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Why must investors master financial reports?
For many investors new to the US stock market, financial reports are like a company's "report card." But this report card is not only complex in content, it also hides key information far beyond the surface. Compared to various news platforms and analysis reports, financial reports are the most authentic, comprehensive, and least deceptive primary data.
Many news media only report the highlights that companies want to showcase (usually the attractive Non-GAAP adjusted figures), while ignoring the risks that companies prefer not to disclose. Under the regulatory framework of the US SEC, listed companies are required to disclose both GAAP standard data and Non-GAAP data, as well as all potential risks. Therefore, taking the time to read financial reports is a direct dialogue with the company's true operational status.
What exactly are financial reports? An essential corporate financial document
Financial reports are essentially periodic disclosures by listed companies to the U.S. Securities and Exchange Commission (SEC).

With the rapid development of digitalization and AI technology, information security has become an indispensable requirement for enterprises. The cybersecurity market is expected to continue growing, and AI cybersecurity concept stocks have become a hot investment focus. Choosing market leaders like Cisco, Fortinet, and CrowdStrike will help seize industry opportunities, as they possess technological advantages and stable fundamentals.

In the current wave of foreign currency investments, the Hong Kong dollar and Japanese yen are two major mainstream choices. But did you know? Choosing the wrong exchange method can cost you hundreds of dollars just in exchange rate differences. Today, let's break down the most cost-effective exchange options for these two currencies.
Hong Kong dollar vs Japanese yen: Why exchange at all?
Many people think foreign currencies are only used for travel, but in fact, from daily life to asset allocation, the Hong Kong dollar and Japanese yen each have their own advantages.
Three major values of the Japanese yen
First is travel demand. Japan's cash culture is deeply rooted, especially in local cities, where many merchants only accept cash. Second is investment attributes—the yen is one of the world's three safe-haven currencies (alongside the US dollar and Swiss franc). When the stock market is volatile and geopolitical risks increase, funds flood into the yen seeking refuge. Lastly is the interest rate advantage—although Japan maintains an ultra-low interest rate policy (around 0.5%), the interest rate differential with the Taiwan dollar remains attractive, making it especially suitable for yen fixed deposits or arbitrage trading.
The Hong Kong dollar's hidden

Why Options Are an Essential Tool for Investors
Many people understand the basic logic of stock investing—buy low, sell high to make a profit. But the market is never that simple. When stock prices fall and volatility increases, traditional stock buying methods can become overwhelmed. Options (also known as derivatives) are financial instruments that emerged precisely in such situations.
Options are classified as derivatives, giving the holder the right—note, not the obligation—to buy or sell an asset at a predetermined price within a specific timeframe. The asset can be stocks, currencies, indices, commodities, or even futures contracts themselves. Compared to other derivatives, options are remarkably flexible in responding to different market scenarios. Whether facing a bull market, bear market, or sideways consolidation, suitable trading strategies can be found. For this reason, options can be used both as speculative tools to amplify returns and as hedging instruments to protect assets.
Why are options worth learning

Candlestick charts (K-line charts) are the most fundamental and important tools in technical analysis. For anyone serious about trading, learning to read K-lines is not only an essential skill but also a prerequisite for making correct decisions. This article will guide you from zero to systematically master the core elements, analysis methods, and practical skills of K-line charts.
Understanding K-lines: Components of Candlestick Charts
Definition of K-line
A K-line, also known as a candlestick or candle chart, condenses four key price points within a specific period (which can be an hour, a day, a week, etc.)—opening price, closing price, highest price, and lowest price—into a visual graphic. Through different colors and shapes, K-lines intuitively reflect the price trend and market sentiment during that period.
Basic Components of K-lines
A complete K-line consists of the following parts:
K-line body: This is the thickest rectangular part of the K-line, representing the price range between the opening and closing prices.

Traders need to be familiar with currency symbols to improve the efficiency and accuracy of forex trading. This article lists the major global currency symbols and their shortcuts, and points out that misusing symbols can lead to confusion. Mastering this basic knowledge is one of the keys to successful trading.

Recently, the Japanese Yen exchange rate has been fluctuating frequently. The NT$ to JPY rate has reached 4.85, prompting many to consider: is it time to exchange for Yen? If you want to convert 500 USD to NT$ and then to Yen, how should you choose?
In fact, exchanging Yen is far more than just for traveling abroad; it’s also about understanding the underlying investment logic and cost structure. We break down the four most mainstream Yen exchange methods in Taiwan to help you spend less on unnecessary fees and earn more from exchange gains.
Why exchange for Yen? Analyzing from three perspectives
Travel and Living Expenses
Shopping in Tokyo, Osaka, skiing in Hokkaido, or vacationing in Okinawa—cash transactions in Japan are still mainstream (credit card penetration is only 60%). When purchasing Japanese cosmetics, clothing, or anime merchandise, direct Yen payments are required. For those planning to study or work in Japan, exchanging currency in advance can lock in the exchange rate and avoid fluctuations that could increase expenses.
Hedging Asset Allocation
The Japanese Yen is one of the three major safe-haven currencies in the world (

By the end of 2024, the Federal Reserve will begin a rate-cutting cycle, and this show is just getting started. Many investors' instinctive reaction is "rate cuts = dollar depreciation," but the truth is far more complex.
Rate cuts do not necessarily mean the dollar will depreciate immediately
First, it's important to dispel a misconception: dollar depreciation is not an inevitable result of rate cuts.
The logic behind rate cuts is indeed straightforward—lower interest rates reduce the attractiveness of the dollar, capital flows into higher-yield assets, and demand for the dollar decreases. However, the market won't be naive enough to wait for the central bank to officially announce rate cuts before reacting. In reality, the entire foreign exchange market is highly efficient, and investors have already positioned themselves based on "expectations."
According to the Federal Reserve dot plot, the goal is to bring the dollar interest rate down to around 3% by 2026. But the key issue is: other countries are also cutting rates. The true determinant of dollar depreciation is not how fast the US alone cuts rates, but who cuts faster and whose exchange rate policies are more aggressive.
Here's a simple example—if the European Central

In the Taiwan stock market, odd-lot trading has become an important channel for small investors to enter the market. Unlike traditional whole-lot trading (minimum unit of 1000 shares), odd-lot trading allows investors to buy their desired stocks with lower capital thresholds and more flexible asset allocation. However, to truly make money, you must master three core elements: trading hours, fee structure, and practical buying and selling skills.
Definition and Generation Logic of Odd Lots
Odd lots refer to scattered stocks of fewer than 1000 shares, with a minimum trading unit of 1 share. They are usually generated in the following situations: when an investor's order cannot be fully executed (due to rapid stock price fluctuations or insufficient trading volume); or during the company's stock issuance and dividend distribution process, where fractional shares are created because they cannot be evenly divided. Understanding the sources of odd lots helps you better anticipate liquidity risks in subsequent trades.
Trading Time Rules: During Market Hours vs After Hours, Success Rates Vary Significantly
Since October 2020

Why should you pay attention to the USD/JPY exchange rate now?
The dual effect of NT$ depreciation + JPY appreciation
On December 10, 2025, the JPY/NT$ exchange rate reached a critical level of 4.85. This is not just a number; it represents a market opportunity that Taiwanese investors and travelers must grasp.
Compared to 4.46 at the beginning of the year, the yen has appreciated by a total of 8.7%, driven by two main factors:
1. Bank of Japan policy shift: Governor Ueda's latest hawkish stance has increased the rate hike expectation to 80%, with a meeting on December 19 expected to raise interest rates by 0.25 basis points to 0.75% (a 30-year high). Japanese bond yields have already hit a 17-year high of 1.93%.
2. NT$ facing depreciation pressure: Amid global trade uncertainties, the New Taiwan dollar has weakened relative to other currencies, significantly increasing the attractiveness of exchanging to yen.
Is it now a good time to exchange for yen? The answer is: yes, but with strategy.
According to market data, Taiwan's exchange demand in the second half of the year

As geopolitical risks and inflation pressures intensify, gold investment has once again attracted attention. In addition to physical gold, new channels such as gold funds, ETFs, futures, and CFDs are becoming increasingly popular. Investors should choose the appropriate method based on their goals, pay attention to entry timing and risk control, and understand market cycle changes to profit.

Stock disposal is a regulatory measure by the Taiwan Stock Exchange to address abnormal trading phenomena, divided into three stages: Attention Stocks, Warning Stocks, and Disposed Stocks. Stocks after disposal can still be traded but are restricted, with two levels of disposal affecting liquidity. The future appreciation of disposed stocks depends on the company's fundamentals and market environment. Long-term investors should carefully consider the company's condition and risk appetite.

Understanding the Three Main Types of Gold ETFs
Gold ETFs, as exchange-listed funds, use gold as the underlying asset and track gold price movements. Based on different operational mechanisms, gold ETFs can be divided into three categories:
Physical Gold ETF Directly holds physical gold and entrusts professional institutions for safekeeping. Investors indirectly own the corresponding gold assets based on their shares, with a typical example being GLD.
Derivative Gold ETF Trades using gold futures contracts, contracts for difference, and other instruments, offering leverage options suitable for advanced investors.
Gold Mining Stock ETF Tracks an index of gold mining companies, holding a basket of mining company stocks, such as VanEck Gold Miners ETF, which tends to be more volatile.
Core Advantages of Choosing Gold ETFs
Highly Convenient Trading Gold ETFs are traded on stock exchanges, with buying and selling processes similar to stocks. Investors can quickly place orders through online platforms, enter and exit the market at any time, and do not need

Since entering 2025, the gold market has remained hot, but a question has been troubling many investors: why did gold prices pull back after breaking through the historic high of $4,400? When will gold fall? To answer this question, we first need to understand the core logic driving gold's rise and fall.
Why has gold recently surged significantly? Analysis of the three main drivers
Driver 1: Rising policy uncertainty
A series of tariff policies introduced after Trump took office directly triggered a wave of gold price increases in 2025. Consecutive trade policy adjustments led to a noticeable rise in market risk aversion sentiment, pushing up gold prices. Historical experience (such as the US-China trade war in 2018) shows that during periods of policy uncertainty, gold prices typically experience short-term gains of 5-10%. When the market is full of variables, the attractiveness of gold as a safe-haven asset naturally increases.
Driver 2: Expectations of declining real interest rates
According to CME interest rate tools, the Federal Reserve in December

If the Russia-Ukraine conflict is resolved peacefully, the global oil market will face challenges. Goldman Sachs predicts a surplus of 2 million barrels per day by 2026, with oil prices remaining under pressure. Major oil-producing countries increasing supply, while demand fails to keep up, and a peace agreement could allow Russian oil to re-enter the market, further intensifying supply pressures. It is expected that Brent and WTI oil prices will drop to $56 and $52 respectively.

In financial trading, the choice of order type directly affects the transaction outcome. Market orders and limit orders are the two most common ways to place orders, but many traders still feel confused about their differences and application scenarios. This article will explain the core mechanisms and usage strategies of these two types of orders from a practical perspective.
The fundamental difference between market orders and limit orders
A market order is an order to execute immediately at the current real-time market price. Traders do not need to input a price manually; the system will automatically execute based on the current market quote. For example, in EUR/USD, if the current buy price is 1.12365, choosing a market buy order will execute at this price—however, due to the rapid fluctuations in the market, the final transaction price may differ from the quoted price seen.
A limit order gives traders control over the price. You can preset a target price, and the order will only be triggered when the market price reaches or exceeds that level. Limit orders are divided into two categories:

Investors in stocks are all waiting for one thing—dividends. After a listed company makes a profit, it usually returns a portion to shareholders, which is called dividend distribution. But there are two ways to distribute dividends: one is to give cash (cash dividends), and the other is to send stocks (stock dividends). How do you choose to make your wallet more full?
Stock dividends vs. cash dividends, how do companies choose?
Distributing stocks means the company gives you stocks for free, which are deposited into your account, increasing your shareholding. This is called stock dividends or bonus shares.
Distributing cash means directly transferring money into your account, also known as cash dividends or payout.
The choice between the two methods depends entirely on the company's current situation. Paying cash requires higher standards—profitable, sufficient cash on hand, and liquidity must remain stable after distribution. Stock dividends are more relaxed—if the company meets the distribution conditions, it can send stock even if it lacks cash.
Stock dividend distribution schedule
上市公

The global financial markets are brewing a major shift. As of today's market close, the precious metals sector collectively gained strength, with platinum breaking through the historic threshold of $1800 per ounce, reaching the highest level since 2008. Gold has risen for five consecutive trading days, currently at $4348 per ounce, up 1.13%, while silver surged over 3% to $63.71 per ounce.
UBS's analysis team pointed out that the market's expectation of a rate cut by the Federal Reserve in January is significantly underestimated. The upcoming non-farm payrolls data and CPI report will be key indicators this week. The rise in precious metals reflects investors' new expectations regarding monetary policy.
U.S. stock futures are steady, with tech stocks leading the rally, but robot concept stocks have collapsed.
The outlook for the U.S. stock market before opening is relatively optimistic. As of 5:02 a.m. Eastern Time, Dow futures rose 0.41%, S&P 500 futures and Nasdaq 100 futures are also...