{"id":98347,"date":"2025-01-06T08:18:00","date_gmt":"2025-01-06T08:18:00","guid":{"rendered":"https:\/\/expforex.com\/forex-for-beginners-part-4\/"},"modified":"2025-04-07T11:14:11","modified_gmt":"2025-04-07T11:14:11","slug":"forex-for-beginners-part-4","status":"publish","type":"post","link":"https:\/\/expforex.com\/ar\/forex-for-beginners-part-4\/","title":{"rendered":"\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0641\u0648\u0631\u0643\u0633 \u0644\u0644\u0645\u0628\u062a\u062f\u0626\u064a\u0646 \u0627\u0644\u062c\u0632\u0621 4: \u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u060c \u0627\u0644\u0623\u0633\u0639\u0627\u0631"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-\u0627\u0644\u062a\u062d\u0644\u064a\u0644-\u0627\u0644\u0623\u0633\u0627\u0633\u064a-\u0644\u0633\u0648\u0642-\u0627\u0644\u0641\u0648\u0631\u0643\u0633-forex\">\u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u0644\u0633\u0648\u0642 \u0627\u0644\u0641\u0648\u0631\u0643\u0633 (FOREX)<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u0623\u0635\u0628\u062d \u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u064a\u0648\u0645 \u0646\u0634\u0627\u0637\u0627\u064b \u0634\u0627\u0626\u0639\u0627\u064b \u0644\u0644\u063a\u0627\u064a\u0629: \u062d\u064a\u062b \u064a\u0635\u0644 \u062d\u062c\u0645 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u064a\u0648\u0645\u064a \u0641\u064a \u0633\u0648\u0642 <strong>\u0641\u0648\u0631\u0643\u0633 (FOREX)<\/strong> \u0627\u0644\u0639\u0627\u0644\u0645\u064a \u0625\u0644\u0649 \u062d\u0648\u0627\u0644\u064a \u062a\u0631\u064a\u0644\u064a\u0648\u0646\u064a \u062f\u0648\u0644\u0627\u0631\u060c \u0648\u062a\u0634\u0643\u0644 \u0627\u0644\u0639\u0645\u0644\u064a\u0627\u062a <strong>\u0627\u0644\u0645\u0636\u0627\u0631\u0628\u0629 (speculative operations)<\/strong> \u062d\u0648\u0627\u0644\u064a 80% \u0645\u0646 \u062c\u0645\u064a\u0639 \u0627\u0644\u0635\u0641\u0642\u0627\u062a.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u064a\u062c\u0630\u0628 \u0647\u0630\u0627 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0627\u0644\u0645\u0634\u0627\u0631\u0643\u064a\u0646\u060c \u0633\u0648\u0627\u0621 \u0643\u0627\u0646\u062a <strong>\u0627\u0644\u0645\u0624\u0633\u0633\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629<\/strong> \u0623\u0648 <strong>\u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u0648\u0646 \u0627\u0644\u0623\u0641\u0631\u0627\u062f<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0627\u0644\u0623\u0633\u0628\u0627\u0628 \u0648\u0627\u0636\u062d\u0629 \u0625\u0644\u0649 \u062d\u062f \u0628\u0639\u064a\u062f\u061b \u0639\u0644\u0649 \u0633\u0628\u064a\u0644 \u0627\u0644\u0645\u062b\u0627\u0644\u060c \u0625\u0644\u064a\u0643\u0645 \u0639\u0628\u0627\u0631\u0629 \u0645\u0646 \u0645\u0642\u0627\u0644 \u0641\u064a \u0645\u062c\u0644\u0629 <strong>FUTURES<\/strong> (\u0625\u0646\u062c\u0644\u062a\u0631\u0627\u060c \u064a\u0648\u0646\u064a\u0648 1996): <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">&#8220;\u064a\u0645\u0643\u0646 \u0644\u0645\u062a\u062f\u0627\u0648\u0644 \u0643\u0641\u0621 \u0623\u0646 \u064a\u062d\u0635\u0644 \u0639\u0644\u0649 \u0623\u0643\u062b\u0631 \u0645\u0646 1,000,000 \u062f\u0648\u0644\u0627\u0631 \u0633\u0646\u0648\u064a\u0627\u064b \u0639\u0644\u0649 \u0634\u0643\u0644 \u0631\u0627\u062a\u0628 \u0648\u0639\u0645\u0648\u0644\u0627\u062a.&#8221;<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u064a\u062a\u0632\u0627\u064a\u062f \u062d\u062c\u0645 \u0627\u0644\u0635\u0641\u0642\u0627\u062a \u0641\u064a \u0633\u0648\u0642 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0639\u0627\u0644\u0645\u064a \u0628\u0627\u0633\u062a\u0645\u0631\u0627\u0631.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0648\u064a\u0631\u062c\u0639 \u0630\u0644\u0643 \u0625\u0644\u0649 \u062a\u0637\u0648\u0631 \u0627\u0644\u062a\u062c\u0627\u0631\u0629 \u0627\u0644\u062f\u0648\u0644\u064a\u0629 \u0648\u0625\u0644\u063a\u0627\u0621 \u0627\u0644\u0642\u064a\u0648\u062f \u0639\u0644\u0649 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0641\u064a \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0627\u0644\u0628\u0644\u062f\u0627\u0646.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0628\u0644\u063a \u062d\u062c\u0645 \u0639\u0645\u0644\u064a\u0627\u062a \u0627\u0644\u062a\u062d\u0648\u064a\u0644 \u0627\u0644\u064a\u0648\u0645\u064a\u0629 \u0639\u0627\u0644\u0645\u064a\u0627\u064b \u0641\u064a \u0645\u0646\u062a\u0635\u0641 \u0639\u0627\u0645 1998 \u062d\u0648\u0627\u0644\u064a 1.982 \u062a\u0631\u064a\u0644\u064a\u0648\u0646 \u062f\u0648\u0644\u0627\u0631 (\u062d\u064a\u062b \u0634\u0643\u0644\u062a \u0623\u0633\u0648\u0627\u0642 \u0644\u0646\u062f\u0646 \u062d\u0648\u0627\u0644\u064a 32% \u0645\u0646 \u062d\u062c\u0645 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u064a\u0648\u0645\u064a\u060c \u0628\u064a\u0646\u0645\u0627 \u0628\u0644\u063a \u062d\u062c\u0645 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0641\u064a \u0646\u064a\u0648\u064a\u0648\u0631\u0643 \u062d\u0648\u0627\u0644\u064a 18% \u0648\u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0623\u0644\u0645\u0627\u0646\u064a\u0629 10%). \u0644\u064a\u0633 \u0641\u0642\u0637 \u062d\u062c\u0645 \u0627\u0644\u0635\u0641\u0642\u0627\u062a \u0628\u062d\u062f \u0630\u0627\u062a\u0647 \u0645\u062f\u0647\u0634\u0627\u064b\u060c \u0628\u0644 \u0623\u064a\u0636\u0627\u064b \u0627\u0644\u0633\u0631\u0639\u0629 \u0627\u0644\u062a\u064a \u064a\u062a\u0637\u0648\u0631 \u0628\u0647\u0627 \u0627\u0644\u0633\u0648\u0642.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0641\u064a \u0639\u0627\u0645 1977\u060c \u0643\u0627\u0646 \u062d\u062c\u0645 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u064a\u0648\u0645\u064a 5 \u0645\u0644\u064a\u0627\u0631\u0627\u062a \u062f\u0648\u0644\u0627\u0631\u061b \u0648\u0628\u0639\u062f \u0639\u0634\u0631 \u0633\u0646\u0648\u0627\u062a\u060c \u0646\u0645\u0627 \u0625\u0644\u0649 600 \u0645\u0644\u064a\u0627\u0631 \u0648\u0648\u0635\u0644 \u0625\u0644\u0649 \u062a\u0631\u064a\u0644\u064a\u0648\u0646 \u062f\u0648\u0644\u0627\u0631 \u0641\u064a \u0639\u0627\u0645 1992.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u062a\u0635\u0644 \u0642\u064a\u0645\u0629 \u0639\u0645\u0644\u064a\u0627\u062a \u0623\u0643\u0628\u0631 \u0627\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u062f\u0648\u0644\u064a\u0629 \u0625\u0644\u0649 \u0645\u0644\u064a\u0627\u0631\u0627\u062a \u0627\u0644\u062f\u0648\u0644\u0627\u0631\u0627\u062a \u064a\u0648\u0645\u064a\u0627\u064b.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0623\u062d\u062c\u0627\u0645 \u0627\u0644\u0635\u0641\u0642\u0627\u062a \u0627\u0644\u0646\u0645\u0648\u0630\u062c\u064a\u0629 \u0641\u064a \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0628\u064a\u0646 \u0627\u0644\u0628\u0646\u0648\u0643 \u062a\u0628\u0644\u063a <strong>10 \u0645\u0644\u0627\u064a\u064a\u0646 \u062f\u0648\u0644\u0627\u0631<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0648\u0628\u0641\u0636\u0644 \u0627\u0644\u062a\u0637\u0648\u0631 \u0627\u0644\u0633\u0631\u064a\u0639 \u0644\u062a\u0642\u0646\u064a\u0627\u062a \u0627\u0644\u0645\u0639\u0644\u0648\u0645\u0627\u062a \u0641\u064a \u0627\u0644\u0639\u0642\u062f\u064a\u0646 \u0627\u0644\u0645\u0627\u0636\u064a\u064a\u0646\u060c \u062a\u063a\u064a\u0631 \u0634\u0643\u0644 \u0627\u0644\u0633\u0648\u0642 \u0628\u0634\u0643\u0644 \u062c\u0630\u0631\u064a.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0643\u0627\u0646\u062a \u0645\u0647\u0646\u0629 \u0648\u0633\u064a\u0637 \u0627\u0644\u0639\u0645\u0644\u0627\u062a\u060c \u0627\u0644\u062a\u064a \u0643\u0627\u0646\u062a \u062a\u062d\u064a\u0637 \u0628\u0647\u0627 \u0647\u0627\u0644\u0629 \u0645\u0646 \u0627\u0644\u063a\u0645\u0648\u0636\u060c \u062a\u0628\u062f\u0648 \u0634\u0628\u0647 \u062c\u0645\u0627\u0647\u064a\u0631\u064a\u0629 \u0627\u0644\u064a\u0648\u0645.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0623\u0635\u0628\u062d\u062a \u0635\u0641\u0642\u0627\u062a \u0627\u0644\u0639\u0645\u0644\u0627\u062a\u060c \u0627\u0644\u062a\u064a \u0643\u0627\u0646\u062a \u0641\u064a \u0627\u0644\u0633\u0627\u0628\u0642 \u062d\u0643\u0631\u064b\u0627 \u0639\u0644\u0649 \u0623\u0643\u0628\u0631 \u0627\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u0627\u062d\u062a\u0643\u0627\u0631\u064a\u0629\u060c \u0645\u062a\u0627\u062d\u0629 \u0627\u0644\u0622\u0646 \u0644\u0644\u062c\u0645\u0647\u0648\u0631 \u0628\u0641\u0636\u0644 \u0623\u0646\u0638\u0645\u0629 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0625\u0644\u0643\u062a\u0631\u0648\u0646\u064a (Electronic trading systems).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u062d\u062a\u0649 \u0623\u0646 \u0623\u0643\u0628\u0631 \u0627\u0644\u0628\u0646\u0648\u0643 \u063a\u0627\u0644\u0628\u0627\u064b \u0645\u0627 \u062a\u0641\u0636\u0644 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0639\u0628\u0631 \u0627\u0644\u0623\u0646\u0638\u0645\u0629 \u0627\u0644\u0625\u0644\u0643\u062a\u0631\u0648\u0646\u064a\u0629 \u0639\u0644\u0649 \u0627\u0644\u0635\u0641\u0642\u0627\u062a \u0627\u0644\u062b\u0646\u0627\u0626\u064a\u0629 \u0627\u0644\u0641\u0631\u062f\u064a\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0627\u0644\u064a\u0648\u0645\u060c \u062a\u0634\u0643\u0644 \u0623\u0646\u0638\u0645\u0629 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0625\u0644\u0643\u062a\u0631\u0648\u0646\u064a \u062d\u0648\u0627\u0644\u064a 11% \u0645\u0646 \u0625\u062c\u0645\u0627\u0644\u064a \u062d\u062c\u0645 \u062a\u062f\u0627\u0648\u0644 \u0633\u0648\u0642 <strong>\u0641\u0648\u0631\u0643\u0633 (FOREX)<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0641\u064a \u0627\u0644\u0633\u0646\u0648\u0627\u062a \u0627\u0644\u0623\u062e\u064a\u0631\u0629\u060c \u062a\u0648\u0633\u0639\u062a \u0641\u0631\u0635 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0635\u063a\u064a\u0631\u0629 \u0648\u0627\u0644\u0623\u0641\u0631\u0627\u062f \u0644\u0644\u0645\u0634\u0627\u0631\u0643\u0629 \u0641\u064a \u0633\u0648\u0642 <strong>\u0641\u0648\u0631\u0643\u0633 (FOREX)<\/strong> \u0628\u0634\u0643\u0644 \u0647\u0627\u0626\u0644. \u0648\u0628\u0641\u0636\u0644 \u0646\u0638\u0627\u0645 <strong>\u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0628\u0627\u0644\u0647\u0627\u0645\u0634 (Margin Trading)<\/strong>\u060c \u0623\u0635\u0628\u062d \u0627\u0644\u062f\u062e\u0648\u0644 \u0625\u0644\u0649 \u0627\u0644\u0633\u0648\u0642 \u0645\u062a\u0627\u062d\u0627\u064b \u062d\u062a\u0649 \u0628\u0631\u0623\u0633 \u0645\u0627\u0644 \u0635\u063a\u064a\u0631. \u062a\u062a\u0637\u0644\u0628 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u0645\u0642\u062f\u0645\u0629 \u0644\u062e\u062f\u0645\u0627\u062a \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0628\u0627\u0644\u0647\u0627\u0645\u0634 \u0625\u064a\u062f\u0627\u0639\u0627\u064b \u062a\u0623\u0645\u064a\u0646\u064a\u0627\u064b \u0648\u062a\u0633\u0645\u062d \u0644\u0644\u0639\u0645\u064a\u0644 \u0628\u0625\u062c\u0631\u0627\u0621 \u0635\u0641\u0642\u0627\u062a \u0644\u0634\u0631\u0627\u0621 \u0648\u0628\u064a\u0639 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0628\u0645\u0628\u0627\u0644\u063a \u062a\u062a\u0631\u0627\u0648\u062d \u0628\u064a\u0646 40 \u0625\u0644\u0649 100 \u0636\u0639\u0641 \u0642\u064a\u0645\u0629 \u0627\u0644\u0625\u064a\u062f\u0627\u0639. \u064a\u062a\u062d\u0645\u0644 \u0627\u0644\u0639\u0645\u064a\u0644 \u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u062e\u0633\u0627\u0631\u0629\u060c \u0628\u064a\u0646\u0645\u0627 \u064a\u0633\u062a\u062e\u062f\u0645 \u0627\u0644\u0625\u064a\u062f\u0627\u0639 \u0643\u0636\u0645\u0627\u0646 \u0644\u062a\u0623\u0645\u064a\u0646 \u0627\u0644\u0634\u0631\u0643\u0629. \u0623\u0635\u0628\u062d \u0633\u0648\u0642 <strong>\u0641\u0648\u0631\u0643\u0633 (FOREX)<\/strong> \u0641\u064a \u0645\u062a\u0646\u0627\u0648\u0644 \u0627\u0644\u062c\u0645\u064a\u0639 \u062a\u0642\u0631\u064a\u0628\u0627\u064b\u060c \u0648\u062a\u062d\u0627\u0648\u0644 \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u062c\u0630\u0628 \u0623\u0645\u0648\u0627\u0644 \u0627\u0644\u0639\u0645\u0644\u0627\u0621 \u0625\u0644\u064a\u0647.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0641\u064a \u0627\u0644\u0648\u0642\u062a \u0646\u0641\u0633\u0647\u060c \u064a\u064f\u0639\u062a\u0628\u0631 \u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0645\u062a\u0627\u062d\u0627\u064b \u062c\u062f\u0627\u064b \u0625\u0630\u0627 \u0643\u0627\u0646 \u0644\u062f\u064a\u0643\u060c \u0639\u0644\u0649 \u0633\u0628\u064a\u0644 \u0627\u0644\u0645\u062b\u0627\u0644\u060c 1,000 \u062f\u0648\u0644\u0627\u0631 \u0641\u0642\u0637\u060c 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\u0627\u0644\u0646\u062a\u064a\u062c\u0629 \u0627\u0644\u0641\u0639\u0644\u064a\u0629 \u0644\u0644\u0639\u0645\u0644\u064a\u0629 \u0623\u0648 \u0627\u0644\u0645\u0634\u0631\u0648\u0639 \u063a\u0627\u0644\u0628\u0627\u064b \u0645\u0627 \u062a\u062e\u062a\u0644\u0641 \u0639\u0646 \u0627\u0644\u0645\u062e\u0637\u0637 \u0644\u0647\u0627. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u064a\u064f\u0639\u062a\u0642\u062f \u0623\u0646 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0641\u064a \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 (<strong>\u0627\u0644\u0645\u0636\u0627\u0631\u0628\u0629<\/strong>) \u064a\u064f\u0639\u062a\u0628\u0631 \u0646\u0634\u0627\u0637\u0627\u064b \u0645\u062d\u0641\u0648\u0641\u0627\u064b \u0628\u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0646\u0638\u0631\u0627\u064b \u0644\u062a\u0639\u0642\u064a\u062f \u0648\u0633\u0644\u0648\u0643\u064a\u0627\u062a \u0627\u0644\u0633\u0648\u0642 \u063a\u064a\u0631 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\u0648\u0628\u0631\u0627\u0645\u062c \u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0645\u062a\u064a\u0646\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0641\u064a \u0627\u0644\u0648\u0627\u0642\u0639\u060c \u064a\u062f\u0631\u0643 \u0643\u0644 \u0645\u0646 \u064a\u0634\u0627\u0631\u0643 \u0641\u064a \u0623\u064a \u0646\u0634\u0627\u0637 \u062a\u062c\u0627\u0631\u064a \u0623\u0646 \u0627\u0644\u0641\u062c\u0648\u0629 \u0628\u064a\u0646 \u0627\u0644\u062e\u0637\u0637 \u0648\u0627\u0644\u0646\u062a\u0627\u0626\u062c \u0627\u0644\u0641\u0639\u0644\u064a\u0629 \u0623\u0645\u0631 \u0644\u0627 \u0645\u0641\u0631 \u0645\u0646\u0647\u060c \u0633\u0648\u0627\u0621 \u0641\u064a \u0627\u0644\u0635\u0641\u0642\u0627\u062a \u0627\u0644\u0645\u0636\u0627\u0631\u0628\u0629 \u0623\u0648 \u063a\u064a\u0631\u0647\u0627. \u0641\u0642\u062f \u062a\u0624\u062f\u064a \u0627\u0644\u062a\u063a\u064a\u0631\u0627\u062a \u0627\u0644\u0645\u0641\u0627\u062c\u0626\u0629 \u0641\u064a \u0627\u0644\u0648\u0636\u0639 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a \u0623\u0648 \u0627\u0644\u0633\u064a\u0627\u0633\u064a\u060c \u0623\u0648 \u0627\u0644\u0639\u0648\u0627\u0645\u0644 \u0627\u0644\u062c\u0648\u064a\u0629\u060c \u0623\u0648 \u062d\u062a\u0649 \u0627\u0644\u0643\u0648\u0627\u0631\u062b \u0627\u0644\u0637\u0628\u064a\u0639\u064a\u0629\u060c \u0623\u0648 \u062d\u062a\u0649 \u0645\u0634\u0627\u0643\u0644 \u0623\u0648 \u0642\u0635\u0648\u0631 \u0634\u0631\u0643\u0627\u0626\u0643 \u0625\u0644\u0649 \u0641\u0634\u0644 \u0627\u0644\u062e\u0637\u0637 \u0627\u0644\u062a\u062c\u0627\u0631\u064a\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u0627\u0644\u0645\u062e\u0627\u0637\u0631\u0629<\/strong>\u060c \u0623\u064a \u0627\u0644\u0641\u062c\u0648\u0629 \u0628\u064a\u0646 \u0627\u0644\u0646\u062a\u064a\u062c\u0629 \u0627\u0644\u0645\u062e\u0637\u0637\u0629 \u0648\u0627\u0644\u0646\u062a\u064a\u062c\u0629 \u0627\u0644\u0641\u0639\u0644\u064a\u0629\u060c \u0647\u064a \u062c\u0632\u0621 \u0644\u0627 \u064a\u062a\u062c\u0632\u0623 \u0645\u0646 \u0627\u0644\u0646\u0634\u0627\u0637 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a \u0641\u064a \u0638\u0644 \u0638\u0631\u0648\u0641 \u0627\u0644\u0633\u0648\u0642. \u0648\u0627\u0644\u0637\u0631\u064a\u0642\u0629 \u0627\u0644\u0648\u062d\u064a\u062f\u0629 \u0644\u062a\u062c\u0646\u0628 \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u0629 \u0647\u064a \u0639\u062f\u0645 \u0627\u0644\u0642\u064a\u0627\u0645 \u0628\u0623\u064a \u0634\u064a\u0621\u060c \u0648\u0647\u0648 \u0645\u0627 \u064a\u0631\u062a\u0628\u0637 \u0623\u064a\u0636\u0627\u064b \u0628\u0645\u062e\u0627\u0637\u0631\u0629 \u0645\u0641\u0647\u0648\u0645\u0629 \u062a\u0645\u0627\u0645\u0627\u064b.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0625\u0630\u0627\u064b\u060c \u0627\u0644\u0645\u0634\u0643\u0644\u0629 \u0644\u064a\u0633\u062a \u0641\u064a \u062e\u0637\u0648\u0631\u0629 \u0628\u0639\u0636 \u0627\u0644\u0639\u0645\u0644\u064a\u0627\u062a\u060c \u0628\u0644 \u0641\u064a \u0627\u0644\u0637\u0631\u064a\u0642\u0629 \u0627\u0644\u062e\u0627\u0637\u0626\u0629 \u0644\u062a\u062e\u0637\u064a\u0637\u0647\u0627 \u0648\u062a\u0646\u0641\u064a\u0630\u0647\u0627. \u0648\u0641\u064a \u062d\u062f \u0630\u0627\u062a\u0647\u0627\u060c \u0641\u0625\u0646 \u0648\u062c\u0648\u062f \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u0629 \u0627\u0644\u0645\u062d\u062a\u0645\u064e\u0644\u0629 \u064a\u064f\u0634\u0643\u0651\u0644 \u0627\u0644\u0623\u0633\u0627\u0633 \u0644\u0648\u062c\u0648\u062f \u0635\u0646\u0627\u0639\u0629 \u0643\u0627\u0645\u0644\u0629 \u2013 \u0648\u0647\u064a <strong>\u0627\u0644\u062a\u0623\u0645\u064a\u0646 (insurance)<\/strong> \u2013 \u0648\u0647\u0648 \u0642\u0637\u0627\u0639 \u0630\u0648 \u062a\u0623\u062b\u064a\u0631 \u0643\u0628\u064a\u0631.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0645\u0639 \u0627\u0644\u0646\u0647\u062c \u0627\u0644\u0635\u062d\u064a\u062d\u060c \u064a\u0645\u0643\u0646\u0643 \u0627\u0644\u0627\u0633\u062a\u0641\u0627\u062f\u0629 \u0645\u0646 \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u0629. \u0641\u0645\u0627 \u0647\u0648 \u0627\u0644\u0646\u0647\u062c \u0627\u0644\u0635\u062d\u064a\u062d \u0625\u0630\u0627 \u0642\u0631\u0631\u0646\u0627 \u0627\u0644\u0627\u0646\u062e\u0631\u0627\u0637 \u0641\u064a \u0635\u0641\u0642\u0627\u062a \u0633\u0648\u0642 \u0627\u0644\u0635\u0631\u0641 \u0627\u0644\u0623\u062c\u0646\u0628\u064a\u061f<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u064a\u0645\u0643\u0646 \u062a\u0635\u0646\u064a\u0641 \u0643\u0644 \u0627\u0644\u0646\u0647\u062c \u0627\u0644\u062d\u0627\u0644\u064a\u0629 \u0644\u062a\u0646\u0638\u064a\u0645 \u0633\u0644\u0648\u0643 \u0641\u0639\u0627\u0644 \u0641\u064a \u0628\u064a\u0626\u0629 \u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0645\u062a\u063a\u064a\u0631\u0629 \u0625\u0644\u0649 \u0645\u062c\u0627\u0644\u064a\u0646:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>\u0627\u0644\u062a\u0646\u0628\u0624 (Forecasting)<\/strong>,<\/li>\n\n\n\n<li><strong>\u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 (Risk Management)<\/strong>.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">\u0641\u064a \u0645\u062c\u0627\u0644 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629\u060c \u062a\u0648\u062c\u062f \u062a\u0642\u0646\u064a\u0627\u062a \u062a\u0623\u0645\u064a\u0646\u064a\u0629 \u0648\u062d\u062f\u0648\u062f \u0644\u0644\u0645\u062e\u0627\u0637\u0631 \u0648\u0631\u0642\u0627\u0628\u0629 \u0639\u0644\u064a\u0647\u0627. \u0648\u062a\u0646\u0627\u0642\u0634 \u0647\u0630\u0647 \u0627\u0644\u062a\u0642\u0646\u064a\u0627\u062a \u0641\u064a \u0623\u062f\u0644\u0629 \u0645\u0646\u0641\u0635\u0644\u0629 \u062d\u0648\u0644 \u0637\u0631\u0642 \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0623\u0645\u0648\u0627\u0644.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0633\u0646\u062a\u0646\u0627\u0648\u0644 \u0647\u0646\u0627 \u0627\u0644\u0645\u062c\u0627\u0644 \u0627\u0644\u0623\u0648\u0644 &#8211; <strong>\u0627\u0644\u062a\u0646\u0628\u0624 (Forecasting)<\/strong>\u060c \u0648\u0627\u0644\u0630\u064a \u064a\u0642\u0648\u0645 \u0639\u0644\u0649 \u0627\u0644\u0623\u0645\u0644 \u0628\u0623\u0646\u0647 \u0625\u0630\u0627 \u062a\u0646\u0628\u0623\u062a \u0628\u0634\u0643\u0644 \u0635\u062d\u064a\u062d \u0628\u0627\u0644\u0645\u0633\u062a\u0642\u0628\u0644 \u0648\u0627\u062a\u062e\u0630\u062a \u0627\u0644\u0642\u0631\u0627\u0631 \u0627\u0644\u0645\u0646\u0627\u0633\u0628 \u0628\u0646\u0627\u0621\u064b \u0639\u0644\u0649 \u0630\u0644\u0643\u060c \u0641\u0625\u0646 \u0627\u0644\u0646\u062a\u064a\u062c\u0629 \u0633\u062a\u0643\u0648\u0646 \u0625\u064a\u062c\u0627\u0628\u064a\u0629.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u0627\u0644\u0633\u0624\u0627\u0644 \u0627\u0644\u0631\u0626\u064a\u0633\u064a \u0647\u0648 \u0643\u064a\u0641 \u064a\u0645\u0643\u0646 \u0627\u0644\u062a\u0646\u0628\u0624 \u0628\u0647\u0630\u0627 \u0627\u0644\u0645\u0633\u062a\u0642\u0628\u0644.<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u0647\u0646\u0627\u0643 \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0627\u0644\u0646\u0647\u062c \u0644\u062d\u0644 \u0647\u0630\u0647 \u0627\u0644\u0645\u0634\u0643\u0644\u0629 \u0627\u0644\u062c\u0648\u0647\u0631\u064a\u0629. \u0646\u0644\u0627\u062d\u0638 \u0645\u0646\u0630 \u0627\u0644\u0628\u062f\u0627\u064a\u0629 \u0623\u0646\u0646\u0627 \u0646\u0633\u062a\u062e\u062f\u0645 \u062a\u0642\u0646\u064a\u0627\u062a \u0641\u064a \u0633\u0648\u0642 \u0627\u0644\u0635\u0631\u0641 \u0627\u0644\u0623\u062c\u0646\u0628\u064a (FOREX) \u062a\u062a\u062d\u062f \u0628\u0645\u0641\u0647\u0648\u0645 <strong>\u0637\u0631\u0642 \u0627\u0644\u062a\u0646\u0628\u0624 \u0627\u0644\u0643\u0645\u064a\u0629 (Quantitative forecasting methods)<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0647\u0630\u0627 \u064a\u0639\u0646\u064a \u0623\u0646\u0646\u0627 \u0646\u0635\u0641 \u0633\u0644\u0648\u0643 \u0627\u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u0630\u064a \u064a\u0647\u0645\u0646\u0627 &#8211; \u0627\u0644\u0633\u0648\u0642 &#8211; \u0645\u0646 \u062e\u0644\u0627\u0644 \u0645\u062c\u0645\u0648\u0639\u0629 \u0645\u0639\u064a\u0646\u0629 \u0645\u0646 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0631\u0642\u0645\u064a\u0629\u060c \u0648\u064a\u062a\u0645 \u062a\u062d\u062f\u064a\u062f \u0637\u0631\u064a\u0642\u0629 \u0642\u064a\u0627\u0633 \u0643\u0644 \u0645\u0646\u0647\u0627 \u0628\u062f\u0642\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u062e\u0644\u0627\u0644 \u0641\u062a\u0631\u0629 \u0627\u0644\u0645\u0631\u0627\u0642\u0628\u0629 \u0627\u0644\u0637\u0648\u064a\u0644\u0629\u060c \u064a\u062a\u0645 \u062c\u0645\u0639 \u0625\u062d\u0635\u0627\u0621\u0627\u062a \u0647\u0630\u0647 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a\u060c \u0648\u064a\u062a\u0645 \u0627\u0644\u062a\u0646\u0628\u0624 \u0628\u0627\u0633\u062a\u062e\u0644\u0627\u0635 \u0642\u064a\u0645 \u0645\u0633\u062a\u0642\u0628\u0644\u064a\u0629 (&#8220;\u063a\u062f\u064b\u0627&#8221;) \u0644\u0647\u0630\u0647 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0633\u062a\u0646\u0627\u062f\u0627\u064b \u0625\u0644\u0649 \u0647\u0630\u0647 \u0627\u0644\u0625\u062d\u0635\u0627\u0621\u0627\u062a\u060c \u0648\u0645\u0646 \u062b\u0645 \u0646\u062a\u062e\u0630 \u0642\u0631\u0627\u0631\u0627\u062a\u0646\u0627.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0625\u0646 \u0648\u062c\u0648\u062f \u0645\u0639\u0627\u064a\u064a\u0631 \u0645\u062d\u062f\u062f\u0629 \u0648\u0642\u0627\u0628\u0644\u0629 \u0644\u0644\u0642\u064a\u0627\u0633 \u0647\u0648 \u0627\u0644\u0641\u0627\u0631\u0642 \u0628\u064a\u0646 <strong>\u0637\u0631\u0642 \u0627\u0644\u062a\u0646\u0628\u0624 \u0627\u0644\u0643\u0645\u064a\u0629 (Quantitative forecasting methods)<\/strong> \u0648\u0627\u0644\u0637\u0631\u0642 \u0627\u0644\u0623\u062e\u0631\u0649 &#8211; \u0645\u062b\u0644 \u0627\u0644\u0637\u0631\u0642 <strong>\u0627\u0644\u062d\u062f\u0633\u064a\u0629<\/strong>\u060c \u0648<strong>\u0627\u0644\u0633\u0644\u0637\u0648\u064a\u0629<\/strong>\u060c \u0648<strong>\u0627\u0644\u0623\u0633\u062a\u0631\u0627\u0644\u064a\u0629<\/strong>\u060c \u0648<strong>\u0627\u0644\u0631\u0648\u062d\u064a\u0629<\/strong> &#8211; \u0648\u0627\u0644\u062a\u064a \u064a\u0645\u0643\u0646 \u0623\u064a\u0636\u0627\u064b \u0627\u0633\u062a\u062e\u062f\u0627\u0645\u0647\u0627 \u0645\u0646 \u0642\u0628\u0644 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0644\u0643\u0646\u0647\u0627 \u0644\u064a\u0633\u062a \u0645\u0648\u0636\u0648\u0639 \u0647\u0630\u0627 \u0627\u0644\u062f\u0644\u064a\u0644.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0639\u0646\u062f \u062a\u0637\u0628\u064a\u0642\u0647\u0627 \u0639\u0644\u0649 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629\u060c \u062a\u064f\u0642\u0633\u0645 <strong>\u0637\u0631\u0642 \u0627\u0644\u062a\u0646\u0628\u0624 \u0627\u0644\u0643\u0645\u064a\u0629 (Quantitative forecasting methods)<\/strong>\u060c \u0643\u0645\u0627 \u0647\u0648 \u0645\u0639\u0631\u0648\u0641\u060c \u0625\u0644\u0649 \u0645\u062c\u0645\u0648\u0639\u062a\u064a\u0646 \u0645\u0646 \u0627\u0644\u0646\u0647\u062c \u0627\u0644\u0645\u062e\u062a\u0644\u0641\u0629 \u0628\u0634\u0643\u0644 \u0643\u0628\u064a\u0631:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>\u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0641\u0646\u064a (Technical Analysis)<\/strong>,<\/li>\n\n\n\n<li><strong>\u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0623\u0633\u0627\u0633\u064a (Fundamental Analysis)<\/strong>.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0641\u0646\u064a (Technical Analysis)<\/strong> \u064a\u0642\u0648\u0645 \u0639\u0644\u0649 \u0627\u0644\u0627\u0639\u062a\u0642\u0627\u062f \u0628\u0623\u0646 &#8220;\u0627\u0644\u0633\u0648\u0642 \u064a\u0623\u062e\u0630 \u0643\u0644 \u0634\u064a\u0621 \u0641\u064a \u0627\u0644\u062d\u0633\u0628\u0627\u0646&#8221;\u060c \u0648\u0644\u0630\u0644\u0643 \u0641\u0625\u0646 \u0633\u0644\u0648\u0643 \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u064a\u0639\u0643\u0633 \u0628\u0627\u0644\u0641\u0639\u0644 \u0643\u0644 \u0627\u0644\u0639\u0648\u0627\u0645\u0644 \u0627\u0644\u0647\u0627\u0645\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0625\u0630\u0627 \u0643\u0627\u0646 \u0627\u0644\u0633\u0648\u0642 \u0641\u0639\u0627\u0644\u0627\u064b \u062d\u0642\u0627\u064b\u060c \u0641\u0625\u0646 \u062a\u062d\u0631\u0643\u0627\u062a\u0647 \u0647\u064a \u0646\u062a\u064a\u062c\u0629 \u0644\u0642\u0631\u0627\u0631\u0627\u062a \u0639\u062f\u062f \u0643\u0628\u064a\u0631 \u0645\u0646 \u0627\u0644\u0645\u0634\u0627\u0631\u0643\u064a\u0646 \u0627\u0644\u0630\u064a\u0646 \u064a\u0633\u062a\u062e\u062f\u0645\u0648\u0646 \u062c\u0645\u064a\u0639 \u0627\u0644\u0645\u0639\u0644\u0648\u0645\u0627\u062a \u0627\u0644\u0645\u062a\u0627\u062d\u0629 \u0639\u0646\u062f \u0627\u062a\u062e\u0627\u0630 \u0642\u0631\u0627\u0631\u0627\u062a\u0647\u0645 \u0628\u0634\u0623\u0646 \u0627\u0644\u0635\u0641\u0642\u0627\u062a.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u062a\u0643\u0648\u0646 \u0646\u062a\u064a\u062c\u0629 \u0647\u0630\u0647 \u0627\u0644\u0642\u0631\u0627\u0631\u0627\u062a \u0647\u064a \u062d\u0631\u0643\u0629 \u0627\u0644\u0623\u0633\u0639\u0627\u0631\u060c \u0648\u0645\u0646 \u062e\u0644\u0627\u0644 \u0645\u0631\u0627\u0642\u0628\u062a\u0647\u0627\u060c \u062a\u062d\u0635\u0644 \u0639\u0644\u0649 \u0643\u0627\u0641\u0629 \u0627\u0644\u0645\u0639\u0644\u0648\u0645\u0627\u062a \u0627\u0644\u0633\u0648\u0642\u064a\u0629. \u0641\u064a \u0627\u0644\u0648\u0627\u0642\u0639\u060c \u064a\u062d\u062a\u0627\u062c \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644 \u0625\u0644\u0649 \u0627\u0644\u0642\u0644\u064a\u0644 \u062c\u062f\u0627\u064b \u2013 \u0645\u062c\u0631\u062f \u0645\u0639\u0631\u0641\u0629 \u0627\u062a\u062c\u0627\u0647 \u0627\u0644\u062a\u062d\u0631\u0643\u0627\u062a.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u064a\u0648\u0641\u0631 \u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0641\u0646\u064a (Technical Analysis)<\/strong> \u0639\u062f\u062f\u064b\u0627 \u0643\u0628\u064a\u0631\u064b\u0627 \u0645\u0646 \u0627\u0644\u0623\u062f\u0648\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u062a\u064a\u062d \u0627\u0633\u062a\u0646\u0628\u0627\u0637 \u062a\u0648\u0642\u0639\u0627\u062a \u0642\u064a\u0645\u0629 \u0645\u0646 \u0631\u0633\u0648\u0645 \u0627\u0644\u0623\u0633\u0639\u0627\u0631.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u062a\u0648\u062c\u062f \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0627\u0644\u0643\u062a\u0628 \u0627\u0644\u062c\u064a\u062f\u0629 \u0627\u0644\u0645\u062e\u0635\u0635\u0629 \u0644\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0641\u0646\u064a (Technical Analysis)\u060c \u0648\u0644\u0646 \u0646\u062a\u0639\u0645\u0642 \u0641\u064a\u0647\u0627 \u0647\u0646\u0627\u061b \u0628\u0644 \u0633\u0646\u0631\u0643\u0632 \u0639\u0644\u0649 \u062a\u0644\u0643 \u0627\u0644\u0638\u0648\u0627\u0647\u0631 \u0627\u0644\u062a\u064a \u0644\u0627 \u064a\u0623\u062e\u0630\u0647\u0627 <strong>\u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0641\u0646\u064a (Technical Analysis)<\/strong> \u0628\u0639\u064a\u0646 \u0627\u0644\u0627\u0639\u062a\u0628\u0627\u0631.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0643\u0644\u0627 \u0645\u0646 <strong>\u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0641\u0646\u064a (Technical Analysis)<\/strong> \u0648<strong>\u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0623\u0633\u0627\u0633\u064a (Fundamental Analysis)<\/strong> \u0647\u0645\u0627 \u0625\u062d\u0635\u0627\u0621\u0627\u062a \u0633\u0648\u0642\u064a\u0629. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u064a\u0646\u0638\u0631 <strong>\u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0623\u0633\u0627\u0633\u064a (Fundamental Analysis)<\/strong> \u0625\u0644\u0649 \u0627\u0644\u0633\u0648\u0642 \u0645\u0646 \u0632\u0627\u0648\u064a\u0629 \u0645\u062e\u062a\u0644\u0641\u0629 \u0639\u0646 <strong>\u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0641\u0646\u064a (Technical Analysis)<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0628\u063a\u0636 \u0627\u0644\u0646\u0638\u0631 \u0639\u0646 \u0645\u062f\u0649 \u0639\u0638\u0645\u0629 \u0633\u0648\u0642 <strong>\u0641\u0648\u0631\u0643\u0633 (FOREX)<\/strong>\u060c \u0641\u0625\u0646\u0647 \u0644\u0627 \u064a\u0632\u0627\u0644 \u062c\u0632\u0621\u0627\u064b \u0645\u0646 \u0643\u0648\u0646 \u0623\u0648\u0633\u0639\u060c \u0648\u0627\u0644\u0643\u062b\u064a\u0631 \u0645\u0645\u0627 \u064a\u062d\u062f\u062b \u0641\u064a\u0647 \u064a\u0624\u062b\u0631 \u0639\u0644\u0649 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0635\u0631\u0641.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u062a\u0624\u062b\u0631 \u0627\u0644\u062a\u063a\u064a\u0631\u0627\u062a \u0641\u064a \u0627\u0642\u062a\u0635\u0627\u062f\u0627\u062a \u0627\u0644\u062f\u0648\u0644 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629\u060c \u0648\u0627\u0644\u0627\u0646\u062a\u062e\u0627\u0628\u0627\u062a \u0627\u0644\u0633\u064a\u0627\u0633\u064a\u0629 \u0627\u0644\u062a\u064a \u062a\u0646\u0638\u0645 \u0625\u062c\u0631\u0627\u0621\u0627\u062a \u0627\u0644\u062c\u0647\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629\u060c \u0648\u0627\u0644\u0643\u0648\u0627\u0631\u062b \u0627\u0644\u0637\u0628\u064a\u0639\u064a\u0629 \u2013 \u062c\u0645\u064a\u0639\u0647\u0627 \u062a\u0624\u062b\u0631 \u0639\u0644\u0649 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0635\u0631\u0641.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0625\u0630\u0627 \u0643\u0627\u0646\u062a \u0628\u0639\u0636 \u0647\u0630\u0647 \u0627\u0644\u0623\u062d\u062f\u0627\u062b \u0644\u0627 \u064a\u0645\u0643\u0646 \u0627\u0644\u062a\u0646\u0628\u0624 \u0628\u0647\u0627\u060c \u0641\u0625\u0646 \u0628\u0639\u0636\u0647\u0627 \u0645\u062e\u0637\u0637 \u0644\u0647 \u062a\u0645\u0627\u0645\u0627\u064b (\u0639\u0644\u0649 \u0633\u0628\u064a\u0644 \u0627\u0644\u0645\u062b\u0627\u0644\u060c \u062a\u0648\u0642\u064a\u062a \u0635\u062f\u0648\u0631 \u0627\u0644\u0623\u062e\u0628\u0627\u0631 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u064a\u064f\u062d\u062f\u062f \u0642\u0628\u0644 \u0623\u0634\u0647\u0631) \u0623\u0648 \u064a\u0645\u0643\u0646 \u0627\u0644\u062a\u0646\u0628\u0624 \u0628\u0647 \u0628\u0627\u0644\u0643\u0627\u0645\u0644.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0644\u0630\u0644\u0643\u060c \u0625\u0630\u0627 \u0642\u0645\u062a \u0628\u0648\u0636\u0639 \u062a\u0648\u0642\u0639\u0627\u062a \u0645\u0646\u0637\u0642\u064a\u0629 \u0648\u0641\u064a \u0627\u0644\u0648\u0642\u062a \u0627\u0644\u0645\u0646\u0627\u0633\u0628\u060c \u064a\u0645\u0643\u0646\u0643 \u0627\u0644\u062a\u0646\u0628\u0624 \u0628\u062a\u062d\u0631\u0643\u0627\u062a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0635\u0631\u0641 \u0627\u0644\u0645\u0633\u062a\u0642\u0628\u0644\u064a\u0629 \u0648\u0627\u0644\u0627\u0633\u062a\u0641\u0627\u062f\u0629 \u0645\u0646\u0647\u0627.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0645\u062b\u0627\u0644 \u0623\u0633\u0637\u0648\u0631\u064a \u0639\u0644\u0649 \u0627\u0644\u0641\u0647\u0645 \u0627\u0644\u0635\u062d\u064a\u062d \u0648\u0627\u0644\u062a\u0646\u0628\u0624 \u0627\u0644\u0645\u0646\u0627\u0633\u0628 \u0648\u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0627\u0644\u0648\u0636\u0639 \u0627\u0644\u0631\u0627\u0647\u0646 \u0628\u0646\u062c\u0627\u062d \u0647\u0648 \u0639\u0645\u0644\u064a\u0627\u062a <strong>\u062c\u0648\u0631\u062c \u0633\u0648\u0631\u0648\u0633 (George Soros)<\/strong> \u0627\u0644\u062a\u064a \u062a\u0646\u0628\u0623 \u0641\u064a\u0647\u0627 \u0628\u0627\u0646\u062e\u0641\u0627\u0636 \u0627\u0644\u062c\u0646\u064a\u0647 \u0627\u0644\u0625\u0633\u062a\u0631\u0644\u064a\u0646\u064a \u0627\u0644\u0648\u0634\u064a\u0643.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0648\u0642\u0628\u0644 \u0630\u0644\u0643 \u0628\u0648\u0642\u062a \u0642\u0635\u064a\u0631\u060c \u0639\u0627\u062f \u0627\u0644\u062c\u0646\u064a\u0647 \u0625\u0644\u0649 \u0622\u0644\u064a\u0629 \u0633\u0639\u0631 \u0627\u0644\u0635\u0631\u0641 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629 (<strong>ERM<\/strong>)\u060c \u0627\u0644\u062a\u064a \u062c\u0645\u0639\u062a \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u062a\u062d\u062a \u0622\u0644\u064a\u0629 \u0648\u0627\u062d\u062f\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0628\u0627\u062e\u062a\u0635\u0627\u0631\u060c \u0643\u0627\u0646\u062a \u0645\u0647\u0645\u0629 \u0622\u0644\u064a\u0629 \u0627\u0644\u062a\u0646\u0638\u064a\u0645 (<strong>ERM<\/strong>) \u0647\u064a \u062a\u062d\u062f\u064a\u062f \u0623\u0633\u0639\u0627\u0631 \u0635\u0631\u0641 \u0645\u0631\u0643\u0632\u064a\u0629 \u0644\u0643\u0644 \u0632\u0648\u062c \u0639\u0645\u0644\u0627\u062a\u060c \u0648\u0645\u0646 \u0647\u0630\u0647 \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u062d\u062f\u062f\u0629 \u0644\u0645 \u064a\u0643\u0646 \u0628\u0625\u0645\u0643\u0627\u0646 \u0627\u0644\u0639\u0645\u0644\u0629 \u0623\u0646 \u062a\u0646\u062d\u0631\u0641 \u0628\u0623\u0643\u062b\u0631 \u0645\u0646 \u0646\u0633\u0628\u0629 \u0645\u0639\u064a\u0646\u0629. \u0648\u0647\u0643\u0630\u0627 \u0643\u0627\u0646\u062a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0635\u0631\u0641 \u062a\u062a\u0623\u0631\u062c\u062d \u062f\u0627\u062e\u0644 \u0646\u0637\u0627\u0642\u0627\u062a\u0647\u0627\u060c \u0645\u062b\u0644 \u062d\u0631\u0643\u0629 \u0627\u0644\u0623\u0641\u0639\u0649 (\u0648\u0645\u0646 \u0647\u0646\u0627 \u0633\u064f\u0645\u064a\u062a \u0627\u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u062a\u0646\u0638\u064a\u0645\u064a \u0628\u0640 &#8220;\u062b\u0639\u0628\u0627\u0646 \u0627\u0644\u0639\u0645\u0644\u0627\u062a&#8221;).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0625\u0630\u0627 \u0644\u0645 \u062a\u0643\u0646 \u0622\u0644\u064a\u0627\u062a \u0627\u0644\u062a\u0646\u0638\u064a\u0645 \u0627\u0644\u0646\u0642\u062f\u064a \u0627\u0644\u062a\u0642\u0644\u064a\u062f\u064a\u0629 (\u0648\u062e\u0627\u0635\u0629 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629) \u0643\u0627\u0641\u064a\u0629 \u0644\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629 \u0644\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0636\u0645\u0646 \u0647\u0630\u0647 \u0627\u0644\u0646\u0637\u0627\u0642\u0627\u062a\u060c \u0643\u0627\u0646 \u064a\u062a\u0645 \u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0627\u0644\u062a\u062f\u062e\u0644\u0627\u062a \u0627\u0644\u0645\u0628\u0627\u0634\u0631\u0629 \u0641\u064a \u0627\u0644\u0639\u0645\u0644\u0629. \u0639\u0646\u062f \u062d\u062f\u0648\u062f \u0627\u0644\u0646\u0637\u0627\u0642\u060c \u0643\u0627\u0646 \u0639\u0644\u0649 \u0643\u0644 \u0628\u0646\u0643 \u0645\u0631\u0643\u0632\u064a \u0645\u0646 \u0627\u0644\u0637\u0631\u0641\u064a\u0646 \u0634\u0631\u0627\u0621 \u0623\u0648 \u0628\u064a\u0639 \u0639\u0645\u0644\u062a\u0647 \u0645\u0642\u0627\u0628\u0644 \u0639\u0645\u0644\u0629 \u0627\u0644\u0634\u0631\u064a\u0643 \u0644\u062a\u0635\u062d\u064a\u062d \u0627\u0644\u0645\u0633\u0627\u0631 \u0648\u0625\u0639\u0627\u062f\u062a\u0647\u0627 \u0625\u0644\u0649 \u062f\u0627\u062e\u0644 \u0627\u0644\u0646\u0637\u0627\u0642.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u062d\u062f\u062b \u0623\u0646 \u0627\u0644\u062c\u0646\u064a\u0647 \u062f\u062e\u0644 \u0647\u0630\u0627 \u0627\u0644\u0646\u0638\u0627\u0645 \u0628\u0633\u0639\u0631 \u0635\u0631\u0641 \u0645\u0631\u062a\u0641\u0639 \u062c\u062f\u0627\u064b \u0645\u0642\u0627\u0631\u0646\u0629\u064b \u0628\u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0623\u062e\u0631\u0649. \u0641\u0639\u0644\u0649 \u0633\u0628\u064a\u0644 \u0627\u0644\u0645\u062b\u0627\u0644\u060c \u062a\u0645 \u062a\u062d\u062f\u064a\u062f \u0633\u0639\u0631 \u0635\u0631\u0641\u0647 \u0645\u0642\u0627\u0628\u0644 \u0627\u0644\u0645\u0627\u0631\u0643 \u0627\u0644\u0623\u0644\u0645\u0627\u0646\u064a \u0639\u0646\u062f 2.95 \u0645\u0627\u0631\u0643 \u0644\u0643\u0644 \u062c\u0646\u064a\u0647.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0644\u0645 \u062a\u0643\u0646 \u0627\u0644\u0623\u0648\u0636\u0627\u0639 \u0633\u0647\u0644\u0629 \u0641\u064a \u0623\u0648\u0631\u0648\u0628\u0627\u061b \u0628\u0639\u062f \u0644\u0645 \u0634\u0645\u0644 \u0623\u0644\u0645\u0627\u0646\u064a\u0627 \u0648\u063a\u064a\u0631\u0647\u0627 \u0645\u0646 \u0627\u0644\u0623\u062d\u062f\u0627\u062b \u0627\u0644\u0634\u0647\u064a\u0631\u0629 \u0641\u064a \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u0627\u062a\u060c \u0648\u0627\u062c\u0647\u062a \u0627\u0644\u0643\u062b\u064a\u0631 \u0645\u0646 \u0627\u0644\u0645\u0634\u0643\u0644\u0627\u062a.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0641\u064a <strong>\u0625\u0646\u062c\u0644\u062a\u0631\u0627<\/strong>\u060c \u0643\u0627\u0646\u062a \u0627\u0644\u062d\u0627\u0644\u0629 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0641\u064a \u0623\u062f\u0646\u0649 \u0645\u0633\u062a\u0648\u064a\u0627\u062a \u0627\u0644\u062f\u0648\u0631\u0629 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629\u060c \u0645\u0635\u062d\u0648\u0628\u0629 \u0628\u062a\u0636\u062e\u0645 \u0639\u0627\u0644\u064d \u0648\u0623\u0633\u0639\u0627\u0631 \u0641\u0627\u0626\u062f\u0629 \u0645\u0631\u062a\u0641\u0639\u0629\u060c \u0648\u062a\u0631\u0627\u062c\u0639 \u0627\u0644\u0625\u0646\u062a\u0627\u062c\u060c \u0648\u0627\u0631\u062a\u0641\u0627\u0639 \u0645\u0639\u062f\u0644\u0627\u062a \u0627\u0644\u0628\u0637\u0627\u0644\u0629\u060c \u0648\u063a\u064a\u0631\u0647\u0627.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0644\u062a\u0646\u0641\u064a\u0630 \u0627\u0644\u0627\u0644\u062a\u0632\u0627\u0645\u0627\u062a \u0627\u0644\u0645\u062a\u0641\u0642 \u0639\u0644\u064a\u0647\u0627 \u0644\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0635\u0631\u0641\u060c \u0623\u0646\u0641\u0642\u062a \u0627\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629 \u0645\u0628\u0627\u0644\u063a \u0636\u062e\u0645\u0629 \u0645\u0646 \u0627\u0644\u0639\u0645\u0644\u0627\u062a\u061b \u0641\u0642\u062f \u0623\u0646\u0641\u0642\u062a <strong>\u0628\u0648\u0646\u062f\u0633\u0628\u0646\u0643<\/strong> (Bundesbank) \u0623\u0643\u062b\u0631 \u0645\u0646 \u0630\u0644\u0643\u060c \u0628\u0645\u0644\u064a\u0627\u0631\u0627\u062a \u0627\u0644\u062f\u0648\u0644\u0627\u0631\u0627\u062a\u060c \u062d\u064a\u062b \u0643\u0627\u0646 \u0627\u0644\u062c\u0646\u064a\u0647 \u064a\u0646\u062e\u0641\u0636 \u0628\u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0645\u0642\u0627\u0628\u0644 \u0627\u0644\u0645\u0627\u0631\u0643 \u0627\u0644\u0623\u0644\u0645\u0627\u0646\u064a.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0648\u0646\u062a\u064a\u062c\u0629 \u0644\u0630\u0644\u0643\u060c \u0627\u0633\u062a\u0646\u0641\u062f <strong>\u0628\u0646\u0643 \u0625\u0646\u062c\u0644\u062a\u0631\u0627 (BOE)<\/strong> \u062c\u0645\u064a\u0639 \u0627\u0644\u062e\u064a\u0627\u0631\u0627\u062a \u0627\u0644\u0645\u062a\u0627\u062d\u0629 \u0644\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0633\u0639\u0631 \u0635\u0631\u0641 \u0627\u0644\u062c\u0646\u064a\u0647 \u0648\u0641\u0642\u0627\u064b \u0644\u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0622\u0644\u064a\u0629 \u0627\u0644\u062a\u0646\u0638\u064a\u0645 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0644\u0645 \u064a\u0639\u062f \u0628\u0627\u0644\u0625\u0645\u0643\u0627\u0646 \u0631\u0641\u0639 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0623\u0643\u062b\u0631 \u2013 \u0625\u0630 \u0643\u0627\u0646\u062a \u0645\u0631\u062a\u0641\u0639\u0629 \u0628\u0627\u0644\u0641\u0639\u0644\u060c \u0645\u0645\u0627 \u062e\u0644\u0642 \u0645\u0634\u0627\u0643\u0644 \u0625\u0636\u0627\u0641\u064a\u0629 \u0641\u064a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u060c \u0648\u062e\u0627\u0635\u0629 \u0632\u064a\u0627\u062f\u0629 \u0645\u0639\u062f\u0644\u0627\u062a \u0627\u0644\u0628\u0637\u0627\u0644\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0641\u064a \u0627\u0644\u0646\u0647\u0627\u064a\u0629\u060c \u0627\u062a\u062e\u0630 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0642\u0631\u0627\u0631 \u0627\u0644\u062d\u062a\u0645\u064a \u0628\u0627\u0644\u0633\u0645\u0627\u062d \u0644\u0644\u0633\u0648\u0642 \u0628\u062a\u0646\u0638\u064a\u0645 \u0642\u064a\u0645\u0629 \u0627\u0644\u062c\u0646\u064a\u0647\u060c \u0627\u0644\u0630\u064a \u0627\u0646\u0647\u0627\u0631 \u0641\u0648\u0631\u0627\u064b\u060c \u0648\u0627\u0646\u0633\u062d\u0628\u062a <strong>\u0625\u0646\u062c\u0644\u062a\u0631\u0627<\/strong> \u0645\u0646 \u0622\u0644\u064a\u0629 \u0633\u0639\u0631 \u0627\u0644\u0635\u0631\u0641 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0623\u062f\u0649 \u0627\u0644\u0641\u0647\u0645 \u0627\u0644\u0635\u062d\u064a\u062d \u0644\u062c\u0648\u0647\u0631 \u0627\u0644\u0648\u0636\u0639 \u0648\u0627\u0644\u062a\u0646\u0628\u0624 \u0628\u0646\u062a\u0627\u0626\u062c\u0647 \u0625\u0644\u0649 \u0623\u0646 \u064a\u062a\u0645\u0643\u0646 <strong>\u0633\u0648\u0631\u0648\u0633<\/strong> \u0645\u0646 \u0648\u0636\u0639 \u0627\u0644\u0631\u0647\u0627\u0646\u0627\u062a \u0627\u0644\u0645\u0646\u0627\u0633\u0628\u0629 \u0636\u062f \u0627\u0644\u062c\u0646\u064a\u0647 \u0641\u064a \u0627\u0644\u0648\u0642\u062a \u0627\u0644\u0645\u0646\u0627\u0633\u0628 \u0648\u062c\u0646\u064a \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0644\u0630\u0627\u060c \u0641\u0625\u0646 \u0627\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629 \u0644\u0627 \u062a\u0648\u062c\u0647 \u0627\u0644\u0633\u0648\u0642 \u0641\u0642\u0637 \u0645\u0646 \u062e\u0644\u0627\u0644 \u062a\u062f\u062e\u0644\u0627\u062a\u0647\u0627 \u0641\u064a \u0627\u0644\u0635\u0631\u0641 \u0627\u0644\u0623\u062c\u0646\u0628\u064a\u060c \u0628\u0644 \u062a\u0641\u0643\u0631 \u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0627\u064b. \u0639\u0644\u0649 \u0633\u0628\u064a\u0644 \u0627\u0644\u0645\u062b\u0627\u0644\u060c \u064a\u064f\u0642\u0627\u0644 \u0625\u0646 <strong>\u0622\u0644\u0627\u0646 \u063a\u0631\u064a\u0646\u0633\u0628\u0627\u0646 (Alan Greenspan)<\/strong>\u060c \u0631\u0626\u064a\u0633 \u0645\u062c\u0644\u0633 \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a (<strong>FED<\/strong>)\u060c \u0647\u0648 \u0645\u062d\u0644\u0644 \u062a\u0642\u0646\u064a \u0645\u0645\u062a\u0627\u0632 \u0641\u064a \u062f\u0631\u0627\u0633\u0629 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629. \u0641\u0647\u0648 \u064a\u0648\u0627\u0635\u0644 \u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0625\u062d\u0635\u0627\u0621\u0627\u062a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629\u060c \u0648\u064a\u0641\u062d\u0635 \u0643\u0644 \u0634\u064a\u0621 \u0628\u062f\u0621\u0627\u064b \u0645\u0646 \u0623\u0633\u0639\u0627\u0631 \u062e\u0631\u062f\u0629 \u0627\u0644\u0645\u0639\u0627\u062f\u0646 \u0628\u062d\u062b\u0627\u064b \u0639\u0646 \u0645\u0624\u0634\u0631\u0627\u062a \u0644\u0644\u0645\u0633\u0627\u0631 \u0627\u0644\u0645\u0633\u062a\u0642\u0628\u0644\u064a \u0644\u0644\u0627\u0642\u062a\u0635\u0627\u062f. \u0639\u0644\u0627\u0648\u0629 \u0639\u0644\u0649 \u0630\u0644\u0643\u060c \u064a\u062c\u0628 \u0639\u0644\u064a\u0646\u0627 \u0646\u062d\u0646 \u0623\u0635\u062d\u0627\u0628 \u0627\u0644\u0645\u0648\u0627\u0631\u062f \u0627\u0644\u0645\u062d\u062f\u0648\u062f\u0629 \u0623\u0646 \u0646\u0643\u0648\u0646 \u0642\u0627\u062f\u0631\u064a\u0646 \u0639\u0644\u0649 \u062a\u062d\u0644\u064a\u0644 \u0645\u0639\u0644\u0648\u0645\u0627\u062a \u0627\u0644\u0633\u0648\u0642 \u0648\u0627\u0633\u062a\u062e\u0644\u0627\u0635 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u062f\u0644 \u0639\u0644\u0649 \u062a\u0648\u062c\u0647\u0627\u062a \u0627\u0644\u0633\u0648\u0642.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0645\u0646 \u0627\u0644\u0648\u0627\u0636\u062d \u0627\u0644\u064a\u0648\u0645 \u0623\u0646 \u0627\u0644\u0646\u0634\u0627\u0637 \u0627\u0644\u062a\u062c\u0627\u0631\u064a \u0641\u064a \u0638\u0644 \u0638\u0631\u0648\u0641 \u0627\u0644\u0633\u0648\u0642 \u064a\u062a\u0636\u0645\u0646 \u0645\u062e\u0627\u0637\u0631\u0629\u061b \u0625\u0630 \u063a\u0627\u0644\u0628\u0627\u064b \u0645\u0627 \u062a\u062e\u062a\u0644\u0641 \u0627\u0644\u0646\u062a\u064a\u062c\u0629 \u0627\u0644\u0641\u0639\u0644\u064a\u0629 \u0644\u0644\u0639\u0645\u0644\u064a\u0629 \u0639\u0646 \u0627\u0644\u0645\u062e\u0637\u0637\u0629. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u064a\u064f\u0639\u062a\u0642\u062f \u0623\u0646 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0641\u064a \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 (<strong>\u0627\u0644\u0645\u0636\u0627\u0631\u0628\u0629<\/strong>) \u064a\u064f\u0639\u062f \u0646\u0634\u0627\u0637\u0627\u064b \u0645\u062d\u0641\u0648\u0641\u0627\u064b \u0628\u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0646\u0638\u0631\u0627\u064b \u0644\u062a\u0639\u0642\u064a\u062f \u0648\u0633\u0644\u0648\u0643 \u0627\u0644\u0633\u0648\u0642 \u063a\u064a\u0631 \u0627\u0644\u0645\u062a\u0648\u0642\u0639\u060c \u0645\u0645\u0627 \u0642\u062f \u064a\u0624\u062f\u064a \u0625\u0644\u0649 \u062e\u0633\u0627\u0626\u0631 \u0648\u0639\u062f\u0645 \u062a\u0623\u0643\u064a\u062f \u062a\u062d\u0642\u064a\u0642 \u0646\u062a\u064a\u062c\u0629 \u0625\u064a\u062c\u0627\u0628\u064a\u0629. \u0648\u0647\u0630\u0627 \u0645\u0627 \u064a\u0631\u062f\u0639 \u0627\u0644\u0643\u062b\u064a\u0631\u064a\u0646 \u0639\u0646 \u062f\u062e\u0648\u0644 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629\u060c \u0639\u0644\u0649 \u0627\u0644\u0631\u063a\u0645 \u0645\u0646 \u0623\u0646\u0647\u0627 \u0623\u0635\u0628\u062d\u062a \u0645\u062a\u0627\u062d\u0629 \u062c\u062f\u0627\u064b \u0628\u0641\u0636\u0644 \u062a\u0642\u0646\u064a\u0627\u062a \u0627\u0644\u0627\u062a\u0635\u0627\u0644\u0627\u062a \u0627\u0644\u0625\u0644\u0643\u062a\u0631\u0648\u0646\u064a\u0629 \u0648\u0628\u0631\u0627\u0645\u062c \u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0645\u062a\u0642\u062f\u0645\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0641\u064a \u0627\u0644\u0648\u0627\u0642\u0639\u060c \u064a\u0639\u0644\u0645 \u0643\u0644 \u0645\u0646 \u064a\u0634\u0627\u0631\u0643 \u0641\u064a \u0623\u064a \u0646\u0634\u0627\u0637 \u062a\u062c\u0627\u0631\u064a \u0623\u0646 \u0627\u0644\u062a\u0628\u0627\u064a\u0646 \u0628\u064a\u0646 \u0627\u0644\u062e\u0637\u0637 \u0648\u0627\u0644\u0646\u062a\u0627\u0626\u062c \u0627\u0644\u0641\u0639\u0644\u064a\u0629 \u0623\u0645\u0631 \u062d\u062a\u0645\u064a\u060c \u0633\u0648\u0627\u0621 \u0641\u064a \u0627\u0644\u0645\u0639\u0627\u0645\u0644\u0627\u062a \u0627\u0644\u0645\u0636\u0627\u0631\u0628\u0629 \u0623\u0648 \u063a\u064a\u0631\u0647\u0627. \u0641\u0642\u062f \u062a\u0624\u062f\u064a \u0627\u0644\u062a\u063a\u064a\u0631\u0627\u062a \u063a\u064a\u0631 \u0627\u0644\u0645\u062a\u0648\u0642\u0639\u0629 \u0641\u064a \u0627\u0644\u0648\u0636\u0639 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a \u0623\u0648 \u0627\u0644\u0633\u064a\u0627\u0633\u064a\u060c \u0623\u0648 \u0627\u0644\u0639\u0648\u0627\u0645\u0644 \u0627\u0644\u062c\u0648\u064a\u0629\u060c \u0623\u0648 \u062d\u062a\u0649 \u0627\u0644\u0643\u0648\u0627\u0631\u062b \u0627\u0644\u0637\u0628\u064a\u0639\u064a\u0629\u060c \u0623\u0648 \u062d\u062a\u0649 \u0645\u0634\u0627\u0643\u0644 \u0634\u0631\u0643\u0627\u0626\u0643 \u0625\u0644\u0649 \u0639\u062f\u0645 \u062a\u062d\u0642\u064a\u0642 \u0627\u0644\u0622\u0645\u0627\u0644 \u0627\u0644\u0645\u0646\u0634\u0648\u062f\u0629 \u0645\u0646 \u062e\u0637\u062a\u0643 \u0627\u0644\u062a\u062c\u0627\u0631\u064a\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u0627\u0644\u0645\u062e\u0627\u0637\u0631\u0629<\/strong>\u060c \u0623\u064a \u0627\u0644\u0641\u062c\u0648\u0629 \u0628\u064a\u0646 \u0627\u0644\u0646\u062a\u064a\u062c\u0629 \u0627\u0644\u0645\u062e\u0637\u0637\u0629 \u0648\u0627\u0644\u0646\u062a\u064a\u062c\u0629 \u0627\u0644\u0641\u0639\u0644\u064a\u0629\u060c \u0647\u064a \u062c\u0632\u0621 \u0644\u0627 \u064a\u062a\u062c\u0632\u0623 \u0645\u0646 \u0627\u0644\u0646\u0634\u0627\u0637 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a \u0641\u064a \u0638\u0644 \u0638\u0631\u0648\u0641 \u0627\u0644\u0633\u0648\u0642. \u0648\u0627\u0644\u0637\u0631\u064a\u0642\u0629 \u0627\u0644\u0648\u062d\u064a\u062f\u0629 \u0644\u062a\u062c\u0646\u0628\u0647\u0627 \u0647\u064a \u0639\u062f\u0645 \u0627\u0644\u0642\u064a\u0627\u0645 \u0628\u0623\u064a \u0634\u064a\u0621\u060c \u0648\u0647\u0648 \u062e\u064a\u0627\u0631 \u064a\u0631\u062a\u0628\u0637 \u0623\u064a\u0636\u0627\u064b \u0628\u0645\u062e\u0627\u0637\u0631\u0629 \u0645\u0641\u0647\u0648\u0645\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0625\u0630\u0627\u064b\u060c \u0644\u064a\u0633\u062a \u062e\u0637\u0648\u0631\u0629 \u0628\u0639\u0636 \u0627\u0644\u0639\u0645\u0644\u064a\u0627\u062a \u0647\u064a \u0627\u0644\u0645\u0634\u0643\u0644\u0629\u060c \u0628\u0644 \u0627\u0644\u0637\u0631\u064a\u0642\u0629 \u0627\u0644\u062e\u0627\u0637\u0626\u0629 \u0644\u062a\u062e\u0637\u064a\u0637\u0647\u0627 \u0648\u062a\u0646\u0641\u064a\u0630\u0647\u0627. \u0648\u0641\u064a \u062d\u062f \u0630\u0627\u062a\u0647\u0627\u060c \u0641\u0625\u0646 \u0648\u062c\u0648\u062f \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u0629 \u0627\u0644\u062d\u062a\u0645\u064a\u0629 \u064a\u0634\u0643\u0644 \u0627\u0644\u0623\u0633\u0627\u0633 \u0644\u0648\u062c\u0648\u062f \u0635\u0646\u0627\u0639\u0629 \u0643\u0627\u0645\u0644\u0629 \u2013 \u0648\u0647\u064a <strong>\u0627\u0644\u062a\u0623\u0645\u064a\u0646 (insurance)<\/strong> \u2013 \u0648\u0647\u0648 \u0642\u0637\u0627\u0639 \u0630\u0648 \u062a\u0623\u062b\u064a\u0631 \u0643\u0628\u064a\u0631.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0645\u0639 \u0627\u0644\u0646\u0647\u062c \u0627\u0644\u0635\u062d\u064a\u062d\u060c \u064a\u0645\u0643\u0646\u0643 \u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0627\u0644\u0645\u062e\u0627\u0637\u0631\u0629 \u0644\u0635\u0627\u0644\u062d\u0643. \u0641\u0645\u0627 \u0647\u0648 \u0627\u0644\u0646\u0647\u062c \u0627\u0644\u0635\u062d\u064a\u062d \u0625\u0630\u0627 \u0642\u0631\u0631\u0646\u0627 \u0627\u0644\u062f\u062e\u0648\u0644 \u0641\u064a \u0635\u0641\u0642\u0627\u062a \u0633\u0648\u0642 \u0627\u0644\u0635\u0631\u0641 \u0627\u0644\u0623\u062c\u0646\u0628\u064a\u061f<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u064a\u0645\u0643\u0646 \u062a\u0635\u0646\u064a\u0641 \u062c\u0645\u064a\u0639 \u0627\u0644\u0623\u0633\u0627\u0644\u064a\u0628 \u0627\u0644\u062d\u0627\u0644\u064a\u0629 \u0644\u062a\u0646\u0638\u064a\u0645 \u0627\u0644\u0633\u0644\u0648\u0643 \u0627\u0644\u0641\u0639\u0627\u0644 \u0641\u064a \u0628\u064a\u0626\u0629 \u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0645\u062a\u063a\u064a\u0631\u0629 \u0625\u0644\u0649 \u0645\u062c\u0627\u0644\u064a\u0646:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>\u0627\u0644\u062a\u0646\u0628\u0624 (Forecasting)<\/strong>,<\/li>\n\n\n\n<li><strong>\u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0645\u062e\u0627\u0637\u0631 (Risk Management)<\/strong>.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">\u0641\u064a \u0645\u062c\u0627\u0644 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629\u060c \u062a\u0648\u062c\u062f \u062a\u0642\u0646\u064a\u0627\u062a \u062a\u0623\u0645\u064a\u0646\u064a\u0629 \u0648\u062d\u062f\u0648\u062f \u0644\u0644\u0645\u062e\u0627\u0637\u0631 \u0648\u0631\u0642\u0627\u0628\u0629 \u0639\u0644\u064a\u0647\u0627. \u0648\u062a\u064f\u0646\u0627\u0642\u0634 \u0647\u0630\u0647 \u0627\u0644\u062a\u0642\u0646\u064a\u0627\u062a \u0641\u064a \u0623\u062f\u0644\u0629 \u0645\u0646\u0641\u0635\u0644\u0629 \u062d\u0648\u0644 \u0637\u0631\u0642 \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0623\u0645\u0648\u0627\u0644.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0633\u0646\u0631\u0643\u0632 \u0647\u0646\u0627 \u0639\u0644\u0649 \u0627\u0644\u0645\u062c\u0627\u0644 \u0627\u0644\u0623\u0648\u0644 \u2013 <strong>\u0627\u0644\u062a\u0646\u0628\u0624 (Forecasting)<\/strong>\u060c \u0627\u0644\u0630\u064a \u064a\u0642\u0648\u0645 \u0639\u0644\u0649 \u0627\u0644\u0623\u0645\u0644 \u0628\u0623\u0646\u0647 \u0625\u0630\u0627 \u062a\u0646\u0628\u0623\u062a \u0628\u0627\u0644\u0645\u0633\u062a\u0642\u0628\u0644 \u0628\u0634\u0643\u0644 \u0635\u062d\u064a\u062d \u0648\u0627\u062a\u062e\u0630\u062a \u0627\u0644\u0642\u0631\u0627\u0631 \u0627\u0644\u0645\u0646\u0627\u0633\u0628 \u0628\u0646\u0627\u0621\u064b \u0639\u0644\u0649 \u0630\u0644\u0643\u060c \u0641\u0625\u0646 \u0627\u0644\u0646\u062a\u064a\u062c\u0629 \u0633\u062a\u0643\u0648\u0646 \u0625\u064a\u062c\u0627\u0628\u064a\u0629.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u0627\u0644\u0633\u0624\u0627\u0644 \u0627\u0644\u0631\u0626\u064a\u0633\u064a \u0647\u0648 \u0643\u064a\u0641 \u064a\u0645\u0643\u0646 \u0627\u0644\u062a\u0646\u0628\u0624 \u0628\u0647\u0630\u0627 \u0627\u0644\u0645\u0633\u062a\u0642\u0628\u0644.<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u0647\u0646\u0627\u0643 \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0627\u0644\u0646\u0647\u062c \u0644\u062d\u0644 \u0647\u0630\u0647 \u0627\u0644\u0645\u0634\u0643\u0644\u0629 \u0627\u0644\u062c\u0648\u0647\u0631\u064a\u0629. \u0646\u0644\u0627\u062d\u0638 \u0645\u0646 \u0627\u0644\u0628\u062f\u0627\u064a\u0629 \u0623\u0646\u0646\u0627 \u0646\u0633\u062a\u062e\u062f\u0645 \u062a\u0642\u0646\u064a\u0627\u062a \u0641\u064a \u0633\u0648\u0642 \u0627\u0644\u0635\u0631\u0641 \u0627\u0644\u0623\u062c\u0646\u0628\u064a (FOREX) \u062a\u062a\u062d\u062f \u0628\u0645\u0641\u0647\u0648\u0645 <strong>\u0637\u0631\u0642 \u0627\u0644\u062a\u0646\u0628\u0624 \u0627\u0644\u0643\u0645\u064a\u0629 (Quantitative forecasting methods)<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0647\u0630\u0627 \u064a\u0639\u0646\u064a \u0623\u0646\u0646\u0627 \u0646\u0635\u0641 \u0633\u0644\u0648\u0643 \u0627\u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u0630\u064a \u064a\u0647\u0645\u0646\u0627 \u2013 \u0627\u0644\u0633\u0648\u0642 \u2013 \u0645\u0646 \u062e\u0644\u0627\u0644 \u0645\u062c\u0645\u0648\u0639\u0629 \u0645\u062d\u062f\u062f\u0629 \u0645\u0646 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0631\u0642\u0645\u064a\u0629\u060c \u0648\u064a\u062a\u0645 \u062a\u062d\u062f\u064a\u062f \u0637\u0631\u064a\u0642\u0629 \u0642\u064a\u0627\u0633 \u0643\u0644 \u0645\u0646\u0647\u0627 \u0628\u062f\u0642\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u062e\u0644\u0627\u0644 \u0641\u062a\u0631\u0629 \u0627\u0644\u0645\u0631\u0627\u0642\u0628\u0629 \u0627\u0644\u0637\u0648\u064a\u0644\u0629\u060c \u062a\u064f\u062c\u0645\u0639 \u0625\u062d\u0635\u0627\u0621\u0627\u062a \u0647\u0630\u0647 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a\u060c \u0648\u064a\u0642\u0648\u0645 \u0627\u0644\u062a\u0646\u0628\u0624 \u0628\u0627\u0634\u062a\u0642\u0627\u0642 \u0627\u0644\u0642\u064a\u0645 \u0627\u0644\u0645\u0633\u062a\u0642\u0628\u0644\u064a\u0629 (&#8220;\u063a\u062f\u0627\u064b&#8221;) \u0644\u0647\u0630\u0647 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0633\u062a\u0646\u0627\u062f\u0627\u064b \u0625\u0644\u0649 \u0647\u0630\u0647 \u0627\u0644\u0625\u062d\u0635\u0627\u0621\u0627\u062a\u060c \u0648\u0645\u0646 \u062b\u0645 \u0646\u062a\u062e\u0630 \u0642\u0631\u0627\u0631\u0627\u062a\u0646\u0627.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0625\u0646 \u0648\u062c\u0648\u062f \u0645\u0639\u0627\u064a\u064a\u0631 \u0645\u062d\u062f\u062f\u0629 \u0648\u0642\u0627\u0628\u0644\u0629 \u0644\u0644\u0642\u064a\u0627\u0633 \u0647\u0648 \u0627\u0644\u0641\u0627\u0631\u0642 \u0628\u064a\u0646 <strong>\u0637\u0631\u0642 \u0627\u0644\u062a\u0646\u0628\u0624 \u0627\u0644\u0643\u0645\u064a\u0629 (Quantitative forecasting methods)<\/strong> \u0648\u0627\u0644\u0637\u0631\u0642 \u0627\u0644\u0623\u062e\u0631\u0649 \u2013 \u0645\u062b\u0644 \u0627\u0644\u0637\u0631\u0642 <strong>\u0627\u0644\u062d\u062f\u0633\u064a\u0629<\/strong>\u060c \u0648<strong>\u0627\u0644\u0633\u0644\u0637\u0648\u064a\u0629<\/strong>\u060c \u0648<strong>\u0627\u0644\u0623\u0633\u062a\u0631\u0627\u0644\u064a\u0629<\/strong>\u060c \u0648<strong>\u0627\u0644\u0631\u0648\u062d\u064a\u0629<\/strong> \u2013 \u0627\u0644\u062a\u064a \u064a\u0645\u0643\u0646 \u0623\u064a\u0636\u0627\u064b \u0627\u0633\u062a\u062e\u062f\u0627\u0645\u0647\u0627 \u0645\u0646 \u0642\u0628\u0644 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0644\u0643\u0646\u0647\u0627 \u0644\u064a\u0633\u062a \u0645\u0648\u0636\u0648\u0639 \u0647\u0630\u0627 \u0627\u0644\u062f\u0644\u064a\u0644.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0639\u0646\u062f \u062a\u0637\u0628\u064a\u0642\u0647\u0627 \u0639\u0644\u0649 \u0627\u0644\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629\u060c \u062a\u064f\u0642\u0633\u0645 <strong>\u0637\u0631\u0642 \u0627\u0644\u062a\u0646\u0628\u0624 \u0627\u0644\u0643\u0645\u064a\u0629 (Quantitative forecasting methods)<\/strong>\u060c \u0643\u0645\u0627 \u0647\u0648 \u0645\u0639\u0631\u0648\u0641\u060c \u0625\u0644\u0649 \u0645\u062c\u0645\u0648\u0639\u062a\u064a\u0646 \u0645\u0646 \u0627\u0644\u0646\u0647\u062c \u0627\u0644\u0645\u062e\u062a\u0644\u0641\u0629 \u0628\u0634\u0643\u0644 \u0643\u0628\u064a\u0631:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>\u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0641\u0646\u064a (Technical Analysis)<\/strong>,<\/li>\n\n\n\n<li><strong>\u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0623\u0633\u0627\u0633\u064a (Fundamental Analysis)<\/strong>.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0641\u0646\u064a (Technical Analysis)<\/strong> \u064a\u0642\u0648\u0645 \u0639\u0644\u0649 \u0627\u0644\u0627\u0639\u062a\u0642\u0627\u062f \u0628\u0623\u0646 &#8220;\u0627\u0644\u0633\u0648\u0642 \u064a\u0623\u062e\u0630 \u0643\u0644 \u0634\u064a\u0621 \u0641\u064a \u0627\u0644\u062d\u0633\u0628\u0627\u0646&#8221;\u060c \u0648\u0644\u0630\u0644\u0643 \u0641\u0625\u0646 \u0633\u0644\u0648\u0643 \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u064a\u0639\u0643\u0633 \u0628\u0627\u0644\u0641\u0639\u0644 \u0643\u0644 \u0627\u0644\u0639\u0648\u0627\u0645\u0644 \u0627\u0644\u0647\u0627\u0645\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0625\u0630\u0627 \u0643\u0627\u0646 \u0627\u0644\u0633\u0648\u0642 \u0641\u0639\u0627\u0644\u0627\u064b \u062d\u0642\u0627\u064b\u060c \u0641\u0625\u0646 \u062a\u062d\u0631\u0643\u0627\u062a\u0647 \u0647\u064a \u0646\u062a\u064a\u062c\u0629 \u0644\u0642\u0631\u0627\u0631\u0627\u062a \u0639\u062f\u062f \u0643\u0628\u064a\u0631 \u0645\u0646 \u0627\u0644\u0645\u0634\u0627\u0631\u0643\u064a\u0646 \u0627\u0644\u0630\u064a\u0646 \u064a\u0633\u062a\u062e\u062f\u0645\u0648\u0646 \u062c\u0645\u064a\u0639 \u0627\u0644\u0645\u0639\u0644\u0648\u0645\u0627\u062a \u0627\u0644\u0645\u062a\u0627\u062d\u0629 \u0639\u0646\u062f \u0627\u062a\u062e\u0627\u0630 \u0642\u0631\u0627\u0631\u0627\u062a\u0647\u0645 \u0628\u0634\u0623\u0646 \u0627\u0644\u0635\u0641\u0642\u0627\u062a.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u062a\u0643\u0648\u0646 \u0646\u062a\u064a\u062c\u0629 \u0647\u0630\u0647 \u0627\u0644\u0642\u0631\u0627\u0631\u0627\u062a \u0647\u064a \u062d\u0631\u0643\u0629 \u0627\u0644\u0623\u0633\u0639\u0627\u0631\u060c \u0648\u0645\u0646 \u062e\u0644\u0627\u0644 \u0645\u0631\u0627\u0642\u0628\u062a\u0647\u0627\u060c \u062a\u062d\u0635\u0644 \u0639\u0644\u0649 \u0643\u0627\u0641\u0629 \u0627\u0644\u0645\u0639\u0644\u0648\u0645\u0627\u062a \u0627\u0644\u0633\u0648\u0642\u064a\u0629. \u0641\u064a \u0627\u0644\u0648\u0627\u0642\u0639\u060c \u064a\u062d\u062a\u0627\u062c \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644 \u0625\u0644\u0649 \u0627\u0644\u0642\u0644\u064a\u0644 \u062c\u062f\u0627\u064b \u2013 \u0645\u062c\u0631\u062f \u0645\u0639\u0631\u0641\u0629 \u0627\u062a\u062c\u0627\u0647 \u0627\u0644\u062a\u062d\u0631\u0643\u0627\u062a.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u064a\u0648\u0641\u0631 \u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0641\u0646\u064a (Technical Analysis)<\/strong> \u0639\u062f\u062f\u064b\u0627 \u0643\u0628\u064a\u0631\u064b\u0627 \u0645\u0646 \u0627\u0644\u0623\u062f\u0648\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u062a\u064a\u062d \u0627\u0633\u062a\u0646\u0628\u0627\u0637 \u062a\u0648\u0642\u0639\u0627\u062a \u0642\u064a\u0645\u0629 \u0645\u0646 \u0631\u0633\u0648\u0645 \u0627\u0644\u0623\u0633\u0639\u0627\u0631.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u062a\u0648\u062c\u062f \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0627\u0644\u0643\u062a\u0628 \u0627\u0644\u062c\u064a\u062f\u0629 \u0627\u0644\u0645\u062e\u0635\u0635\u0629 \u0644\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0641\u0646\u064a (Technical Analysis)\u060c \u0648\u0644\u0646 \u0646\u062a\u0639\u0645\u0642 \u0641\u064a\u0647\u0627 \u0647\u0646\u0627\u061b \u0628\u0644 \u0633\u0646\u0631\u0643\u0632 \u0639\u0644\u0649 \u062a\u0644\u0643 \u0627\u0644\u0638\u0648\u0627\u0647\u0631 \u0627\u0644\u062a\u064a \u0644\u0627 \u064a\u0623\u062e\u0630\u0647\u0627 <strong>\u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0641\u0646\u064a (Technical Analysis)<\/strong> \u0628\u0639\u064a\u0646 \u0627\u0644\u0627\u0639\u062a\u0628\u0627\u0631.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0643\u0644\u0627 \u0645\u0646 <strong>\u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0641\u0646\u064a (Technical Analysis)<\/strong> \u0648<strong>\u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0623\u0633\u0627\u0633\u064a (Fundamental Analysis)<\/strong> \u0647\u0645\u0627 \u0625\u062d\u0635\u0627\u0621\u0627\u062a \u0633\u0648\u0642\u064a\u0629. \u0648\u0645\u0639 \u0630\u0644\u0643\u060c \u064a\u0646\u0638\u0631 <strong>\u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0623\u0633\u0627\u0633\u064a (Fundamental Analysis)<\/strong> \u0625\u0644\u0649 \u0627\u0644\u0633\u0648\u0642 \u0645\u0646 \u0632\u0627\u0648\u064a\u0629 \u0645\u062e\u062a\u0644\u0641\u0629 \u0639\u0646 <strong>\u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0641\u0646\u064a (Technical Analysis)<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0628\u063a\u0636 \u0627\u0644\u0646\u0638\u0631 \u0639\u0646 \u0645\u062f\u0649 \u0639\u0638\u0645\u0629 \u0633\u0648\u0642 <strong>\u0641\u0648\u0631\u0643\u0633 (FOREX)<\/strong>\u060c \u0641\u0625\u0646\u0647 \u0644\u0627 \u064a\u0632\u0627\u0644 \u062c\u0632\u0621\u0627\u064b \u0645\u0646 \u0643\u0648\u0646 \u0623\u0648\u0633\u0639\u060c \u0648\u0627\u0644\u0643\u062b\u064a\u0631 \u0645\u0645\u0627 \u064a\u062d\u062f\u062b \u0641\u064a\u0647 \u064a\u0624\u062b\u0631 \u0639\u0644\u0649 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0635\u0631\u0641.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u062a\u0624\u062b\u0631 \u0627\u0644\u062a\u063a\u064a\u0631\u0627\u062a \u0641\u064a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u0627\u062a \u0627\u0644\u0648\u0637\u0646\u064a\u0629\u060c \u0648\u0627\u0644\u0627\u0646\u062a\u062e\u0627\u0628\u0627\u062a \u0627\u0644\u0633\u064a\u0627\u0633\u064a\u0629 \u0627\u0644\u062a\u064a \u062a\u062d\u062f\u062f \u0633\u064a\u0627\u0633\u0627\u062a \u0627\u0644\u062c\u0647\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629\u060c \u0648\u0627\u0644\u0643\u0648\u0627\u0631\u062b \u0627\u0644\u0637\u0628\u064a\u0639\u064a\u0629 \u2013 \u062c\u0645\u064a\u0639\u0647\u0627 \u062a\u0624\u062b\u0631 \u0639\u0644\u0649 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0635\u0631\u0641.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0625\u0630\u0627 \u0643\u0627\u0646\u062a \u0628\u0639\u0636 \u0647\u0630\u0647 \u0627\u0644\u0623\u062d\u062f\u0627\u062b \u0644\u0627 \u064a\u0645\u0643\u0646 \u0627\u0644\u062a\u0646\u0628\u0624 \u0628\u0647\u0627\u060c \u0641\u0625\u0646 \u0627\u0644\u0628\u0639\u0636 \u0627\u0644\u0622\u062e\u0631 \u064a\u0643\u0648\u0646 \u0645\u062e\u0637\u0637\u0627\u064b \u0644\u0647 \u0645\u0633\u0628\u0642\u0627\u064b (\u0639\u0644\u0649 \u0633\u0628\u064a\u0644 \u0627\u0644\u0645\u062b\u0627\u0644\u060c \u064a\u062a\u0645 \u062c\u062f\u0648\u0644\u0629 \u0635\u062f\u0648\u0631 \u0627\u0644\u0623\u062e\u0628\u0627\u0631 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0642\u0628\u0644 \u0623\u0634\u0647\u0631) \u0623\u0648 \u064a\u0645\u0643\u0646 \u0627\u0644\u062a\u0646\u0628\u0624 \u0628\u0647 \u062a\u0645\u0627\u0645\u0627\u064b.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0644\u0630\u0644\u0643\u060c \u0625\u0630\u0627 \u0648\u0636\u0639\u062a \u062a\u0648\u0642\u0639\u0627\u062a \u0645\u0646\u0637\u0642\u064a\u0629 \u0648\u0641\u064a \u0627\u0644\u0648\u0642\u062a \u0627\u0644\u0645\u0646\u0627\u0633\u0628\u060c \u064a\u0645\u0643\u0646\u0643 \u0627\u0644\u062a\u0646\u0628\u0624 \u0628\u062a\u062d\u0631\u0643\u0627\u062a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0635\u0631\u0641 \u0627\u0644\u0645\u0633\u062a\u0642\u0628\u0644\u064a\u0629 \u0648\u0627\u0644\u0627\u0633\u062a\u0641\u0627\u062f\u0629 \u0645\u0646\u0647\u0627.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0645\u062b\u0627\u0644 \u0623\u0633\u0637\u0648\u0631\u064a \u0639\u0644\u0649 \u0627\u0644\u0641\u0647\u0645 \u0627\u0644\u0635\u062d\u064a\u062d\u060c \u0648\u0627\u0644\u062a\u0646\u0628\u0624 \u0627\u0644\u0645\u0646\u0627\u0633\u0628\u060c \u0648\u0627\u0644\u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0627\u0644\u0646\u0627\u062c\u062d \u0644\u0644\u0648\u0636\u0639 \u0627\u0644\u062d\u0627\u0644\u064a \u0647\u0648 \u0639\u0645\u0644\u064a\u0627\u062a <strong>\u062c\u0648\u0631\u062c \u0633\u0648\u0631\u0648\u0633 (George Soros)<\/strong>\u060c \u0627\u0644\u0630\u064a \u062a\u0646\u0628\u0623 \u0628\u0627\u0646\u062e\u0641\u0627\u0636 \u0627\u0644\u062c\u0646\u064a\u0647 \u0627\u0644\u0625\u0633\u062a\u0631\u0644\u064a\u0646\u064a \u0627\u0644\u0648\u0634\u064a\u0643.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0648\u0642\u0628\u0644 \u0630\u0644\u0643 \u0628\u0648\u0642\u062a \u0642\u0635\u064a\u0631\u060c \u0639\u0627\u062f \u0627\u0644\u062c\u0646\u064a\u0647 \u0625\u0644\u0649 \u0622\u0644\u064a\u0629 \u0633\u0639\u0631 \u0627\u0644\u0635\u0631\u0641 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629 (<strong>ERM<\/strong>)\u060c \u0627\u0644\u062a\u064a \u062c\u0645\u0639\u062a \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u062a\u062d\u062a \u0622\u0644\u064a\u0629 \u0648\u0627\u062d\u062f\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0628\u0627\u062e\u062a\u0635\u0627\u0631\u060c \u0643\u0627\u0646\u062a \u0645\u0647\u0645\u0629 \u0622\u0644\u064a\u0629 \u0627\u0644\u062a\u0646\u0638\u064a\u0645 (<strong>ERM<\/strong>) \u0647\u064a \u062a\u062d\u062f\u064a\u062f \u0623\u0633\u0639\u0627\u0631 \u0635\u0631\u0641 \u0645\u0631\u0643\u0632\u064a\u0629 \u0644\u0643\u0644 \u0632\u0648\u062c \u0639\u0645\u0644\u0627\u062a\u060c \u0648\u0645\u0646 \u0647\u0630\u0647 \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0645\u062d\u062f\u062f\u0629 \u0644\u0645 \u064a\u0643\u0646 \u0628\u0625\u0645\u0643\u0627\u0646 \u0627\u0644\u0639\u0645\u0644\u0629 \u0623\u0646 \u062a\u0646\u062d\u0631\u0641 \u0628\u0623\u0643\u062b\u0631 \u0645\u0646 \u0646\u0633\u0628\u0629 \u0645\u0639\u064a\u0646\u0629. \u0648\u0647\u0643\u0630\u0627 \u0643\u0627\u0646\u062a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0635\u0631\u0641 \u062a\u062a\u0623\u0631\u062c\u062d \u062f\u0627\u062e\u0644 \u0646\u0637\u0627\u0642\u0627\u062a\u0647\u0627\u060c \u0645\u062b\u0644 \u062d\u0631\u0643\u0629 \u0623\u0641\u0639\u0649 (\u0648\u0644\u0647\u0630\u0627 \u0633\u064f\u0645\u064a \u0627\u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u062a\u0646\u0638\u064a\u0645\u064a \u0628\u0640 &#8220;\u062b\u0639\u0628\u0627\u0646 \u0627\u0644\u0639\u0645\u0644\u0627\u062a&#8221;).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0625\u0630\u0627 \u0644\u0645 \u062a\u0643\u0646 \u0622\u0644\u064a\u0627\u062a \u0627\u0644\u062a\u0646\u0638\u064a\u0645 \u0627\u0644\u0646\u0642\u062f\u064a \u0627\u0644\u062a\u0642\u0644\u064a\u062f\u064a\u0629 (\u0648\u062e\u0627\u0635\u0629 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629) \u0643\u0627\u0641\u064a\u0629 \u0644\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629 \u0644\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0636\u0645\u0646 \u0647\u0630\u0647 \u0627\u0644\u0646\u0637\u0627\u0642\u0627\u062a\u060c \u0641\u0643\u0627\u0646 \u064a\u062a\u0645 \u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0627\u0644\u062a\u062f\u062e\u0644 \u0627\u0644\u0645\u0628\u0627\u0634\u0631 \u0641\u064a \u0627\u0644\u0639\u0645\u0644\u0629. \u0639\u0646\u062f \u062d\u062f\u0648\u062f \u0627\u0644\u0646\u0637\u0627\u0642\u060c \u0643\u0627\u0646 \u0639\u0644\u0649 \u0643\u0644 \u0628\u0646\u0643 \u0645\u0631\u0643\u0632\u064a \u0645\u0646 \u0627\u0644\u0637\u0631\u0641\u064a\u0646 \u0634\u0631\u0627\u0621 \u0623\u0648 \u0628\u064a\u0639 \u0639\u0645\u0644\u062a\u0647 \u0645\u0642\u0627\u0628\u0644 \u0639\u0645\u0644\u0629 \u0627\u0644\u0634\u0631\u064a\u0643 \u0644\u062a\u0635\u062d\u064a\u062d \u0627\u0644\u0645\u0633\u0627\u0631 \u0648\u0625\u0639\u0627\u062f\u062a\u0647\u0627 \u0625\u0644\u0649 \u062f\u0627\u062e\u0644 \u0627\u0644\u0646\u0637\u0627\u0642.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u062d\u062f\u062b \u0623\u0646 \u0627\u0644\u062c\u0646\u064a\u0647 \u062f\u062e\u0644 \u0647\u0630\u0627 \u0627\u0644\u0646\u0638\u0627\u0645 \u0628\u0633\u0639\u0631 \u0635\u0631\u0641 \u0645\u0631\u062a\u0641\u0639 \u062c\u062f\u0627\u064b \u0645\u0642\u0627\u0631\u0646\u0629\u064b \u0628\u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0623\u062e\u0631\u0649. \u0641\u0639\u0644\u0649 \u0633\u0628\u064a\u0644 \u0627\u0644\u0645\u062b\u0627\u0644\u060c \u062a\u0645 \u062a\u062d\u062f\u064a\u062f \u0633\u0639\u0631 \u0635\u0631\u0641\u0647 \u0645\u0642\u0627\u0628\u0644 \u0627\u0644\u0645\u0627\u0631\u0643 \u0627\u0644\u0623\u0644\u0645\u0627\u0646\u064a \u0639\u0646\u062f 2.95 \u0645\u0627\u0631\u0643 \u0644\u0643\u0644 \u062c\u0646\u064a\u0647.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0644\u0645 \u062a\u0643\u0646 \u0627\u0644\u0623\u0648\u0636\u0627\u0639 \u0633\u0647\u0644\u0629 \u0641\u064a \u0623\u0648\u0631\u0648\u0628\u0627\u061b \u0628\u0639\u062f \u0644\u0645 \u0634\u0645\u0644 \u0623\u0644\u0645\u0627\u0646\u064a\u0627 \u0648\u063a\u064a\u0631\u0647\u0627 \u0645\u0646 \u0627\u0644\u0623\u062d\u062f\u0627\u062b \u0627\u0644\u0634\u0647\u064a\u0631\u0629 \u0641\u064a \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u0627\u062a\u060c \u0648\u0627\u062c\u0647\u062a \u0627\u0644\u0643\u062b\u064a\u0631 \u0645\u0646 \u0627\u0644\u0645\u0634\u0643\u0644\u0627\u062a.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0641\u064a <strong>\u0625\u0646\u062c\u0644\u062a\u0631\u0627<\/strong>\u060c \u0643\u0627\u0646\u062a \u0627\u0644\u062d\u0627\u0644\u0629 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0641\u064a \u0623\u062f\u0646\u0649 \u0645\u0633\u062a\u0648\u064a\u0627\u062a \u0627\u0644\u062f\u0648\u0631\u0629 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629\u060c \u0645\u0635\u062d\u0648\u0628\u0629 \u0628\u062a\u0636\u062e\u0645 \u0639\u0627\u0644\u064d \u0648\u0623\u0633\u0639\u0627\u0631 \u0641\u0627\u0626\u062f\u0629 \u0645\u0631\u062a\u0641\u0639\u0629\u060c \u0648\u062a\u0631\u0627\u062c\u0639 \u0627\u0644\u0625\u0646\u062a\u0627\u062c\u060c \u0648\u0627\u0631\u062a\u0641\u0627\u0639 \u0645\u0639\u062f\u0644\u0627\u062a \u0627\u0644\u0628\u0637\u0627\u0644\u0629\u060c \u0648\u063a\u064a\u0631\u0647\u0627.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0644\u062a\u0646\u0641\u064a\u0630 \u0627\u0644\u0627\u0644\u062a\u0632\u0627\u0645\u0627\u062a \u0627\u0644\u0645\u062a\u0641\u0642 \u0639\u0644\u064a\u0647\u0627 \u0644\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0635\u0631\u0641\u060c \u0623\u0646\u0641\u0642\u062a \u0627\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629 \u0645\u0628\u0627\u0644\u063a \u0636\u062e\u0645\u0629 \u0645\u0646 \u0627\u0644\u0639\u0645\u0644\u0627\u062a\u061b \u0641\u0642\u062f \u0623\u0646\u0641\u0642\u062a <strong>\u0628\u0648\u0646\u062f\u0633\u0628\u0646\u0643<\/strong> (Bundesbank) \u0645\u0644\u064a\u0627\u0631\u0627\u062a \u0627\u0644\u062f\u0648\u0644\u0627\u0631\u0627\u062a\u060c \u062d\u064a\u062b \u0643\u0627\u0646 \u0627\u0644\u062c\u0646\u064a\u0647 \u064a\u0646\u062e\u0641\u0636 \u0628\u0627\u0633\u062a\u0645\u0631\u0627\u0631 \u0645\u0642\u0627\u0628\u0644 \u0627\u0644\u0645\u0627\u0631\u0643 \u0627\u0644\u0623\u0644\u0645\u0627\u0646\u064a.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0648\u0646\u062a\u064a\u062c\u0629 \u0644\u0630\u0644\u0643\u060c \u0627\u0633\u062a\u0646\u0641\u062f <strong>\u0628\u0646\u0643 \u0625\u0646\u062c\u0644\u062a\u0631\u0627 (BOE)<\/strong> \u0643\u0644 \u0627\u0644\u0625\u0645\u0643\u0627\u0646\u064a\u0627\u062a \u0627\u0644\u0645\u062a\u0627\u062d\u0629 \u0644\u0644\u062d\u0641\u0627\u0638 \u0639\u0644\u0649 \u0633\u0639\u0631 \u0635\u0631\u0641 \u0627\u0644\u062c\u0646\u064a\u0647 \u0648\u0641\u0642\u0627\u064b \u0644\u0645\u062a\u0637\u0644\u0628\u0627\u062a \u0622\u0644\u064a\u0629 \u0627\u0644\u062a\u0646\u0638\u064a\u0645 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0644\u0645 \u064a\u0639\u062f \u0628\u0627\u0644\u0625\u0645\u0643\u0627\u0646 \u0631\u0641\u0639 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0623\u0643\u062b\u0631 \u2013 \u0625\u0630 \u0643\u0627\u0646\u062a \u0645\u0631\u062a\u0641\u0639\u0629 \u0628\u0627\u0644\u0641\u0639\u0644\u060c \u0645\u0645\u0627 \u062e\u0644\u0642 \u0645\u0634\u0627\u0643\u0644 \u0625\u0636\u0627\u0641\u064a\u0629 \u0641\u064a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u060c \u062e\u0627\u0635\u0629 \u0632\u064a\u0627\u062f\u0629 \u0645\u0639\u062f\u0644\u0627\u062a \u0627\u0644\u0628\u0637\u0627\u0644\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0641\u064a \u0627\u0644\u0646\u0647\u0627\u064a\u0629\u060c \u0627\u062a\u062e\u0630 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0642\u0631\u0627\u0631 \u0627\u0644\u062d\u062a\u0645\u064a \u0628\u0627\u0644\u0633\u0645\u0627\u062d \u0644\u0644\u0633\u0648\u0642 \u0628\u062a\u0646\u0638\u064a\u0645 \u0642\u064a\u0645\u0629 \u0627\u0644\u062c\u0646\u064a\u0647\u060c \u0627\u0644\u0630\u064a \u0627\u0646\u0647\u0627\u0631 \u0639\u0644\u0649 \u0627\u0644\u0641\u0648\u0631\u060c \u0645\u0645\u0627 \u062f\u0641\u0639 <strong>\u0625\u0646\u062c\u0644\u062a\u0631\u0627<\/strong> \u0625\u0644\u0649 \u0627\u0644\u0627\u0646\u0633\u062d\u0627\u0628 \u0645\u0646 \u0622\u0644\u064a\u0629 \u0633\u0639\u0631 \u0627\u0644\u0635\u0631\u0641 \u0627\u0644\u0623\u0648\u0631\u0648\u0628\u064a\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0623\u062f\u0649 \u0627\u0644\u0641\u0647\u0645 \u0627\u0644\u0635\u062d\u064a\u062d \u0644\u062c\u0648\u0647\u0631 \u0627\u0644\u0648\u0636\u0639 \u0648\u0627\u0644\u062a\u0646\u0628\u0624 \u0628\u0646\u062a\u0627\u0626\u062c\u0647 \u0625\u0644\u0649 \u0623\u0646 \u064a\u062a\u0645\u0643\u0646 <strong>\u0633\u0648\u0631\u0648\u0633<\/strong> \u0645\u0646 \u0648\u0636\u0639 \u0627\u0644\u0631\u0647\u0627\u0646\u0627\u062a \u0627\u0644\u0645\u0646\u0627\u0633\u0628\u0629 \u0636\u062f \u0627\u0644\u062c\u0646\u064a\u0647 \u0641\u064a \u0627\u0644\u0648\u0642\u062a \u0627\u0644\u0645\u0646\u0627\u0633\u0628 \u0648\u062c\u0646\u064a \u0645\u0644\u064a\u0627\u0631 \u062f\u0648\u0644\u0627\u0631.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0644\u0647\u0630\u0627\u060c \u0641\u0625\u0646 \u0627\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629 \u0644\u0627 \u062a\u0633\u062a\u062e\u062f\u0645 \u062a\u062f\u062e\u0644\u0627\u062a\u0647\u0627 \u0641\u064a \u0627\u0644\u0635\u0631\u0641 \u0627\u0644\u0623\u062c\u0646\u0628\u064a \u0641\u062d\u0633\u0628 \u0644\u062a\u0648\u062c\u064a\u0647 \u0627\u0644\u0633\u0648\u0642\u060c \u0628\u0644 \u062a\u0641\u0643\u0631 \u0627\u0633\u062a\u0631\u0627\u062a\u064a\u062c\u064a\u0627\u064b. \u0639\u0644\u0649 \u0633\u0628\u064a\u0644 \u0627\u0644\u0645\u062b\u0627\u0644\u060c \u064a\u064f\u0642\u0627\u0644 \u0625\u0646 <strong>\u0622\u0644\u0627\u0646 \u063a\u0631\u064a\u0646\u0633\u0628\u0627\u0646 (Alan Greenspan)<\/strong>\u060c \u0631\u0626\u064a\u0633 \u0645\u062c\u0644\u0633 \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u0627\u062d\u062a\u064a\u0627\u0637\u064a \u0627\u0644\u0641\u064a\u062f\u0631\u0627\u0644\u064a \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a (<strong>FED<\/strong>)\u060c \u0647\u0648 \u0645\u062d\u0644\u0644 \u062a\u0642\u0646\u064a \u0645\u0645\u062a\u0627\u0632 \u0639\u0646\u062f \u062f\u0631\u0627\u0633\u0629 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629. \u0641\u0647\u0648 \u064a\u0648\u0627\u0635\u0644 \u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0625\u062d\u0635\u0627\u0621\u0627\u062a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629\u060c \u0648\u064a\u0641\u062d\u0635 \u0643\u0644 \u0634\u064a\u0621 \u0628\u062f\u0621\u0627\u064b \u0645\u0646 \u0623\u0633\u0639\u0627\u0631 \u062e\u0631\u062f\u0629 \u0627\u0644\u0645\u0639\u0627\u062f\u0646 \u0628\u062d\u062b\u0627\u064b \u0639\u0646 \u0645\u0624\u0634\u0631\u0627\u062a \u0644\u0645\u0633\u062a\u0642\u0628\u0644 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f. \u0639\u0644\u0627\u0648\u0629 \u0639\u0644\u0649 \u0630\u0644\u0643\u060c \u064a\u062c\u0628 \u0639\u0644\u064a\u0646\u0627 \u0646\u062d\u0646 \u0623\u0635\u062d\u0627\u0628 \u0627\u0644\u0645\u0648\u0627\u0631\u062f \u0627\u0644\u0645\u062d\u062f\u0648\u062f\u0629 \u0623\u0646 \u0646\u0643\u0648\u0646 \u0642\u0627\u062f\u0631\u064a\u0646 \u0639\u0644\u0649 \u062a\u062d\u0644\u064a\u0644 \u0645\u0639\u0644\u0648\u0645\u0627\u062a \u0627\u0644\u0633\u0648\u0642 \u0648\u0627\u0633\u062a\u062e\u0644\u0627\u0635 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u062f\u0644 \u0639\u0644\u0649 \u062a\u0648\u062c\u0647\u0627\u062a\u0647.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-\u0627\u0644\u0646\u0642\u0648\u062f-\u0648\u0623\u0633\u0639\u0627\u0631-\u0627\u0644\u0641\u0627\u0626\u062f\u0629\">\u0627\u0644\u0646\u0642\u0648\u062f \u0648\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u0643\u0644 \u0627\u0644\u0625\u062c\u0631\u0627\u0621\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u0642\u0648\u0645 \u0628\u0647\u0627 \u0627\u0644\u062c\u0647\u0627\u062a \u0627\u0644\u062a\u0646\u0638\u064a\u0645\u064a\u0629 \u0627\u0644\u062d\u0643\u0648\u0645\u064a\u0629\u060c \u0648\u062e\u0635\u0648\u0635\u0627\u064b \u0627\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629 (Central Bank)\u060c \u0648\u0627\u0644\u062a\u064a \u062a\u0624\u062b\u0631 \u0639\u0644\u0649 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0648\u062f\u0648\u0631\u0627\u0646 \u0627\u0644\u0646\u0642\u0648\u062f\u060c \u0647\u064a \u0639\u0648\u0627\u0645\u0644 \u0623\u0633\u0627\u0633\u064a\u0629 \u062a\u0624\u062b\u0631 \u0639\u0644\u0649 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0635\u0631\u0641.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u064a\u062a\u062d\u062f\u062f \u0633\u0639\u0631 \u0627\u0644\u0639\u0645\u0644\u0629 \u0628\u0634\u0643\u0644 \u0623\u0633\u0627\u0633\u064a \u0628\u0646\u0627\u0621\u064b \u0639\u0644\u0649 \u0627\u0644\u0639\u0631\u0636 \u0648\u0627\u0644\u0637\u0644\u0628 \u0627\u0644\u0645\u0631\u062a\u0628\u0637\u064a\u0646 \u0628\u062a\u0644\u0643 \u0627\u0644\u0639\u0645\u0644\u0629 \u0641\u064a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u062f\u0648\u0644\u064a\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0644\u0630\u0644\u0643\u060c \u064a\u062a\u0645 \u062a\u062d\u062f\u064a\u062f \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0635\u0631\u0641 \u0644\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0628\u0648\u0627\u0633\u0637\u0629 \u0627\u0644\u0633\u0648\u0642\u060c \u0644\u0643\u0646 \u0644\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629 \u0645\u062c\u0645\u0648\u0639\u0629 \u0645\u0646 \u0627\u0644\u0623\u062f\u0648\u0627\u062a \u0627\u0644\u062a\u064a \u064a\u0645\u0643\u0646\u0647\u0627 \u0645\u0646 \u062e\u0644\u0627\u0644\u0647\u0627 \u0627\u0644\u062a\u0623\u062b\u064a\u0631 \u0628\u0634\u0643\u0644 \u0643\u0628\u064a\u0631 \u0639\u0644\u0649 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0635\u0631\u0641.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u062a\u0633\u062a\u062e\u062f\u0645 \u0627\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629 (Central Bank)<\/strong> \u0647\u0630\u0647 \u0627\u0644\u0623\u062f\u0648\u0627\u062a \u0628\u0646\u0627\u0621\u064b \u0639\u0644\u0649 \u0623\u0647\u062f\u0627\u0641 \u0633\u064a\u0627\u0633\u062a\u0647\u0627 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 (\u0648\u0623\u0647\u0645\u0647\u0627 \u0627\u0633\u062a\u0642\u0631\u0627\u0631 \u0627\u0644\u0639\u0645\u0644\u0629 \u0627\u0644\u0648\u0637\u0646\u064a\u0629) \u0648\u0627\u0644\u062d\u0627\u0644\u0629 \u0627\u0644\u062e\u0627\u0635\u0629 \u0627\u0644\u062a\u064a \u064a\u062d\u062f\u062f\u0647\u0627 \u0648\u0636\u0639 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u060c \u0648\u0627\u0644\u0645\u0631\u0643\u0632 \u0627\u0644\u062a\u0646\u0627\u0641\u0633\u064a \u0644\u0644\u0628\u0644\u062f \u0641\u064a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0639\u0627\u0644\u0645\u064a\u060c \u0648\u0627\u0644\u0639\u0648\u0627\u0645\u0644 \u0627\u0644\u0633\u064a\u0627\u0633\u064a\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0644\u0630\u0644\u0643\u060c \u064a\u0631\u0627\u0642\u0628 \u0627\u0644\u0633\u0648\u0642 \u0639\u0646 \u0643\u062b\u0628 \u0644\u064a\u0633 \u0641\u0642\u0637 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f \u0628\u0644 \u0623\u064a\u0636\u0627\u064b \u0627\u0644\u0625\u062d\u0635\u0627\u0621\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0644\u0644\u062f\u0648\u0644 \u0627\u0644\u0631\u0627\u0626\u062f\u0629 \u0641\u064a \u0627\u0644\u062a\u062f\u0627\u0648\u0644\u060c \u0641\u064a \u0645\u062d\u0627\u0648\u0644\u0629 \u0644\u0644\u062a\u0646\u0628\u0624 \u0628\u0625\u062c\u0631\u0627\u0621\u0627\u062a \u0627\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629 \u0628\u0646\u0627\u0621\u064b \u0639\u0644\u064a\u0647\u0627.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0625\u0646 \u0627\u0644\u062a\u0639\u0631\u0641 \u0639\u0644\u0649 \u0645\u0628\u0627\u062f\u0626 \u0627\u0644\u0639\u0644\u0648\u0645 \u0627\u0644\u0646\u0642\u062f\u064a\u0629 \u0648\u0641\u0647\u0645 \u0633\u064a\u0627\u0633\u0627\u062a \u0627\u0644\u062c\u0647\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0636\u0631\u0648\u0631\u0629 \u0644\u0643\u0644 \u0645\u062a\u062f\u0627\u0648\u0644 \u064a\u0631\u063a\u0628 \u0641\u064a \u062a\u062e\u0637\u064a\u0637 \u0639\u0645\u0644\u0647 \u0628\u0634\u0643\u0644 \u0645\u0646\u0638\u0645 \u0641\u064a \u0633\u0648\u0642 \u0627\u0644\u0635\u0631\u0641 \u0627\u0644\u0623\u062c\u0646\u0628\u064a.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-1-nbsp-\u0645\u0624\u0634\u0631\u0627\u062a-\u0627\u0644\u0625\u062d\u0635\u0627\u0621\u0627\u062a-\u0627\u0644\u0646\u0642\u062f\u064a\u0629\">1.&nbsp;\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0625\u062d\u0635\u0627\u0621\u0627\u062a \u0627\u0644\u0646\u0642\u062f\u064a\u0629<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u064a\u064f\u0639\u062f \u062d\u062c\u0645 \u0627\u0644\u0646\u0642\u0648\u062f \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 (<strong>\u0639\u0631\u0636 \u0627\u0644\u0646\u0642\u0648\u062f (Money Supply)<\/strong>) \u0623\u062d\u062f \u0627\u0644\u0639\u0648\u0627\u0645\u0644 \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0629 \u0627\u0644\u062a\u064a \u062a\u0634\u0643\u0644 \u0633\u0639\u0631 \u0627\u0644\u0635\u0631\u0641.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0641\u0632\u064a\u0627\u062f\u0629 \u0643\u0645\u064a\u0629 \u0639\u0645\u0644\u0629 \u0645\u0627 \u064a\u0624\u062f\u064a \u0625\u0644\u0649 \u0632\u064a\u0627\u062f\u0629 \u0639\u0631\u0636\u0647\u0627 \u0641\u064a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u062f\u0648\u0644\u064a\u0629 \u0645\u0645\u0627 \u064a\u0633\u0628\u0628 \u0627\u0646\u062e\u0641\u0627\u0636 \u0642\u064a\u0645\u062a\u0647\u0627 \u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0644\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0623\u062e\u0631\u0649.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0648\u0628\u0627\u0644\u0645\u062b\u0644\u060c \u0641\u0625\u0646 \u0646\u0642\u0635 \u0627\u0644\u0639\u0645\u0644\u0629\u060c \u0645\u0639 \u0648\u062c\u0648\u062f \u0637\u0644\u0628 \u0639\u0644\u064a\u0647\u0627\u060c \u064a\u0624\u062f\u064a \u0625\u0644\u0649 \u0627\u0631\u062a\u0641\u0627\u0639 \u0633\u0639\u0631\u0647\u0627.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u062a\u064f\u0642\u0627\u0633 \u0643\u0645\u064a\u0629 \u0627\u0644\u0646\u0642\u0648\u062f \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u0629 \u0628\u0627\u0633\u062a\u062e\u062f\u0627\u0645 \u0645\u0627 \u064a\u064f\u0639\u0631\u0641 \u0628\u0640 <strong>\u0627\u0644\u0645\u062c\u0627\u0645\u064a\u0639 \u0627\u0644\u0646\u0642\u062f\u064a\u0629 (Monetary Aggregates)<\/strong>\u060c \u0627\u0644\u062a\u064a \u062a\u0623\u062e\u0630 \u0641\u064a \u0627\u0644\u0627\u0639\u062a\u0628\u0627\u0631 \u0643\u0645\u064a\u0629 \u0627\u0644\u0646\u0642\u0648\u062f \u0628\u0623\u0646\u0648\u0627\u0639\u0647\u0627 \u0627\u0644\u0645\u062e\u062a\u0644\u0641\u0629 \u0648\u062a\u0639\u0643\u0633 \u062a\u0631\u0643\u064a\u0628 \u0639\u0631\u0636 \u0627\u0644\u0646\u0642\u0648\u062f.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u064a\u062a\u0645 \u062a\u0639\u0631\u064a\u0641 <strong>\u0627\u0644\u0645\u062c\u0627\u0645\u064a\u0639 \u0627\u0644\u0646\u0642\u062f\u064a\u0629 (Monetary Aggregates)<\/strong> \u0628\u0637\u0631\u0642 \u0645\u062e\u062a\u0644\u0641\u0629 \u0641\u064a \u062f\u0648\u0644 \u0623\u062e\u0631\u0649\u060c \u0644\u0643\u0646 \u0645\u0639\u0646\u0627\u0647\u0627 \u0627\u0644\u0639\u0627\u0645 \u0645\u062a\u0634\u0627\u0628\u0647 \u062c\u062f\u0627\u064b.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0643\u0645\u0627 \u0647\u0648 \u0645\u062a\u0639\u0627\u0631\u0641 \u0639\u0644\u064a\u0647\u060c \u0633\u0646\u0646\u0638\u0631 \u0647\u0646\u0627 \u0625\u0644\u0649 \u0627\u0644\u0635\u064a\u063a\u0629 \u0627\u0644\u0645\u0639\u062a\u0645\u062f\u0629 \u0641\u064a \u0627\u0644\u0646\u0638\u0627\u0645 \u0627\u0644\u0645\u0635\u0631\u0641\u064a \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u060c \u062d\u064a\u062b \u062a\u064f\u0635\u062f\u0631 \u0628\u064a\u0627\u0646\u0627\u062a \u0644\u0623\u0631\u0628\u0639\u0629 <strong>\u0645\u062c\u0627\u0645\u064a\u0639 \u0646\u0642\u062f\u064a\u0629 (Monetary Aggregates)<\/strong>:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8211; <strong>M1<\/strong> &#8211; \u0627\u0644\u0646\u0642\u062f \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644 \u062e\u0627\u0631\u062c \u0627\u0644\u0628\u0646\u0648\u0643\u060c \u0634\u064a\u0643\u0627\u062a \u0627\u0644\u0645\u0633\u0627\u0641\u0631\u064a\u0646\u060c \u0627\u0644\u0648\u062f\u0627\u0626\u0639 \u0627\u0644\u062c\u0627\u0631\u064a\u0629 \u0648\u0623\u0646\u0648\u0627\u0639 \u0627\u0644\u0648\u062f\u0627\u0626\u0639 \u0627\u0644\u0623\u062e\u0631\u0649\u061b<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8211; <strong>M2<\/strong> = <strong>M1<\/strong> + \u0627\u0644\u0648\u062f\u0627\u0626\u0639 \u0627\u0644\u062a\u0648\u0641\u064a\u0631\u064a\u0629 \u063a\u064a\u0631 \u0627\u0644\u062c\u0627\u0631\u064a\u0629\u060c \u0627\u0644\u0648\u062f\u0627\u0626\u0639 \u0627\u0644\u0632\u0645\u0646\u064a\u0629 \u0641\u064a \u0627\u0644\u0628\u0646\u0648\u0643\u060c \u0639\u0645\u0644\u064a\u0627\u062a <strong>REPO<\/strong> \u0627\u0644\u0644\u064a\u0644\u064a\u0629\u060c \u0627\u0644\u0648\u062f\u0627\u0626\u0639 \u0628\u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a \u0627\u0644\u0644\u064a\u0644\u064a\u0629\u060c \u0627\u0644\u0623\u0645\u0648\u0627\u0644 \u0641\u064a \u062d\u0633\u0627\u0628\u0627\u062a \u0627\u0644\u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u0645\u0634\u062a\u0631\u0643\u0629\u061b<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8211; <strong>M3<\/strong> = <strong>M2<\/strong> + \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0627\u0644\u062d\u0643\u0648\u0645\u064a\u0629 \u0642\u0635\u064a\u0631\u0629 \u0627\u0644\u0623\u062c\u0644\u060c \u0645\u0639\u0627\u0645\u0644\u0627\u062a <strong>REPO<\/strong>\u060c \u0648\u062f\u0627\u0626\u0639 \u0627\u0644\u064a\u0648\u0631\u0648\u062f\u0648\u0644\u0627\u0631 \u0644\u0644\u0645\u0642\u064a\u0645\u064a\u0646 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u064a\u0646 \u0641\u064a \u0627\u0644\u0641\u0631\u0648\u0639 \u0627\u0644\u0623\u062c\u0646\u0628\u064a\u0629 \u0644\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0641\u064a \u0627\u0644\u0648\u0644\u0627\u064a\u0627\u062a \u0627\u0644\u0645\u062a\u062d\u062f\u0629\u060c \u064a\u064f\u0633\u062a\u062e\u062f\u0645 \u0623\u064a\u0636\u0627\u064b \u0645\u062c\u0645\u0639 \u0646\u0642\u062f\u064a \u0623\u0648\u0633\u0639\u060c \u0644\u0643\u0646 \u064a\u064f\u0639\u062a\u0628\u0631 <strong>M2<\/strong> \u0627\u0644\u0645\u0624\u0634\u0631 \u0627\u0644\u0642\u064a\u0627\u062f\u064a \u0627\u0644\u0645\u0631\u062a\u0628\u0637 \u0628\u0634\u0643\u0644 \u0643\u0628\u064a\u0631 \u0628\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0635\u0631\u0641 \u0627\u0644\u0623\u062c\u0646\u0628\u064a (FOREX)\u060c \u0644\u0630\u0627 \u0646\u0633\u062a\u0628\u0639\u062f \u0627\u0644\u0645\u0632\u064a\u062f \u0645\u0646 \u0627\u0644\u062a\u0641\u0627\u0635\u064a\u0644.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u062a\u064f\u0635\u062f\u0631 \u0628\u064a\u0627\u0646\u0627\u062a \u0627\u0644\u0645\u062c\u0645\u0639 \u0627\u0644\u0646\u0642\u062f\u064a \u0627\u0644\u0623\u0645\u0631\u064a\u0643\u064a<\/strong> \u0623\u0633\u0628\u0648\u0639\u064a\u0627\u064b\u060c \u0648\u0639\u0627\u062f\u0629\u064b \u064a\u0648\u0645 \u0627\u0644\u062e\u0645\u064a\u0633.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u064a\u064f\u0642\u064a\u064e\u0651\u0645 \u062a\u0623\u062b\u064a\u0631 \u0628\u064a\u0627\u0646\u0627\u062a <strong>\u0627\u0644\u0645\u062c\u0627\u0645\u064a\u0639 \u0627\u0644\u0646\u0642\u062f\u064a\u0629 (Monetary Aggregates)<\/strong> \u0639\u0644\u0649 \u062f\u0648\u0631\u0627\u062a \u0627\u0644\u0639\u0645\u0644\u0629 \u0628\u0634\u0643\u0644 \u0631\u0626\u064a\u0633\u064a \u0645\u0646 \u062e\u0644\u0627\u0644 \u0627\u0644\u0639\u0644\u0627\u0642\u0629 \u0645\u0639 \u0645\u0631\u0627\u062d\u0644 \u0627\u0644\u062f\u0648\u0631\u0627\u062a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 (\u062a\u064f\u0646\u0627\u0642\u0634 \u0627\u0644\u0645\u0641\u0627\u0647\u064a\u0645 \u0627\u0644\u0623\u0633\u0627\u0633\u064a\u0629 \u0644\u0644\u0633\u0644\u0648\u0643 \u0627\u0644\u062f\u0648\u0631\u064a \u0644\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0641\u064a\u0645\u0627 \u0628\u0639\u062f \u0628\u0627\u0644\u062a\u0641\u0635\u064a\u0644).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u064a\u062a\u0634\u0627\u0628\u0647 \u0633\u0644\u0648\u0643 \u0627\u0644\u0645\u062c\u0627\u0645\u064a\u0639 \u0627\u0644\u0646\u0642\u062f\u064a\u0629 \u0627\u0644\u0645\u062e\u062a\u0644\u0641\u0629 \u062e\u0644\u0627\u0644 \u0627\u0644\u062f\u0648\u0631\u0629 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629\u061b \u062d\u064a\u062b \u062a\u0638\u0647\u0631 \u062c\u0645\u064a\u0639\u0647\u0627 \u0645\u0639\u062f\u0644\u0627\u062a \u0646\u0645\u0648 \u0642\u0635\u0648\u0649 \u0642\u0628\u0644 \u0628\u062f\u0627\u064a\u0629 \u0627\u0644\u0631\u0643\u0648\u062f \u0648\u0646\u0642\u0627\u0637 \u0627\u0646\u062e\u0641\u0627\u0636 \u0641\u064a \u0646\u0647\u0627\u064a\u062a\u0647.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0644\u0647\u0630\u0627 \u0627\u0644\u0633\u0628\u0628\u060c \u064a\u064f\u062f\u0631\u062c <strong>M2<\/strong> \u0636\u0645\u0646 \u0645\u0624\u0634\u0631 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0642\u064a\u0627\u062f\u064a\u0629 \u0627\u0644\u0645\u0631\u0643\u0628\u0629\u060c \u0639\u0644\u0649 \u0633\u0628\u064a\u0644 \u0627\u0644\u0645\u062b\u0627\u0644. \u062a\u0634\u0647\u062f \u062c\u0645\u064a\u0639 \u0627\u0644\u0645\u062c\u0627\u0645\u064a\u0639 \u0623\u0639\u0644\u0649 \u0645\u0639\u062f\u0644\u0627\u062a \u0627\u0644\u0646\u0645\u0648 \u062e\u0644\u0627\u0644 \u0645\u0631\u062d\u0644\u0629 \u0627\u0644\u0627\u0646\u062a\u0639\u0627\u0634\u061b \u0625\u0630 \u064a\u0643\u0648\u0646 \u0645\u0639\u062f\u0644 \u0646\u0645\u0648 <strong>M2<\/strong> \u0645\u062a\u0634\u0627\u0628\u0647 \u0641\u064a \u0645\u0631\u062d\u0644\u0629 \u0627\u0644\u0631\u0643\u0648\u062f \u0648\u0645\u0631\u062d\u0644\u0629 \u0627\u0644\u0646\u0645\u0648.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-2-nbsp-\u0623\u0633\u0639\u0627\u0631-\u0627\u0644\u0641\u0627\u0626\u062f\u0629\">2.&nbsp;\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u0644\u0627 \u064a\u0648\u062c\u062f \u0645\u0646 \u0628\u064a\u0646 \u0627\u0644\u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0648\u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0645\u0627 \u0647\u0648 \u0623\u0633\u0627\u0633\u064a \u0641\u064a \u0645\u062a\u0627\u0628\u0639\u0629 \u062f\u064a\u0646\u0627\u0645\u064a\u0643\u064a\u0627\u062a \u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0635\u0631\u0641 \u0627\u0644\u0623\u062c\u0646\u0628\u064a \u0645\u062b\u0644 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u064a\u064f\u0639\u062a\u0628\u0631 \u0627\u0644\u0641\u0627\u0631\u0642 \u0641\u064a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 (<strong>\u0627\u0644\u0641\u0627\u0631\u0642 \u0641\u064a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 (Interest Rate Differential)<\/strong>)\u060c \u0623\u064a \u0627\u0644\u0641\u0631\u0642 \u0628\u064a\u0646 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0644\u0639\u0645\u0644\u062a\u064a\u0646\u060c \u0627\u0644\u0639\u0627\u0645\u0644 \u0627\u0644\u0631\u0626\u064a\u0633\u064a \u0627\u0644\u0630\u064a \u064a\u062d\u062f\u062f \u0645\u0628\u0627\u0634\u0631\u0629 \u062c\u0627\u0630\u0628\u064a\u0629 \u0643\u0644 \u0632\u0648\u062c \u0645\u0646 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0648\u0627\u0644\u0637\u0644\u0628 \u0627\u0644\u0645\u062d\u062a\u0645\u0644 \u0639\u0644\u0649 \u0643\u0644\u064d \u0645\u0646\u0647\u0645\u0627.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0647\u0646\u0627\u0643 \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0623\u0646\u0648\u0627\u0639 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0641\u064a \u0633\u0648\u0642 \u0627\u0644\u0646\u0642\u0648\u062f \u0628\u0643\u0644 \u062f\u0648\u0644\u0629: \u0633\u0639\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u0630\u064a \u062a\u0642\u0631\u0636 \u0628\u0647 \u0627\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u062a\u062c\u0627\u0631\u064a\u0629 \u0645\u0646 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a (<strong>\u0633\u0639\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u0631\u0633\u0645\u064a (Official Interest Rate)<\/strong>)\u060c \u0648\u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u062a\u064a \u062a\u0642\u0631\u0636 \u0628\u0647\u0627 \u0627\u0644\u0628\u0646\u0648\u0643 \u0628\u0639\u0636\u0647\u0627 \u0627\u0644\u0628\u0639\u0636 (<strong>\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0625\u0642\u0631\u0627\u0636 \u0628\u064a\u0646 \u0627\u0644\u0628\u0646\u0648\u0643 (Interbank Offered Rate)<\/strong>)\u060c \u0648\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u062a\u064a \u062a\u062d\u062f\u062f \u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0627\u0644\u062d\u0643\u0648\u0645\u064a\u0629 (<strong>\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0627\u0644\u062d\u0643\u0648\u0645\u064a\u0629 (Government Bonds Yields)<\/strong>)\u060c \u0648\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0625\u0642\u0631\u0627\u0636 \u0627\u0644\u0645\u0642\u062f\u0645\u0629 \u0644\u0644\u0639\u0645\u0644\u0627\u0621 (<strong>\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0625\u0642\u0631\u0627\u0636 (Lending Rates)<\/strong>)\u060c \u0648\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0648\u062f\u0627\u0626\u0639 (<strong>\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0648\u062f\u0627\u0626\u0639 (Deposit Rates)<\/strong>).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u062a\u0631\u062a\u0628\u0637 \u0643\u0644 \u0647\u0630\u0647 \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0627\u0631\u062a\u0628\u0627\u0637\u0627\u064b \u0648\u062b\u064a\u0642\u0627\u064b\u060c \u0648\u0641\u064a \u0627\u0644\u0646\u0647\u0627\u064a\u0629 \u064a\u062a\u0645 \u062a\u062d\u062f\u064a\u062f\u0647\u0627 \u0628\u0648\u0627\u0633\u0637\u0629 \u0633\u0639\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u0631\u0633\u0645\u064a \u0627\u0644\u0630\u064a \u064a\u062d\u062f\u062f\u0647 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0648\u0628\u0641\u0636\u0644 \u0634\u0641\u0627\u0641\u064a\u0629 \u062d\u062f\u0648\u062f \u0631\u0623\u0633 \u0627\u0644\u0645\u0627\u0644 \u0627\u0644\u0645\u0627\u0644\u064a\u060c \u064a\u0645\u0643\u0646 \u0644\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0627\u0644\u064a\u0648\u0645 \u0627\u062e\u062a\u064a\u0627\u0631 \u0627\u0644\u062e\u064a\u0627\u0631 \u0627\u0644\u0623\u0643\u062b\u0631 \u0631\u0628\u062d\u064a\u0629 \u0644\u0627\u0633\u062a\u062b\u0645\u0627\u0631 \u0623\u0645\u0648\u0627\u0644\u0647.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u0644\u0630\u0627\u060c \u0625\u0630\u0627 \u0643\u0627\u0646 \u0644\u062f\u0649 \u0645\u0633\u062a\u062b\u0645\u0631 \u064a\u0627\u0628\u0627\u0646\u064a (\u0634\u0631\u0643\u0629 \u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629\u060c \u0635\u0646\u062f\u0648\u0642 \u062a\u0642\u0627\u0639\u062f\u064a\u060c \u0623\u0648 \u0634\u0631\u0643\u0629 \u062a\u0623\u0645\u064a\u0646) \u062a\u0631\u064a\u0644\u064a\u0648\u0646\u0627\u062a \u0627\u0644\u064a\u0646 \u0645\u0646 \u0627\u0644\u0623\u0635\u0648\u0644 \u0648\u064a\u0645\u0643\u0646\u0647 \u062a\u062d\u0642\u064a\u0642 \u062f\u062e\u0644 \u0645\u0646\u0647\u0627 \u0639\u0644\u0649 \u0634\u0643\u0644 \u0641\u0627\u0626\u062f\u0629 \u0639\u0644\u0649 \u0648\u062f\u064a\u0639\u0629 \u0641\u064a \u0628\u0646\u0643 \u064a\u0627\u0628\u0627\u0646\u064a\u060c \u0628\u0646\u0633\u0628\u0629\u060c \u0645\u062b\u0644\u0627\u064b\u060c 0.1% \u0633\u0646\u0648\u064a\u0627\u064b\u060c \u0641\u0625\u0646 \u0647\u0630\u0627 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631 \u0628\u0627\u0644\u0637\u0628\u0639 \u0633\u064a\u0641\u0636\u0644 \u0648\u062f\u064a\u0639\u0629 \u0628\u0627\u0644\u062f\u0648\u0644\u0627\u0631 \u0628\u0646\u0633\u0628\u0629 5.5% \u0633\u0646\u0648\u064a\u0627\u064b \u0641\u064a \u0628\u0646\u0643 \u0623\u0645\u0631\u064a\u0643\u064a\u060c \u0623\u0648 \u0633\u064a\u0634\u062a\u0631\u064a \u0633\u0646\u062f\u0627\u062a \u062d\u0643\u0648\u0645\u064a\u0629 \u0623\u0645\u0631\u064a\u0643\u064a\u0629\u060c \u0627\u0644\u062a\u064a \u0623\u064a\u0636\u0627\u064b \u062a\u062d\u0642\u0642 \u0639\u0648\u0627\u0626\u062f \u0645\u0631\u062a\u0641\u0639\u0629 (\u0648\u0645\u0636\u0645\u0648\u0646\u0629\u060c \u0648\u0647\u0648 \u0623\u0645\u0631 \u0645\u0647\u0645 \u062e\u0627\u0635\u0629\u064b \u0644\u0635\u0646\u0627\u062f\u064a\u0642 \u0627\u0644\u062a\u0642\u0627\u0639\u062f \u0627\u0644\u062a\u064a \u062a\u062d\u062a\u0627\u062c \u0625\u0644\u0649 \u0645\u0635\u0627\u062f\u0631 \u062f\u062e\u0644 \u0645\u0648\u062b\u0648\u0642\u0629 \u0644\u062f\u0641\u0639 \u0627\u0644\u0645\u0639\u0627\u0634\u0627\u062a \u0627\u0644\u0645\u0633\u062a\u0642\u0628\u0644\u064a\u0629).<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">\u0643\u0644\u0645\u0627 \u0643\u0627\u0646\u062a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0644\u0639\u0645\u0644\u0629 \u0645\u0639\u064a\u0646\u0629 \u0623\u0639\u0644\u0649 \u0645\u0642\u0627\u0631\u0646\u0629\u064b \u0628\u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u0623\u062e\u0631\u0649 (\u0641\u0627\u0631\u0642 \u0641\u0627\u0626\u062f\u0629 \u0643\u0628\u064a\u0631)\u060c \u0643\u0627\u0646 \u0627\u0644\u0645\u0633\u062a\u062b\u0645\u0631\u0648\u0646 \u0627\u0644\u0623\u062c\u0627\u0646\u0628 \u0623\u0643\u062b\u0631 \u0627\u0633\u062a\u0639\u062f\u0627\u062f\u0627\u064b \u0644\u0634\u0631\u0627\u0621 \u0647\u0630\u0647 \u0627\u0644\u0639\u0645\u0644\u0629 \u0644\u0625\u064a\u062f\u0627\u0639 \u0623\u0645\u0648\u0627\u0644\u0647\u0645 \u0645\u0642\u0627\u0628\u0644 \u0641\u0627\u0626\u062f\u0629 \u0645\u0631\u062a\u0641\u0639\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0648\u0628\u0645\u0627 \u0623\u0646 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u062f\u0627\u0626\u0645\u0627\u064b \u0645\u0627 \u062a\u0631\u062a\u0628\u0637 \u0628\u0628\u0639\u0636\u0647\u0627 \u0627\u0644\u0628\u0639\u0636\u060c \u0641\u0625\u0646 \u0627\u0631\u062a\u0641\u0627\u0639 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0641\u064a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0645\u0635\u0631\u0641\u064a\u0629 \u064a\u0639\u0646\u064a \u0627\u0631\u062a\u0641\u0627\u0639 \u0623\u0633\u0639\u0627\u0631 \u0633\u0646\u062f\u0627\u062a \u0627\u0644\u062d\u0643\u0648\u0645\u0629 \u0648\u0643\u0630\u0644\u0643 \u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0627\u0644\u0634\u0631\u0643\u0627\u062a\u064a\u0629 \u0630\u0627\u062a \u0627\u0644\u0645\u062e\u0627\u0637\u0631 \u0627\u0644\u0639\u0627\u0644\u064a\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0628\u0627\u062e\u062a\u0635\u0627\u0631\u060c \u0641\u0625\u0646 \u0627\u0631\u062a\u0641\u0627\u0639 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u064a\u062c\u0639\u0644 \u0627\u0644\u0639\u0645\u0644\u0629 \u062c\u0630\u0627\u0628\u0629 \u0643\u0623\u062f\u0627\u0629 \u0627\u0633\u062a\u062b\u0645\u0627\u0631\u064a\u0629\u060c \u0645\u0645\u0627 \u064a\u0639\u0646\u064a \u0632\u064a\u0627\u062f\u0629 \u0627\u0644\u0637\u0644\u0628 \u0639\u0644\u064a\u0647\u0627 \u0641\u064a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u062f\u0648\u0644\u064a\u0629 \u0648\u0627\u0631\u062a\u0641\u0627\u0639 \u0633\u0639\u0631 \u0635\u0631\u0641\u0647\u0627.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0644\u0643\u0646 \u0647\u0646\u0627\u0643 \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0627\u0644\u0638\u0631\u0648\u0641 \u0627\u0644\u062a\u064a \u062a\u062c\u0639\u0644 \u062a\u0623\u062b\u064a\u0631 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0639\u0644\u0649 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0635\u0631\u0641 \u0623\u0645\u0631\u0627\u064b \u063a\u064a\u0631 \u0628\u062f\u064a\u0647\u064a \u0648\u0644\u064a\u0633 \u0628\u0627\u0644\u0623\u0645\u0631 \u0627\u0644\u0633\u0647\u0644.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0623\u0648\u0644\u0627\u064b\u060c \u064a\u062c\u0628 \u0627\u0644\u0646\u0638\u0631 \u0644\u064a\u0633 \u0641\u0642\u0637 \u0641\u064a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0646\u0641\u0633\u0647\u0627\u060c \u0628\u0644 \u0641\u064a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0627\u0644\u0645\u0639\u062f\u0644\u0629 \u062d\u0633\u0628 \u0627\u0644\u062a\u0636\u062e\u0645 (\u0631\u0627\u062c\u0639 \u0627\u0644\u0641\u0642\u0631\u0629 6)\u061b \u0625\u0630 \u064a\u0648\u062c\u062f \u0627\u0631\u062a\u0628\u0627\u0637 \u0648\u062b\u064a\u0642 \u0628\u064a\u0646 \u0633\u0648\u0642 \u0627\u0644\u0635\u0631\u0641 \u0627\u0644\u0623\u062c\u0646\u0628\u064a \u0648\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u062d\u0643\u0648\u0645\u064a\u0629 (<strong>\u0627\u0644\u0623\u062f\u0648\u0627\u062a \u0630\u0627\u062a \u0627\u0644\u062f\u062e\u0644 \u0627\u0644\u062b\u0627\u0628\u062a<\/strong>)\u060c \u0627\u0644\u062a\u064a \u062a\u062a\u0623\u062b\u0631 \u0628\u0634\u062f\u0629 \u0628\u0627\u0644\u062a\u0636\u062e\u0645.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u062b\u0627\u0646\u064a\u0627\u064b\u060c \u064a\u062a\u0646\u0628\u0623 \u0627\u0644\u0633\u0648\u0642 \u0628\u0627\u0644\u0623\u062d\u062f\u0627\u062b \u0627\u0644\u0647\u0627\u0645\u0629 \u0648\u064a\u0633\u062a\u0639\u062f \u0644\u0647\u0627\u060c \u0628\u062f\u0644\u0627\u064b \u0645\u0646 \u0623\u0646 \u064a\u0642\u062a\u0635\u0631 \u0639\u0644\u0649 \u0627\u0644\u062a\u0641\u0627\u0639\u0644 \u0645\u0639 \u0627\u0644\u062d\u0642\u0627\u0626\u0642 \u0627\u0644\u0645\u0646\u062c\u0632\u0629 \u0641\u0642\u0637.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0625\u0630\u0627 \u0643\u0627\u0646 \u0627\u0644\u0633\u0627\u0626\u062f \u0623\u0646 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0644\u0639\u0645\u0644\u0629 \u0645\u0627 \u0633\u062a\u0631\u062a\u0641\u0639\u060c \u0641\u0625\u0646 \u0627\u0644\u0645\u062a\u062f\u0627\u0648\u0644\u064a\u0646 \u0633\u064a\u0628\u062f\u0624\u0648\u0646 \u0628\u0627\u0644\u0645\u0632\u0627\u064a\u062f\u0629 \u0639\u0644\u0649 \u0633\u0639\u0631\u0647\u0627 \u062a\u062d\u0633\u0628\u0627\u064b \u0644\u0627\u0631\u062a\u0641\u0627\u0639\u0647\u0627 \u0627\u0644\u0645\u0633\u062a\u0642\u0628\u0644\u064a.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u064a\u0645\u0643\u0646 \u0644\u0644\u0633\u0648\u0642 \u0623\u0646 \u064a\u0638\u0644 \u0641\u064a \u0647\u0630\u0627 \u0627\u0644\u0645\u0632\u0627\u062c \u0627\u0644\u062a\u0641\u0627\u0624\u0644\u064a \u0644\u0639\u0645\u0644\u0629 \u0645\u0639\u064a\u0646\u0629 \u0644\u0641\u062a\u0631\u0629 \u0637\u0648\u064a\u0644\u0629\u060c \u0645\u0645\u0627 \u064a\u0633\u0645\u062d \u0628\u062a\u0634\u0643\u064a\u0644 \u0627\u062a\u062c\u0627\u0647 \u062a\u0635\u0627\u0639\u062f\u064a. \u0648\u0639\u0646\u062f\u0645\u0627 \u064a\u062d\u062f\u062b \u0627\u0644\u0627\u0631\u062a\u0641\u0627\u0639 \u0641\u0639\u0644\u064a\u0627\u064b\u060c \u062a\u0643\u0648\u0646 \u0627\u0644\u0639\u0645\u0644\u0629 \u0641\u064a \u062d\u0627\u0644\u0629 \u062a\u0634\u0628\u0639 \u0634\u0631\u0627\u0626\u064a.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0648\u0628\u0645\u0627 \u0623\u0646 \u0639\u0627\u0645\u0644 \u0627\u0644\u0636\u063a\u0637 \u0627\u0644\u062a\u0635\u0627\u0639\u062f\u064a \u0642\u062f \u062e\u0641\u062a \u0628\u0639\u062f \u062d\u062f\u0648\u062b \u0627\u0644\u0627\u0631\u062a\u0641\u0627\u0639\u060c \u0641\u0642\u062f \u064a\u0643\u0648\u0646 \u0627\u0644\u0631\u062f \u0627\u0644\u0623\u0648\u0644\u064a \u0647\u0648 \u0627\u0646\u062e\u0641\u0627\u0636 \u0633\u0639\u0631 \u0627\u0644\u0635\u0631\u0641\u060c \u0648\u0647\u0648 \u0631\u062f \u0641\u0639\u0644 \u0645\u0639\u0627\u0643\u0633 \u062a\u0645\u0627\u0645\u0627\u064b.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0643\u0645\u0627 \u0623\u0646 \u0647\u0630\u0627 \u0627\u0644\u0627\u0646\u062e\u0641\u0627\u0636 \u064a\u0639\u062f \u0639\u0627\u0645\u0644\u0627\u064b \u0645\u0633\u0627\u0639\u062f\u0627\u064b \u0644\u062a\u0639\u062f\u064a\u0644 \u0627\u0644\u0633\u0648\u0642.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-\u0623\u0633\u0639\u0627\u0631-\u0627\u0644\u0641\u0627\u0626\u062f\u0629-\u0644\u0644\u0628\u0646\u0648\u0643-\u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629-central-banks\">\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0644\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629 (Central Banks)<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><br>\u0644\u0627 \u062a\u0646\u0634\u0623 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0641\u064a \u0627\u0644\u0642\u0631\u0648\u0636 \u0648\u0627\u0644\u0648\u062f\u0627\u0626\u0639 \u0648\u063a\u064a\u0631\u0647\u0627 \u0628\u0634\u0643\u0644 \u0630\u0627\u062a\u064a \u0641\u064a \u0628\u064a\u0626\u0629 \u0627\u0644\u0633\u0648\u0642.<br>\u0641\u064a \u0643\u0644 \u062f\u0648\u0644\u0629\u060c \u062a\u064f\u0646\u0638\u0645 \u0634\u0631\u0648\u0637 \u0627\u0644\u0625\u0642\u0631\u0627\u0636 \u0648\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0641\u064a \u0633\u0648\u0642 \u0627\u0644\u0646\u0642\u0648\u062f \u0628\u0648\u0627\u0633\u0637\u0629 <strong>\u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a (Central Bank)<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>\u062a\u0633\u062a\u062e\u062f\u0645 \u0627\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629 \u0623\u0646\u0648\u0627\u0639\u0627\u064b \u0645\u062e\u062a\u0644\u0641\u0629 \u0645\u0646 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0643\u0623\u062f\u0648\u0627\u062a \u0644\u0633\u064a\u0627\u0633\u0627\u062a\u0647\u0627.<br>\u064a\u064f\u0639\u0628\u0651\u0631 \u0633\u0639\u0631 \u0627\u0644\u062e\u0635\u0645 (Discount rate) \u0639\u0646 \u0627\u0644\u0634\u0631\u0648\u0637 \u0627\u0644\u062a\u064a \u064a\u0642\u062f\u0645 \u0628\u0647\u0627 <strong>\u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a (CB)<\/strong> \u2013 \u0643\u0645\u0627 \u064a\u064f\u0634\u0627\u0631 \u0625\u0644\u064a\u0647 \u2013 \u0627\u0644\u0623\u0645\u0648\u0627\u0644 \u0644\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u062a\u062c\u0627\u0631\u064a\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>\u062a\u064f\u0639\u062f \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0644\u0644\u0627\u0642\u062a\u0631\u0627\u0636 \u0628\u064a\u0646 \u0627\u0644\u0628\u0646\u0648\u0643 \u0641\u064a \u0627\u0644\u0639\u062f\u064a\u062f \u0645\u0646 \u0627\u0644\u062f\u0648\u0644 \u0627\u0644\u0623\u062f\u0627\u0629 \u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629 \u0644\u0633\u064a\u0627\u0633\u0627\u062a \u0627\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a\u0629.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u062a\u064f\u0639\u0631\u0641 \u0647\u0630\u0647 \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0628\u0623\u0633\u0645\u0627\u0621 \u0645\u062e\u062a\u0644\u0641\u0629\u060c \u0644\u0643\u0646 \u0627\u0644\u0641\u0643\u0631\u0629 \u0627\u0644\u0639\u0627\u0645\u0629 \u0647\u064a \u0623\u0646 \u0627\u0644\u0628\u0646\u0648\u0643 \u0627\u0644\u062a\u062c\u0627\u0631\u064a\u0629 \u062a\u0642\u062a\u0631\u0636 \u0627\u0644\u0623\u0645\u0648\u0627\u0644 \u0645\u0646 \u0628\u0639\u0636\u0647\u0627 \u0627\u0644\u0628\u0639\u0636 \u0644\u0641\u062a\u0631\u0629 \u0642\u0635\u064a\u0631\u0629 \u0644\u062a\u0646\u0638\u064a\u0645 \u0645\u064a\u0632\u0627\u0646\u064a\u0627\u062a\u0647\u0627.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>\u062a\u062d\u062f\u062f \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0627\u0642\u062a\u0631\u0627\u0636 \u0628\u064a\u0646 \u0627\u0644\u0628\u0646\u0648\u0643\u060c \u0627\u0644\u0645\u0646\u0638\u0645\u0629 \u0631\u0633\u0645\u064a\u0627\u064b\u060c \u062c\u0645\u064a\u0639 \u0623\u0633\u0639\u0627\u0631 \u0633\u0648\u0642 \u0627\u0644\u0646\u0642\u0648\u062f\u061b \u062d\u064a\u062b \u062a\u0639\u062a\u0645\u062f \u0623\u0633\u0639\u0627\u0631 \u0633\u0646\u062f\u0627\u062a \u0627\u0644\u062f\u064a\u0646 \u0627\u0644\u062d\u0643\u0648\u0645\u064a\u060c \u0648\u0645\u0633\u062a\u0648\u064a\u0627\u062a \u0627\u0644\u0631\u0628\u062d\u064a\u0629 \u0639\u0644\u0649 \u062c\u0645\u064a\u0639 \u0627\u0644\u0623\u062f\u0648\u0627\u062a \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u0623\u062e\u0631\u0649\u060c \u0648\u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0639\u0644\u0649 \u0627\u0644\u0642\u0631\u0648\u0636 \u0627\u0644\u0645\u0642\u062f\u0645\u0629 \u0644\u0644\u0639\u0645\u0644\u0627\u0621 \u0639\u0644\u0649 \u0647\u0630\u0647 \u0627\u0644\u0623\u0633\u0639\u0627\u0631.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-\u0639\u0648\u0627\u0626\u062f-\u0627\u0644\u0623\u0648\u0631\u0627\u0642-\u0627\u0644\u0645\u0627\u0644\u064a\u0629-\u0627\u0644\u062d\u0643\u0648\u0645\u064a\u0629-government-bonds-yields\">\u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u062d\u0643\u0648\u0645\u064a\u0629 (Government Bonds Yields)<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><br>\u0623\u0647\u0645 \u0645\u0627 \u064a\u062c\u0628 \u0641\u0647\u0645\u0647 \u0639\u0646\u062f \u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0639\u0644\u0627\u0642\u0629 \u0628\u064a\u0646 \u0633\u0648\u0642 \u0627\u0644\u0635\u0631\u0641 \u0627\u0644\u0623\u062c\u0646\u0628\u064a \u0648\u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u062d\u0643\u0648\u0645\u064a\u0629 \u0647\u0648 \u0623\u0646 \u0627\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0645\u0627\u0644\u064a\u0629 \u0627\u0644\u062d\u0643\u0648\u0645\u064a\u0629 \u0647\u064a \u0623\u062f\u0648\u0627\u062a \u0645\u0627\u0644\u064a\u0629 \u0630\u0627\u062a \u062f\u062e\u0644 \u062b\u0627\u0628\u062a\u060c \u0648\u0645\u0646 \u062b\u0645 \u0641\u0625\u0646 \u0639\u0627\u0626\u062f\u0647\u0627 \u064a\u062a\u0646\u0627\u0633\u0628 \u0639\u0643\u0633\u064a\u0627\u064b \u0645\u0639 \u0633\u0639\u0631\u0647\u0627 \u0641\u064a \u0627\u0644\u0633\u0648\u0642.<br>\u064a\u064f\u0635\u062f\u0631 \u0627\u0644\u0633\u0646\u062f \u0627\u0644\u062d\u0643\u0648\u0645\u064a \u0644\u0641\u062a\u0631\u0629 \u0645\u062d\u062f\u062f\u0629 (\u062a\u062a\u0631\u0627\u0648\u062d \u0628\u064a\u0646 \u0633\u0646\u0629 \u0625\u0644\u0649 30 \u0633\u0646\u0629)\u060c \u0648\u0628\u0639\u062f\u0647\u0627 \u064a\u064f\u0633\u062a\u0631\u062f \u0628\u0642\u064a\u0645\u062a\u0647 \u0627\u0644\u0625\u0633\u0645\u064a\u0629 (\u0627\u0644\u0642\u064a\u0645\u0629 \u0627\u0644\u0645\u0643\u062a\u0648\u0628\u0629 \u0639\u0644\u0649 \u0627\u0644\u0633\u0646\u062f).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u062e\u0644\u0627\u0644 \u0641\u062a\u0631\u0629 \u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0633\u0646\u062f\u060c \u062a\u064f\u062f\u0641\u0639 \u0639\u0644\u064a\u0647 \u0639\u0648\u0627\u0626\u062f \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0648\u0641\u0642\u0627\u064b \u0644\u0644\u0633\u0639\u0631 \u0627\u0644\u062b\u0627\u0628\u062a \u0627\u0644\u0645\u062d\u062f\u062f.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>\u0625\u0630\u0627 \u0643\u0627\u0646 \u0633\u0639\u0631 \u0634\u0631\u0627\u0621 \u0627\u0644\u0633\u0646\u062f \u0645\u0633\u0627\u0648\u064a\u0627\u064b \u0644\u0642\u064a\u0645\u062a\u0647 \u0627\u0644\u0625\u0633\u0645\u064a\u0629\u060c \u0641\u0625\u0646 \u0627\u0644\u0639\u0627\u0626\u062f \u064a\u0643\u0648\u0646 \u0645\u0633\u0627\u0648\u064a\u0627\u064b \u0644\u0633\u0639\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629 \u0639\u0644\u0649 \u0627\u0644\u0633\u0646\u062f\u061b \u0648\u0643\u0644\u0645\u0627 \u0627\u0631\u062a\u0641\u0639 \u0633\u0639\u0631 \u0627\u0644\u0634\u0631\u0627\u0621\u060c \u0627\u0646\u062e\u0641\u0636 \u0627\u0644\u0639\u0627\u0626\u062f.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0625\u0630\u0627 \u062a\u0648\u0642\u0639 \u0627\u0644\u0633\u0648\u0642 \u0623\u0646 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0645\u0631\u0643\u0632\u064a \u0633\u064a\u0631\u0641\u0639 \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0641\u0627\u0626\u062f\u0629\u060c \u0641\u0633\u064a\u062a\u0648\u0642\u0639 \u0623\u0646 \u062a\u0643\u0648\u0646 \u0625\u0635\u062f\u0627\u0631\u0627\u062a \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u0628\u0623\u0633\u0639\u0627\u0631 \u0641\u0627\u0626\u062f\u0629 \u0623\u0639\u0644\u0649.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u0641\u064a \u0647\u0630\u0647 \u0627\u0644\u062d\u0627\u0644\u0629\u060c \u0642\u062f \u064a\u0646\u062e\u0641\u0636 \u0627\u0644\u0637\u0644\u0628 \u0639\u0644\u0649 \u0627\u0644\u0633\u0646\u062f\u0627\u062a \u0627\u0644\u062d\u0627\u0644\u064a\u0629\u060c \u0645\u0645\u0627 \u064a\u0624\u062f\u064a \u0625\u0644\u0649 \u0627\u0646\u062e\u0641\u0627\u0636 \u0633\u0639\u0631\u0647\u0627 \u0648\u0632\u064a\u0627\u062f\u0629 \u0627\u0644\u0639\u0627\u0626\u062f.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-\u064a\u0645\u0643\u0646\u0643-\u0642\u0631\u0627\u0621\u0629-\u0641\u0635\u0648\u0644-\u0623\u062e\u0631\u0649\">\u064a\u0645\u0643\u0646\u0643 \u0642\u0631\u0627\u0621\u0629 \u0641\u0635\u0648\u0644 \u0623\u062e\u0631\u0649<\/h2>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"https:\/\/expforex.com\/ar\/forex-for-beginners-part-3\/\"><img decoding=\"async\" src=\"https:\/\/expforex.com\/wp-content\/uploads\/2009\/05\/Education_Begin_3.png\" alt=\"\u0627\u0644\u062a\u0639\u0644\u064a\u0645 - \u0623\u0641\u0636\u0644 \u0627\u0644\u0623\u0641\u0643\u0627\u0631 \u0644\u0640 MetaTrader - \u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0641\u0648\u0631\u0643\u0633 \u0644\u0644\u0645\u0628\u062a\u062f\u0626\u064a\u0646 \u0627\u0644\u062c\u0632\u0621 3\"\/><\/a><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading\"><a href=\"https:\/\/expforex.com\/ar\/forex-for-beginners-part-3\/\">\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0641\u0648\u0631\u0643\u0633 \u0644\u0644\u0645\u0628\u062a\u062f\u0626\u064a\u0646 \u0627\u0644\u062c\u0632\u0621 3: \u0627\u0644\u0623\u0633\u0648\u0627\u0642\u060c \u0627\u0644\u0623\u0646\u0634\u0637\u0629\u060c \u0627\u0644\u0623\u0633\u0639\u0627\u0631<\/a><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">\u0639\u0648\u0627\u0645\u0644 \u062a\u062d\u0631\u0643 \u0633\u0648\u0642 \u0627\u0644\u0639\u0645\u0644\u0627\u062a: \u0635\u062f\u0648\u0631 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0648\u0627\u0644\u062a\u0648\u0642\u0639\u0627\u062a. \u0641\u064a \u0623\u0633\u0648\u0627\u0642 \u0627\u0644\u0639\u0645\u0644\u0627\u062a\u060c \u062a\u064f\u0639\u062f \u0635\u062f\u0648\u0631 \u0627\u0644\u0628\u064a\u0627\u0646\u0627\u062a \u0639\u0627\u0645\u0644\u0627\u064b \u0631\u0626\u064a\u0633\u064a\u0627\u064b \u0641\u064a \u062a\u0642\u0644\u0628\u0627\u062a \u0623\u0633\u0639\u0627\u0631 \u0627\u0644\u0635\u0631\u0641. \u0648\u062a\u0634\u0645\u0644 \u0643\u0644\u0645\u0629 &#8220;\u0628\u064a\u0627\u0646\u0627\u062a&#8221; \u0645\u062c\u0645\u0648\u0639\u0629 \u0648\u0627\u0633\u0639\u0629 \u0645\u0646 \u0627\u0644\u062a\u0642\u0627\u0631\u064a\u0631 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0648\u0627\u0644\u0623\u062d\u062f\u0627\u062b\u060c \u0645\u062b\u0644:<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"https:\/\/expforex.com\/forex-for-beginners-part-5\/\"><img decoding=\"async\" src=\"https:\/\/expforex.com\/wp-content\/uploads\/2009\/05\/Education_Begin_5.png\" alt=\"\u0627\u0644\u062a\u0639\u0644\u064a\u0645 - \u0623\u0641\u0636\u0644 \u0627\u0644\u0623\u0641\u0643\u0627\u0631 \u0644\u0640 MetaTrader - \u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0641\u0648\u0631\u0643\u0633 \u0644\u0644\u0645\u0628\u062a\u062f\u0626\u064a\u0646 \u0627\u0644\u062c\u0632\u0621 5\"\/><\/a><\/figure>\n<\/div>\n\n\n<h4 class=\"wp-block-heading\"><a href=\"https:\/\/expforex.com\/forex-for-beginners-part-5\/\">\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0641\u0648\u0631\u0643\u0633 \u0644\u0644\u0645\u0628\u062a\u062f\u0626\u064a\u0646 \u0627\u0644\u062c\u0632\u0621 5: \u0633\u0639\u0631 \u0627\u0644\u0635\u0631\u0641\u060c \u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u062a\u0635\u0646\u064a\u0639<\/a><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">\u0633\u0639\u0631 \u0627\u0644\u0635\u0631\u0641 \u0648\u0627\u0644\u062a\u0636\u062e\u0645\u060c \u0645\u0624\u0634\u0631\u0627\u062a \u0627\u0644\u0646\u0645\u0648 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u060c \u0627\u0644\u0646\u0627\u062a\u062c \u0627\u0644\u0645\u062d\u0644\u064a \u0627\u0644\u0625\u062c\u0645\u0627\u0644\u064a\u060c \u0645\u0624\u0634\u0631\u0627\u062a \u0642\u0637\u0627\u0639 \u0627\u0644\u062a\u0635\u0646\u064a\u0639\u060c \u0627\u0644\u062a\u062c\u0627\u0631\u0629 \u0627\u0644\u062f\u0648\u0644\u064a\u0629\u060c \u0625\u062d\u0635\u0627\u0621\u0627\u062a \u0627\u0644\u062a\u0648\u0638\u064a\u0641\u060c \u0633\u0648\u0642 \u0627\u0644\u0639\u0645\u0644.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0623\u0633\u0627\u0633\u064a \u0644\u0633\u0648\u0642 \u0627\u0644\u0641\u0648\u0631\u0643\u0633 (FOREX) \u0623\u0635\u0628\u062d \u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0627\u0644\u064a\u0648\u0645 \u0646\u0634\u0627\u0637\u0627\u064b \u0634\u0627\u0626\u0639\u0627\u064b \u0644\u0644\u063a\u0627\u064a\u0629: \u062d\u064a\u062b \u064a\u0635\u0644 \u062d\u062c\u0645 \u0627\u0644\u062a\u062f\u0627\u0648\u0644 \u0627\u0644\u064a\u0648\u0645\u064a \u0641\u064a \u0633\u0648\u0642 \u0641\u0648\u0631\u0643\u0633 (FOREX) \u0627\u0644\u0639\u0627\u0644\u0645\u064a \u0625\u0644\u0649 \u062d\u0648\u0627\u0644\u064a \u062a\u0631\u064a\u0644\u064a\u0648\u0646\u064a \u062f\u0648\u0644\u0627\u0631\u060c \u0648\u062a\u0634\u0643\u0644 \u0627\u0644\u0639\u0645\u0644\u064a\u0627\u062a \u0627\u0644\u0645\u0636\u0627\u0631\u0628\u0629 (speculative operations) \u062d\u0648\u0627\u0644\u064a 80% \u0645\u0646 \u062c\u0645\u064a\u0639 \u0627\u0644\u0635\u0641\u0642\u0627\u062a. \u064a\u062c\u0630\u0628 \u0647\u0630\u0627 \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0639\u062f\u064a\u062f<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":2,"featured_media":98255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","_eb_data_table":"","footnotes":"","_expseo_title":"%%title%%","_expseo_description":"\u062a\u0639\u0631\u0641 \u0639\u0644\u0649 \u0627\u0644\u062a\u062d\u0644\u064a\u0644 \u0627\u0644\u0623\u0633\u0627\u0633\u064a (Fundamental Analysis) \u0648\u0627\u0644\u0623\u0633\u0639\u0627\u0631 (Rates) \u0644\u062a\u062d\u0642\u064a\u0642 \u062a\u062f\u0627\u0648\u0644 \u0641\u0648\u0631\u0643\u0633 (FOREX) \u0646\u0627\u062c\u062d. \u0627\u0633\u062a\u062e\u062f\u0645 \u0644\u063a\u0629 \u0645\u0628\u0633\u0637\u0629 \u0648\u0623\u0633\u0644\u0648\u0628\u0627\u064b \u0641\u0639\u0627\u0644\u0627\u064b\u060c \u0645\u0639 \u0645\u0631\u0627\u0639\u0627\u0629 \u0627\u0644\u062c\u0645\u0647\u0648\u0631 \u0627\u0644\u0645\u0633\u062a\u0647\u062f\u0641.","_expseo_canonical":"","_expseo_focus_keyword":"analysis","_expseo_robots_noindex":"","_expseo_robots_nofollow":"","_expseo_robots_advanced":"","_expseo_breadcrumb_title":"","_expseo_og_title":"","_expseo_og_description":"","_expseo_og_image":"","_expseo_twitter_title":"","_expseo_twitter_description":"","_expseo_twitter_image":"","_expseo_schema_page_type":"","_expseo_schema_article_type":"","_expseo_schema_product_activator":""},"categories":[14891],"tags":[16018,16016,16023,16012,15926,16017,16020,16013,16019,16011,15237,15962,15929,15942,16008,16015,16022,16021,16014],"class_list":["post-98347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education-ar","tag---ar","tag----ar","tag-16012","tag-15926","tag-16017","tag-16020","tag-16013","tag-16019","tag-16011","tag-15237","tag-15962","tag-15929","tag-15942","tag-16008","tag-16015","tag-16022","tag-16021","tag-16014"],"acf":{"metatrader4":"MT4","metatrader5":"MT5","type":"","typebrief":"","mt4buy":"https:\/\/www.mql5.com\/en\/users\/vladon\/seller#products","mt5buy":"https:\/\/www.mql5.com\/en\/users\/vladon\/seller#products","typefreedemo":"FREE","downloadfreedemo":"","DirectDownloadLink":"","versions":"23.999","version_date":"2023 12 12","postanotherid":"0","direct5":"","direct4":"","testimonials_list":"","schema_name":"","schema_description":"","schema_type":"Utilities","schema_ratingValue":"5","schema_ratingCount":"50","schema_highPrice_MT4":"50.00","schema_rentprice_MT4":"0.00","schema_highPrice_MT5":"50.00","schema_rentprice_MT5":"0.00"},"_links":{"self":[{"href":"https:\/\/expforex.com\/ar\/wp-json\/wp\/v2\/posts\/98347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/expforex.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/expforex.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/expforex.com\/ar\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/expforex.com\/ar\/wp-json\/wp\/v2\/comments?post=98347"}],"version-history":[{"count":0,"href":"https:\/\/expforex.com\/ar\/wp-json\/wp\/v2\/posts\/98347\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/expforex.com\/ar\/wp-json\/wp\/v2\/media\/98255"}],"wp:attachment":[{"href":"https:\/\/expforex.com\/ar\/wp-json\/wp\/v2\/media?parent=98347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/expforex.com\/ar\/wp-json\/wp\/v2\/categories?post=98347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/expforex.com\/ar\/wp-json\/wp\/v2\/tags?post=98347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}