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Random article: Psychological determination in trading
Psychology is considered to be one of three pillars in trading (along with trading strategy and money management), on which entire success of the Forex operations is based. That is exactly why it is crucial to have a proper psychological determination during trading time by controlling your emotions and preventing interference of emotions into decision making process. Prior to starting market analysis and setting yourself directly to trade, devote some time to a correct determination to work. First of all, give yourself a smile and try to relax. There if no use in a hurry, whereas a positive determination is crucial for trading.
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Popular article: Basics of Technical Analysis
By technical analysis we should basically understand employment of price chart (and results of its math interpretation) for further market and price forecast. Technical analysis rests upon repeated nature of market and implies that ups and downs of currency quotations on charts are rotated according to certain time periods. An advantage of technical analysis is its universal application: with its help one can research any financial contract for any period of time. The market accounts for everything. That means that any event, which could affect price behavior is already accounted by market and is reflected on the price chart. This proposition means that all factors impacting the price will be definitely reflected in its behavior, therefore, it is required to monitor quote graph.
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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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