Forex encyclopedia

Stochastic oscillator – is a technical indicator designed by the president of "Investment Educators" corporation George C. Lane in the end of 1950-s. Stochastic estimates market momentum and shows position of present price against price range (between High and Low) for a definite time period. It is measured in per cent from 0 to 100. According to George C. Lane, “doesn't follow price, it doesn't follow volume or anything like that. It follows the speed or the momentum of price. As a rule, the momentum changes direction before price.”
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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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