After reading the previous article, investors should have some basic knowledge of the general financial market. Here we will bring investors some small matters that need to be paid attention to when entering the market, to help you achieve a handy effect when trading.

1. 1. Trading hours of various financial products

Although the foreign exchange market is open 24 hours a day and opportunities are everywhere, there is a closing time every weekend, and the closing time varies slightly depending on the broker. In addition, other financial products such as precious metals usually have a 1-hour closing time every day. Other CFD products such as individual stocks and stock indexes are mostly close to the local designated opening and closing times.

Generally speaking, the entire financial market is busiest during the overlapping opening hours of the London and New York markets. If investors want to seize the opportunity of increased volatility to trade, they can lock in this period. In addition, different commodities will also experience abnormal fluctuations during specific periods due to their different fundamental factors. For example, the EIA crude oil inventory report released by the U.S. Energy Information Administration every Wednesday often has a greater impact on oil prices. At this time, investors can seize the opportunity to gain profits.

However, the quality of data does not have an absolute impact on the market. As long as you enter the market, there is a certain risk. Even if the trading opportunities increase, whether you can make a profit still depends on the investor's own interpretation ability and operating experience.

 

2. 2. Winter and summer time conversion

Western countries have daylight saving time regulations, so they will set the time forward one hour in the summer, which is why there is a difference between winter and summer time. For the United States, daylight saving time starts on the second Sunday in March and ends on the first Sunday in November; for the United Kingdom and the Eurozone countries, it starts on the last Sunday in March and ends on the last Sunday in October.

The changeover from winter to summer, especially for some Asian regions, will change the release time of economic data and the holding time of major meetings, and the official opening and closing times will also be affected. Therefore, investors should pay attention to the changeover of time systems and adjust the trading time to avoid unnecessary losses.

3. 3. Accurately budget profits and losses

Before investing, investors should first understand the size of their investment capital and establish a trading strategy of appropriate size accordingly. In addition, investors should also pay attention to the margin trading system and details provided by different traders, which may also have some differences, such as lock-up terms, overnight interest, etc.

Investors who understand the details of the transaction before the operation can calculate the risk level in advance and make adjustments to their investment strategy. The next step is to observe the volatility and volatility time of different products before trading, and understand the value of each point of different products, so that the related profits and losses when the products fluctuate can be calculated and adjusted in accordance with the trading strategy.

Simply put, you should have a clear mind before entering the market . If not , it means that the transaction has not been " thought through " , which will easily affect the deployment after the transaction.