Watch industry is worth between $6 and $7 billion per year in profit. On a global scale, it is worth around $3.5 billion per year. And this is the good stuff. And don't forget, the watches are not the only thing that is being sold in the luxury watch stores. There are also handbags, purses, jewellery and handkerchiefs. And those statistics, numbers, in the numbers industry, are really just a snapshot of another industry. The Luxury Stores industry is the second largest retail industry worldwide and it is growing at a rate of 12.4%.
Why do the numbers industry are booming? It is because the numbers industry has other uses for numbers in its repertoire. You see, the Luxury Watch Stores industry relies on the numbers industry to sell its products. So, there are also many uses for numbers. I am sure you have even seen the ads in the news stations with numbers for sale. But I will share some of the more common uses.
Also, the placement of the letters in the same order creates nice readability. And the numbers are generally in their correct order, numerals are often placed at the end of a word in the alphabet, which creates beautiful artwork.
But, the true beauty of the numbers in the numbers industry is its use in trading and finance. A good example is the simple counting system which is used to price stock and shares. When someone buys a share, he agrees to give up some fraction of what he purchased. This fraction of a share is called the bid price. A numbers sign (1-9) signals the acceptance of the fraction. The signs for 0 are often placed at the end of a word and these numbers provide the context for the bid price.
As a trader, you would much rather place your share orders based on bid prices rather than accept a poor offer. This will ensure that your investment will be more than with, and equal to the offer price. The bid and offer will be different numbers for different shares and will be based on the bid prices. Each sign or number will create a different context in which your position will be acceptable, in an offer, you are not obliged to sell any part of your position. If you accept the offer and you are long stock, and the price of the stock falls by -5%, you would be obliged to sell 5% of your position. But you are not obliged to accept any offer.
The bids and offers are taken against the buy and sell offers placed by the traders who are short stocks. Now, the offer prices for the stocks and shares may be very different. In an offer, you are required to accept an offer regardless of bid prices. The traders who are short stocks are in desperate need of money and they offer you cash. If you accept, then you will be obliged to pay them the cash value of the shares, and you would not be obliged to accept any bid or offer of shares.
Sometimes the trader or traders in the offer, are not in a need of money but they would prefer to receive a more attractive offer than the trader or traders who are in a need of money. This can be because in these cases, the trader or traders have a long position. With a long position, they are paying off more shares than the other traders.
What you can do is to think that you are not being given a bid or offer but the traders are trying to get your money. As soon as you accept, the trader must sell that part of his long position, and you must be obliged to accept a bid of shares at that price. In that case, they are obligated to accept your offer. But you may also decline the offer. You could choose to accept the offer and sell any part of your position.
As soon as you accept the offer, you must be obliged to pay the trader $5 for each share of stock that you have accepted. But you may also decide to cancel the offer at any time.