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-: Infobox :-

The international currency market FOREX appeared at the early 70th of the XX century as a result of origin of the system of floating courses of national currencies (since March 1973). Importers and exporters and bank structures connected with them were forced to become the regular participants of currency market, as the changes of courses of currencies showed their financial performances both with positive and from a negative side... read more >>

Some more facts about trends

At a descending or "bear" tendency (down) every subsequent peak and slump will be below, than previous. Such determination of tendency is fundamental and serves as a starting point in the analysis of tendencies. A falling down tendency is determined by the sequence of more low maximums of prices. It is possible to speak about a "bear" tendency, that "bears" control a market and joggle prices below.

Lateral, or horizontal trend is characterized by absence of the brightly expressed ascending or descending tendency of motion of prices at the market. At lateral trend's prices hesitate in a horizontal range, in neighboring of the mean value.

Fast determination of trends gives an ability to prognosticate future behavior of the market-members in the long-term period as well as in the short one.

We must admit that very often nearly half of the traders lose up to 95%, but the good news can be the ability to reach a good result when following trends. There is also a practice of the so-called "Japanese candles" which provide the long-term prognostication if you use them in a short-time period (though it sounds strange, but it's true). And then with a part of effort you can have enough money. You simply have to realize what you will do (and forget the automatic way or those mentors who try to tell what to do while following them). Understanding is useful for your own success; but when you put an effort in, your rewards can be large enough in the period.

-: News :-

01// As well as any market, FOREX has the participants: they are persons accomplishing transactions and intermediary operations. Central banks take part as members. The management by currency backlogs, conducting of currency interventions having influence on the level of exchange rate, is included in their function, and also adjusting of level of interest rates on the investments in national currency.

02// International corporations, carrying out foreign trade operations, companies participating in international trade is steady demand produced on foreign currency (in part of importers) and suggestion of currency (exporters), and also placed and attracted free currency tailings in short-term deposits. Thus these organizations of direct access to the currency market, as a rule, do not have and conduct conversion and deposit operations through commercial banks.

03// Functioning of currency markets is not halted not even for a minute. In calendar days they start working at Far East, in New Zealand (Wellington), passing time zones consistently - in Sidney, Tokyo, Hong Kong, Singapore, Moscow, Frankfurt-on-Mein, London and finishing day in New York and Los Angeles. Counting out of time zones is conducted from a zero-meridian passing through Greenwich (suburb of London), and time carries the name of world or GMT - Greenwich Mean Time.

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