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millionairebeforeim1... | Can this work: how to make a billion dollars? |
How to make 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.
Additional Details
thank you all for such quick responses. i truely appreciate it. i just found this online and was wondering about it. i know absolutely nothing about foreign exchange stuff like this. but from most of your responses you say it wont work. i believe you...i didnt think it was really that simple. if you want something in life... you have to work for it...for most people anyway |
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ladyjallyn
 |
I cannot see that being accurate. Prices on money drop and increase everyday. Though the thought is sound if prices never fluctuated it might work. Plus average brokerage fees tend to be ridiculous thus making you lose alot of your hard earned cash. |
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Ryan K
 |
or you could just rub the magic lamp |
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stalins14thghost@rocketmail.com
|
Yes.
(I claim 10% fee) |
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Javier C
|
if it works then give me some money |
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mike
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no because then everyone would do it |
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MikeM_FINA4242
|
No, this won't work. I don't know about the exchange rate stuff either but this would violate the theory of arbitrage opportunity. There is no investment on your own, except for the interest on $100 for one day. Because you can make money with no investment, this is not possible.
Think about it, if you could make $1 billion on $100 why not make $1 trillion on $1,000 investment. Why stay at $100?
Someone would have already done this, the exchange rates would change and it would no longer be possible to do.
Sorry!! |
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what?
|
well, i suppose if you had enough dirt on both the Fed and the BOJ, it might be reasonable...
lmao. |
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Trish
|
You seem to assume that everything will break your way all day long. If the numbers for each trade could just be exactly the way you type them, sure, you could make a bundle. Real life isn't like that.
You can't make money reliably just by churning it around, because you're not adding any value by producing anything or providing a service. In fact, because you have to pay fees to your brokers every step of the way, in the long run, you will most likely lose money.
A whole generation of day traders learned that the hard way in the stock market. Schemes like this are really nothing but gambling. You may as well go to Vegas and throw coins into a slot machine. At least you'll get some bells and maybe some nifty graphics to entertain you while the house gradually sucks off a percent here and a percent there until your stake is gone. |
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Robert
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Every time I buy and sell foreign money the value does not go the predicted direction. I wish it was as easy as you describe. |
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Anne N
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illegal, lol. I wonldnt try that. I've tried to think about that one and its illegal. |
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That Just Wasnt Cool...
 |
no it cant, but it would work with $99
wtf i dont know |
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sketchhog
 |
I'm sure if it was that easy......a lot of people would already be doing it. But I'm sure somewhere in the process this becomes illegal. |
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aquamansoup
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yeah you just go on ahead and do that |
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veronica p
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yes if you can work that quick |
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i dont know
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dont exactly understand how this is a question, but thanks for the tip |
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