Chapter 1492 Kill the bulls and kill the bears(2/2)
How cruel!
Give him the money back, he won't play anymore!
However, bulls like him looked very disappointed, and those small short sellers who had just spent a lot of money to go short also looked a bit unhappy.
Many of them opened short positions at the price of 28 and 29. Now the exchange rate has risen again by more than 27 yuan. Among them, those who opened relatively high leverage have almost lost their positions.
After all, you must know that in foreign exchange transactions, you can open a leverage of more than 100 times.
With such a high leverage, as long as the exchange rate fluctuates by 1%, the position will be liquidated.
However, seeing that the situation of the Thai baht is so dangerous today, no matter how crazy someone is, they will not open such a high leverage, which is usually about ten times.
But even ten times leverage cannot withstand such fluctuations!
It can even be said that with such huge fluctuations, they were not even given a chance to cover their positions, and their positions were immediately liquidated.
"After killing the longs and killing the shorts, the market obviously did not give these retail investors a chance to make money."
Fang Chen sighed quietly.
This is the fate of retail investors, or leeks.
The retail investors who chose to go short today were undoubtedly on the right track, but their weak funds and huge ambitions meant that they were swept out by a fluctuation before they could reap the benefits.
The only ones who can survive now are those who use twice the leverage or don’t use the same leverage.
But in the face of such a turbulent market, there are still a few people who can resist using leverage. After all, if they can go in the right direction, it will be a complete profit. It will take three years to open and three years not to open.
To put it bluntly, even if I don’t work in the next two to three years, I will still have enough money to spend.
In other words, with this money, if you buy a house, start a business or something, the trajectory of your life will be changed.
How could they resist such temptation?
Suddenly an idea struck him, and Fang Chen said to Su Yan: "Have you ever played Monopoly?"
"Of course I have played it. After all, Monopoly is our own company's product."
Hearing this, Su Yan rolled her eyes at Fang Chen and said.
Monopoly was invented in the United States in 1935, but was later acquired by Hasbro.
Chapter completed!