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Many people confuse short-term trading with speculation, but in reality, they are fundamentally different. Short-term trading is a professional investment activity based on an in-depth understanding of market principles. It requires traders to have solid skills, sharp judgment, and strong psychological resilience.
Mastering short-term trading hinges on studying historical trends.
Those traders who perform well in the short-term trading field all spend a significant amount of time analyzing the movement patterns of candlestick charts. They repeatedly analyze historical candlestick data, observe price performance under various market conditions, and gradually develop a set of experiential rules.
It should be clarified that these rules are only probabilistic references, not absolute predictions. This is because the market is driven by multiple factors such as emotions, information flow, and capital dynamics, with emotional factors being the hardest to predict. Therefore, savvy traders make relatively rational judgments based on historical data rather than blindly chasing gains or selling losses.
Beware of virtual currency traps: from

As prices rise, investment and wealth management become essential. Different investors can choose different strategies, such as income stability for those who prefer dividend products, index ETFs for high-income earners, and aggressive strategies for those with more time. Investors need to have good judgment, select suitable assets, and be patient to achieve wealth growth.

Taiwan stocks rose by 160.83 points today, closing at 28,310.47 points. Driven by a rebound in US tech stocks, capital flow has noticeably returned. TSMC performed strongly, rising to 1490 yuan, becoming the market focus. The three major institutional investors combined bought over NT$39.572 billion, indicating a rebound in market popularity. Analysts believe that there are still high points to look forward to by the end of the year. Investors should closely monitor semiconductor and small to mid-cap thematic stocks to seize future growth opportunities.

Important Update: The United States officially entered Standard Time at 2:00 AM on November 2, 2025. The regular trading hours for US stocks have been adjusted to 22:30 to 5:00 the next day, Taiwan time.
Why is it important to understand US stock trading hours?
If you're a Taiwanese investor wanting to participate in US stock trading, you first need to understand a key reality: the biggest difference between US stocks and Taiwanese stocks is not the direction of price movement, but the trading hours. The US and Taiwan are separated by half the globe, and the US also adjusts for daylight saving time each year, while Taiwan does not, causing the time difference to change every six months. Missing just one hour could mean missing a critical trading opportunity.
Three Trading Windows for US Stock Market
The US stock market does not have just one trading session. Depending on the level of formality, it can be divided into three different time windows:
1. Pre-market Trading
- Eastern Time in the United States

Many investors, when first entering the investment market, often focus only on stocks and bonds, neglecting an equally important asset class—commodities. In fact, commodities such as crude oil, copper, and gold, along with stocks, bonds, and foreign exchange, form the core of global investment asset allocation. Their price fluctuations directly reflect the state of the global economy, and they are highly liquid, making them worth a deeper understanding.
What exactly are commodities?
The so-called commodities refer to large quantities of physical goods that are available for circulation but are not part of retail channels, possess commodity attributes, and are used in industrial production and consumption. The biggest difference from ordinary goods is "large"—large supply, large demand, high circulation, and substantial inventories. Therefore, they are often located upstream in the industrial chain.
Commodities are mainly divided into six categories:
Energy—including crude oil, gasoline, fuel oil, natural gas, and electricity. Among them, crude oil

In 2024, the Federal Reserve officially begins a rate-cutting cycle, and this is not just an American issue. When the US dollar interest rate is lowered, the map of global capital flows will be redrawn. This article provides an in-depth analysis of the logic behind the US dollar's decline, the response strategies of various asset classes, and how investors should seize this transition.
Why is the US dollar weakening as the rate-cutting cycle begins?
Understanding the essence of rate cuts simply
A rate cut means money becomes cheaper. When the US dollar interest rate decreases, the returns on holding dollars also decline, prompting capital to seek higher yields elsewhere. According to the latest Federal Reserve dot plot, the goal is to reduce the benchmark US dollar interest rate to around 3% by 2026.
This may sound like a moderate adjustment, but in reality, it triggers a series of market reactions—not just for the dollar itself, but for the entire global financial market re-pricing.
The direct reason for the US dollar's decline
The relationship between interest rates and exchange rates is the most direct. High interest rates attract capital inflows

Simple Moving Average (SMA) is an effective technical analysis tool that clearly displays the trend of an asset's price. This article introduces two core applications of SMA, including crossover signals between price and moving average, as well as golden and death crosses of multiple moving averages. Additionally, the article explains in detail the calculation logic of SMA and the setup process on trading platforms, and recommends combining it with other indicators such as RSI and MACD to improve trading success rates.

Is it cost-effective to exchange for Japanese Yen now? Simply put: Yes, but you need to choose the right method.
As of December 10, 2025, the TWD to JPY exchange rate stands at 4.85, compared to 4.46 at the beginning of the year, reflecting an appreciation of about 8.7% over the year. For those planning to travel abroad or looking to make investment allocations, exchanging for Yen is becoming a hot topic. Expectations of interest rate hikes by the Bank of Japan and the influx of global safe-haven funds have made the Yen one of the most stable choices besides the US dollar.
But here’s a key point: exchanging the same 50,000 TWD through different methods can result in a difference of over 1,500 NT dollars — which is like buying several more cups of bubble tea. So choosing the right channel is really important.
Why has exchanging for Yen become a trending topic now?
Three reasons make the Yen popular:
Surging travel demand: Tourism to Japan is recovering, with Taiwanese travelers' currency exchange demand increasing by 25% annually. Plus, Japanese merchants still primarily use cash (credit card penetration is only 60%), making cash exchange essential.
Hedging

Knowing the Hong Kong stock market opening hours is crucial for investors, as trading rules directly impact trading opportunities and profits. The HKEX is a major global trading platform, and its trading hours include pre-market auction and after-hours auction, as well as specific trading holidays. Investors should make good use of the characteristics of each time period and choose appropriate trading instruments such as funds, options, or CFDs to develop effective trading strategies.

In March 2021, American hedge fund manager Bill Hwang suffered a $20 billion loss in just two days, becoming one of the fastest modern-day losers on Wall Street. The root cause of this storm was—margin calls.
Bill Hwang Case: How terrible is the cost of high leverage?
Bill Hwang is a private equity fund manager whose winning strategy is simple: select promising companies and use大量 leverage to amplify returns. This strategy allowed him to grow his assets from $220 million to $20 billion in 10 years, once making him a prominent figure on Wall Street.
But leverage is like a double-edged sword. When the stock market experienced massive volatility in 2021, his holdings suffered heavy losses. Brokers, to protect themselves, directly forced liquidation of his stocks. Due to the large volume of stocks he held, the market couldn't absorb these sell orders, causing the stock prices to plummet rapidly, which then triggered chain margin calls.

The Elliott Wave Theory was proposed by Ralph Nelson Elliott, revealing that market price fluctuations follow predictable cyclical patterns. Its basic structure consists of a 5-3 wave pattern, with impulse waves and corrective waves alternating. Traders need to follow three rules and three major operational principles to accurately predict market trends. Although effective, the Wave Theory is not always reliable in live trading and should be combined with other technical indicators to improve accuracy.

Fundamental support strength increases
Micron Technology recently released its first-quarter financial report, with performance exceeding market expectations. Revenue, gross margin, and earnings per share all surpassed analyst forecasts, while raising its capital expenditure target for fiscal year 2026 from $18 billion to $20 billion, fully reflecting the strong demand for memory chips. This move effectively alleviates market concerns about a potential slowdown in data center investments.
At the same time, the US November CPI data unexpectedly declined, providing the Federal Reserve room to cut interest rates; the Bank of Japan's rate hike decision has been finalized. The combined policy changes of the two major central banks and the improving corporate fundamentals are expected to gradually boost market risk appetite.
USD/JPY: Support remains solid, range-bound consolidation continues
On Friday (December 19), USD/JPY rose by 0.38%, reaching a high of 156.44 during the session, hitting a nearly one-week high. The key point to watch is that the 155.0 level also corresponds to the from May

By the end of 2025, the Taiwanese dollar against the Japanese yen has risen to a relatively high level of 4.85, leading to a surge in outbound travel and yen investments. But here’s the question: do you know the cheapest way to exchange foreign currency? For the same 50,000 TWD, some spend an extra 2,000 yuan unnecessarily, while others can do it for less than 500 yuan. The key is choosing the right currency exchange channel.
Is it worth exchanging yen now? Let’s look at these two signals:
Exchange Rate Signal: Appreciated by 8.7% this year, think carefully before selling
From 4.46 at the beginning of the year to 4.85 now, the yen has appreciated over 8.7% against the TWD. It seems very cost-effective at first glance, but this also means you’ve missed a lower price point.
According to the latest market forecast, the Bank of Japan (BOJ) Governor Ueda Kazuo has signaled a potential rate hike, with market expectations of an increase to 0.75% on December 19 (a 30-year high), and Japanese government bond yields reaching 1.93%. Against this backdrop, USD/JPY from the beginning of the year to now has...

Moving Average (MA or simply "Average Line") is one of the most fundamental and commonly used indicators in technical analysis. Whether you are a short-term trader or a long-term investor, mastering the settings and applications of moving averages is an important step to improve your trading success rate. This article will provide a comprehensive analysis of this classic tool, covering its definition, classification, calculation, setup, and practical application.
What exactly is a moving average?
In simple terms, a moving average is the arithmetic mean of the closing prices over a specific period. As time progresses, each new trading day generates a new average value. Connecting these average values forms the moving average line that we see.
Calculation formula: N-day moving average = Sum of closing prices over N days ÷ N
For example, a 5-day moving average is calculated by adding the closing prices of the past five trading days and dividing by 5. With each completed candlestick, the moving average shifts forward by one period, and the calculation continues.

Crude oil is one of the most traded commodities worldwide and a vital pillar of the modern economy. For investors, participating in the crude oil market is no longer limited to a single channel—futures, funds, ETFs, oil stocks, options, and other methods all allow you to profit from oil price fluctuations. Among them, crude oil ETFs are popular among retail investors due to their trading convenience and lower barriers to entry. So, what are the advantages and disadvantages of crude oil ETFs? This article will provide an in-depth analysis of the operating principles, market products, investment alternatives, and risk management strategies of crude oil ETFs to help you better understand this financial instrument.
What is the core mechanism of crude oil ETFs?
Crude oil ETFs were launched in 2005 and emerged as innovative financial products alongside the global economic recovery. Unlike physical crude oil investments, crude oil ETFs do not store oil directly but replicate the spot or futures prices of crude oil through investments in crude oil futures contracts, forward transactions, or swaps and other financial instruments.

Why invest in cryptocurrencies?
In the current environment of highly volatile financial assets, cryptocurrencies are becoming an increasingly popular hedging tool for investors. Compared to traditional assets, they offer higher privacy and liquidity, making them an essential part of modern asset allocation. But with thousands of cryptocurrencies available, how can one find truly worthwhile investment targets? This article will provide a detailed analysis of the top ten cryptocurrencies by market cap, introduce 8 recommended cryptocurrency projects, and share practical investment strategies.
How should cryptocurrencies be selected?
There is a popular investment adage: "In a bull market, allocate to altcoins; in a bear market, stick to mainstream coins." The logic behind this is worth understanding deeply:
Why choose altcoins in a bull market? Altcoins tend to have higher price elasticity, making them more likely to experience rapid increases driven by market enthusiasm. In contrast, mainstream coins tend to have more stable gains. If you can accurately grasp the market rhythm, altcoins can bring significantly higher returns.

Recently, two major developments have injected new vitality into the precious metals market. On one hand, dovish forces within the Federal Reserve have gathered strength, and market expectations for a rate cut in December have risen sharply; on the other hand, policies related to AI continue to advance, further reinforcing market expectations for an accommodative monetary environment. Against this backdrop, both silver and gold have shown strong upward momentum.
Federal Reserve Policy Shift, Probability of Rate Cut in December Soars to 83%
Last Monday, Federal Reserve Board member Waller reiterated support for a rate cut in December and pointed out that the impact of tariffs on inflation is temporary. At the same time, soft employment market data further strengthened market expectations for a rate cut. Based on the current situation, the three Federal Reserve Board members appointed by Trump—Boman, Milan, and Waller—are all inclined to support a rate cut in December. The dovish signals released by Williams last week suggest he will join the rate cut camp, and Cook also shows dovish tendencies.
This means that the Federal Reserve