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Although forex trading has made its mark around the world, it’s astounding to see just how quickly the forex market has taken off in China over the last few years.
Forex offers an alternative for Chinese investors who are looking to diversify their portfolios and reduce their exposure to the overinflated local stock markets. There are also significant concerns about the long-term value of the yuan, as China may consider devaluing its currency to remain competitive in European markets as the US dollar soars – forex trading may offer the opportunity to hedge against this risk.
This week it has been difficult to avoid news about the Chinese stock market crash. On Monday the Shanghai Composite Index fell by more than 8% and over the last three months it’s down by more than 30%.
However, is this really all that surprising? I don’t think it is.
We’ve all heard the phrase “markets were extremely volatile today” or similar. But what does volatility actually mean when it’s related to the financial markets?
Volatility is the amount a price can change over a given time period with no regard for direction.
Just before the dawn of 2015, Bullbearings gathered together eight trading experts (plus me) to select some stock tips and top trades for 2015. This is a half-time report, with a top-10 leadboard (someone had two tips) and each tipster giving an update on their chosen recommendation (apart from one who's gone AWOL).
Safe to say, I'm propping up the table and making the rest of them look good - but as I said at the time, picking one share to buy is a notoriously difficult thing to do - especially if you take a speculative punt on a small cap. It's been an unusual year and there's still five months to go...
Thu, 1st Jan - * (ShareCast News) - Standard Life delivered a better dividend than was expected but this was not enough to impress investors as several one-off charges took the sheen off half-year results from the life company turned asset manager.