As the Year of the Dog comes to an end, we get set to welcome the Year of the Earth Pig, which starts on Tuesday February 5th 2019 and ends on January 24th 2020, right before the Year of the Metal Rat. It’s a brand new chapter of the Chinese Zodiac. Contentworks, an agency specialising in content marketing for the financial and forex markets knows how to engage traders. So, with pig years being auspicious, now’s a good time to take a sneak peak at the The Year of the Pig and the China Markets in 2019.
The Year of the Pig: A Great Time to Invest?
We’re compliance savvy here at Contentworks and know better than to tell you when or how to invest. So, instead we’ll focus on facts from the Year of the Pig. While the animal itself is associated with laziness and clumsiness it is also a symbol of wealth. Its chubby cheeks and big ears often being associated with fortune. For this reason, people often consider the year of the pig to be a great time to make money, focus on their careers and invest in the market.
The year is believed to have a happy, festive and uplifting atmosphere complemented by feelings of abundance. It all sounds wonderful, doesn’t it? Plus pigs are pretty cute when they’re not rolling around in mud and scoffing everything in sight.
But not everything is plain sailing. 2019 also comes with warnings. Many people believe the dominant earth energy with yin polarity may cause global financial difficulties. 2018 hasn’t exactly been a walk in the park what with trade talk after trade talk with Trump and therefore the waters are already a little choppy. As a result it’s thought that well-considered actions will be rewarded much more than risk taking during the months ahead which, when it comes to trading, could serve as a warning to those born in a the year of the pig.
The Year of the Pig and Trading Characteristics
Those born in the Year of the Pig are said to be naïve, gullible, short-tempered and sluggish. They can also behave in a lazy way and lack motivation which prevents them from taking action. These characteristics could be detrimental to someone looking to trade the China markets. There’s a lot going on at the moment. Not only is the on-going China-US trade war resulting in a fair amount of negative sentiment but the yuan is under pressure due to an economic slowdown. This means that trading decisions need to be given thought in light of market volatility and world events that could affect price movements.
Pigs simply can’t get complacent and must remember all the essential practices from testing strategies using a Demo account before ‘going live’ to analysing the market in detail and setting appropriate stop-loss and take-profit markers. The pig can also be naive and become the target of unscrupulous people, so it’s essential not to let your guard down when it comes to trading decisions. Being easy to anger is also a quality that’s worth keeping in check as emotions and trading do not go hand-in-hand.
Pigs have an array of good qualities too however so don’t panic. They tend to be well-educated and think nothing of doing research which is an excellent quality for market analysis 2019.
Zodiac Signs and the China Markets 2019
Different zodiac signs will be affected in different ways by the Year of the Pig. Those born in the Year of the Rat, Ox or Dog may be affected by nervousness which could lead to stress and insomnia. Everyone is different but when it comes to trading, it’s good to follow the below tips which could help you cope with the year ahead.
- Know your limits and avoid trading more than you can afford
- Take a break – watching the markets for too long isn’t healthy or productive
- Exercise! Step away from those screens and look after your well-being
The natives of Snake, Rat, Ox and Rabbit are predicted to take advantage of opportunities to improve their personal and professional life. According to 2019 Chinese market seasoned pros, there are numerous ways to succeed during times of volatility. Morgan Stanley strategist Jonathan Garner said investors should ‘snap up cheap shares’ amid periods of cynicism and the bearish market in China. Of course, it’s up to individuals as to what’s best for their strategy.
It’s difficult to find a sign with more optimism and according to the Chinese Zodiac, 2019 could be prosperous. But, of course, where financial markets are concerned it’s essential to exercise caution.
Happy New Year 新年快乐
The Chinese New Year brings with it a host of new opportunities and challenges. We’d like to wish our clients, followers and colleagues around the world a very happy 2019! Want articles like this for your forex traders? Contact the team today.