2018年9月27日星期四

Through ETF invest China's stock market

Search ETF track the "FTSE China A50" index.


And the investor can invest China's stock market from the ETF.


More about "FTSE China A50" index, please browse " FTSE Russell" website.

1.1.5 Some concepts

The following article will explain some common concepts, such as:


  • Stock market index;
  • Secondary markets;
  • Funds
  • Exchange-traded fund
  • Repurchase agreement
  • Future

More articles, please see "English version index".

1.1.5 其他概念

接下来的文章会对一些常见概念的加以阐述,例如

指数
二级市场
基金
场内交易基金
国债逆回购
期货

更多文章,请浏览“中文版目录

2018年9月24日星期一

1.1.4.2 Two methods of fundamental analysis

The methods that traders often use when conducting fundamental analysis are:

  • From macro to micro analysis
  • From micro to macro analysis

Starting from a macro perspective, it will generally start with an analysis of the global economic situation, including global economic policies, monetary policy, population development, GDP, production efficiency, etc., as shown in the following figure.


With the deepening of the analysis, the focus of the analysis is gradually placed in a certain region or an industry, and finally gradually pushed to the specific enterprises that focus on research. Throughout the analysis, the analysis focused on the region or the specific enterprise's global competition. These analyses include comparisons of sales, prices, R&D, and more.

The analysis method from the microscopic point of view is to adopt the opposite analysis method as above.

Relative to the way of technical analysis, the fundamental analysis of the trader's requirements is:

  • Use longer time
  • Require a more comprehensive knowledge system

It is difficult for independent traders to complete fundamental analysis, and thus the use of fundamental analysis to conduct transactions requires more people to collaborate on the analysis. With the widespread use of computers and the Internet, many basic analytical tasks have begun to be processed using mathematical models, greatly reducing the labor costs of analysis.

[Thinking] When a trader refers to an analysis report, how to judge the reliability of the basic data and the rationality of the conclusion?

More articles, please see "English version index"

2018年9月23日星期日

1.1.4.2 基本面分析的两种方法

交易者在进行基本面分析时,经常采用的方法是:

  • 从宏观到微观的分析方法
  • 从微观到宏观的分析方法

从宏观的角度为出发点,一般会先从全球的经济形势开始分析,其中包括了全球的经济政策、货币政策、人口发展、GDP、生产效率等等情况,如下图所示



随着分析的深入,逐渐将分析的重点放到某个区域或者某个行业,最后逐步推到重点研究的具体企业。在整个分析过程中,其分析重点在于该区域或具体的企业在整个全球竞争所处的情况。这些分析中包含了销售、价格、研发、等等情况的对比。

而从微观角度为出发点的分析方式,则是采用了同上述相反的分析方式。

相对于技术分析的方式,基本面分析对交易者的要求是:


  • 使用更长的时间
  • 要求知识系统更为全面
独立的交易者很难完成基本面分析,由此对使用基本面分析进行交易这一行为,要求有更多的人协同完成分析。随着计算机和互联网的普遍使用,很多基本分析的任务已经开始使用数学模型进行处理,从而大大降低分析的人工成本。

【思考】交易者在参考分析报告时,如何判断分析报告基础数据的可靠性?

更多文章,请浏览“中文版目录

4.0 Observing Object Conversion - Observing Self (1)

As of now, the articles focus on the things outside the trader's own: concepts, propositions, strategies, and so on. These contents are ...