God-level Trader of Rebirth

Chapter 277 Chapter 270 Eight Dangerous Games

"Wait. Sir, where do you want to go, why don't we find a place and have a meal together, I can raise a large amount of funds in a very short period of time, as long as you trade on my behalf, we can. "

"Sorry, I think you misunderstood, we are not here today to discuss business, but if there is a chance, I think we will meet again."

Chen Weidong turned around, explained a little, and went directly to the second floor with Li Yun and others.

The young man still wanted to say something, but seeing that the other party didn't want to talk to him, he could only watch them leave.

After the figure in his sight completely disappeared, he stood there for a while, then took out an old-fashioned mobile phone from his pocket, and quickly dialed a number.
"Anders, do you know what I just saw?"

Chen Weidong didn't know that he had already been paid attention to. They set foot on the second floor. Compared with the first floor, the number of people here was much smaller, but the professional atmosphere here was much stronger than that on the first floor.

Looking around, even ordinary investors sitting in the lobby seem to be knowledgeable and have a relatively in-depth understanding of financial products.

There are even many people who are already conducting quantitative transactions on some financial products.

This is a big improvement.

As soon as Chen Weidong and the others entered the lobby on the second floor, they attracted the attention of many people, but those people just glanced at them and continued to busy themselves with their own affairs in front of the computer.

In New York, it is not uncommon for a few Asians to appear.

They didn't want to be too noticeable, they just looked at everything here casually.

After a while, Chen Weidong had a general understanding of the entire trading floor on the second floor and investors' investment preferences.

From the electronic displays hanging on the wall to the topics that those people whispered about, it seemed that they all revolved around oil, gold, futures, foreign exchange indices and so on.

Oil is the world's number one energy source, and its importance is beyond doubt.

Entering the era of rapid industrial development, the world's demand for oil is also increasing.

So far, people have not found that there is any energy that can completely replace petroleum.

Therefore, oil occupies a high weight ratio in the entire financial market.

What is more precious than oil is gold, which is recognized as the most valuable hard currency in the world.

"Hello, can you open two accounts for us?"

Chen Weidong walked to the counter of an account manager and pointed to himself and the third uncle next to him.

As for Li Yun and the others, their duty is to be good bodyguards, and they are not very interested in finance, so they don't play.

"Of course, please show your ID."

This Chen Weidong and the others had been prepared for a long time, and they took out several forged documents. The information was absolutely true inside, and no one could find out, so they handed it over to the staff.

In less than 10 minutes, the staff opened two accounts for them.

And, one hundred thousand dollars were deposited in it.

"Awei, watch me operate later." Chen Jie rubbed his hands eagerly.

Over the years, he has gained a certain understanding of various financial products. He is no longer a novice who was not good at trading stocks back then, and he is also confident that he can quickly get started with futures.

"There are so many varieties, what should I play with?"

A few people stood in front of the display screen, looking at the numerous financial derivatives, their eyes were dazzled for a while.

Fuel oil, gasoline, natural gas, hot-rolled steel coils, palladium, platinum. There are too many. There are dozens of trading varieties in New York futures at a glance.

"Hey, friends from afar, do you want to play oil futures together?"

Just then, a slightly joking voice came from behind them.

"Oil? I happen to be interested."

Chen Weidong turned around and saw a blond white man with a high nose bridge, adjusted his glasses with his hands, and walked slowly in front of them, with a deep smile on his face, revealing a hint of malice.

They seem to think that young people like them come here purely for gambling.

Chen Weidong chuckled secretly. Anyway, he had to speculate in the oil market. Now let's just play around and use his hands and feet.

After all, a group of people came to two computers, entered the account number and password for opening an account, and looked at the recent trend chart of oil futures.

It is now 2001, and the price of international oil is far below the more than 100 US dollars in later generations. The current price is relatively cheap, only 14 US dollars a barrel.

"Young people, the price of oil has been relatively stable recently, and has always remained in the range of 14-16 dollars. If you can control the laws of the market, I think you may become a millionaire overnight."

The blond Caucasian reminded optimistically, standing aside with a smile, as if ready to watch a good show.

"Really? I hope God will bless me then."

Chen Weidong smiled slightly, how could he not know that the other party regarded him as a novice.

Although the fluctuation range of oil price is very small now, there are often exceptions.

Futures trading has always adopted a margin system, which is generally around 10%, which is 10 times leverage.

The leverage of each futures product is different. For example, the margin rate of commodity futures is generally 8%-15%, and the corresponding leverage is 6-15 times.

Through financial leverage, the transaction amount can be enlarged instantly. Even for ordinary investors, many exchanges allow them to enlarge by 50 times.

in order to obtain higher profits.

It is reported that when the Quantum Fund set off a financial turmoil in Southeast Asia, they magnified this leverage to 500 times, holding billions of dollars in principal, and instantly gained the ability to control the currencies of several countries.

This effect can only be so magical in the financial market.

Of course, when the leverage is enlarged, the space you can operate will also become smaller, and the risk will rise infinitely.

If you operate according to what the blond white man in front of you said, if you buy up at $14, it may fall below $14.

Because of the leverage effect, your losses will also be magnified dozens of times.

If the position is not well controlled, a fluctuation in the market can force your $1 to be liquidated in just one minute.

In general, the futures market is different from stocks. It has its own leverage attribute, which will greatly magnify your gains and losses.

Speaking of the degree of danger, it is much more dangerous than gambling.

In the previous life, a friend of Chen Weidong secretly took 80 yuan from his family and leveraged it 10 times, planning to stud a stock to buy the bottom after the market plummeted.

Although he had undergone countless analyzes before this, at the critical moment, he was so nervous that he didn't even dare to place the order, his hands and feet were cold, and he was shaking all over, for fear that if something bad happened, he would blow up his position and go bankrupt.

In the end, I was persuaded, and we made fun of it for many years.

Chen Weidong looked at the oil trend chart on the computer screen. Without external force, it would be difficult for the price of oil to jump out of the range of 14-16 dollars.

Now that the price of oil is around $14, he only needs to start doing long positions at this position. When the price of oil rises to $15, the price difference of this dollar will be magnified by [-] times leverage, and he will make a fortune.

"Place an order."

Without further ado, Chen Weidong decisively placed a multiple order.

This time, the funds he took out were only US$50, which was enlarged to US$[-] through fifty-fold leverage.

Before formal operation, it is particularly important to find out the rhythm of the market.

(End of this chapter)