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Random article: Swap Forex
Swap – is the retention or accrual amount settled in the process of overnight rollover of a trading position. Swaps are measured in pips and depend on direction of opened position and on the difference in the interest rates of Central Banks of states, which currencies constitute currency pair. Settlement and fixation of swaps take place in the last minutes of a trading day as per time of server (from 11:59 p.m to 00:00). Also there is a rule settling triple swaps for rollover from Wednesday to Thursday night, whereas swaps incurred from Friday to Monday are taken as for one time. If rollover of a position takes place during holidays, when the market is closed, swaps are respectively computed for the number of holidays falling to business days.
According to official sources, the Pareto Principle was named after the economist and sociologist Vilfredo Pareto, who was born in Paris in 1848, but was Italian by nationality. From 1906, he began to notice certain economic patterns. For example, he noted that 80% of the land in Italy belonged to 20% of the population. Then, he formulated the principle, noting that 20% of the pods in his garden contained 80% of the peas. These and other regularities led to the fact that Vilfredo Pareto developed the “80/20 Rule”, which in general form looked as follows: 80% of the effects come from 20% of the causes.
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