Core Insights - The foreign exchange market is a large and highly liquid financial market that attracts numerous investors, making the understanding and application of suitable trading strategies crucial for success [1] Fundamental Analysis Strategy - Fundamental analysis focuses on macroeconomic data, political situations, and monetary policies to assess currency value and future trends. Key macroeconomic indicators include GDP growth rate, inflation rate, and unemployment rate, with strong GDP growth and low unemployment typically indicating a healthy economy that may lead to currency appreciation [2] - Monetary policy, including central bank interest rate decisions, is a critical factor, as higher interest rates often attract more capital inflow, boosting currency value. Political stability also significantly impacts exchange rates, with political turmoil potentially driving funds toward more stable currencies [2] Technical Analysis Strategy - Technical analysis relies on historical exchange rate and volume data, using various indicators and chart patterns to predict future price movements. It posits that market prices reflect all relevant information and that historical trends can indicate future price behavior [3] - Common technical indicators include moving averages, Relative Strength Index (RSI), and Bollinger Bands. Moving averages help identify market trends, while RSI indicates market overbought or oversold conditions. Bollinger Bands assist in determining market volatility [3] Trend Following Strategy - Trend following is a common strategy in forex trading, focusing on trading in the direction of established market trends, which can be upward, downward, or sideways. Traders buy currency pairs when an upward trend is confirmed and sell when a downward trend is established [4] - Methods for identifying trends include observing moving average crossovers, where a short-term moving average crossing above a long-term moving average signals a potential upward trend, and vice versa for downward trends [4] Arbitrage Trading Strategy - Arbitrage trading exploits interest rate differentials and exchange rate fluctuations by borrowing in low-interest currencies and investing in high-interest currencies to earn interest rate spreads. The theory of interest rate parity suggests that without arbitrage opportunities, the difference in interest rates should equal the forward exchange rate premium or discount [5] - However, real market conditions often disrupt this equilibrium, creating arbitrage opportunities, though exchange rate fluctuations can negate interest gains or lead to losses [5] Swing Trading Strategy - Swing trading aims to capture profits from short-term market fluctuations rather than pursuing long-term trends. Traders use technical analysis to identify support and resistance levels, buying near support and selling near resistance [6] - Support levels are price points where buying pressure halts a decline, while resistance levels are where selling pressure stops a rise. Swing trading requires close market monitoring and timely strategy adjustments [6] Financial Media Role - Financial media, such as Financial界, plays a vital role in providing comprehensive, accurate, and timely financial information and knowledge to investors, covering various financial markets and macroeconomic conditions [7]

Core Viewpoint - The article highlights the results of the 2024 Seventh New Wealth Best Investment Advisor Competition, showcasing the achievements of investment advisors and emphasizing the importance of professional skills in wealth management [2][5]. Group 1: Competition Overview - The competition involved 36,616 investment advisors from 96 securities companies, indicating a highly competitive environment [2]. - Li Xianghui, a senior investment advisor from Beijing Jinsong Nine District Securities Branch, achieved an impressive 9th place nationally among nearly 40,000 participants [2][5]. Group 2: Performance Metrics - The simulated ETF portfolio managed by Li Xianghui recorded a cumulative return of 32.93% from May 6, 2024, to October 31, 2024, ranking 65th out of 2,038 participants [7][8]. - The stock selection success rate for the portfolio was 80.43%, with a maximum drawdown of 11.80% and a turnover rate of 2742.11% [8]. Group 3: Investment Philosophy - The investment philosophy emphasizes a short-term, low-buying strategy while avoiding high chasing, focusing on technical analysis and market timing [12][13]. - The advisor combines Elliott Wave Theory and Chan Theory to create a comprehensive investment advisory system, focusing on the integration of volume, price, time, and space [14][15]. Group 4: Strategy and Analysis - The competition strategies included fundamental analysis of macroeconomic factors and technical analysis for timing trades, highlighting the need for a balanced approach [17]. - A multi-directional hedging strategy was also mentioned as a means to reduce market risk, although it is noted that retail investors often lack effective short-selling tools [17].