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Random article: Productivity
Productivity index represents production output of the state per one worker. This index is widely applied in analysis of current economic conditions of the state. Productivity value is published once every three months, till 10th of every month at 08:30 a.m EST (New York). Market respond to publication is rather significant. Though sometimes this value is able to misguide about real economic conditions. For example, during strikes or under stagnancy the number of employees decreases leading to growth of productivity despite negative processes in the economy. As for the rest, growth of index is positive for national currency and progressive development of the economy.
We always hear people saying to control our emotions and trade carefully but we never understand them until we realize what they mean in fact. Below we will discuss this issue in details. Consider an example where we know how emotions lead you to lose: Suppose you have $500 of capital and you are trading. You took a high risk and thus you have lost $200. What finally remained is $300, you get frustrated and open again with an even more risky trade. Again you lose and come to $100. By following the same pace, you will end with zero balance. Let's analyze. You started with capital of $500 and lost $200 with $300 remaining. Your intention is to recover losses immediately and this is what we call an emotion. You have only thought of recovering money and you do not even think whether that situation is suitable for opening a trade or not.
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Forex encyclopedia “Clever FX” is the unique project created by “FreshForex” company to introduce fascinating world of Forex activity to traders. The point of this clever project is to share the knowledge base of experienced traders with beginners in easy and convenient form. At the same time, transliteration of the English world “clever” into Russian language (which is the origin language of this encyclopedia) gives the word “clever” in Russian which is translated as “clover”. This word means “luck” needed so much in trading! Here everyone of you will find something new. If you are an experienced trader, we invite you writing an article for “Clever FX”. In the near future we plan to embrace all crucial topics of Forex trading and rely on your help a lot. Let's write Forex history together!
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