Billion dollars in a week trading YEN
I found this nice example and would like to share it with you.
Here is how it works.
First of all, keep on smillling because in one week you are becomming a billionaire.
1. Borrow $100 and open a foreignexchange account.
2. On Monday at 8:01am buy �8718 Japanese Yen. At 8:14am sell �8728, give�4 to your friendly broker, leaving �6 profit. Your broker allows you toleverage the transaction 58 times by lending you A$5,700.Your net profit is therefore �348 Yen or 3.5%.
3. In the next fifteen minutes,with equity of A$103.48, sell at �8730 and buy at�8712, grossing 18 pips (14 after deduction of brokerage spread). Yourequity is now A$111.88
4. Repeat this process every 15minutes, selling high and buying low until close of business on Saturdaymorning. Your average profit per transaction is 3.3%, yielding a finalbalance of $A 1,087,061,600.
Repaythe $100. Goog luck shopping.
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