大體分為三大派別：

1. 技術分析 (Technical Analysis)

2. 基本面分析 (Fundamental Analysis)

3. 定量分析法 (Quantitative Analysis)

大體分為三大派別：

1. 技術分析 (Technical Analysis)

2. 基本面分析 (Fundamental Analysis)

3. 定量分析法 (Quantitative Analysis)

Here are some popular trading strategies used by investment banks/ hedge funds.

- Arbitrage
- Market Neutral
- Relative Value
- Event Driven
- Macro Economy
- Long/Short Bias
- Hedging
- Market Making
- Execution Algo

Original Posted by - b'Jeremy':Here are some popular trading strategies used by investment banks/ hedge funds.

- Arbitrage
- Market Neutral
- Relative Value
- Event Driven
- Macro Economy
- Long/Short Bias
- Hedging
- Market Making
- Execution Algo

You can create a trading strategy using infinitely different way.

There is, in fact, no single way or complete list of classification. This list just comes from my experience.

Original Posted by - b'Jeremy':Here are some popular trading strategies used by investment banks/ hedge funds.

- Arbitrage
- Market Neutral
- Relative Value
- Event Driven
- Macro Economy
- Long/Short Bias
- Hedging
- Market Making
- Execution Algo

可以举一些具体的例子吗？

Original Posted by - b'Wang': 可以举一些具体的例子吗？

Here are some examples for **(1) Arbitrage**, Arbitrage is basically due to mis-pricing of the same item.

__Cross Broker Arbitrage__:

__Big Mac Arbitrage:__

Suppose you have 2 trading accounts from different brokers, say Broker A and Broker B. Due to data latency, it is possible that sometimes for the same financial instrument you could get different price quotes. Suppose at a particular time of a trading day, you observe the following quotes of a stock:

Broker Bid Ask A 100 102 B 103 104

Then, we can open a buy order at $102 from broker A, and simultaneously open another sell order at $103 from broker B. Here we get the arbitrage profit $1

Many Economic class should mention about this example. McDonald is a global fast food restaurant. Suppose its Big Mac are identical all over the world. Let's say you observe the following:

- Big Mac in Hong Kong is selling at HKD 30
- Big Mac in China is selling at RMB 25
- The exchange rate for 1 HKD is 0.8 RMB

Then, we can buy 1 Big Mac at HKD 30 in Hong Kong, sell it at RMB 25, and convert RMB back to HKD. Thus, we get (25/0.8 - 30) = HKD 1.25 arbitrage profit!

Original Posted by - b'Jeremy': Here are some examples for(1) Arbitrage, Arbitrage is basically due to mis-pricing of the same item.:Cross Broker ArbitrageSuppose you have 2 trading accounts from different brokers, say Broker A and Broker B. Due to data latency, it is possible that sometimes for the same financial instrument you could get different price quotes. Suppose at a particular time of a trading day, you observe the following quotes of a stock:

Broker Bid Ask A 100 102 B 103 104 Then, we can open a buy order at $102 from broker A, and simultaneously open another sell order at $103 from broker B. Here we get the arbitrage profit $1Big Mac Arbitrage:Many Economic class should mention about this example. McDonald is a global fast food restaurant. Suppose its Big Mac are identical all over the world. Let's say you observe the following:

- Big Mac in Hong Kong is selling at HKD 30
- Big Mac in China is selling at RMB 25
- The exchange rate for 1 HKD is 0.8 RMB
Then, we can buy 1 Big Mac at HKD 30 in Hong Kong, sell it at RMB 25, and convert RMB back to HKD. Thus, we get (25/0.8 - 30) = HKD 1.25 arbitrage profit!

学习了, 谢谢!