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Random article: Japanese Candlestick Chart
In general, the candlestick charting technique originated in Japan in the XIII century. Its founder was the Japanese rice dealer Munehisa Homma from Osaka. He traded on the rice exchange and sought to understand the psychology of sellers and buyers. Thanks to the herald alert system, he promptly received information about the slightest price changes, and, accordingly, responded as quickly as possible. This contributed to the fact that he was able to achieve unprecedented results and make a profit on a hundred transactions in a row. Munehisa was awarded the title of samurai for his outstanding services and received the right to be an adviser to the emperor. You can see his portrait in this picture.
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Popular article: Jamaican currency system and money exchange rates. Forex rates, fx rates
On August 15, 1971, the United States of America unilaterally declared of canceling of direct convertibility of its national currency to gold. It finished an epoch of Bretton Woods currency system, US dollar rate started floating and gold turned into independent asset. This event is known in the history as Nixon Shock, because despite of being long-expected, it was a total shock for the most part of countries. The world required several years from then on to develop and launch new rules for international trading.
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Financial Instruments: forward contracts, options trading etc.
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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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