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Founded by Israeli entrepreneur Dror Efrat in 2007 as Forexpros, [14] the portal offered forex analysis, a broker directory, and a discussion forum in English, Spanish, Hebrew and Arabic. [15] During 2008–2009, more editions were added, and the platform expanded its offering from Forex data to encompass other financial instruments.
Provided free by brokerages for real-time online trading and as Demo (practice trading) accounts. This provides trade operations, charts and technical analysis in real time. The internal C -like programming language allows users to program trading strategies, indicators and signals. 50 basic indicators are included, each of which can be further ...
It is also a technical indicator used in the technical analysis of foreign exchange market (Forex). It is intended to chart the current and historical strength or weakness of a currency based on the closing prices of a recent trading period. It is based on the relative strength index and mathematical decorrelation of 28 cross currency pairs.
A candlestick chart (also called Japanese candlestick chart or K-line) is a style of financial chart used to describe price movements of a security, derivative, or currency. While similar in appearance to a bar chart, each candlestick represents four important pieces of information for that day: open and close in the thick body, and high and ...
A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market.The currency that is used as the reference is called the counter currency, quote currency, or currency [1] and the currency that is quoted in relation is called the base currency or transaction currency.
[55] [56] Sometime during 1981, the South Korean government ended Forex controls and allowed free trade to occur for the first time. During 1988, the country's government accepted the IMF quota for international trade. [57] Intervention by European banks (especially the Bundesbank) influenced the Forex market on 27 February 1985. [58]
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