Chapter 278: A Dangerous Game
"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 money in a very short time, as long as you do it on your behalf, we can .....
"I'm sorry, I think you misunderstood, we're not here today to talk about business, but if there's a chance, I think we'll see you again."
Chen Weidong turned around, explained a little, and went directly to the second floor with Li Yun and the others.
The young man wanted to say something, but when he saw that the other party didn't want to deal with him, he could only watch them leave.
When the figure in 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 been noticed, they stepped on the second floor, which was much smaller than the first floor, but the professional atmosphere here was much stronger than the first floor.
Looking at it, even the ordinary investors sitting in the hall seem to be knowledgeable and have a relatively in-depth understanding of financial products.
There are even many people who are already trading some financial products quantitatively.
That's a big step forward.
As soon as Chen Weidong and the others entered the hall on the second floor, they attracted the attention of many people, but those people only glanced at them and continued to busy themselves with the computer.
It's not unusual for a few Asians to appear in New York.
They don't want to be too obtrusive, they just casually look at everything.
After a while, Chen Weidong had a general understanding of the entire trading floor on the second floor, as well as the investment preferences of investors.
From the electronic displays hanging on the walls to the whispered topics of those people, it seems to revolve around oil, gold, futures, foreign exchange indices and so on.
As the world's No. 1 energy source, the importance of oil is unquestionable.
In the era of rapid industrial development, the world's demand for oil is also increasing.
So far, no one has found any energy source that can completely replace oil.
Therefore, oil has a high weight ratio in the entire financial market.
Even more precious than oil is gold, which is recognized as the world's most valuable hard currency.
"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 they had already prepared, and took out a few forged documents, and the information was absolutely true internally, and no one could find it, so they handed it over to the staff.
It took less than ten minutes for the staff to open two accounts for them.
In addition, 100,000 US dollars were deposited into each of them.
"Ah Wei, let's see what *** does later." Chen Jie rubbed his hands together and was eager to try.
Over the years, he has a certain understanding of various financial products, and he is no longer a novice who could not speculate in stocks back then, and he is confident that he can get started quickly with futures.
"With so many varieties, why don't you have something to do?"
Several people stood in front of the display screen, looking at the numerous financial derivatives, and their eyes were about to be dazzled for a while.
Fuel oil, gasoline, natural gas, hot-rolled steel coil, palladium, platinum, ..... There are too many, and there are dozens of trading varieties in New York futures.
"Hey, friends from afar, do you want to play oil futures together?"
Just then, a slightly playful voice came from behind them.
"Oil? I'm just a little interested."
Chen Weidong turned around and saw a blonde white man with a high nose, holding his glasses with his hand, and walked slowly to them, with a hint of ill will in the depths of the smile on his face.
It seems to think that young people like them, coming here, are pure gambling.
Chen Weidong smiled secretly, anyway, he has to speculate in the oil market, now he has to play first, and he should move his hands and feet.
After that, the group came to the 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 international price of oil is far less than the more than $100 of later generations, and the current price is still relatively cheap, only $14 a barrel.
"Young people, the price of oil has been relatively stable recently, always in the range of $14-16, if you can control the laws of the market, I think, you may be able to become a millionaire overnight."
The blonde white man reminded optimistically, smiling and standing aside, as if ready to watch a good show.
"Really? I hope God will bless me."
Chen Weidong smiled slightly, how could he not know that the other party was treating him as a novice.
Although the range of fluctuations in oil prices is now small, 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 variety is different, such as 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 magnified instantly, even for ordinary investors, many exchanges allow them to amplify by 50 times.
In order to obtain higher windfall profits.
It is reported that when the quantum fund set off a financial storm in Southeast Asia, they magnified this leverage to 500 times, holding billions of dollars of principal, and instantly gained the ability to control the currencies of several countries.
This kind of effect can only be so magical in the financial market.
Of course, while the leverage is amplified, the room for you to operate will also be smaller, and the risk will rise infinitely.
If you do what the blonde white man in front of you says, you buy up at $14, and maybe 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 make your $100,000 be liquidated in just one minute.
In general, the futures market is different from stocks, it has its own leverage attributes, which will greatly magnify your gains and losses.
When it comes to the degree of danger, it is much more dangerous than gambling.
In his previous life, a friend of Chen Weidong secretly took 800,000 yuan from his family, put on 10 times leverage, and prepared to buy a stock after the market plummeted.
Although before this, after countless analyses, but at the critical moment, he was so nervous that he didn't even dare to hang the pending order, his hands and feet were cold, and he was trembling all over, for fear that if he didn't do a good job, he would blow up and go bankrupt.
In the end, I was cowardly, and we made fun of me for many years.
Chen Weidong looked at the oil trend chart on the computer screen, and if there was no external force, it would be difficult for the price of oil to jump out of the range of 14-16 US dollars.
Now that the price of oil is around $14, he only needs to start long in this position, and when the price of oil rises to $15, the difference in the price of this dollar will be magnified by 50 times leverage, and he will make a big profit.
"Place an order."
Chen Weidong didn't say a word, and decisively placed a lot of orders.
This time, the funds he took out were only $10,000, and through fifty times leverage, the funds were magnified to $500,000.
Before the official operation, it is particularly important to feel the rhythm of the market.