How The Stock Exchange Works (For Dummies) كيف تعمل البورصة (للمبتدئين) Wie die Börse funktioniert (für Dummies) Cómo funciona la Bolsa (Para Dummies) Le fonctionnement de la bourse (Pour les Nuls) 証券取引所のしくみ（For Dummies） Kaip veikia vertybinių popierių birža (For Dummies) Hoe de beurs werkt (voor Dummies) Como funciona a bolsa de valores (para leigos) Как работает фондовая биржа (для чайников) Borsa Nasıl Çalışır (For Dummies) Як працює фондова біржа (для чайників) 证券交易所是如何运作的（傻瓜版） 證券交易所是如何運作的（傻瓜版）

What is the Stock Exchange and how does it work? ما هي البورصة وكيف تعمل؟ Borsa nedir ve nasıl çalışır?

The Stock Exchange is nothing more than a giant globally network البورصة ليست أكثر من شبكة عالمية عملاقة Die Börse ist nichts anderes als ein riesiges globales Netzwerk Borsa dev bir küresel ağdan başka bir şey değildir

tend to organize the market place where every day huge sums of money are moved back and forth. تميل إلى تنظيم السوق حيث يتم نقل مبالغ ضخمة من المال كل يوم ذهابًا وإيابًا. tendem a organizar o mercado onde todos os dias grandes somas de dinheiro são movidas para frente e para trás. her gün büyük miktarlarda paranın gidip geldiği pazar yerini düzenleme eğilimindedir.

In total over sixty trillion (60,000,000,000,000) Euros a year are traded. في المجموع ، يتم تداول أكثر من ستين تريليون (60.000.000.000.000) يورو سنويًا.

More than the value of all goods and services of the entire world economy. أكثر من قيمة كل السلع والخدمات للاقتصاد العالمي بأسره. Mehr als der Wert aller Waren und Dienstleistungen der gesamten Weltwirtschaft.

However it's not apples or second hand toothbrushes that are traded on this marketplace. No entanto, não são maçãs ou escovas de dente usadas que são comercializadas neste mercado.

But predominantly securities.

Securities are rights to assets, mostly in the form of shares. Wertpapiere sind Rechte an Vermögenswerten, meist in Form von Aktien. Títulos são direitos sobre ativos, principalmente na forma de ações.

A share stands for a share in a company. Eine Aktie steht für einen Anteil an einem Unternehmen. Una acción representa una participación en una empresa.

But why are shares traded at all? Mas por que as ações são negociadas? Peki ama hisseler neden alınıp satılıyor?

Well, first and foremost the value of a share relates to the company behind it. Nun, in erster Linie bezieht sich der Wert einer Aktie auf das dahinter stehende Unternehmen. Bem, antes de tudo, o valor de uma ação está relacionado à empresa por trás dela.

If you think the value of a company in terms of a pizza.

The bigger the overal size of the pizza, the bigger every piece is. Quanto maior o tamanho total da pizza, maior é cada pedaço.

If for example Facebook is able to greatly increase its profits with a new buisness model. Se por exemplo o Facebook conseguir aumentar muito seus lucros com um novo modelo de negócio.

The size of the companies pizza will also increase, and as a result so will the value of its shares. Die Größe der Pizza des Unternehmens wird ebenfalls zunehmen, und damit auch der Wert seiner Aktien.

This is of course great for the share holders.

A share which perhaps used to be worth 38 euros could now be worth a whole 50 euros. Uma ação que talvez valesse 38 euros pode agora valer 50 euros.

When it's sold this represents a profit of twelve euro per share!

But what does Facebook gain from this?

The company can raise funds by selling the shares and invest or expand it's buisness. Das Unternehmen kann sich durch den Verkauf von Aktien Mittel beschaffen und investieren oder sein Geschäft ausbauen. A empresa pode levantar fundos vendendo as ações e investir ou expandir seus negócios.

Facebook, for example, has earned sixteen billion dollars from it's listing on the Stock Exchange. Facebook zum Beispiel hat mit seiner Börsennotierung sechzehn Milliarden Dollar verdient. O Facebook, por exemplo, ganhou dezesseis bilhões de dólares com sua listagem na Bolsa de Valores.

The trading of shares though, is frequently a game of chance. Der Handel mit Aktien ist jedoch häufig ein Glücksspiel. A negociação de ações, porém, é frequentemente um jogo de azar.

No one can say which company will preform well and which will not.

If a company has a good reputation, investors will back it. Wenn ein Unternehmen einen guten Ruf hat, werden die Investoren es unterstützen. Se uma empresa tem uma boa reputação, os investidores irão apoiá-la.

A company with a poor reputation or poor performance will have difficulty selling its shares.

Unlike a normal market in which goods can be touched and taken home Im Gegensatz zu einem normalen Markt, auf dem man Waren anfassen und mit nach Hause nehmen kann Ao contrário de um mercado normal em que as mercadorias podem ser tocadas e levadas para casa

on the Stock Exchange only virtual goods are available. na Bolsa de Valores, apenas bens virtuais estão disponíveis.

They apear in the form of share prices and tables on monitors. Eles aparecem na forma de preços de ações e tabelas em monitores.

Such shareprices can rise or fall within seconds.

Shareholders therefore have to act quickly in order not to miss an opportunity. Os acionistas, portanto, devem agir rapidamente para não perder uma oportunidade.

Even a simple rumor can result in the demand for a share falling fast regardless of the real value of the company. Schon ein einfaches Gerücht kann dazu führen, dass die Nachfrage nach einer Aktie unabhängig vom tatsächlichen Wert des Unternehmens schnell sinkt. Mesmo um simples boato pode fazer com que a demanda por uma ação caia rapidamente, independentemente do valor real da empresa.

Of course the opposite is also possible.

If a particularly large number of people buy weak shares. Se um número particularmente grande de pessoas comprar ações fracas.

Because if they see for example great potential behind an idea.

Their value will rise as a result.

In particular young companies can benefit from this.

Even though their sales might be falling, they can generate cash by placing their shares. Mesmo que suas vendas estejam caindo, eles podem gerar caixa colocando suas ações.

In the best case scenario this will result in their idea being turned into reality. Na melhor das hipóteses, isso resultará na transformação de sua ideia em realidade.

In the worst case scenario, this will result in a speculative bubble with nothing more than hot air. Na pior das hipóteses, isso resultará em uma bolha especulativa com nada mais do que ar quente.

And as the case with bubbles, at some point, they will burst. Und wie das bei Seifenblasen so ist, irgendwann werden sie platzen. E como no caso das bolhas, em algum momento elas irão estourar.

The value of Germany's biggest thirty companies is summarized in what is known as the DAX share index. Almanya'nın en büyük otuz şirketinin değeri DAX hisse endeksi olarak bilinen endekste özetlenmektedir.

The DAX shows how well or poorly these major companies O DAX mostra quão bem ou mal essas grandes empresas

and there by the economy as a whole are performing at the present time. und damit auch die Wirtschaft als Ganzes entwickeln sich gegenwärtig. e lá pela economia como um todo estão realizando no momento.

Stock Exchange is in other countries also have there own indices. Beurs heeft in andere landen ook eigen indices.

And all of these markets together create a globally networked marketplace.

Subtitles by the Amara.org community