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.
This economic index is measured for wages and unemployment benefits in the USA. It can tell about occurrence of inflation processes in the state economy. FRS closely watches this indicator and based on its value adjusts its financial policy, which confirms its high significance. The Index is published quarterly, at 20-s, at 08:30 a.m EST (New York). Published data is used for middle- and long-term forecast. Rise in index in the period of expectations of growing major interest rates leads to consolidation of national currency.
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Bretton Woods Agreement and Gold Standard
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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