Forex encyclopedia

Random article: Balance of Trade (BOT)
Balance of Trade (BOT) - is a fundamental indicator expressed as the difference between prices for exported and imported goods. Trade balance is the quantity index shown for a certain period of time (year, quarter, month), during which settlement for all foreign trade operations is conducted. Trading balance can be positive (active) and negative (passive). If the sum amount of prices of all exported goods exceeds the sum amount of prices of all imported goods, the balance is considered positive. If, on the contrary, sum amount of imported goods exceeds sum amount of exported, the balance is considered negative.
Popular article: Wolfe Waves Indicator
Wolfe Waves – one of the numerous methods for market analysis. The method based on Wolfe Waves does not imply indicator, it uses wave analysis. An author of strategy is a professional trader and analyst Bill Wolfe. The difference of analysis based on Wolfe Waves from Elliot Wave Theory is that analysis is made on the spot, because marking is not required on high or low time-frames.
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