Forex encyclopedia

Random article: Bollinger Bands in Forex
Bollinger bands is an indicator proposed by John Bollinger, founder and president Bollinger Capital Management, Inc. specializing in investments and funds management services rendered to individuals and corporations. Over a long time, John Bollinger had been working as a chief analyst of the big cable channel Financial News Network (FNN) publishing financial news. J. Bollinger gained a global popularity because of so called “Bollinger Bands” received a mass recognition and used in most part of modern analytical computer applications. In appearance Bollinger Bands resemble moving averages envelopes expressed in the per cent form, but have a notable pecularity: in Bollinger Bands the size of vertical shift of Moving Average line is expressed by a certain amount of standard price deviations (unlike moving averages envelopes with external borders formed by a vertical upward and downward shift for a certain constant amount in per cents).
Popular article: What is Forex?
Forex is an international currency exchange. In accordance with the name, one can immediately determine that the main «products» here are the national currencies. The structure of the market is somewhat similar to the exchange office. Currency units are sold or bought, taking into account the value positions that exist at the current time. Due to the difference in exchange rates, you can make a significant profit if you buy or sell a certain currency at the appropriate times.
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