Forex encyclopedia

Random article: Forex basics
Every day, the Forex market attracts great interest for the newcomers. Many people try to get rich in the foreign exchange market, because in some instructions it may seem so simple. But without the basic concepts, the beginner simply cannot succeed, he will not be able to work in the foreign exchange market, he will not be able to control the purse strings properly, he will not be able to make the right deal. And, at least, you should have a certain amount of knowledge, only then you can safely take the first steps to meet your incredible success.
Technical levels are one of the crucial elements of technical analysis on the Forex market. Technical levels represent a certain value approaching which the price faces resistance in further movement. On the chart it is pictured as zone (level), where price went and bounced off later, repeated its movement to the level again and without being able to pass it bounced off. Such approaching and returns can take place on a repeated basis and the more efforts are made, the stronger price level we have.
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