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The precious metals market has recently experienced changes, with silver and platinum prices rising rapidly. Silver broke through $45/oz, and platinum surpassed $1550/oz, replacing gold as the market focus. This wave of gains is driven by undervaluation corrections and supply tightness. It is expected that silver and platinum will continue to rise in the future, and institutions remain optimistic about their prospects.

By early December 2025, the exchange rate of the New Taiwan Dollar (NTD) against the Japanese Yen (JPY) is around 4.85. Compared to 4.46 at the beginning of the year, the Yen has appreciated nearly 8.7% within the year. Whether you are planning a trip to Japan next year or looking to hedge against the depreciation pressure on the NTD, choosing the right timing and channels for currency exchange can really save you the cost of a cup of bubble tea. But honestly, the cost differences among four methods—bank counter transactions, online transfers, ATM withdrawals, and pre-arranged currency exchange—can reach over NT$1,000. For the same NT$50,000, some pay an extra NT$2,000 in fees, while others only spend NT$300. Let's break down the most practical currency exchange options currently available.
Why Now Is a Good Time to Watch the Yen
In Taiwan, when it comes to exchanging foreign currencies, the Yen always ranks first. Besides travel and shopping (Tokyo, Osaka, Hokkaido), Japanese purchasing agents and online shopping are also part of many people's daily needs. Credit card penetration in Japan is only about 60%, so cash transactions remain mainstream. But more importantly,

In trading markets, the most feared term among investors is probably "liquidation." It means that your account is wiped out in an instant, or even incurs debt. Many people think that liquidation only happens in the futures market, but they don't realize that cryptocurrencies, forex, and margin stocks can all trigger this trap. How exactly does liquidation occur? Which trading habits are most likely to hit the landmine? This article will help you understand the ultimate risk in the trading market.
What exactly is liquidation? Why does forced closure happen?
Liquidation, simply put, is when your account equity falls below the minimum margin threshold set by the trading platform, and the system automatically closes all your positions forcibly. In other words, if the market moves against your position and your account losses reach a point where the margin cannot be replenished, the platform will automatically cut your positions, leaving no chance for a comeback.
The core reasons leading to liquidation are two:
First, the trading direction is completely opposite—you buy when the market rises but then...

The pharmaceutical and biotech industry is becoming a hot spot for global investors. As the world's population ages rapidly, new drug development continues to emerge, and telemedicine applications expand, this industry demonstrates strong growth momentum. Unlike traditional industries that fluctuate with economic cycles, healthcare demand has a rigid characteristic—people need medical treatment regardless of the economy. This makes biotech and healthcare stocks a relatively resilient investment choice against economic fluctuations.
However, not all pharmaceutical markets worldwide are worth attention. Currently, the global development focus of the pharmaceutical industry remains on the U.S. market, which has the most comprehensive regulatory system, abundant R&D capital, and top industry talent. This determines that investors should focus on U.S. biotech and healthcare stocks.
Core Advantages of the U.S. Biotech and Healthcare Market
The U.S. biopharmaceutical market is the largest in the world. Data shows that this market is expected to reach $445 billion by 2027, with a compound annual growth rate of 8.5%.

Short-term trading, commonly known as day trading, refers to a trading approach with a holding period ranging from a few days to several weeks. This type of trading features high risk and high reward, where a single position may be closed within minutes or held for several days. The success or failure of short-term traders depends on their ability to accurately capture buy and sell opportunities and how well they can protect their capital in volatile markets.
The essence of short-term trading and the trading environment
A highly speculative trading method
Short-term trading is unrelated to the fundamental quality of a company; the focus is on following capital hotspots and capturing short-term price fluctuations to profit from the spread. Often, the assets traded are highly volatile but not necessarily of high quality, because short-term trading seeks to profit from time differences rather than corporate growth. Unlike long-term investing, short-term traders profit from market sentiment and liquidity opportunities.
Win rate determines profit and loss
Compared to traditional investing, which emphasizes fundamentals, short-term trading places greater emphasis on the probability of winning trades. This is also why many capital

Why Silver Outperforms Gold? The Market's Perception vs. Reality
Many investors are accustomed to buying gold, believing it is more valuable and offers more stable returns. However, this perception is being challenged by market realities. Although silver is cheaper per ounce, it possesses growth potential that gold cannot match.
Industrial Use Determines Long-Term Value
Silver is not just a safe-haven asset; it is also an essential component of the technology era. Solar panels, electric vehicles, semiconductors, 5G infrastructure, AI data centers—these future industries all heavily rely on silver. According to market data, as the green energy transition accelerates by 2025, silver demand is expected to grow at over 20% annually, transforming silver from a traditional precious metal into an industrial necessity. In contrast, gold mainly remains in safe-haven and decorative uses, with limited growth potential.
Low Price Base Creates Leverage Effect
The price ratio between gold and silver fluctuates approximately between 30 and 120 times. A lower price means that with the same amount of capital, you can buy more silver, leading to greater potential for price appreciation.

The Japanese Yen Plummets to the Spotlight as Government Signals Intervention
Last week, the foreign exchange market was volatile, with the USD/JPY rising by 1.28%, and the Yen experiencing a significant depreciation against the US dollar. This wave of depreciation was driven by the Bank of Japan's "moderate rate hike" policy—despite raising interest rates by 25 basis points as scheduled, Governor Ueda Kazuo's dovish tone caught the market off guard. Meanwhile, Prime Minister Sanae Nagaoka's cabinet approved a fiscal stimulus package of 18.3 trillion yen, which largely offset the tightening effects of the rate hike policy.
JPMorgan has issued a warning that if the Yen depreciates more than 160 in the short term, it will be deemed a sharp exchange rate fluctuation, significantly increasing the likelihood of Japanese government intervention. Nomura Securities, on the other hand, holds a more optimistic view, believing that in the context of the Federal Reserve's rate cut cycle, the US dollar will gradually weaken, and the Yen's depreciation trend will not continue. It is expected that the Yen may appreciate to 155 in the first quarter of 2026.
Central Bank Policy Divergence Market

The U.S. Non-Farm Payroll (NFP) report significantly impacts all asset markets, causing volatility in cryptocurrencies, gold, and stocks. NFP affects market sentiment and central bank decisions, with strong data boosting the dollar and weak data spurring risk appetite. Monitoring the dollar index, Bitcoin, and gold can help traders navigate this volatility. Ultimately, analyzing NFP data is crucial for successful investment strategies.

RSI indicator settings are the key to successful trading
Many traders only think of RSI (Relative Strength Index) as "over 70 is overbought, below 30 is oversold," but they overlook the most crucial part—the correct setting of RSI parameters. In fact, changing a single number can completely alter the indicator's responsiveness and accuracy, which is why some people profit from RSI while others frequently fall for false signals.
What is RSI? The core logic explained in one sentence
The essence of RSI is simple: it uses a value from 0 to 100 to measure the relative strength of upward and downward momentum in the market over a certain period. A value closer to 100 indicates bullish momentum dominates, while a value closer to 0 indicates bearish momentum prevails.
When RSI > 70, the market tends to be overly optimistic, posing risks of a phase top and pullback—this is overbought; when RSI < 30, the market is overly

Full settlement stocks are a unique stock trading system in Taiwan, where investors are required to pay the full purchase amount due to company operational difficulties. These stocks carry high risk, high volatility, poor liquidity, and no interest distribution, but may revert to normal trading after the company improves its operations. Before investing, assess your risk tolerance and familiarize yourself with the inquiry and trading processes.

By the end of 2025, the Taiwanese dollar has fallen to 4.85 against the Japanese yen. The travel season in Japan is gearing up, and many are starting to plan currency exchange. But did you know? Simply choosing different exchange channels can result in exchange rate spreads and fees that might reduce your budget by the cost of a smartphone.
Today, we analyze the most commonly used Japanese yen exchange methods in Taiwan, comparing actual rates to help you find the most cost-effective route.
Why is it especially important to pay attention to the Japanese yen now?
When it comes to foreign currency investment, the yen is the top choice for Taiwanese people, for two main reasons.
The most direct is in daily life — traveling in Japan, purchasing goods on behalf of others, or studying abroad long-term all require yen. Especially since Japan is still a cash-based society, with only 60% credit card penetration, cash is almost essential for shopping in Tokyo or sightseeing in Hokkaido.
On a deeper financial level, the yen is recognized globally as a safe-haven asset, alongside the US dollar and Swiss franc, making it one of the three major safe-haven currencies. Over the past three years, market movements have been...

Your understanding of silver may already be outdated.
For years, the market has regarded silver as the younger brother of gold, with more volatile prices, but fundamentally still following gold. This view no longer holds up in 2025.
In 2025, silver surged over 140%, outperforming gold significantly. This is not just a matter of following the trend; a structural change in silver's movement is occurring.
Many people ask: Why did silver suddenly soar? Will it continue in 2026?
Instead of simply asking about price trends, it's better to understand a more fundamental question: Is the market currently treating silver as a safe-haven asset or as an industrial raw material? This positioning determines whether it can establish a trend.
Why most silver analyses miss the point
The discussions about silver online often fall into two traps.
First: Whenever mention is made of interest rate cuts, inflation, or a weakening dollar, people automatically associate these with silver rising. The problem is, these analyses never

In March 2021, a shocking event occurred on Wall Street. Hedge fund manager Bill Hwang lost 20 billion USD in just two days, becoming one of the fastest losers in modern history. His story is essentially a live broadcast of a margin call meltdown.
What is a margin call? Why does it happen?
Simply put, a margin call is a liquidation. It occurs when you buy stocks on leverage, and the stock price drops to a certain level, prompting the broker to forcibly sell your stocks.
How does margin work?
Imagine you are bullish on a stock, but have limited funds. At this point, you can get financing from your broker—that is, you put in a part of the money yourself, and the broker loans you the remaining amount to buy the stock.
For example: When Apple stock is at 100 yuan, you have 40 yuan, and the broker loans you 60 yuan to buy one share. If the stock rises to 110 yuan, you sell it, pay back the broker 60 yuan plus interest, and the remaining is profit. It seems simple,

Preface
"To do a good job, one must first sharpen its tools." Choosing the right trading tools is the first step in investing. Whether you are a beginner in US stocks or a seasoned trader in Taiwan stocks, finding an app that suits you can greatly improve trading efficiency. This article features 10 practical and well-regarded stock monitoring apps, covering real-time quotes, technical analysis, trade execution, and more, helping you quickly identify the most suitable toolset.
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I. Recommended Real-Time Market Tools for US Stocks
As a global financial hub, the US stock market attracts more and more Taiwanese investors. The following five tools each have their own features to meet different investment styles.
Integrated Stock Monitoring + Trading Solution
Mitrade
This is a contract for difference (CFD) trading platform, with app store ratings of 4.4/5 on Google and 4.5/5 on Apple. The platform covers over 500 financial instruments, including more than 400 US stocks.

After-hours electronic trading extended the trading hours of the US stock market, providing flexibility and market opportunities, but also hiding risks such as insufficient liquidity, institutional advantages, and price volatility. Investors should participate rationally, fully understand the trading rules and their own risk tolerance, and avoid blind trading.

The ethereum market is at a critical juncture as bears and bulls clash around the 3970 resistance level. With ETH trading near $2.93K, institutional players have strategically positioned themselves at the 4000 mark, creating a decisive moment for the broader trend direction.
The Real Defensive

Yen is worth exchanging for, not just for travel
Many people think of the yen as "pocket money for going abroad." In reality, the value of the yen far exceeds travel needs.
In everyday life in Japan, department stores in Tokyo, shopping districts in Osaka, and ski resorts in Hokkaido mostly still only accept cash, with credit card penetration at only 60%. Those who love Japanese cosmetics and anime merchandise for purchasing on behalf of others also need to prepare Japanese banknotes to place orders directly on Japanese websites. But the real

Two Methods of Dividend Distribution
After investors purchase shares of a listed company and become shareholders, when the company operates profitably, repays debts, and covers losses, it will distribute a portion of the profits to shareholders. This is called dividend distribution (dividends). There are two completely different options for dividend distribution.
The first is stock dividends, where the listed company distributes newly issued shares to shareholders free of charge, directly increasing the number of shares held by investors. This is also known as stock dividends or bonus shares. The second is cash dividends, where the company directly transfers cash into the investor's account, also called cash dividends or payouts.
The company's choice of method depends on its actual financial situation. Paying cash dividends requires the company to be sufficiently profitable and have ample cash flow, and the dividend payout should not affect normal operations. Stock dividends have a lower threshold; even if cash is tight, they can be implemented, but they will dilute the existing shareholders' equity proportion.
Complete Process and Timeline of Dividend Distribution
Distribution Cycle and Disclosure Timing
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