Forex encyclopedia

It is an open secret that the most part of freshmen coming to the Forex lose their deposit in their first trading year. Some statistics shows that in percentage terms it is up to 95% from all beginning traders. A bunch of material on technical analysis and recommendations on preservation capital are in circulation and novices primarily focus on studying these works. Forex psychology in their education program is considered an afterthought and fades in the insignificance. In practice, having a good knowledge of Money Management, excellent trading system and serious capital, novices get to lose all their capital.
International exchange market (Currency exchange) — is the exchange, where operations on purchase and sale of currency take place between participants of the Forex market; Currency operations – contracts of participants of currency market on purchase and sale and settlement, conversion operations etc.; Currency rate (currency quote) — the price of currency unit of one country expressed in currency unit of another country. Open position – is the trade for purchase/sale, which is not closed and is present on market.
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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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