The accelerator oscillator, introduced by trader Bill M. Williams in his book Trading Chaos (Marketplace Books by John Wiley & Sons, 1995) measures the acceleration or deceleration of momentum—the rate of change in the “current driving force”—in the price action of a currency pair. For the mathematically inclined, the equation in two parts is:
AO = […]

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Why do some forex traders empty their accounts within a few months while others earn honest or even significant profits? What character traits comprise the effective forex trader? More importantly, what can the currently ineffective trader do to change that status?
The ability to shrug off a financial loss, possibly a substantial one, without allowing the […]

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