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Trading in US Market
- Trading Rules
  - Trading session
  - What is the time-in-force and pre-market and post-market
  - US Stock MV and P/L Calculation
  - Why should the placement of market orders be restricted
  - How to modify/cancel an order
  - How to place an order
  - Withholding Tax on Publicly Traded Partnerships (PTP) Securities and Trading Arrangements
  - Other limits for placing U.S. stocks orders
  - Risk relating to Trading in US Exchange-listed or Over-the-counter ("OTC") Securities or Derivatives
  - Fractional Shares Trading
  - US Stock Moving to T+1 Settlement
  - U.S. market overnight trading
- Order Types
  - Stop order
  - Stop limit order
  - Market if touched order
  - Limit if touched order
  - Trailing stop order
  - Trailing stop limit order
  - What are advanced orders
  - What is limit order
  - What is market order
  - What is an attached order
  - What is Algorithmic Trading for US Stocks
  - Market-on-Close order
  - What is a conditional order?
  - OCO order
  - What are order trigger times?
- Stock Yield Enhancement Program (SYEP)
  - Introduction of Stock Yield Enhancement Program
  - How do I enroll into the Stock Yield Enhancement Program
  - Where can I check interest earned
  - What circumstances will cause the lending to be terminated
  - Will stock lending affect trading and dividends, and what are the other effects
  - Can I specify which securities are lent
  - How do I opt-out of the Stock Yield Enhancement Program
  - Precautions and Risks of Stock Yield Enhancement Program
  - Disclaimer of Stock Yield Enhancement Program
- Dividend Reinvestment Plan
  - Dividend Reinvestment Plan

Trading in A-shares Market
- Trading Rules
  - What is China A-shares
  - Common questions
  - Operation guide to China A-shares account
  - A-share trading rules
  - What is the Time-in-force
  - Changes to China Connect Trading for Mainland Investors
- Order Types
  - What is a conditional order?
  - Trailing Stop Limit Order
  - Stop Limit Order
  - What are advanced orders
  - What are order trigger times?

Trading in JP Market
- Trading Rules
  - Japanese stock market
  - Time-in-Force
- Order Types
  - What is limit order/market order
  - Stop limit order
  - Stop order
  - Limit if touched order
  - Market if touched order
  - Trailing stop limit order
  - Trailing stop order
  - What are order trigger times?

Options
- US Stock Option
  - Option basics
  - Option trading FAQ
  - Exercise & settlement
  - Multi-Leg Options Order
  - US stock options rolling
  - Margin Requirements for Option Strategies
  - US Stock Multi-Leg Options Fees
  - Corporate actions & special situations
  - Why should the placement of market orders be restricted
  - What is an attached order
- US Index Option
  - What are index options?
  - Trade Index Options
  - Index Options Margin Requirements
  - Index Options Exercise and Settlement

Crypto
- Trading Rules
  - How do I trade cryptocurrencies?
  - Cryptocurrency trading hours and trading rules
  - What cryptocurrency pairs can I trade
  - Amount limits on single orders
  - What is the minimum quantity change I can make to a crypto trading order?
  - What is the minimum price change I can make to a crypto trading order?
  - Are there price protection mechanisms for crypto trading?
  - Account Details
  - What are the components of funds on hold?
  - Buying power
- Order Types
  - What order types can I select when placing a pending order?
  - What time-in-force can I select when placing a pending order？
- About Cash Transfer
  - Where are the assets custodised?
  - Cash Transfer
  - Arrival time of cash transfer
  - Can I deposit and withdraw the cryptocurrency?

Leveraged Foreign Exchange/Contract for Differences(CFD)
- Trading Rules
  - Trading Hours
  - How to trade leveraged foreign exchange
  - What is the trading and settlement mechanism
  - P/L and Settlement Mechanism
  - Contract Specs
  - Account & Position Information
- Order Type
  - What is limit order
  - What is Time in force
  - What is stop limit order
  - What is stop market order
  - What is Take Profit / Stop Loss
  - Slippage & related strategies
  - What is market order
  - Fill Policy
- Tradable currency pairs
- Swap and Spread
  - What is a spread
  - What is a swap
- Margin Rules
  - What is margin for forex account
  - Explanation of risk status and margin mechanism of forex accounts
  - Margin List
  - How is margin charged for locked positions
  - Force‐liquidation Margin (FM)
- Fees
- Risk Fact Sheet for Contracts for Difference (CFD)

Moomoo Wealth
- Funds
  - Quoted details
  - Trading
  - Buying power
  - Dividend fund
  - Moomoo Wealth
- Moomoo Cash Plus
  - Introduction to Cash Plus
  - Cash Plus Trading Rules
  - Redemption amount adjustment
  - Cash Plus Estimated Yield
  - [Extra Yield Version]Moomoo Cash Plus
- SmartSave
- Fund Portfolio
  - About Fund Portfolio
  - About Annualized Yield
  - Fund Portfolio Adjustment
- Private Fund & Structured Product
  - Trade rules
  - Definitions
  - Investment Thresholds
- Bonds
  - What is a bond
  - How to trade bonds
  - What are the fees for trading bonds
  - What is the settlement date for bonds
  - What is accrued interest on bonds
  - What is Yield to Maturity (YTM)
  - How is the estimated amount of a bond order calculated
  - What is the Max NV (Nominal Value) to Buy
  - What is the NV (Nominal Value) Available to Sell
  - How do I receive coupon payments
  - How do I receive the principal payment at maturity
  - Bond Position and P/L
  - Fast Trade for bonds
- Structured Notes
  - Introduction to Structured Notes
  - Trading Rules
  - Coupon Payment, Maturity, and Knock-Out Rules
  - Calculation Basis
- Robo-advisor Service
  - Robo-advisor Service Frequently Asked Questions
  - ETF Portfolio Trading Rules
  - Rebalancing Services
  - Returns on ETF Portfolios
  - Others

Margin Trading
- Introduction
  - What is margin trading and short selling
  - What is margin trading or short selling for
  - How can I do margin trading or short selling
  - How do I know whether a stock supports margin trading or short selling
  - Where can I find the margins for margin trading and short selling, what is the meaning of each term
  - How many funds or shares can I borrow at most for margin trading or short selling
  - Is there any fee for margin trading and short selling
  - Trading with multi-currencies
- About Margin Calls
  - How to know the current risks in my account
  - When will I be at risk of forced liquidation
  - Will part of my positions be closed in case of forced liquidation
  - How to avoid forced liquidation

Regular Savings Plan (RSP)
- RSP for US Stock
  - Stock Regular Savings Plan T&Cs
  - How to Start a Stock Regular Savings Plan
  - Regular Savings Plan FAQs
  - Stock RSP Calculator
  - Popular RSP Section
- RSP for Funds
  - Regular savings plan

IPO Subscription
- US IPOs
  - US IPO subscription
- HK IPOs
  - IPO subscription statement
  - Step-By-Step IPO instructions
  - FAQ about IPO subscription
  - Descriptions on interest charges
  - Instructions on checking allotment results
  - Why moomoo doesn’t support subscription for certain IPOs
  - Information about accredited investors (AI)
  - Agreements
- Singapore ETF
  - ETF subscription

Corporate Action
- ADR Conversions
  - Instruction of ADR conversions
- View dividends details

Paper Trading
- US Margin Paper Trading Account
- Stock Paper Trading Rules
- How to place a paper order
- How to create a paper trading account

What is Yield to Maturity (YTM)

YTM refers to the internal rate of return calculated at the market price if you hold a bond to maturity and the principal and interest of the bond are paid as scheduled. If discounting the bond at YTM, the present value of all its future cash flows (including those of principal and interest) will be equal to the purchase price.

Generally, you can refer to the following formula:

Where:

Y: yield to maturity

PV: bond market price

M: par value

t: remaining years to maturity

I: coupon rate

If a bond with a par value of 100 has a market price of 95, pays interest at an annual interest rate of 6% and matures in 2 years, then

Its YTM is around 8.78%

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