Forex encyclopedia

What are the stories of the people who defined path of stock trading? Jesse Livermore, Larry Williams, Bill Williams forex, William Gann elaborated plenty of ideas for market which are still vital for our modern stock online trading. Gann, one of the most enigmatic and legendary traders in the world. He was born on June 6 of 1878 and died on June 18, 1955. His personality was surrounded by rumors including the opinion that he was a mason and a very rich person and an absolutely opposite opinion that the last years of his life he lived upon the income obtained from tutoring his apprentices and died in poverty; there are no reliable facts proving one or another opinion. At the same time, there are irrefutable facts proving his public transactions brought him good returns in the lifetime of Mr. Gann. This outstanding trader elaborated several instruments of technical analysis well-known to everyone as Gann angles, square 4, circle 360. His theory relies upon geometry and astrology. Gann was able to predict price and date of reversal within the accuracy one 1 day. Ralph Nelson Elliott, a famous American financier, the author of Elliot waves theory. He was born on July 28 of 1871 year and died in January of 1948. From 1929 year, at the age of 58 he withdrew from business because of illness and, in order to find an occupation within the breaks of attacks of illness, he devotes himself to studying stock markets. By May 1934 results of Mr. Elliot's observations had started to form an overall picture and on August 31 of 1938 year his first book “ The Wave Principle” was published.
The Forex market has many advantages and today it is the largest financial market in the world. Million of traders all over the world choose the foreign currency market due to the opportunities it gives. For people who want to work from home, currency trading is the best choice and we are going to explain why. High liquidity. Forex operates with enormous money funds, therefore, a trader has 24 hours’ opportunity to open or close position of almost any volume at the current price. Forex daily returns on average amounts to more than 3 trillion Us dollars (according to the Bank for International Settlements). And these volumes continue to grow. Easy to access. Due to electronic trading technologies, almost everyone can trade on the Forex market if he or she has the Internet access. You can make trades easily now: trading from home, a cafe, an airport, a taxi or a hotel is an ordinary thing.
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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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