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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).
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Popular article: Forex traders’ psychology: buyers and sellers
Forex market has its driving forces. Such forces are participants of market. For clarity, it is accepted to divide them into several types: bulls, bears, pigs, rabbits, hogs, lambs. In this zoo, driving forces are exactly bulls and bears. Their clear intentions and determination can greatly influence currency rates. This terminology was adopted from stock market, where emotions play not the last role in movement of quotes, thus, analogy with animals and their typical behaviour provides a clear idea on psychology of market participant.
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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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