The Truth About Fibonacci Trading

The truth about Fibonacci levels is that they are useful (like all trading indicators). They do not work as a standalone system of trading and they are certainly not the “holy grail”, but can be a very effective
component of your trading strategy.

But who is Fibonacci and how can he help you with your trading?

Leonardo Fibonacci was a great Italian mathematician who lived in the thirteenth century who first observed certain ratios of a number series that are regarded as describing the natural proportions of things in the universe, including price data. The ratios arise from the following number series: 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144 ……

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Reply rjz forex 110 Says
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I was looking for this book, tnx PipSafe...

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Reply aloba Says
1 1

Fibonacci is not only for forex market, in all part of the worlds rules of Fibonacci Work! in Waves ! in nature! in all things you scene!

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Reply david yobvb Says
0 1

I like fibonaci because it is very beautiful in forex



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