorted Norwegian money, then called in Reuters to say the King of Norway was dead, then covered his short, making almost two million dollars in five minutes. The Mennonite who got ex-communicated because he slept with his married teacher in high school.

[–] gvpgroup 16 years ago

Currency exchange trading is a little more than exchanging coins and paper bills.

The FOREX market trades 24 hours, 6 days a week in major cities in New York, London and Japan, for example. They trade in lots of $1,000 and to invest you may need $10,000 or more to open an account.