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Preface: Mastering Technical Indicators to Unlock the Secrets of Forex Trading
The world of forex trading is full of variables, but it is not without clues. If you want to establish a foothold in the currency market, technical indicators will become your powerful tools for analyzing the market and predicting trends. Whether you are a beginner just starting out or an experienced trader, understanding the principles and applications of technical indicators is an essential step to improving your trading success rate.
The essence of technical indicators is simple—they are mathematical calculations based on historical price and volume data. Through these calculations, we can visually observe market trends, price strength, volatility, and trading activity on trading charts. Interestingly, this concept is not a modern invention. As early as the 17th century, Japanese rice trader Honma Munekyu created candlestick charts, pioneering technical analysis.
Technical indicators can be broadly divided into four categories: trend indicators used to capture market direction, momentum indicators used to measure trend strength

Morphological patterns, as an important tool for technical analysis in the foreign exchange market, help investors identify trends and turning points, determine entry points, and develop risk management strategies through the observation of price charts. This article introduces 9 types of pattern methods and their practical applications, emphasizing the importance of understanding their limitations and combining multiple indicators to enhance trading accuracy and effectively control risks.

In October 2024, international spot gold XAUUSD broke through $4,400 per ounce, setting a new historical high. However, the subsequent pullback left many investors confused— is this a signal for adjustment or an opportunity to increase holdings? To determine the future direction of gold prices, one must first understand the three core logics driving gold's rise.
Central banks are疯狂囤金: Why gold reserves have become a new battleground for major powers
Over the past two years, global central banks have significantly increased their appetite for gold. According to the World Gold Council (WGC), net gold purchases by central banks worldwide reached 634 tons in the first three quarters of 2025, with 220 tons purchased in the third quarter alone, a 28% increase quarter-over-quarter. What does this number reflect behind the scenes?
Central banks around the world are reallocating their reserve assets. A survey released by the WGC mid-year shows that 76% of responding central banks plan to increase their gold holdings over the next five years, while also expecting the proportion of US dollar reserves to decline. This is not a simple

This article discusses two types of order methods: market orders and limit orders, including their characteristics, suitable users, and risks. Market orders execute quickly and are suitable for short-term traders, but they may incur slippage; limit orders give traders more price control and are suitable for patient investors, but they may not be filled. Ultimately, the choice of method depends on individual trading style and market conditions, and all traders are reminded to pay attention to risk management.

Weak data but strong currency—there's a mystery behind this
Offshore RMB (USD/CNH) has recently been doing something counterintuitive: in November, China's economic data showed weakness, with industrial output and retail sales falling short of expectations, yet the RMB has been strengthening, even approaching the psychological level of 7.00 on Wednesday. This phenomenon of "poor economy, strong currency" is reshaping market perceptions of the RMB.
To understand this trend, we need to first recognize a fact: China's trade surplus for the first 11 months has already exceeded 1 trillion USD. This massive foreign exchange income has become a key factor supporting the resilience of the RMB. Meanwhile, as expectations of Fed rate cuts become clearer and the US dollar index breaks below the 102 support level, global capital flows are also changing direction.
Exporters' "Exchange Timing": From Observation to Action
In the past two years, the inverted US-China interest rate spread has led many export companies to hold large USD positions. But now

The Bank of Japan is on the verge of raising interest rates, and the yen exchange rate fluctuations have become a new focus for Taiwanese investors. As of December 2025, the NT$ to JPY exchange rate has reached 4.85, appreciating by 8.7% since the beginning of the year. Not only has the demand for travel currency exchange rebounded, but the yen's position as one of the world's three major safe-haven currencies has also become increasingly prominent. Whether you are planning to travel to Japan, engage in purchasing代理, or want to take advantage of the NT$ depreciation pressure for asset allocation, understanding the most cost-effective currency exchange strategies is essential.
Why is the yen worth paying attention to? A comprehensive analysis from daily life to investment
Daily application scenarios: travel, shopping, studying abroad
Japan's cash culture still dominates, with most retail merchants only accepting cash transactions, and credit card penetration rate at only 60%. Additionally, there is high demand for代理 of Japanese drugstores, clothing, and anime peripherals, with consumers often needing to pay directly in yen to代理 or Japanese e-commerce platforms. Students planning long-term stays in Japan and working holidaymakers also habitually exchange currency in advance to avoid last-minute exchange rate fluctuations.

Investing in stocks, the biggest fear isn't market fluctuations but buying at a high price without realizing it. That's why investment advisors often mention "what is the current Price-to-Earnings (PE) ratio of this stock"—because the PE ratio is almost the most direct indicator of whether a stock is overvalued or undervalued. Today, we'll thoroughly analyze this seemingly complex but actually very practical tool.
What exactly does the PE ratio measure?
First, it's important to understand a core concept: the PE ratio (also known as PER or Price-to-Earning Ratio) simply indicates how many years it would take for this stock to recoup your investment.
Here's a straightforward example. TSMC's current PE ratio is around 13, which means: if you buy TSMC stock now, based on the company's current profitability, it would take 13 years to earn back your initial investment. In other words, the company needs 13 years to generate enough profit to match its current market value.
This is also why stocks with high PE ratios are generally considered

By 2025, the NT dollar to Japanese Yen exchange rate has reached 4.85, reigniting travel enthusiasm in Japan. Many are starting to plan how to exchange Yen at the lowest cost. But do you know? Choosing the wrong exchange channel could cost you an extra NT$1,500 to NT$2,000. This article explains the key points of Yen exchange, from spot rates to foreign currency ATMs, helping you accurately grasp every penny of exchange margin.
Why is now a good time to exchange Yen?
The Yen plays an important role in the global financial market, far beyond tourism purposes. From the beginning of the year at 4.46 to the current 4.85, the NT dollar has appreciated about 8.7% against the Yen. This increase is quite significant for small investors.
The investment value of Yen should not be underestimated. As one of the three major safe-haven currencies (along with USD and Swiss Franc), the Yen often becomes a safe harbor for capital inflows during market turbulence. During the Russia-Ukraine conflict in 2022, the Yen appreciated 8% in a single week.

After-hours trading in the US stock market provides trading opportunities outside of regular trading hours, primarily led by institutional investors. While offering advantages such as time flexibility and early positioning, it also faces risks like quote discrepancies, large price fluctuations, and insufficient liquidity. Investors should carefully assess the risks and profit potential and make rational decisions.

Update: The United States switched to Standard Time at 2:00 AM on November 2, 2025. The regular trading hours have been adjusted to 22:30 to 5:00 the next day, Taiwan time.
1. Understanding U.S. Stock Market Trading Rules and U.S. Stock Market Hours
The U.S. stock market consists of several independently operated securities exchanges, with the most representative being the New York Stock Exchange, NASDAQ, and the American Stock Exchange. Although each exchange operates independently and opening and closing prices may vary slightly, in most cases, their trading hours are synchronized.
U.S. Stock Trading Hours Structure
Trading Session | Eastern Time (ET) | Description
---|---|---
Pre-market Trading | Monday to Friday 04:00-09:30 | Trading window for institutions and active traders
Regular Trading | Monday to Friday 09:30-16:00 | Full trading session

Price-to-Book Ratio is an important indicator for evaluating stock value, but blindly relying on it may lead to stock selection traps. Investors should use the price-to-book ratio for industry comparisons and combine it with other indicators such as earnings per share to comprehensively consider the company's profitability and growth prospects, in order to avoid misconceptions and make wise investment decisions.

Electronic trading extends beyond regular trading hours, allowing investors to continue trading outside normal US stock market hours. While electronic trading offers flexible trading opportunities, it also carries risks such as high volatility, insufficient liquidity, trading restrictions, and institutional advantages. Investors should fully understand how electronic trading works and the associated risks, avoid overtrading, and prioritize rational investing.

By December 2025, the Taiwan dollar has fallen to 4.85 against the Japanese yen, and more people are exchanging for yen. But do you know? Exchanging 50,000 Taiwan dollars through different channels can save you up to 1,500 to 2,000 NT dollars. The issue isn't whether to exchange or not, but how to exchange in a cost-effective way.
Why exchange yen now? Three key reasons
Reason 1: Rigid demand for travel and shopping
Japanese stores have a deep-rooted cash culture, with only 60% of transactions made via credit card. Shopping in Tokyo, skiing in Hokkaido, or vacationing in Okinawa still mostly requires cash. Besides, Japan purchasing agents, online auctions, and even plans for studying abroad and working part-time all require yen.
Reason 2: Yen is one of the three global safe-haven currencies
The US dollar, Swiss franc, and Japanese yen are the three major safe-haven currencies. Japan's economy is stable, and the government has low debt. When the market is turbulent, funds flow into the yen. During the Russia-Ukraine conflict in 2022, the yen appreciated 8% in a single week, while the stock market fell 10%—exchanging for yen is like replacing Taiwanese stocks.

What is the New Zealand Dollar
The New Zealand Dollar (currency code: NZD), officially known as the New Zealand dollar. Since 1985, New Zealand has adopted a floating exchange rate system, with the Reserve Bank ceasing to publish official buy and sell rates and ending the peg to a trade-weighted currency basket. As one of the most traded currencies in the world, the NZD/USD ranks ninth in global foreign exchange trading volume. Its quotation is expressed as a certain amount of US dollars per one New Zealand dollar. For example, if the currency pair is quoted at 1.50, it means 1.5 US dollars are needed to buy 1 New Zealand dollar.
Common Ways to Invest in the New Zealand Dollar
Those interested in investing in the New Zealand dollar can choose from various channels, each with its advantages and disadvantages.
Bank fixed deposits in NZD are the most traditional method. As a legitimate international currency, the New Zealand dollar can be exchanged directly at local banks. Investors convert their local currency into NZD at the current exchange rate and then transfer it into a fixed deposit account. Upon maturity, they exchange back to their original currency at the prevailing exchange rate and receive the proceeds.

Why Do High-Dividend Stocks Attract Investors
As long as a company can consistently pay dividends, it usually indicates that its business model has stood the test of time and its cash flow is relatively healthy. This is why many established listed companies consider dividends an important part of their tradition. In recent years, more and more people have made high-dividend stocks a core asset in their investment portfolios. Even the "Stock Mogul" Warren Buffett is deeply fascinated by these stocks, with more than half of his assets allocated to high-dividend stocks.
However, for beginners, there are often questions about the ex-dividend date: Will buying on the ex-dividend date result in a loss? Will the stock price definitely drop? When is the best time to enter the market?
Is it really inevitable that stock prices will fall on the ex-dividend date?
In theory, on the ex-dividend date, since shareholders have already received the dividend, the corresponding stock value should decrease, and the stock price should adjust downward. But looking at historical trends, you'll find that stock prices do not always fall on the ex-dividend date.

The Logic Behind the US Dollar Index
Many investors often see news mentioning "the dollar strengthening" or "the dollar depreciating," but they often do not understand what these fluctuations represent. In fact, the US Dollar Index (USDX or DXY) is not simply an exchange rate concept, but a composite indicator that measures the relative strength of the dollar.
Simply put, the US Dollar Index is like a stock market index tracking a basket of stocks, but instead of tracking corporate performance, it tracks the exchange rate performance of the dollar against six major international currencies. These six currencies are:
- Euro (EUR): 57.6%
- Japanese Yen (JPY): 13.6%
- British Pound (GBP): 11.9%
- Canadian Dollar (CAD): 9.1%
- Swedish Krona (SEK): 4.2%
- Swiss Franc (CHF): 3.6%
In other words, the US Dollar Index reflects

Golden cross is a technical pattern where the short-term moving average crosses above the long-term moving average, often regarded as a buy signal. Its effectiveness depends on the market environment; it has a higher accuracy during strong upward trends, while it frequently results in losses during consolidation periods. As a lagging indicator, its reliability is also limited, so it should be combined with other technical tools such as RSI for composite application, and strict risk management strategies should be implemented to improve trading success rates.

Every year, countless investors fall into the same trap—Ponzi schemes. From the infamous Madoff incident to today's PlusToken crypto scam, such financial frauds are endless, but the underlying tactics remain the same. Investors are often lured by the bait of "low risk, high return," only to end up losing everything. Today, we will delve into the essence of Ponzi schemes, how to identify them, and ways to protect yourself.
What exactly is a Ponzi scheme? A dark history of a century-old scam
The name "Ponzi scheme" comes from an Italian scammer named Charles Ponzi. In 1919, Ponzi claimed he could earn high profits by purchasing European postal reply coupons and reselling them in the United States. He designed an enticing investment plan. In less than a year, about 40,000 Boston residents were attracted to participate, most of whom were ordinary people with little financial knowledge, each investing hundreds of dollars.
Ponzi's scam was very simple: it was not based on