{"id":399782,"date":"2021-11-28T18:12:23","date_gmt":"2021-11-28T16:12:23","guid":{"rendered":"https:\/\/www.etoro.com\/investing\/bull-vs-bear-markets\/"},"modified":"2025-05-09T12:10:46","modified_gmt":"2025-05-09T09:10:46","slug":"bull-vs-bear-markets","status":"publish","type":"page","link":"https:\/\/www.etoro.com\/zh\/investing\/bull-vs-bear-markets\/","title":{"rendered":"\u718a\u5e02\u4e0e\u725b\u5e02"},"content":{"rendered":"\n<p class=\"is-style-summary\">\u201c\u718a\u5e02\u201d\u548c\u201c\u725b\u5e02\u201d\u662f\u6295\u8d44\u8005\u7ecf\u5e38\u4f7f\u7528\u7684\u4e24\u4e2a\u672f\u8bed\uff0c\u4e24\u8005\u90fd\u4f1a\u6d89\u53ca\u5267\u70c8\u7684\u4ef7\u683c\u6ce2\u52a8\u3002\u6295\u8d44\u8005\u501f\u7528\u91d1\u878d\u5e02\u573a\u4e2d\u7684\u8fd9\u4e24\u4e2a\u8bcd\u8bed\u6765\u7406\u89e3\u7279\u5b9a\u60c5\u51b5\u5e76\u505a\u51fa\u53cd\u5e94\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator wp-block-separator-color-dark-grey wp-block-separator-spaces-medium wp-block-separator-weight-1\"\/>\n\n\n\n<p><strong>\u201c\u718a\u5e02\u201d\u548c\u201c\u725b\u5e02\u201d\u662f\u7528\u6765\u63cf\u8ff0\u4ef7\u683c\u8d8b\u52bf\u7684\u672f\u8bed\u3002<\/strong>\u725b\u5e02\u662f\u8d44\u4ea7\u4ef7\u683c\u4e0a\u6da8\u7684\u65f6\u671f\uff0c\u800c\u718a\u5e02\u5219\u76f8\u53cd\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"769\" height=\"400\" src=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/07\/Body-Image1-1.png\" alt=\"\" class=\"wp-image-644952 wp-image-desktop\" srcset=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/07\/Body-Image1-1.png 769w, https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/07\/Body-Image1-1-300x156.png 300w\" sizes=\"(max-width: 769px) 100vw, 769px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">\u4ec0\u4e48\u662f\u718a\u5e02\uff1f<\/h2>\n\n\n\n<p>\u718a\u5e02\u6307\u7684\u662f\u8d44\u4ea7\u4ef7\u503c\u4e0b\u8dcc\u7684\u65f6\u671f\u3002\u5c3d\u7ba1\u8fd9\u4e2a\u8bcd\u7684\u51fa\u73b0\u9891\u7387\u5f88\u9ad8\uff0c\u4f46<strong>\u53ea\u6709\u5f53\u4ef7\u683c\u4ece\u524d\u4e00\u4e2a\u9ad8\u70b9\u4e0b\u8dcc\u8d85\u8fc7 20% \uff0c\u5e02\u573a\u624d\u80fd\u88ab\u89c6\u4e3a\u771f\u6b63\u7684\u718a\u5e02<\/strong>\u3002<\/p>\n\n\n\n<div class=\"wp-block-etoro-tip wp-block-etoro-tip-border-yellow\"><span class=\"wp-block-etoro-tip-icon\"><\/span><div class=\"wp-block-etoro-tip-text\">\n<p><strong>\u5c0f\u63d0\u793a\uff1a<\/strong>\u5982\u679c\u5e02\u573a\u5355\u65e5\u8dcc\u5e45\u8d85\u8fc7 5% \u4f46\u4f4e\u4e8e 20%\uff0c\u901a\u5e38\u4f7f\u7528\u201c\u770b\u8dcc\u201d\u4e00\u8bcd\u6765\u53cd\u6620\u5e02\u573a\u7684\u6050\u614c\u60c5\u7eea\u548c\u5927\u9762\u79ef\u629b\u552e\u3002<\/p>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">\u4ec0\u4e48\u662f\u725b\u5e02\uff1f<\/h2>\n\n\n\n<p>\u725b\u5e02\u6307\u7684\u662f\u91d1\u878d\u5e02\u573a\u4ef7\u503c\u957f\u671f\u4e0a\u6da8\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"769\" height=\"400\" src=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/07\/Body-Image2.png\" alt=\"\" class=\"wp-image-638366 wp-image-desktop\" srcset=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/07\/Body-Image2.png 769w, https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/07\/Body-Image2-300x156.png 300w\" sizes=\"(max-width: 769px) 100vw, 769px\" \/><\/figure>\n\n\n\n<p>\u725b\u5e02\u6709\u4e24\u4e2a\u826f\u597d\u6307\u6807\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list wp-block-list-circle\">\n<li>\u4ef7\u683c\u4ece\u4e4b\u524d\u7684\u4f4e\u70b9\u4e0a\u6da8\u4e86 20%<\/li>\n\n\n\n<li>\u4ef7\u683c\u521b\u5386\u53f2\u65b0\u9ad8<\/li>\n<\/ul>\n\n\n\n<p>\u5982\u679c\u4e00\u4e2a\u5e02\u573a\u6ca1\u6709\u8fbe\u5230\u4e0a\u8ff0\u57fa\u51c6\u4e2d\u7684\u4efb\u4f55\u4e00\u4e2a\uff0c\u53ef\u4ee5\u88ab\u79f0\u4e3a\u201c\u770b\u6da8\u201d\u3002<\/p>\n\n\n\n<div class=\"wp-block-etoro-tip wp-block-etoro-tip-border-yellow\"><span class=\"wp-block-etoro-tip-icon\"><\/span><div class=\"wp-block-etoro-tip-text\">\n<p><strong>\u5c0f\u63d0\u793a\uff1a<\/strong>\u725b\u5e02\u548c\u718a\u5e02\u8fd9\u4e24\u4e2a\u672f\u8bed\u53ef\u4ee5\u7528\u4e8e\u4efb\u4f55\u8d44\u4ea7\u7c7b\u522b\uff0c\u5305\u62ec<a href=\"https:\/\/www.etoro.com\/zh\/discover\/markets\/commodities\/\">\u5546\u54c1<\/a>\u3001<a href=\"https:\/\/www.etoro.com\/zh\/discover\/markets\/currencies\/\">\u8d27\u5e01<\/a>\u3001<a href=\"https:\/\/www.etoro.com\/zh\/discover\/markets\/cryptocurrencies\/\">\u52a0\u5bc6\u8d44\u4ea7<\/a>\u548c\u503a\u5238\u3002\u7136\u800c\uff0c\u8be5\u672f\u8bed\u6700\u5e38\u7528\u4e8e<a href=\"https:\/\/www.etoro.com\/zh\/discover\/markets\/stocks\/\">\u80a1\u7968\u5e02\u573a<\/a>\u3002<\/p>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">\u718a\u5e02\u4e0e\u725b\u5e02<\/h2>\n\n\n\n<p>\u725b\u5e02\u57fa\u672c\u4e0a\u5360\u636e\u4e86\u80a1\u7968\u5e02\u573a\u7684\u5927\u90e8\u4efd\u65f6\u671f\u3002\u5728\u5386\u53f2\u4ef7\u683c\u56fe\u8868\u4e0a\uff0c\u80a1\u7968\u5e02\u573a\u901a\u5e38\u90fd\u5904\u4e8e\u6536\u76ca\u7a33\u6b65\u4e0a\u5347\u7684\u901a\u9053\u3002\u7136\u800c\uff0c<strong>\u671f\u95f4\u4f1a\u51fa\u73b0\u5267\u70c8\u7684\u3001\u77ed\u6682\u7684\u4ef7\u683c\u66b4\u8dcc\uff1b\u8fd9\u5176\u5b9e\u662f\u5e02\u573a\u7684\u5468\u671f\u6027\u6240\u81f4<\/strong>\uff0c\u4f46\u718a\u5e02\u53ef\u80fd\u5bfc\u81f4\u6295\u8d44\u8005\u6050\u614c\u3002<\/p>\n\n\n\n<p>\u6b63\u5982\u4e0b\u56fe\u6807\u666e500\u6307\u65702014-2023\u5e74\u7684\u4ef7\u683c\u56fe\u8868\u6240\u793a\uff0c\u4ece2014-2022\u5e74\uff0c\u8be5\u6307\u6570\u7684\u4ef7\u683c\u867d\u7136\u57282019\u548c2020\u5e74\u90fd\u51fa\u73b0\u8fc7\u4e00\u6bb5\u65f6\u95f4\u7684\u56de\u843d\uff08\u718a\u5e02\uff09\uff0c<strong>\u4f46\u5176\u4ed6\u5927\u90e8\u5206\u65f6\u95f4\u90fd\u5728\u7a33\u6b65\u4e0a\u6da8\uff08\u725b\u5e02\uff09<\/strong>\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table aligncenter\"><div class=\"wp-block-table-content\"><div class=\"wp-block-table-content-nav wp-block-table-content-nav-left\"><div class=\"wp-block-table-content-nav-arrow wp-block-table-content-nav-arrow-left\"><\/div><\/div><div class=\"wp-block-table-content-nav wp-block-table-content-nav-right\"><div class=\"wp-block-table-content-nav-arrow wp-block-table-content-nav-arrow-right\"><\/div><\/div><div class=\"wp-block-table-content-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>SPDR S&amp;P 500 ETF (SPY) \u2013 2014 \u5e74 \u2013 2023\u5e74<\/strong><\/td><\/tr><\/tbody><\/table><\/div><\/div><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.etoro.com\/zh\/markets\/spy\/chart\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"581\" src=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/08\/Graph1_bullbearzh-1024x581.png\" alt=\"\" class=\"wp-image-677421 wp-image-desktop\" srcset=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/08\/Graph1_bullbearzh-1024x581.png 1024w, https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/08\/Graph1_bullbearzh-300x170.png 300w, https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/08\/Graph1_bullbearzh-768x436.png 768w, https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/08\/Graph1_bullbearzh.png 1490w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p class=\"is-style-disclaimer\"><em>\u4ec5\u4e3a\u6f14\u793a\u76ee\u7684\u3002\u8fc7\u53bb\u7684\u8868\u73b0\u5e76\u4e0d\u4ee3\u8868\u672a\u6765\u7684\u7ed3\u679c<\/em><\/p>\n\n\n\n<p>\u8d44\u6599\u6765\u6e90<strong>\uff1a<\/strong> <a href=\"https:\/\/www.etoro.com\/zh\/markets\/spy\/chart\">eToro<\/a><\/p>\n\n\n\n<p>\u6807\u666e500\u5341\u5e74\u95f4\u7684\u725b\u5e02\u4e0e\u718a\u5e02\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u725b\u5e02\u4e0e\u718a\u5e02\u4e2d\u7684\u4ea4\u6613<\/h2>\n\n\n\n<p>\u60a8\u7684\u8d77\u59cb\u4ed3\u4f4d\u3001\u6295\u8d44\u76ee\u6807\u548c<strong>\u6295\u8d44\u671f\u9650<\/strong> \u5c06\u5f71\u54cd\u60a8\u5e94\u5bf9\u725b\u5e02\u548c\u718a\u5e02\u7684\u65b9\u6cd5\u3002\u957f\u671f\u6295\u8d44\u8005\u901a\u5e38\u4f1a<strong>\u4e70\u5165\u5e76\u6301\u6709<\/strong>\uff0c\u76ee\u7684\u5728\u4e8e\u957f\u671f\u56de\u62a5\uff0c\u4ed6\u4eec\u53ef\u80fd\u5c06\u718a\u5e02\u89c6\u4e3a\u88ab<strong>\u4f4e\u4f30<\/strong> \u80a1\u7968\u7684\u673a\u4f1a\uff0c\u9022\u4f4e\u4e70\u5165\u3002<\/p>\n\n\n\n<p><mark>\u725b\u5e02\u65f6\uff0c\u6295\u8d44\u8005\u53ef\u4ee5\u6839\u636e\u5386\u53f2\u4ef7\u683c\u548c\u7ecf\u6d4e\u57fa\u672c\u9762\u505a\u51fa\u51b3\u5b9a\u3002\u800c\u718a\u5e02\u65f6\uff0c\u5f80\u5f80\u4f1a\u51fa\u73b0\u6050\u614c\u60c5\u7eea\u548c\u77ed\u671f\u8d85\u5356\uff0c\u9700\u8981\u533a\u522b\u5bf9\u5f85\u3002<\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u725b\u5e02\u4e0e\u718a\u5e02\u4e2d\u7684\u4ea4\u6613\u7b56\u7565<\/h2>\n\n\n\n<p>\u6ca1\u6709\u54ea\u79cd\u4ea4\u6613\u65b9\u5f0f\u9002\u5408\u6240\u6709\u4ea4\u6613\u98ce\u683c\uff0c\u6216\u662f\u4fdd\u8bc1\u5728\u725b\u5e02\u6216\u718a\u5e02\u4e2d\u90fd\u80fd\u8d5a\u94b1\u3002\u4f46\u662f\uff0c\u60a8\u53ef\u4ee5\u8003\u8651\u591a\u79cd\u4e0d\u540c\u7b56\u7565\uff0c\u5e76\u7528\u4e8e\u60a8\u81ea\u5df1\u7684\u6295\u8d44\u8ba1\u5212\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u52a8\u91cf\u7b56\u7565<\/h3>\n\n\n\n<p>\u52a8\u91cf\u7b56\u7565\u5b8c\u5168\u53ef\u4ee5\u89e3\u91ca\u4e3a\uff1a\u201c\u8fdf\u5230\u65e9\u9000\u201d\u3002\u52a8\u91cf\u6295\u8d44\u4e3b\u8981\u5229\u7528\u6301\u7eed\u6027\u7684\u8d8b\u52bf\uff0c\u53ef\u7528\u4e8e\u725b\u5e02\u4e5f\u53ef\u7528\u4e8e\u718a\u5e02\u3002\u8be5\u7b56\u7565\u4ee5<a href=\"https:\/\/www.etoro.com\/zh\/news-and-analysis\/copytrader\/6-investment-strategies-gaspersopi\/\">\u52a8\u91cf\u6307\u6807<\/a>\u4e3a\u6307\u5357\uff0c\u5224\u65ad\u5e02\u573a\u4f55\u65f6\u53ef\u80fd\u5df2\u7ecf\u5230\u8fbe\u6781\u9650\uff0c\u53ef\u80fd\u51fa\u73b0\u53cd\u8f6c\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u8d8b\u52bf\u7b56\u7565<\/h3>\n\n\n\n<p>\u8d8b\u52bf\u7b56\u7565 \u6df1\u53d7\u6280\u672f\u5206\u6790 \u62e5\u62a4\u8005\u7684\u9752\u7750\u3002\u6295\u8d44\u8005\u5206\u6790\u4ef7\u683c\u56fe\u8868\u3001\u5386\u53f2\u4ef7\u683c\u6570\u636e\uff0c\u529b\u56fe\u53d1\u73b0\u4e0a\u5347\u548c\u4e0b\u964d\u8d8b\u52bf\u7684\u6a21\u5f0f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u7a81\u7834<\/h3>\n\n\n\n<p>\u6709\u4e9b\u7b56\u7565\u8bd5\u56fe\u786e\u5b9a\u5e02\u573a\u60c5\u7eea\u548c\u4ef7\u683c\u4f55\u65f6\u5f00\u59cb\u8f6c\u5411\u3002\u4f8b\u5982\uff0c\u5982\u679c\u4ef7\u683c\u4e0e\u4e0b\u964d<a href=\"https:\/\/www.etoro.com\/customer-service\/help\/1322817\/how-do-etoro-s-charts-work\/\">\u8d8b\u52bf\u7ebf<\/a>\u76f8\u4ea4\u5e76\u5411\u4e0a\u201c\u7a81\u7834\u201d\uff0c\u8868\u660e\u718a\u5e02\u53ef\u80fd\u5373\u5c06\u7ed3\u675f\u3002\u5982\u4e0b\u56fe\u6240\u793a\u7684\u5fb7\u56fd40\u6307\u6570\u4ef7\u683c\u56fe\u8868\uff0c\u57282023\u5e7411\u6708\uff0c\u4ef7\u683c\u4e0e\u4e0b\u964d\u8d8b\u52bf\u7ebf\u76f8\u4ea4\uff0c\u4e4b\u540e\u718a\u5e02\u7ed3\u675f\uff0c\u725b\u5e02\u5f00\u542f\u3002<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-table aligncenter\"><div class=\"wp-block-table-content\"><div class=\"wp-block-table-content-nav wp-block-table-content-nav-left\"><div class=\"wp-block-table-content-nav-arrow wp-block-table-content-nav-arrow-left\"><\/div><\/div><div class=\"wp-block-table-content-nav wp-block-table-content-nav-right\"><div class=\"wp-block-table-content-nav-arrow wp-block-table-content-nav-arrow-right\"><\/div><\/div><div class=\"wp-block-table-content-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u5fb7\u56fd 40 \u6307\u6570 (GER40) \u2013 2021\u5e74 \u2013 2023\u5e74<\/strong><\/td><\/tr><\/tbody><\/table><\/div><\/div><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.etoro.com\/zh\/markets\/ger40\/chart\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"583\" src=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/08\/Graph2_bullbearzh-1024x583.png\" alt=\"\" class=\"wp-image-677400 wp-image-desktop\" srcset=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/08\/Graph2_bullbearzh-1024x583.png 1024w, https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/08\/Graph2_bullbearzh-300x171.png 300w, https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/08\/Graph2_bullbearzh-768x437.png 768w, https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/08\/Graph2_bullbearzh.png 1488w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p class=\"is-style-disclaimer\"><em>\u4ec5\u4e3a\u6f14\u793a\u76ee\u7684\u3002\u8fc7\u53bb\u7684\u8868\u73b0\u5e76\u4e0d\u4ee3\u8868\u672a\u6765\u7684\u7ed3\u679c<\/em><\/p>\n\n\n\n<p>\u8d44\u6599\u6765\u6e90<strong>\uff1a<\/strong> <a href=\"https:\/\/www.etoro.com\/zh\/markets\/ger40\/chart\">eToro<\/a><\/p>\n\n\n\n<p>\u5fb7\u56fd40\u6307\u6570\u4e24\u5e74\u4e1a\u7ee9\u8868\u73b0\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u51cf\u4ed3\u7136\u540e\u4e70\u56de<\/h3>\n\n\n\n<p>\u6709\u4e9b\u6295\u8d44\u8005\u8fdb\u5165\u5e02\u573a\u65f6\u4e70\u5165\u80a1\u7968\u7b49\u8d44\u4ea7\uff0c\u718a\u5e02\u51fa\u73b0\u65f6\uff0c\u7f29\u51cf\u90e8\u5206\u591a\u5934\u4ed3\u4f4d\uff0c\u4e4b\u540e\u4ee5\u66f4\u4f4e\u7684\u4ef7\u683c\u4e70\u56de\u3002\u8fd9\u4e0d\u7b97\u662f\u4e3b\u52a8\u5356\u7a7a\u3002<\/p>\n\n\n\n<div class=\"wp-block-etoro-tip wp-block-etoro-tip-border-yellow\"><span class=\"wp-block-etoro-tip-icon\"><\/span><div class=\"wp-block-etoro-tip-text\">\n<p><strong>\u5c0f\u63d0\u793a\uff1a<\/strong>\u5982\u8981\u4f7f\u60a8\u7684\u6295\u8d44\u7ec4\u5408\u591a\u6837\u5316\uff0c\u907f\u514d\u5355\u4e00\u80a1\u7968<a href=\"https:\/\/www.etoro.com\/zh\/stocks\/risk-management\/\">\u98ce\u9669<\/a>\uff0c\u53ef\u4ee5\u8003\u8651<strong>\u4ea4\u6613\u6240\u4ea4\u6613\u57fa\u91d1<\/strong> (ETF)\u6216\u6307\u6570\u3002\u4ea4\u6613\u8005\u662f\u8ddf\u8e2a\u5927\u76d8\u7684\u8d70\u52bf\u3002<\/p>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">\u5982\u4f55\u53d1\u73b0\u718a\u5e02<\/h2>\n\n\n\n<p>\u6295\u8d44\u8005\u5bf9\u5e02\u573a\u4e27\u5931\u6295\u8d44\u4fe1\u5fc3\u540e\uff0c\u718a\u5e02\u4fbf\u63a5\u8e35\u800c\u81f3\uff0c\u80cc\u540e\u7684\u56e0\u7d20\u53ef\u80fd\u5305\u62ec\u5229\u7387\u4e0a\u5347\u3001\u5730\u7f18\u653f\u6cbb\u4e8b\u4ef6\uff0c\u6216\u8005\u53ea\u662f\u725b\u5e02\u65f6\u671f\u7684\u8fc7\u70ed\u3002<\/p>\n\n\n\n<p>\u5982\u679c\u8be5\u56e0\u7d20\u4e8b\u5173<a href=\"https:\/\/www.investopedia.com\/terms\/l\/liquidity-crisis.asp\" target=\"_blank\" rel=\"noreferrer noopener\">\u6d41\u52a8\u6027\u5371\u673a<\/a>\uff0c\u5e02\u573a\u4e0a\u7684\u629b\u552e\u884c\u4e3a\u53ef\u80fd\u4f1a\u52a0\u5267\uff0c\u8fdb\u800c\u6ce2\u53ca\u4f7f\u7528\u6760\u6746\u7684\u6563\u6237\u548c\u673a\u6784\u6295\u8d44\u8005\uff0c\u4ed6\u4eec\u5c06\u88ab\u8feb\u5356\u51fa\u8d44\u4ea7\uff0c\u5c06\u5176\u8f6c\u6362\u4e3a\u73b0\u91d1\uff0c\u5f15\u53d1\u4ef7\u683c\u4e0b\u964d\u7684\u6076\u6027\u5faa\u73af\u3002<\/p>\n\n\n\n<div class=\"wp-block-etoro-tip wp-block-etoro-tip-border-yellow\"><span class=\"wp-block-etoro-tip-icon\"><\/span><div class=\"wp-block-etoro-tip-text\">\n<p><strong>\u5c0f\u63d0\u793a\uff1a<\/strong>\u6295\u8d44\u548c\u4ea4\u6613\u662f\u6709\u533a\u522b\u7684\u3002\u524d\u8005\u9002\u5408\u90a3\u4e9b\u6709\u957f\u671f\u6295\u8d44\u76ee\u6807\u7684\u4eba\uff0c\u540e\u8005\u9002\u5408\u90a3\u4e9b\u5e0c\u671b\u4ece\u77ed\u671f\u5e02\u573a\u6ce2\u52a8\u4e2d\u83b7\u5229\u7684\u4eba\u3002<\/p>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">\u5982\u4f55\u53d1\u73b0\u725b\u5e02<\/h2>\n\n\n\n<p>\u89c2\u5bdf\u5386\u53f2\u80a1\u4ef7\u56fe\u8868\u53ef\u4ee5\u53d1\u73b0\uff0c\u80a1\u5e02\u5927\u90e8\u5206\u65f6\u95f4\u90fd\u5904\u5728\u725b\u5e02\u5f53\u4e2d\u3002\u53d1\u73b0\u725b\u5e02\u5e76\u6295\u8d44\u540e\uff0c\u6295\u8d44\u8005\u4fbf\u4f1a\u5f00\u59cb\u5173\u5fc3\u629b\u552e\u65f6\u673a\u3001\u4ef7\u683c\u8c03\u6574\u3001\u4ee5\u53ca\u718a\u5e02\u4f55\u65f6\u51fa\u73b0\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"769\" height=\"400\" src=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/07\/Body-Image3-1-1.png\" alt=\"\" class=\"wp-image-657274 wp-image-desktop\" srcset=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/07\/Body-Image3-1-1.png 769w, https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/07\/Body-Image3-1-1-300x156.png 300w\" sizes=\"(max-width: 769px) 100vw, 769px\" \/><\/figure>\n\n\n\n<p>\u4e0b\u56fe\u663e\u793a\u4e862009 &#8211; 2020\u5e74\u7684\u725b\u5e02\u4e2d<a href=\"https:\/\/www.etoro.com\/zh\/discover\/markets\/stocks\/exchange\/nasdaq?ExchangeID=4\">\u7eb3\u65af\u8fbe\u514b\u6307\u6570<\/a>\u7684\u6ce2\u5cf0\u548c\u6ce2\u8c37\u3002\u4ece\u56fe\u4e0a\u6211\u4eec\u53ef\u4ee5\u770b\u5230\uff0c\u8be5\u6307\u6570\u5728 2020 \u5e74 3 \u6708\u4e0b\u8dcc\u8d85\u8fc7 20% \uff0c\u4f46\u725b\u5e02\u5e76\u672a\u5c31\u6b64\u7ed3\u675f\uff0c\u800c\u662f\u5728\u6b64\u8c03\u5934\u4e0a\u884c\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table aligncenter\"><div class=\"wp-block-table-content\"><div class=\"wp-block-table-content-nav wp-block-table-content-nav-left\"><div class=\"wp-block-table-content-nav-arrow wp-block-table-content-nav-arrow-left\"><\/div><\/div><div class=\"wp-block-table-content-nav wp-block-table-content-nav-right\"><div class=\"wp-block-table-content-nav-arrow wp-block-table-content-nav-arrow-right\"><\/div><\/div><div class=\"wp-block-table-content-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>\u7eb3\u65af\u8fbe\u514b 100 \u6307\u6570 (NSDQ) \u2013 2010 \u2013 2023<\/strong><\/td><\/tr><\/tbody><\/table><\/div><\/div><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.etoro.com\/zh\/markets\/nsdq100\/chart\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"582\" src=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/08\/Graph3_bullbearzh-1024x582.png\" alt=\"\" class=\"wp-image-677379 wp-image-desktop\" srcset=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/08\/Graph3_bullbearzh-1024x582.png 1024w, https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/08\/Graph3_bullbearzh-300x171.png 300w, https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/08\/Graph3_bullbearzh-768x437.png 768w, https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/08\/Graph3_bullbearzh.png 1492w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p><em>\u4ec5\u4e3a\u6f14\u793a\u76ee\u7684\u3002\u8fc7\u53bb\u7684\u8868\u73b0\u5e76\u4e0d\u4ee3\u8868\u672a\u6765\u7684\u7ed3\u679c<\/em><\/p>\n\n\n\n<p>\u8d44\u6599\u6765\u6e90\uff1a <a href=\"https:\/\/www.etoro.com\/zh\/markets\/nsdq100\/chart\">eToro<\/a><\/p>\n\n\n\n<p>\u7eb3\u65af\u8fbe\u514b100\u6307\u65702009-2020\u5e74\u95f4\u7684\u6ce2\u5cf0\u548c\u6ce2\u8c37\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote wp-block-quote-scheme-green is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201c\u5e02\u573a\u53ea\u6709\u4e00\u8fb9\uff0c\u4e0d\u662f\u725b\u8fd9\u8fb9\uff0c\u4e5f\u4e0d\u662f\u718a\u90a3\u8fb9\uff0c\u800c\u662f\u5bf9\u7684\u90a3\u8fb9\u3002\u201d<\/p>\n<cite><a href=\"https:\/\/www.brainyquote.com\/quotes\/jesse_livermore_138163\" rel=\"nofollow noopener noreferrer\" >\u6770\u897f\u00b7\u5229\u5f17\u83ab\u5c14<\/a><\/cite><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">\u7ed3\u8bed<\/h2>\n\n\n\n<p>\u8d44\u4ea7\u4ef7\u683c\u7684\u4e0a\u5347\u4e0b\u964d\u5e76\u4e0d\u662f\u7ebf\u6027\u7684\u3002\u4e00\u4e9b\u4ea4\u6613\u8005\u4f1a\u5229\u7528\u4ea4\u6613\u7684\u77ed\u671f<strong>\u56de\u64a4<\/strong>\uff0c\u8fdb\u884c\u9006\u52bf\u4ea4\u6613\u3002\u5224\u65ad\u5e02\u573a\u662f\u725b\u5e02\u8fd8\u662f\u718a\u5e02\u7684\u80fd\u529b\u662f\u6240\u6709\u6295\u8d44\u8005\u5b5c\u5b5c\u4ee5\u6c42\u7684\u3002<\/p>\n\n\n\n<p>\u8bbf\u95ee<a href=\"https:\/\/www.etoro.com\/zh\/academy\/\">eToro\u5b66\u9662<\/a>\uff0c\u4e86\u89e3\u66f4\u591a\u6709\u5173\u718a\u5e02\u548c\u725b\u5e02\uff0c\u4ee5\u53ca\u5982\u4f55\u8fdb\u884c\u4ea4\u6613\u7684\u4fe1\u606f\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u5e38\u89c1\u95ee\u9898<\/h2>\n\n\n\n<dl class=\"wp-block-etoro-faq\">\n<div class=\"wp-block-etoro-faq-item\"><dt class=\"wp-block-etoro-faq-item-question\">\u725b\u5e02\u548c\u718a\u5e02\u901a\u5e38\u6301\u7eed\u591a\u957f\u65f6\u95f4\uff1f<\/dt><dd class=\"wp-block-etoro-faq-item-answer\">\n<p>\u718a\u5e02\u548c\u725b\u5e02\u6301\u7eed\u7684\u65f6\u95f4\u5404\u4e0d\u76f8\u540c\u3002\u4f8b\u5982\uff0c1929 \u5e74\u7684\u534e\u5c14\u8857\u5d29\u76d8\u4e4b\u524d\uff0c\u718a\u5e02\u6301\u7eed\u4e86\u8fd1\u4e09\u5e74\u30022009 \u5e74\u81f3 2020 \u5e74\u95f4\uff0c<a href=\"https:\/\/www.etoro.com\/zh\/markets\/nsdq100\/chart\">\u7eb3\u65af\u8fbe\u514b 100<\/a>\u6307\u6570\u5728\u7ecf\u5386\u4e86\u4e00\u6ce2\u5927\u725b\u5e02\uff0c\u4e0a\u6da8\u4e86 747%\u3002<\/p>\n<\/dd><\/div>\n\n\n\n<div class=\"wp-block-etoro-faq-item\"><dt class=\"wp-block-etoro-faq-item-question\">\u5386\u53f2\u4e0a\u6700\u77ed\u7684\u718a\u5e02\u6709\u591a\u957f\uff1f<\/dt><dd class=\"wp-block-etoro-faq-item-answer\">\n<p>2020 \u5e74 2 \u6708 20 \u65e5\u81f3 3 \u6708 24 \u65e5\u671f\u95f4\u56e0\u65b0\u51a0\u5bfc\u81f4\u80a1\u5e02\u5d29\u76d8\uff0c<a href=\"https:\/\/www.etoro.com\/zh\/markets\/spx500\">\u6807\u51c6\u666e\u5c14 500<\/a>\u6307\u6570\u4e0b\u8dcc\u8d85\u8fc7 30%\u3002\u800c\u5230 4 \u6708 6 \u65e5\uff0c\u5e02\u573a\u5df2\u53cd\u5f39\u4e86 20%\uff0c\u8fd9\u662f\u5386\u53f2\u4e0a\u65f6\u95f4\u6700\u77ed\u7684\u718a\u5e02\u3002<\/p>\n<\/dd><\/div>\n\n\n\n<div class=\"wp-block-etoro-faq-item\"><dt class=\"wp-block-etoro-faq-item-question\">\u5e02\u573a\u662f\u5426\u6709\u65f6\u65e2\u4e0d\u725b\u4e5f\u4e0d\u718a\uff1f<\/dt><dd class=\"wp-block-etoro-faq-item-answer\">\n<p>\u5728\u67d0\u4e9b\u65f6\u671f\uff0c<a href=\"https:\/\/www.etoro.com\/zh\/discover\/markets\/\">\u5e02\u573a<\/a>\u7684\u8d8b\u52bf\u5c5e\u4e8e\u6a2a\u76d8\u6574\u7406\u3002\u8fd9\u5e76\u4e0d\u610f\u5473\u7740\u5e02\u573a\u8d8b\u52bf\u53d1\u751f\u4e86\u6839\u672c\u53d8\u5316\uff0c\u8fd9\u53ef\u80fd\u610f\u5473\u7740\u4ef7\u683c\u6b63\u5728\u5de9\u56fa\u00a0\u5e76\u7b49\u5f85\u7ee7\u7eed\u671d\u540c\u4e00\u65b9\u5411\u53d1\u5c55\uff0c\u6216\u662f\u5373\u5c06\u53d1\u751f\u9006\u8f6c\u3002<\/p>\n<\/dd><\/div>\n<\/dl>\n\n\n\n\t\t<style>\n\t\t\t.rtl .etoro-block-shortcode-disclaimer {\n\t\t\t\ttext-align:right;\n\t\t\t}\n\t\t\t.etoro-block-shortcode-disclaimer {\n\t\t\t\tmargin-bottom:18px;\n\t\t\t\ttext-align:left;\n\t\t\t}\n\t\t\t.etoro-block-shortcode-disclaimer p{\n\t\t\t\tfont-size: 12px;\n\t\t\t\tline-height: 18px;\n\t\t\t}\n\t\t\t@media (min-width: 768px) {\n\t\t\t\t.etoro-block-shortcode-disclaimer {\n\t\t\t\t\tmax-width:1176px;\n\t\t\t\t\ttext-align:center;\n\t\t\t\t}\n\t\t\t\t.etoro-block-shortcode-disclaimer p {\n\t\t\t\t\tfont-size: 14px;\n\t\t\t\t\tline-height: 20px;\n\t\t\t\t}\n\t\t\t}\n\t\t<\/style>\n\t\t<div 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