Here are some financial words and expressions used in business and the stock market.
Our first expression is in the red. It is another way of saying that a business is losing money. In the past, numbers in the financial records of a company were written in red ink to show a loss.
A profit by a business is written in black numbers. So a company that is in the black is making money. An international news service reported that a private health insurer in Australia announced it was back in the black with its first profit in three years.
Another financial expression is run on the bank (银行挤兑). That is what happens when many people try to withdraw all their money from a bank. A run on the bank usually happens when people believe there is danger a bank may fail or close.
"Day trading" (日交易) is a new expression about system that lets investors trade directly on an electronic market system. Day trading companies provide a desk and a computer system to an investor who wants to trade. Individuals must provide fifty thousand dollars or more to the trading company to pay for the stocks they buy. Thousands of other investors do day trading from computers in their homes.
A day trader watches stock prices carefully. When he sees a stock rise in price, he uses the computer to buy shares of the stock. If the stock continues to rise in price in the next few minutes, the day trader sells the shares quickly to make a small profit. Then he looks for another stock to buy. If a stock goes down instead of up, he sells it and accepts the loss.
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