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Random article: Williams' Percent Range
Williams' Percent Range is a technical indicator of oscillator type showing overbought/oversold status on market. The first time it was described in 1973 by a famous trader Larry Williams. The indicator itself is very close to Stochastic Oscillator, but unlike Stochastic, WPR is not smoothed over with the help of moving average and has a reverse sale in order to not deprive sense of overbought (at the top) and oversold (downwards) zones.
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Popular article: Jamaican currency system and money exchange rates. Forex rates, fx rates
On August 15, 1971, the United States of America unilaterally declared of canceling of direct convertibility of its national currency to gold. It finished an epoch of Bretton Woods currency system, US dollar rate started floating and gold turned into independent asset. This event is known in the history as Nixon Shock, because despite of being long-expected, it was a total shock for the most part of countries. The world required several years from then on to develop and launch new rules for international trading.
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Financial Instruments: forward contracts, options trading etc.
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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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