Forex encyclopedia

Russian National Association of Securities Market Participants (NAUFOR) currently undertakes an active part in elaborating suggestions related to Forex regulation in Russia. Russian National Association of Securities Market Participants (NAUFOR) is a Russian Self-regulatory organization including companies with licenses of a professional participant of securities market or management company. History of this regulating body contains several stages. In 1994 year 15 companies having top positions on stock exchange market united within framework of Professional Association of Securities Market Participants setting its main goal in introducing unified rules of processing finance documents and supporting information openness in financial sphere. On November 30th of 1995 year Russian Self-regulatory organization was declared, whereas June, 21, 1996 is considered its official date of registration. By the moment Federal Financial Markets Service and NAUFOR represent an example of 2-level structure purposed to regulate financial market, which can be employed for the Forex market.
Popular article: Japanese Candlesticks
Trading with financial instruments on the Forex, a trader will always use price charts to analyze and predict movement of prices in the market. The simplest price chart is a line graph. It shows rates by one line. But there are other kinds of graphs that are more informative, for example, a Japanese candlesticks chart. It is not difficult to guess that historically Japanese candlesticks chart appeared in Japan in the XIII century. Candlesticks are used to display price quotations rates, commodity prices, stocks and others. "Japanese candlesticks" type of chart is often called configuration of interval and line graphics, because each element displays a range of changes in price for a certain period of time, for example, minutes, hours, days, weeks. Nowadays, they are one of the most popular methods for representing price movement.
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