SmartContractPhobia

Introduction: Why Understand WACC?
When considering investing in a company's project, many investors often focus only on the expected returns. However, an equally important factor is the true value, which must be evaluated in comparison with the cost of capital used for the investment. The metric that helps in this assessment is called WACC.

The energy storage industry is entering a golden period amid the accelerated global energy transition, with multi-dimensional investment opportunities in battery manufacturing, system integration, grid integration, and material supply chains. Energy storage-related companies in the United States and Taiwan perform differently, with some facing policy risks and profitability challenges. It is expected that future energy storage demand will continue to rise, and investment potential is promising, but investors should pay attention to stock selection and risk management.

Why Silver Became the Hottest Commodity of 2025?
Since the beginning of 2025, silver prices have surged to $65 per ounce, reaching a decade-high, with an increase of over 120% so far this year. This performance far surpasses gold and most other commodities. But many are still asking: why silver and not gold?
The key lies in the combined effect of three major factors:
First, explosive growth in industrial demand. Silver is not just a safe-haven asset but also a critical industrial metal. From solar panels, electric vehicle batteries, semiconductors, 5G base stations to AI data centers, every sector is consuming large amounts of silver. As the green energy transition accelerates in 2025, the global use of silver in AI chip packaging has increased by approximately 20% compared to traditional chips, creating a rigid demand.
Second, ongoing tight supply. The silver market has experienced a supply deficit for the fifth consecutive year, with the cumulative shortfall exceeding 800 million ounces. Slow mine production and declining inventories continue to tighten the market, leading to a shortage in futures

Step 1: Understanding the True Scale of the Forex Market
Many novice traders ask—can you really make money in forex? The answer is yes, but the prerequisite is to first understand how large this market is.
The global forex market's daily trading volume exceeds $6 trillion, far surpassing the futures and stock markets. As the most liquid and largest financial market worldwide, the forex market attracts participants from all over the globe.
In the past, only financial institutions and large capital could access the forex market. However, with technological advancements and the rise of online trading platforms, ordinary investors can now participate. Today, over 30% of forex trading comes from retail traders, who operate through margin trading, Contracts for Difference (CFDs), and other derivatives, leading to an exponential increase in retail trader numbers.
However, it is important to note—according to multiple studies, up to 70%-90% of individual investors in forex trading have

Limit up and limit down are phenomena of extreme fluctuations in stock prices, referring respectively to the price levels that can no longer rise or fall. During limit up, buying becomes difficult, but selling can be executed quickly; the opposite is true for limit down. Global stock markets adopt different risk control measures. Beginners should analyze rationally and explore derivatives trading to cope with the restrictions brought by limit up or limit down.

When trading forex, do you often get confused by various currency symbols? $, €, ¥, £ — these seemingly simple symbols actually represent completely different currencies and exchange rates. Especially when you want to trade popular currency pairs like EUR/USD with the euro symbol (€), understanding these symbols becomes particularly important.
What is the purpose of currency symbols?
Don't underestimate these small symbols; they play a significant role in financial transactions. Currency symbols are visual mnemonics used to quickly identify and distinguish different national currencies. Seeing the € symbol, you immediately know it involves transactions in the Eurozone; seeing the ¥ symbol, you need to further confirm whether it refers to the Chinese Yuan (CNY) or the Japanese Yen (JPY).
In the forex market, correctly identifying currency symbols directly affects the accuracy of your trades. Investors need to quickly track the value fluctuations of different currencies through these symbols. For example, Euro/US Dollar (EUR

Latest Trading Session Adjustment Overview
The United States officially switched to Daylight Saving Time on March 9, 2025. The standard trading window has now been adjusted to 21:30 to 4:00 Beijing time the next day. Notably, NYSE Arca, the all-electronic exchange affiliated with the New York Stock Exchange, plans to significantly extend trading hours, reaching up to 22 hours of trading each business day. This change is pending approval from the relevant authorities.
Quick Reference Chart of U.S. Stock Market Trading Rules
The U.S. securities market consists of multiple independently operated exchanges, including the New York Stock Exchange, NASDAQ, and the American Stock Exchange. Although each operates independently, the operating hours of the major exchanges are generally synchronized.
Overview of U.S. Stock Trading Hours (All times are Eastern Time)
| Trading Category | Trading Date | Time Range |
|------------------|--------------|------------|

Pre-market trading in the US stock market provides investors with the opportunity to react to market information before the official opening, facilitating price discovery. However, caution is needed due to limited liquidity and the risk of sharp volatility. Effective strategies include closely following news developments and setting contrarian prices. Investors are also advised to control trading size and set stop-loss orders to reduce potential risks.

Recently, the copper mining sector has been very active. Freeport-McMoRan (FCX), a global leader, has surged nearly 30% in just a month and a half, and international copper prices have risen 17% over two months. Where does this wave of growth come from? Why are investors rushing into copper concept stocks? This article will provide an in-depth analysis of the investment logic and opportunities in the copper industry for 2024.
Why do copper prices rise and copper stocks soar? The underlying economics
Copper spans an entire industry chain from mining to final application. The upstream involves copper mining, the midstream includes smelting and processing, and the downstream covers manufacturing applications such as copper wires, cables, and copper foil.
The key point is: copper concept stocks mainly refer to upstream companies that control copper ore resources. Freeport-McMoRan (FCX) is the absolute leader in this field. Since the products of copper mining companies are copper ore and electrolytic copper, fluctuations in copper prices naturally have a direct impact on their performance.
The data comparison reveals the clue. Comparing copper mining E

The essay discusses the importance of understanding profit-taking and stop-loss strategies for cryptocurrency traders, especially beginners. It explains automated tools for managing trades effectively, emphasizing the need for flexible adjustments and continuous market monitoring to balance risks and profits.

Gasoline prices in the U.S. have dropped to $3.00 per gallon, the lowest in four years, influenced by seasonal factors and a decline in crude oil prices. Trump's policies reduced average prices but still fell short of his $2 target. Significant regional price differences exist, with California at $4.56 and Texas at $2.57.

On December 31, the international precious metals market declined, with gold, silver, platinum, and palladium prices all falling sharply, related to the CME's increase in margin requirements. This strategy aims to reduce leverage effects and cool market speculation. Although the sharp drop in silver raised concerns, analysts believe that the fundamentals still have support and recommend investors to patiently wait for the right opportunity to re-enter the market.

What is the first step to mastering technical analysis? Learn to interpret moving averages. This tool can help you quickly judge price trends, identify entry points, and is an essential weapon for short-term traders. This article will start from the core principles of moving averages, gradually breaking down the EMA indicator, calculation methods, practical settings, and common trading application techniques.
What is a moving average? A story about the average price
Simply put, the Moving Average (MA) is calculated by adding up the closing prices over a certain period and then dividing by the number of days to get an average. Over time, this average updates continuously, and connecting these points with a line forms the moving average we see.
The formula is straightforward: N-day moving average = sum of closing prices over the past N days ÷ N
For example, the 5-day moving average is the average closing price of the most recent 5 trading days. When this line moves upward, it usually indicates that the price is rising; when it moves downward, it indicates that the price

Dustin Moskovitz, who co-founded Asana nearly 17 years ago, has signaled a significant shift in the company's leadership structure. The visionary founder and current CEO has informed the board of his intention to transition to Chair when a successor assumes the CEO position. This move marks a

"Can you really make money with foreign currency margin trading?" — This is a question almost every beginner asks.
The answer is: yes, but the risks are high. The foreign exchange market is the largest financial market in the world, with a daily trading volume exceeding 6 trillion USD, far surpassing the combined total of stock and futures markets. Because of its enormous size, liquidity is extremely high, and opportunities do exist. However, statistics show that over 70-80% of retail investors lose money in forex trading. This is not meant to scare you, but a reality.
With the widespread use of the internet, the forex market, once only accessible to large institutions, now has retail traders accounting for over 30%. The rise of leveraged trading, contracts for difference (CFDs), and other derivatives has enabled ordinary people to gamble big with small amounts. But it is precisely this "gambling big with small" temptation that causes many to fall into a trap of losses.
If you are a beginner and want to truly understand how to trade foreign currency margins, this article will help clarify your thinking.
First step: Recognize the foreign

Since Q4 2024, spot gold prices have surged, approaching historical highs, mainly influenced by uncertainties in US tariff policies, changing expectations of Federal Reserve rate cuts, and increased holdings by global central banks. Despite short-term volatility, investment institutions remain optimistic about the long-term outlook for gold prices, recommending investors to flexibly allocate spot gold based on their own experience and risk tolerance.