Forex encyclopedia

Functionally FSA does not depend on the British Government and is fully financed by the companies, which it supervises. While making management decisions, the board is guided by six main principles. 1. First of all, it is a common principle of legitimacy, which means that management of each separate firm is responsible for compliance of firm's business with all legislative requirements. It is management who must take care of internal control and risk management in organization. In this case participation of state authority in internal business of the company is minimized. 2. Principle of efficiency is in operation in every organization and declares that all resources must be utilized effectively.
The Fibonacci Spiral & Fibonacci Time Projection is among the popular Fibonacci Studies on the Forex market. Using these two methods in combination help traders to determine powerful support and resistance levels of the market along with time prediction. While the Fibonacci Time Projection is quite common and its rules are clear, the Fibonacci Spiral strategies can be used in different ways.
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