Forex encyclopedia

Random article: Dow Jones Index
Dow Jones Index (abbreviated as DJI) was introduced by Charles Henry Dow in the end of the 19th century. Charles Dow was an editor of Wall Street Journal newspaper and a founder of Dow Jones & Company. This index was purposed to trace development of industry branch of the US stock markets, therefore it was named “industrial”. Originally it represented an arithmetic average of 12 largest stocks of American industrial companies. Over the years the number of constituent companies grew, and by this moment Dow Jones industrial includes indices of 30 largest companies of the USA representing a scaled average of their stock prices.
Popular article: Rate of Change (ROC)
ROC indicator relates to anticipating figures, however, in terms of logic, if price factor is removed from calculation, the indicator stops operation and anticipation does not work as well. Still the point of anticipation is the following: when trend starts losing its force and slows down, the indicator's values begin pivoting, whereas price still can continue its movement along trend. In other words, as many other oscillators, ROC shows divergence and convergence. Of course, many things depend on parameters chosen by trader.
New in Encyclopedia
Picture of the day
Exponential Moving Average. EMA Forex, Forex EMA
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!
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .