Forex encyclopedia

Random article: Trading the news
Trading the news is one of the easiest and most popular strategies on the Internet. Most of all, it is recommended to novice Forex traders, but many professional traders also trade the news. Its simplicity lures. What could be simpler? The trader looks through the economic calendar, chooses a highly volatile economic news, waits for its release, and then, trades according to the published data. If the rates are worse than expected, the trader sells the currency of the country, where the economic rate is negative and vice versa. However, even despite such simplicity, a trader can fail. The GBP / USD currency pair has always been considered one of the most difficult pairs to forecast, and April – May 2015 confirmed this.
Popular article: Equidistant Channel
Equidistant Channel represents two parallel trend lines, which serve as support and resistance lines for the price. Basically it is inclined trading range with the lines connecting highest and lowest prices. Prevailing tendency is defined by a trader. If trend is upward, the line should be built along two lowest points (bottom – bottom). In case of downward trend, the line is built along two highest points (top - top) Parallel line is built as distant as possible from the trend line. The result will be equidistant channel within the borders of which fluctuation of currency rate takes place.
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