UC知道帮忙翻译一下，跪谢
来源：百度知道 编辑：UC知道 时间：2024/06/23 22:05:44
Because of the enormous opportunities for gains and losses in the commodities markets, the commodity exchanges do limit maximum daily price movements in a commodity.
Some examples are shown in Table 16-4
These daily trading limits obviously must affect the efficiency of the market somewhat. If market conditions indicate that the price of wheat should decline by $0.30 and the daily limit is $0.20, then obviously the price of wheat is not in equilibrium as it opens the following morning. However, the desire to stop market panics tends to override the desire for total market efficiency in the commodity markets. Nevertheless, the potential intraday trading range is still large. Recall , for example , that a $0.20 change in the price of wheat, which is the daily limit, is more than enough to place tremendous pressure on the investor to repeatedly increase his margin position. On the typical 5,000-bushel contract, this would represent a daily loss of $1,000.
READING M
Some examples are shown in Table 16-4
These daily trading limits obviously must affect the efficiency of the market somewhat. If market conditions indicate that the price of wheat should decline by $0.30 and the daily limit is $0.20, then obviously the price of wheat is not in equilibrium as it opens the following morning. However, the desire to stop market panics tends to override the desire for total market efficiency in the commodity markets. Nevertheless, the potential intraday trading range is still large. Recall , for example , that a $0.20 change in the price of wheat, which is the daily limit, is more than enough to place tremendous pressure on the investor to repeatedly increase his margin position. On the typical 5,000-bushel contract, this would represent a daily loss of $1,000.
READING M
由于获取的极大的机会和损失在商品市场上，商品交易限制在商品的最大值每日价格运动。
Some例子在表显示16-4
These每日贸易的极限必须明显地影响市场的效率有些。 如果市场条件表明麦子的价格应该下降$0.30和每日极限是$0.20，则明显地麦子的价格不在平衡，当它打开以下早晨。 然而，欲望停止市场恐慌倾向于忽略总市场效率的欲望在商品市场上。 然而，潜在的发生在当天的交易范围大。 例如，回忆在麦子上的价格的一个$0.20变化，是每日极限，足够是安置巨大压力在投资者一再增加他的边际位置。 在典型的5,000蒲式耳合同，这将代表每日损失$1,000。
READING市场行情
我们的对解释市场的注意在日报引述的We轮。 在第466页展示的表16-5和节录从1997年10月26日，报道合同的21种不同类型华尔街日报的编辑(这代表大约在那天报告的合同的40%)。
In每个案件，我们看合同也许被购买几个月的一个宽选择。 例如。 玉米，在芝加哥贸易委员会换(CBT)，有期货合约3月、5月、7月、9月和12月。 有些商品提供实际上每个月的一个合同。 直接地审查某些期限在桌里，我们导致玉米合同(CBT)的部分在第467页的表16-6。
The第二线在桌里表明我们在CBT换的玉米成交。 我们然后注意到，玉米在5,000蒲式耳单位被换并且在分被引述每蒲式耳。