Forex encyclopedia

Nowadays Forex has a good prospect for traders. Anyone who is dared to enter the Forex market can have a great opportunity to produce or achieve maximum profit. Promising opportunity is truly seductive and tempts traders to immediately take a decision to enter Forex market. My question what is your profit target in Forex trading activities? Profit target can lead to success or failure of our trading. Therefore, we need to set it up and try to accomplish. The bigger target is, the bigger mental pressure to achieve it is put on you. On the other hand, a big target can make us more excited.
Relative Volatility Index was elaborated by Donald Dorsey in 1993 and introduced in “ Technical Analysis of Stocks and Commodities” magazine. RVI is not a separate indicator; it is used to confirm signals and improve trading systems. This index measures forces of volatility movement. It does not duplicate signals of other oscillators, but just confirms them. RVI and Relative Strength Index are very much alike, but they additionally demonstrate highest and lowest points of price of standard deviation in a certain range. RVI is calculated in a way similar to calculation of RSI, but here 10-days' standard deviation of close price is taken instead of change of price.
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Forex encyclopedia
Forex encyclopedia “Clever FX” is the unique service created by FreshForex to introduce world of Forex to traders. The main purpose is to share knowledge of experienced traders with novice traders in simple and convenient form. Every trader will be able to learn something new here. If you are a professional trader, we invite you to write an article for “Clever FX” and get reward. Let's write Forex history together!
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