Forex encyclopedia

On the way of trader's formation starting from acquaintance with trading platforms and to the moment of getting stable Forex profit, trader's psychology undergoes through cardinal changes. In other words, psychology of a specific trader evolves according to the market so that trader starts getting positive results. Let's analyze main stages of that evolution.
Popular article: Chicago PMI Definition
Purchasing Managers' Index of Chicago (Chicago PMI) represents a summary report of surveying Chicago managers specializing in industrial purchases. Obtained results allow evaluating current conditions of manufacturing orders, inventories as well as price dynamics in this manufacturing field. Should the final value be under “45-50” level, it tells about negative economic tendencies. This index is announced on a monthly basis on the last business day at 10:00 a.m EST (New York). Its market influence is strong, because forecast of PMI published later depend on the index. Growht of Chicago PMI is accompanies by consolidation of national currency.
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