Forex encyclopedia

Random article: Rate of Change (ROC)
Despite its simplicity, Rate of Change is a very efficient oscillator showing change of price between definite periods of time in the per cent form. ROC is measured by comparison between present price and previous price N periods ago. ROC periods can involve different intervals from minute to month.
Forex market has its driving forces. Such forces are participants of market. For clarity, it is accepted to divide them into several types: bulls, bears, pigs, rabbits, hogs, lambs. In this zoo, driving forces are exactly bulls and bears. Their clear intentions and determination can greatly influence currency rates. This terminology was adopted from stock market, where emotions play not the last role in movement of quotes, thus, analogy with animals and their typical behaviour provides a clear idea on psychology of market participant.
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