Chapter 232 Going against the market, the traders are on their own!
Shorting the US dollar and longing the yen, just these eight words is a journey of wealth. Sometimes Zhang Gaoxing feels that finance is really cruel.
It’s so much money for others to work hard to death, but those financial tycoons stir up their economy with their hands. Big profit means getting wealth from a country, and small profit means making money that others can’t make in their lifetime.
Gao Xing Capital's framework has been established and is also recruiting traders.
Zhang Gaoxing is unprofessional.
After contacting executives of several foreign exchange companies, he took a fancy to one of them, and then Zhang Gaoxing simply and rudely poached the foreign exchange trading director Sano with a high salary.
Sano is a top student.
Zhang Gaoxing applied for a trader with this director.
"Director Sano, what do you think is the core of foreign exchange operations?"
Sano sat upright, with a serious tone: "President, I have made a summary of myself in the foreign exchange market over the years."
"Oh, Director Sano just happened to tell me your experience, and it doesn't need to be so serious."
Zhang Gaoxing said.
"Yoxi, President, I think the first thing is to follow the trend. There was no computer at that time, but now there was a computer. Everyone uses weekly charts to see the overall trend. People who stare at the five-minute chart all day long, I don't think they can make a lot of money, and the pattern must be big."
"The second light position does not represent good risk control, stop loss does not represent good risk control, and putting the pockets into a safe position does not represent good capital management. Light position is to keep trial and error, profits run, increase profits to fly, if you are wrong, strictly stop loss."
"Third, doing trading is about doing life. Sometimes providing one's own cultivation is more important than looking at K-lines and researching and technical analysis. Foreign exchange is endless, and human nature is infinitely magnified. People can clearly see their greed and fear in it, and they can also see their helplessness and desire for quick success and instant benefits..."
...
After Sano's words, Zhang Gaoxing heard the other party's vicissitudes of his ten years of trading.
the next day.
Zhang Gaoxing issued an order to trade.
"Director Sano, from today on, you will start shorting the US dollar and long yen."
Sano didn't understand. Yesterday he told his boss about the core of foreign exchange speculation and followed the trend, but the boss's operation was against the market!
"The US dollar is so strong now, how can you short it!"
In recent years, the United States has been the world's largest country, and the Western world has been focusing on the US imperialism. The US financial policy has implemented a high interest rate policy. In addition, the US dollar is a general currency, and it has always been in a state of appreciation. The US dollar is more valuable than gold.
Why are you shorting the US dollar?
"The United States is in inflation, the current fiscal deficit, and its domestic export products have serious advantages. The US dollar has remained high for a long time, which will inevitably change!"
"What the president means is that the United States will demand that the dollar depreciate itself?"
"Yes, many large American manufacturing companies are now unable to sit still. The US imperial manufacturing industry has collapsed under your manufacturing products on the Japanese side. Many people have lobbyed and strongly demanded that the government interfere in the foreign exchange market and depreciate the US dollar."
"But even if the US government intervenes, it is extremely limited, because the foreign exchange market is too large. As Samuelson said, the greatest king of mankind is unable to change the currents in the ocean, and the government cannot interfere in the international currency market as much as possible."
The foreign exchange market is extremely large and invested in national currencies. Unlike stock trading, the latter is easily controlled by people with large funds, while the latter is not easy to control the market, because no one can control the market. Its trading volume is very large, and many participants, even the central bank, cannot control the market.
The foreign exchange market is so powerful, so how can foreign exchange speculation in China Dadi not have more stocks? This is because of the lag in China Dadi's financial development. There are few domestic foreign exchange investment channels. Moreover, although some banks have foreign exchange speculation business in later generations and foreign banks have foreign exchange futures products, the foreign exchange margin that investors are keen on is not fully open, and they can only rely on some trading platforms for trading. The qualifications of those platforms are of varying quality and the platform is extremely risky.
In addition, the returns of foreign exchange transactions are high, and the fees are also high. In addition, the professional requirements for foreign exchange speculation are relatively strong and are not suitable for novices. They need to combine the comprehensive analysis capabilities of the global economy, commodity markets, etc. to make individuals able to speculate in foreign exchange. Finally, the risk of foreign exchange margin business is too high. This leverage is not suitable for the national conditions of China. High leverage profits will be amplified, but the risk can make people lose everything overnight.
The stock market is risky, but the foreign exchange risk is even greater.
In the office, Sano saw that the boss's idea was actually very firm, so he went against the market and said, "No matter whether they can intervene or not, if the general trend is really like that, this is an opportunity."
"Of course, starting today, you will group the trading team and we will start trading."
Sano expects his boss to succeed, otherwise he will be unemployed if he is poached.
Zhang Gaoxing confidently announced the company's next task.
As the signing of the Plaza Agreement is getting closer.
"Funo Miko."
"Hi!"
"Let Director Sano come to my office."
"Hi!"
"Bang bang!"
"President."
"Director Sano, have you arranged it?"
"President, after the arrangements are made, we can do business tomorrow."
"Okay, it starts on time at 8 o'clock, I'm going to send it!"
"Hi!"
With 90 million yuan in funds, Zhang Gaoxing didn't get billions this time and was sorry to empty his stomach and drink.
Billions, Zhang Gaoxing was flirting with his heart.
It is possible to obtain billions of profits from the stock market in a short period of time, but this possibility is very small, because most stocks in the stock market, their company's total assets are only 10 billion, but the circulating shares in the stock market are only 10 billion, so it is basically impossible to obtain billions of profits from them.
In the long run, it is entirely possible to encounter a high-growth company, such as Microsoft, Apple, Coca-Cola, and Amazon, Baidu, and Taobao in later generations. In the early days, the market value doubled in two or three years, and holding it for more than ten years can make huge profits. However, if you have to choose a company of this level from tens of thousands or hundreds of thousands of stocks around the world, it is not easy.
In the stock market, some companies make money by the stock market, and after the crowd, the stockholders are in a mess, and most of them lose money.
It is naturally not a problem for Zhang Gaoxing to select high-quality companies. For example, he knows that Microsoft, Apple, Cisco, Taobao, and Penguin stock markets. The problem is that Zhang Gaoxing doesn’t have that much money to put in those high-growth companies now, so he only holds shares in Coca-Cola. However, this time, foreign exchange speculation can allow himself to gain huge wealth.
When he succeeds greatly, Zhang Gaoxing will not be short of money by then. He wants to buy Microsoft's stocks, and he wants to buy Apple's stocks...
Chapter completed!