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Random article: Fibonacci Time Zones
Fibonacci Time Zones is the subsequent row of vertical lines with Fibonacci intervals 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144 etc. This tool is used to define significant price changes on the basis of previous price fluctuations. The main point in drawing Fibonacci Time Zones is to correctly set starting and final points that will determine the length of a singular interval. To build vertical Fibonacci row in the MetaTrader 4 trading terminal, it is necessary to choose “Insert - Fibonacci Time Zones” in the toolbar and mark two pivots. Starting and ending points are usually marked on extreme values of prices (minimum - minimum, maximum - maximum, minimum – maximum and maximum - minimum).
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Popular article: What is Forex?
Forex is an international currency exchange. In accordance with the name, one can immediately determine that the main «products» here are the national currencies. The structure of the market is somewhat similar to the exchange office. Currency units are sold or bought, taking into account the value positions that exist at the current time. Due to the difference in exchange rates, you can make a significant profit if you buy or sell a certain currency at the appropriate times.
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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!
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