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Random article: Foreign Exchnage Market Defifnition
Each country emits its own currency. There are plenty of internal and external factors (inflation, deflation, governmental debts, governmental actions, political situation, economic relationship between large players), influencing stability of currency price and leading to its every minute growth or decline. Forex is a conventional financial market formed in 1970-s of 20th century in the result of switching to floating currency rate. Rapid evolution of technical communication means and computer equipment led to that banks started exchanging currency without mediation of currency exchanges via system of electronic payments.
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Popular article: Forex Entry Strategy
Entry opportunity is the time when a trader can open a position and has a higher probability to gain profit. Mostly, entry opportunities are considered only when a signal is formed. But, for every signal, there are more opportunities than just one. In short, as long as the highest or lowest point of the day isn't reached yet, you also have opportunities to open a position as many times as they are available. But how to calculate entry opportunities at a certain time? Let's use a pair with average daily range 100.0 pips, and price range between 0.00001 to 0.01000. Thus, a strategy with expected profit target of 30.0 will be: average daily range – expected profit = 100.0 – 30.0 = 70.0
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Fibonacci Expansion
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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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