Forex encyclopedia

Current account balance of the state represents the difference between the amount of payments transferred abroad and amounts of payments coming from abroad. If external payments exceeds payments sent to other states and international organizations, then current balance is called active (surplus takes place), in the opposite case it is stated that negative balance emerged (credit balance). Value of current account is published quarterly, in the middle of the month around 10:00 a.m EST (New York). Market respond to published value is minor. Active balance is a positive factor for national currency.

By doing backtesting manually and studying price movement bar by bar, a trader stores price movement data in his/her brain one after another. When the brains receive enough similar data over a period of time, it automatically sorts them out and tags certain data with certain similarities while discarding the rest. Thus, over time, when a new data enters what a trader sees in his/her chart, if it has a close similarities as the tagged ones, the brain kicks up. As the result, a mentioned trader feels he/she recognized the price movement and its possibilities. Thus the trader has built his/her trader's instinct.