Forex encyclopedia

One of the main qualities for a Forex trader is Patience. We should stick to a trading plan and control our emotions every day. We should not plan to take all from the market, we are here for a small piece from the price fluctuation. It is very difficult to stick to this attitude, but practice makes perfect. Once we keep on doing the same, our subconscious mind would automatically place the right order. Do not pressurize yourself or fix any targets in trading. Just trade and stick to your plan. Your mind should be fixed and never panic thinking about something. Making a consistent profit in first few weeks and losing everything at end of the month makes no sense.

Jobless claims is an economic indicator used in fundamental analysis of the Forex market. It shows number of people in the USA, who submitted their initial claim for unemployment benefit. The data on initial claims is published every week on Thursdays at 08:30 a.m EST. The statistics on other countries is also published on a weekly basis, but at present are less indicative for experts than the US data. In particular, analysts pay attention to Jobless claims figure in Great Britain, which is published at 08:30 a.m at London time.