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Main » 2010 » October » 7 » Financial Market
8:17 PM
Financial Market

Oy this  is my gold , if you want your own coins start reading , who knows maybe you'll get lucky too.

What is the Financial Market ?

Probably the place where you’ll make most of your money , if you’re
smart, fast and lucky. "Buying low and selling high” can make you a lot
of euros in just a few seconds , will you be fast enough to buy before
everyone else when the exchange rate drops ?

Let’s say you’re a resident of USA , obviously your local currency
wil be the USD. Before we advance with our tutorial you must understand
that on the financial market we can work with 3 types of currency :

  • EURO
  • GOLD
  • Local Currency ( in our case the US dollar)

  • EURO – It’s a global market so it’s behaviour will be influenced by every citizen of every country that buys or sells EUROS.

  • GOLD – Is the second currency in anno. If you
    decide to keep your cash in gold you can speculate on the euro market ,
    by buying everytime someone sells and selling back when the exchange
    rate rises. People usually sell or buy 2 or 3 euro so there’s not much
    room for bigger gains.
  • LOCAL CURRENCY – This is probably the most
    speculated market in the game, it can bring huge gains (like 100 euro in
    just a few seconds). Imagine someone selling 1000 gold units on the
    market the local currency will fall to 3 maybe 4 USD/1 gold . Buying USD
    at 4 units/1 gold and selling it at 20 USD/1 gold can bring you a
    considerable gain.

Just in case you're not fast enough, and you realise you just bought at
24 instead of 4 usd/1 gold, sell them back quickly and you will only
lose a few "coins”.

Another thing you should keep in mind is that usually countries have a
tax of 1% , wich means everytime you buy or sell something on the
financial market the goverment budget gets 1% of the transaction value.

Category: Finished Tutorials | Views: 1692 | Added by: Vrillx | Tags: Gold, financial market, local currency, Sell, Buy, Euro | Rating: 4.0/1
«  October 2010  »

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