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Random article: Japanese Candlestick Chart
In general, the candlestick charting technique originated in Japan in the XIII century. Its founder was the Japanese rice dealer Munehisa Homma from Osaka. He traded on the rice exchange and sought to understand the psychology of sellers and buyers. Thanks to the herald alert system, he promptly received information about the slightest price changes, and, accordingly, responded as quickly as possible. This contributed to the fact that he was able to achieve unprecedented results and make a profit on a hundred transactions in a row. Munehisa was awarded the title of samurai for his outstanding services and received the right to be an adviser to the emperor. You can see his portrait in this picture.
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Popular article: IP Index - Industrial Production Index
Industrial production index (IP) is an indicator characterizing industrial output in mining, manufacturing, energy-savings and utilities. The index reflects growth or decline in manufacture and services in the USA without account of construction segment. It is also known as “net output” and is expressed as percentage. Industrial production takes about 40% of the US economy and is closely related with such figure as GDP. Advantage of index is that it only accounts for industrial output rather than its monetary value. It makes the index one of major indicators of national economy condition and an important fundamental influencing currency rate. Growth of indicator means consolidation of the economy and contributes to upsurge of the American currency.
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DCLG HPI (House Price Index)
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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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