Forex encyclopedia

Random article: How to trade Forex?
The Forex market has given many people financial independence and a chance to become a millionaire. Having long forgotten about working nine to five, professional traders just launch their terminal and start trading, making huge profits. Of course, due to all the incredible stories of people becoming millionaires, the financial market is a magnet for newcomers who want to get rich quickly. But from the very first seconds, you begin to realize that you're dealing with a complicated matter. You need to understand how to trade onForex and how to reach your goal.
By technical analysis we should basically understand employment of price chart (and results of its math interpretation) for further market and price forecast. Technical analysis rests upon repeated nature of market and implies that ups and downs of currency quotations on charts are rotated according to certain time periods. An advantage of technical analysis is its universal application: with its help one can research any financial contract for any period of time. The market accounts for everything. That means that any event, which could affect price behavior is already accounted by market and is reflected on the price chart. This proposition means that all factors impacting the price will be definitely reflected in its behavior, therefore, it is required to monitor quote graph.
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