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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.
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Popular article: Unemployment Rate: Non-Farm Payrolls and Forex
Unemployment rate is the total amount of able-bodied population expressed as relative quantity. The level itself is calculated as follows. Every month Bureau of Labor Statistics of the U.S. Department of Labor conducts survey of 60 000 households and more than 375 000 enterprises - the establishment survey. Fundamentals of surveys include such statistical data as: For Household survey: age, sex, marital status, employment status. For the Establishment survey: average weekwork, average hour earnings, wages.
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Picture of the day
The Many Faces of Greed
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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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