englishpod_0233dg

Elementary ‐Global View ‐ Forex (C0233)
A: Hey John! I haven’t seen you in ages! What’s new?
What have you been up to?
B: Pete! Nice to see you Well, on top the norm, you know,
wife and kids and work, I’ve actually gotten into doing
some trading.
A: Trading? You, big guy? What are you trading?
B: Currencies.
A: Currencies? As in Euros, Dollars, Pounds and Rupees?
B: It’s called Forex. Foreign Exchange. The great thing
about it is that I don’t have to invest a huge amount. I put
in a margin deposit and then I can buy and sell up to 100
times that much!
A: I don’t understand. You’re buying and selling money?
B: You got it! Just last night I made USD 150!
A: Last night?
B: Yeah! It’s a 24 hour market! I had bought some RMB
earlier at a low asking price but last night it appreciated
drastically so I made a split second decision and sold all
my RMB at an amazing bid! I’ve also done some trading
with CHF and AUD and HKD. I’ve made some good
profits but I’ve also suffered some losses. It depends on a
lot of factors just like any other market. In total I’ve made
about USD 500 in the past few months.
A: You’re kidding! I’m on! Where do I sign up?