Forex encyclopedia

For a beginner, learning Candlestick charting can be a daunting task with so many formations to remember. But, in reality, a trader can can dismiss all of continuation formations as well as many reversal ones. These days, any trader can rely on just four Candlestick Reversal Formations to survive the market. The four of them are: 1. Harami or Inside Bar In this formation, the current candle/bar open and close within, or enclosed by, previous candle range, as shown by the following picture:
On August 15, 1971, the United States of America unilaterally declared of canceling of direct convertibility of its national currency to gold. It finished an epoch of Bretton Woods currency system, US dollar rate started floating and gold turned into independent asset. This event is known in the history as Nixon Shock, because despite of being long-expected, it was a total shock for the most part of countries. The world required several years from then on to develop and launch new rules for international trading.
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Financial Instruments: forward contracts, options trading etc.
Forex encyclopedia
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