05.05 - AUD/USD gained traction for the second consecutive session
- George Solotarov
- Hits: 2401
04.05 - GBP/USD: Momentum has turned to the downside and pair takes downside direction
- George Solotarov
- Hits: 2885
FIBONACCI RETRACEMENT DEFINITION
- George Solotarov
- Hits: 14758
A Fibonacci retracement is a key technical analysis tool that uses percentages and horizontal lines, drawn onto price charts, to identify possible areas of support and resistance. Identifying these areas is useful to traders since it can help them decide when to open and close a position, or when to apply stops and limits to their trades.
FIAT CURRENCY DEFINITION
- George Solotarov
- Hits: 15103
A fiat currency is a national currency that is not pegged to the price of a commodity such as gold or silver. The value of fiat money is largely based on the public’s faith in the currency’s issuer, which is normally that country’s government or central bank.
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