Forex encyclopedia

Setting to Forex trading, people face many hindrances preventing them from earning. One of the main hindrances in trading is greed of trader. Even if traders elaborated their own view on market and gained a rather good experience of observation of trading situations, they often do not manage to overcome greed and under such conditions accomplishing stable profitable results is a rather hard goal. Let's consider the situation, when this impediment starts blocking: The most frequent moment is when upon opening position and setting Take Profit, trader sees that price moves well towards it and starts shifting this Take Profit hoping to take more than planned; each moment trader's appetite goes up. In the result, upon reversal of price, he cannot close it cause remembers that a while ago profit was higher and greed starts defeating trader. More often, this trader can close earlier profitable trade by Stop Loss because of hope that price will get back to previous profit point.
Popular article: Keltner Channel
Keltner Channel is an indicator of technical analysis, which is similar to Bollinger's. The indicator is based upon moving averages in the form of median moving value and an envelope, width of which is defined by change of price for an interval. This method was published in 1960 year in the book “How to make money in commodities” written by Chester W. Keltner. Later this indicator was updated by Linda Raschke with various averaging periods (exponential moving value) as well as by an Average True Range invented by Wilder for bands. Keltner Channel are used as signals of price breaks, figures of tendency, overbought and oversold figures for an asset. Such difference is crucial but despite that fact all those figures are called Keltner Channel thereby confusing everybody.
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