失落的文明大全集:请rslrsl帮我翻译一下！谢谢了！

If exchange rates move in the desired direction ,foreign-exchange traders earn profits. However, losers accrue if exchange rates move in the opposite, unexpected direction. To limit possible losses on exchange market transactions, banks impose financial restrictions on their dealer’s trading volume. Dealers are subject to position limits than stipulate the amount of buying and selling that can be conducted in a given currency. Although banks maintain formal restrictions, they have sometimes absorbed substantial losses form unauthorized trading activity beyond position limits. Because foreign-exchange departments are considered by bank management to be profit centers, dealers feel pressure to generate an acceptable rate of return on the bank’s funds invested in this operation.
5、Surrounded by flashing currency prices, ringing phones, and screaming traders, Fred Scala offers his view of people who use economic analysis to forecast currency rates. ”they might be right,” he says,” but they don’t know how to pull the trigger.” And he knows. At age 27, he is Manufacturers Hanover Trust Co.’s top dealer in British pounds. Yesterday morning alone，he traded about $500 million in pounds, darting in and out of the market 100 times. As the dollar inched up, he bought. As it retreated, he sold. “We’re mercenaries, soldiers of fortune,” he says. “We have no alliances. We work for the bank.”
Currency trader ride high. As politicians dicker about what to do about the dollar, young traders at the world’s top 30 to 50 banks hold day-to-day control of the currency markets.
A look at Manufacturers Hanover’s trading desk shows this trading mentality in firm command.
6. BRAVO FOR FRANC TRADER
AS traders arrived yesterday at 7 A.M., the Swiss franc trader, Scott Levy, gets a hero’s welcome. He had bought $55 million of francs the night before, switched some into Austrian schilling in overnight Asian trading. ”I did quite well,” he tells colleagues, as he takes his seat. A Hong Kong trader woke him up at home with a 4 A.M. phone call—but helped Mr. Levy unwind his position at a profit of more than $165,000. Other traders greeted him with “ high five” hand-slaps, like a football player who has just scored a touchdown.
7. The next 90 minutes are consumed by a blizzard of trades with European banks. Computerized trading systems let traders do business with London, Frankfurt, or Zurich by the push of a button, without even a phone call. Typically, Manufacturers Hanover will buy “five dollars”—trader jargon for $5 million—then resell it at a razor-thin profit margin seconds later.