A toilet paper panic has swept across Taiwan over the past few days. Today vendors and manufacturers were called before the Fair Trade Commission, for an investigation into possible collusion on price fixing and even merchandise hoarding. Premier Lai Ching-te promised to make sure prices stabilize at a reasonable level, and asked the public not to panic-buy paper products.Taiwan’s Fair Trade Commission convened discussions into possible price fixing, inviting manufacturers and resellers of household paper products to participate. Eight major industry players attended. The commission suspects that the companies galvanized an illegal market-wide price hike through the media. However the companies’ reps gave only cursory explanations, unwilling to say any more than necessary.The Fair Trade Commission reiterated that price collusion is illegal. It will initiate talks with individual companies on Thursday, to work out exactly how each firm came to raise its prices. The commission will also look into possible hoarding of goods. Enterprises with turnover in excess of NT$100 million could be fined up to 10% if found guilty of infringements; the meeting was a stern shot across the bow to remind companies not to challenge public authority. Perng Shaw-jiinFair Trade Commission SpokesmanNo enterprise, whether a manufacturer or a supplier, is permitted to cross this line in the sand.Lai Ching-tePremierThere is no need for concern over supply. Everybody will be able to buy toilet paper and the price will also be stable and reasonable. There won’t be any major fluctuations, so we ask everyone not to panic or hoard paper.The Cabinet is clamping down on the toilet paper issue, with these interviews and investigations by the Fair Trade Commission, and further inspections at the supply end by the Consumer Protection Committee. The investigations will delay the pre-announced legal hike to toilet paper prices, initially scheduled for mid-March, now expected at the end of March. The pressing question is whether prices will have to be frozen in the end.
Trading stocks typically have the lowest fees on eToro, which is one reason why I recommend you stick to this market when starting out.
All trades charge both a spread and daily rollover fees.
It really comes down to individual trading strategies and preference. But to give you an idea, I tend to hold on to stocks for a minimum of 6 months and all other trades tend to have an average duration of about two-three weeks.
A final word on over-trading.
This is a point that I want to expand on a little more, specifically in relation to copying other traders. Below is a screenshot of my equity chart over six months. The red line shows the number of people copying me.
My equity vs copiers chart.
The same holds true for the stock market in general.
Long-term growth of UK stock market.
How to Start Trading Cryptocurrencies.
Cryptocurrency trading can be extremely profitable if you know what you are doing, but it can also lead to disaster. Even though most traders decide to either go with fiat or bitcoin, other cryptocurrencies can represent viable income sources, as long you as you tread carefully and understand what you are doing. This guide is for those who want to start getting involved in cryptocurrency trading.
Where to trade.