How to Earn a Billion Dollars in a Week. Borrow $100 - TopicsExpress



          

How to Earn a Billion Dollars in a Week. Borrow $100 and open a foreign exchange account. 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 to leverage the transaction 58 times by lending you A$5,700. Your net profit is therefore �348 Yen or 3.5%. 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). Your equity is now A$111.88 Repeat this process every 15 minutes, selling high and buying low until close of business on Saturday morning. Your average profit per transaction is 3.3%, yielding a final balance of $A 1,087,061,600. Repay the $100 loan.
Posted on: Sat, 23 Nov 2013 21:31:16 +0000

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