Currency transaction process

• US 20080120248A1
• Filed: 11/16/2006
• Published: 05/22/2008
• Est. Priority Date: 11/16/2006
• Status: Abandoned Application

• Current Assignee: Claus Peter Roehr
• Original Assignee: Claus Peter Roehr
• Inventors: Roehr, Claus Peter
• Application Number:
  US11/599,750
• Publication Number:
  US 20080120248A1
• Time in Patent Office: Days
• US Class Current: 705/36R
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

The present invention relates to a process of executing an on-line transaction for the purchase and sale of currencies or other traded assets. A sale order is entered simultaneously with the purchase order to take effect upon the market price reaching either a predetermined gain or loss in value. Tokens of predetermined denominations are used to execute the transactions.

Claims

1. A process of executing a transaction for asset purchase and sale comprising the steps of;

opening a trading account with a broker and receiving an account number;

purchasing a token of a predetermined currency denomination;

selecting a trading station having a housing and a display and having an on-line input of asset trading data displayable on said display and having a token input and having an output to a transaction broker for handling trades and means for actuating a trade with said transaction broker;

entering said trader account number into said trading station;

selecting a type of trading transaction;

inputting said purchased token into said token input of said trading statio;

actuating a buy trade of an asset through said transaction broker for the amount of said purchased token; and

actuating a sell trade of said bought asset through said transaction broker responsive to a predetermined targeted change in market prices for the purchased asset;

whereby an asset buy and sell transaction is initiated from a trade station.

2. The process of executing a transaction for asset purchase and sale in accordance with claim 1 including the step of issuing a trading card having a trading account number thereon to a trader.

3. The process of executing a transaction for asset purchase and sale in accordance with claim 2 including the step of selecting criteria for the sale of purchased assets.

5. The process of executing a transaction for asset purchase and sale in accordance with claim 1 in which said step of selecting a trading station includes selecting a trading station having a plurality of rotating wheels each having a plurality of graphic symbols thereon.

6. The process of executing a transaction for asset purchase and sale in accordance with claim 5 in which said step of selecting a trading station includes selecting a trading station having an actuating arm.

7. The process of executing a transaction for asset purchase and sale in accordance with claim 6 in which the step of selecting criteria for the sale of purchased assets includes selecting a direction and degree of change in a currency valve for the execution of the sell order.

8. The process of executing a transaction for asset purchase and sale in accordance with claim 7 in which the step of selecting a trading station includes selecting a trading station having a token output opening for outputting tokens for winning sales of a currency.

9. The process of executing a transaction for asset purchase and sale in accordance with claim 8 including the step of selecting a jackpot criteria for a more extreme change in the market for a currency.

10. The process of executing a transaction for asset purchase and sale in accordance with claim 9 in which a jackpot criteria is selected by the use of a plurality of token.

4. The process of executing a transaction for asset purchase and sale in accordance with claim 4 in which the bought asset is currency.

11. An asset trading process comprising the steps of:

selecting a trading station having a housing and a display and having an on-line input of asset trading data displayable on said display and having a card reader and having an output to a transaction broker for handling trades and means for actuating a trade with said transaction broker;

opening an account for an individual with said transaction broker and issuing a brokerage account number and account card;

validating said brokerage account number in said card reader in said selected trading station;

selecting trading criteria on said selected trading station for trading an asset;

actuating a short term trade of an asset with said trade actuating means; and

receiving feedback on said trade;

whereby trading can take place through a trading station remote from a broker'"'"'s office.