I would like to trade at night (EST) in the Japanese market.
Do I need to read Japanese?
What is the best way to go about this?
Personal Finance & Money Stack Exchange is a question and answer site for people who want to be financially literate. It only takes a minute to sign up.
Sign up to join this communityI would like to trade at night (EST) in the Japanese market.
Do I need to read Japanese?
What is the best way to go about this?
Any large stockbroker will offer trading on all major international markets, including Japan.
You should be aware that trading international securities will incur larger commission charges than trading domestic securities. For example, my HSBC account will charge 0.5% commission on international securities when trading under $10,000. Above $10,000 the commission is reduced, but still much larger than the $6.88 charged on any North American market regardless of the size of the trade.
Also, some international markets have additional trading costs. For example, trading on the London Market carries an additional "stamp duty" of 0.5%. Also, you may have to complete and file paper work with the national securities regulator as a foreign national.
There is no need to read Japanese unless you wish to read Japanese market analysis. English language analysis of the Japanese market is widely available.
Reading Japanese is necessary to understand news and other reports. If you just work off data, you would be able to do it without knowing the language.
Retail brokers like Interactive Brokers offer trading in Japanese futures and equities.