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Random article: Candlestick Analysis
Forecasting the currency market by technical analysis consists of a variety of methods. One of them is the candlestick charts analysis. In this article we look at this kind of analysis. Directly the analysis of candlesticks and philosophy of this method was created in Japan in the XIII century. Its founder was a Japanese rice trader Homma Munehisa from Osaka. He traded on the rice stock exchange and tried to understand the psychology of buyers and sellers. Thanks to the timely warning heralds he received information about the slightest change in price, and thus quickly react to exchange events. This contributed to the fact that he was able to achieve unprecedented results - profit for one hundred consecutive transactions. In order for distinguished service Munehisa was awarded the title of samurai and received the right to be emperor adviser. His portrait can be seen on this picture.
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Popular article: Forex trading tips
Forex trading will require very significant time and financial expenses. A novice trader should understand that if he does not study certain variations of analyses and strategies, then he will not have to count on a serious profit at all. You can practice on a demo account and get a phenomenal profit there, without using any technical methods of analysis, without having a deep knowledge of the features of the market. But this does not mean that by opening a real account you will get the same results. Success, of course, plays an important role in the work of the trader, but do not forget that the trading process is based on the knowledge that allows you to analyze the situation in the market and make your bids correctly. Accordingly, novice traders will certainly need to learn the tips provided.
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Successful Forex Trading: Trading Discipline
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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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