Forex encyclopedia

Random article: Japanese Candlesticks
Trading with financial instruments on the Forex, a trader will always use price charts to analyze and predict movement of prices in the market. The simplest price chart is a line graph. It shows rates by one line. But there are other kinds of graphs that are more informative, for example, a Japanese candlesticks chart. It is not difficult to guess that historically Japanese candlesticks chart appeared in Japan in the XIII century. Candlesticks are used to display price quotations rates, commodity prices, stocks and others. "Japanese candlesticks" type of chart is often called configuration of interval and line graphics, because each element displays a range of changes in price for a certain period of time, for example, minutes, hours, days, weeks. Nowadays, they are one of the most popular methods for representing price movement.
Popular article: Conscious trading
Of course, the crocodile often fails in his hunting. Prey may be dodged and escape. But the crocodile never panics. He returns to the waiting position and prepares for the next opportunity. One weapon to face the uncertainty in the Forex market is the discipline. When the Forex market moves in uncertainty, then the pro trader will protect his/her accounts with a high self-discipline. They create trade rules for themselves in accordance with the strategies they use, and with high self discipline, they always follow the rules of the trade. Forex is the world that is free to a high extent. But every trader should create trade rules for himself and should be responsible for the trading rules. This is the factor that distinguishes a pro trader from a trader who failed.
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