Forex encyclopedia

MiFID (Markets in Financial Instruments Directive) set common market of financial services and unified standards for activity of investment companies in the European Union. This law is the part of EU plan aimed to create a common European market of financial services. Directive includes measures purposed to change and improve arrangement and operation of investment companies. Apart from requirements for transparency of transactions with securities, this paper expands range of instruments requiring authorization as well as provides investment companies with an opportunity to set branches in other countries of the European Union when license from national regulator is acquired.
Popular article: Kagi charts
Kagi chart is one of the ways how quotes of financial instrument (currency, good, security) may be rendered. Kagi chart line follows the price in one direction until the tendency changes. Upon breakup of tendency, price moves to the right and a new Kargi line is built in the opposite direction, the second line is connected with the previous, horizontal bridge in the reversal point.
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