VOA 2015/4/26

Now, Words and their Stories, a VOA special 中文版, about American expressions. I ' m Rich Kleinfeldt with some financial words and expressions used on business and the stock market.

Our first expression was "in the red." It is another to 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 business magazine recently published a report on a television company. The report said is still in the red, but is able to cut it loss from the year before.

A profit by a business was written in black numbers. So a company, that's "in the black" are making money. An international news service reported, a private health insurer in Australia announced it is "back in the black with Its first profit in three years. "

Another financial expression is "run on the bank." That's what happens if many people try to withdraw all their money from a bank. A "run on the bank" usually happens when people believe there was danger a bank may fail or close.

Newspaper reports about a banking crisis in Russia used that expression. They said the government acted because of fears that the crisis would cause a run on the banks.

"When a run on the banks is starting, there is not much they could do," said a banking expert.

' Day Trading ' is a new expression of about a system, lets investors trade directly on the electronic market system. The system is known as NASDAQ, short for the National Association of Securities Dealers automated quotation. It is the first completely computerized stock market. It sells stocks of companies not listed on any stock exchange. Many high technology companies is listed on it.

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 does 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 on price in the next few minutes, the day trader sells the shares quickly to make a small p Rofit. Then he looks-another stock to buy. If a stock goes down instead of up, he sells it and accepts the loss.

The small profit many times during the day. Day traders to buy and sell stocks hundreds of times each day.

Many day traders lose all their money in a week or so. Only on thirty percent succeed in earning enough from their efforts to continue day trading.

This VOA special 中文版, Words and their Stories, was written by Frank Beardsley. This is Rich Kleinfeldt.

VOA 2015/4/26