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Random article: Fibonacci Chart
From this article you will learn the history of Fibonacci numbers and, in particular, their role in chart analysis of the Forex market. Leonardo Fibonacci (Leonardo Pisano) – is a famous Italian mathematician who lived in XIII century. He got acknowledgment as a great person following to publication of his work “Liber Abaci”. The book was issues in 1202, the second revised edition – in 1228, which remained till our time. His work introduced Hindu-Arabic number system to Europeans. It greatly contributed to such branches of science as physics, maths, astronomy, biology etc. Fibonacci sequence allows to interpret various natural phenomenon and forms, whereas “golden ration”, according to Johannes Kepler, is one of the treasuries of geometry.
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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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CGPI Japan Corporate Goods Price Index
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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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