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Market knowledge library

Every guide is free: world stock markets, the Fed, forex, crypto, gold and more.

Stock markets

What Is a Stock Exchange and How Does It Work?

Learn about stock exchanges from scratch: who buys and sells, how share prices are formed, and why prices move up and down every day.

The 10 Largest Stock Exchanges in the World

The US exchanges NYSE and Nasdaq are far larger than any other market, followed by Shanghai, Japan, Europe, India and Hong Kong. See what makes each market stand out.

What Is the US Stock Market and What Time Does It Open in Thai Time?

How NYSE and Nasdaq differ, trading hours in Thai time during both summer and winter, and why the US stock market affects markets worldwide

What Are the S&P 500, Nasdaq and Dow Jones, and How Do They Differ?

The US stock indexes mentioned in the news every day: what each one measures, how it is calculated, and which one to watch when you want a picture of the overall market.

The Largest Stocks in the S&P 500 and the Magnificent 7

A handful of stocks drive the entire US equity index. Who is in this group, how much weight they carry, and the risks of concentration.

The 11 Stock Market Sectors (GICS Sectors)

Global stock markets divide companies into 11 sectors under the GICS standard. How does each sector respond differently to the economy and interest rates?

The Thai Stock Market: SET, SET50, SET100 and mai

Get to know the Stock Exchange of Thailand, its key indices, trading hours, and the factors that move Thai stocks up and down.

Major Global Stock Indices You Should Know

Nikkei, Hang Seng, Shanghai, DAX, FTSE 100, Euro Stoxx 50 and more: what each index measures and when each market opens in Thai time

Economy & central banks

What Is the Fed? What Does It Do, and Why Does the Whole World Watch It?

The US central bank sets interest rates that affect stocks, gold, currencies, and crypto worldwide. Learn about the Fed's structure, duties, and tools.

How the FOMC Meets and How to Read the Dot Plot

Who votes, how many meetings are held each year, what time results are announced in Thai time, and how to read the dot plot that signals the future direction of interest rates

How Interest Rate Rises and Cuts Affect Stocks, Gold, Currencies, and Crypto

Why interest rates are the single most important variable in financial markets, and how they transmit to each type of asset.

What Is Inflation? How to Read CPI and PCE Data

Why inflation data causes sharp market volatility, how CPI and PCE differ, and what Core means

How to Read the Nonfarm Payrolls (NFP) Report

The news release that moves the market the most each month: when it comes out, which figures to look at, and how the market interprets them.

The World's Major Central Banks: The Fed, ECB, BOJ, BOE, PBOC and the Bank of Thailand

Besides the Fed, which other central banks can move the markets, which currencies does each one oversee, and how do their policies affect Thai investors?

Bond Yield and the Yield Curve

Why gold and stock traders watch the US 10-year bond yield, and what an inverted yield curve says about the economy

How to Read an Economic Calendar for Beginners

Which news matters, what the Actual, Forecast and Previous columns mean, and how to prepare before major news is released

Essentials for trading the news

Basics

How news moves prices

Prices don't move because news is good or bad. They move because news is different from what the market expected. An inflation print of 3.4% can weaken the dollar if the market expected 3.6%.

  • Consensus is the average analyst forecast, shown in economic calendars
  • Actual − Consensus is the “surprise” that moves prices
  • Revisions to last month's number matter too
Basics

Reading the economic calendar

The releases that move the dollar and gold the most for traders in Thailand:

  • Nonfarm Payrolls: first Friday of the month, 19:30 Bangkok time (during US daylight saving)
  • US CPI: mid-month, 19:30
  • FOMC meetings: 8 a year, decision around 01:00 after the Wednesday meeting
  • Bank of Thailand MPC: moves the baht and bank stocks

Spreads often widen and slippage rises before big releases. Reduce position size or pause your EA.

Forex / Gold

Fed rates, the dollar and gold

Higher US rates → holding dollars pays more → a stronger dollar. Gold pays no interest, so it becomes more costly to hold and often dips at first.

But if rates rise because inflation is so high that markets fear a downturn, gold can climb again as a safe haven. See examples on the “News history” page.

Stocks

Thai stocks and foreign money

The SET is driven to a large extent by foreign money. When US rates rise and the Thai–US rate gap widens, money tends to leave emerging markets, and large caps in banking, energy and telecoms are sold first.

  • Track daily net buying and selling by foreign investors
  • A weaker baht together with foreign selling signals capital outflows
Risk

Manage risk before thinking about profit

  • Risk no more than 1–2% of your account per trade
  • Always set a stop-loss and size your lots from the stop distance
  • High leverage turns small news into a wiped-out account; see 10 Oct 2025
  • Keep a journal: why you entered and what news surrounded the entry
EA

What an EA is, and what to watch out for

An EA (Expert Advisor) is an automated trading program on MetaTrader 4/5. It follows its written rules without emotion, but it doesn't know about news unless it has a news filter.

  • Look at multi-year backtests together with live account results
  • Beware of Martingale/Grid EAs with no stop-loss
  • Always test on a demo or cent account first
  • Use a VPS so the EA runs continuously