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FOREX Training Term 3 - Forex Tools Mr. Fibonacci
FOREX Training Term 3 - Forex Tools Mr. Fibonacci
Mr. Fibonacci
Mr. Fibonacci » Training - Term 3: Forex Tools
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Training - Term 3: Forex Tools/Fibonacci Retracements
Mr. Fibonacci
First, I'll introduce you to the man who made-known the famous mathematical ratios that are so interesting and so widely applied. His original name was Leonardo di Pisa but for reasons I will not deal with here, he later became...
Thursday, 08 October 2009
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Training - Term 3: Forex Tools/Fibonacci Retracements
Fibonacci Retracements
Many different Fibonacci Forex systems or studies have been developed. Here, we will concentrate on Fibonacci Retracements because they are so important to Forex trading.
Fibonacci Retracements are percentage values...
Thursday, 08 October 2009
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Training - Term 3: Forex Tools/Fibonacci Retracements
Review of Fibonacci Retracement
Fibonacci Retracement Levels are 0.236, 0.382, 0.500, 0.618, 0.764
Depending on the nature and direction of the underlying trend, Fibonacci Retracement can be used to:
Initiate a new trade
Add to an...
Thursday, 08 October 2009
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