• Header banner 1

Leonardo Fibonacci da Pisa was a famous 13th century mathematician. He once was given a problem

Leonardo Fibonacci da Pisa was a famous 13th century mathematician. He once was given a problem – he needed to figure out the number of rabbit pairs present if each month every mature pair brought forth a new pair and initially only one pair existed. The solution came to be known as the Fibonacci series:

0, 1, 1, 2, 3, 5, 8, 13 and so on.

The important observation made from the series was the presence of the Golden Ratio. Here the ratio of any number to its next higher number is 0.618 (approx), and its last smaller number is 1.618 (approx).

The Golden Ratio is special because it is present everywhere in the world. For example, leaves, flowers, and even the human anatomy contain this ratio. Therefore, the same Golden Ratio can be applied to Forex Trade since it applies to human concepts.

The Concept of Fibonacci Trading

Fibonacci Retracement is the technique through which the trader can calculate the instances of entering and leaving the market to maximize his profits—retracing means that the market will, at some point, have a momentary resistance before moving ahead in the old direction. Retracement is calculated with the use of high and low values of the previous day. The values at 38.2% and 61.8% retracement are considered when the market is most stable and possible predictions. Other key Fibonacci ratios are 23.6%, 50%, 78.6% and 100%.

Benefits of Applying Fibonacci in Forex

As the market takes on momentary stability at Fibonacci levels, a trader can withdraw if he experiences a loss (stop loss). On the other hand, he can enter the market if profits are witnessed since these profits are likely to continue till the next Fibonacci level is reached.

Almost all automation tools apply the Fibonacci parameters in their calculations. But Fibonacci should not be the only parameter deciding trade decisions. The market will show resistance at Fibonacci levels, and support cannot be guaranteed.

#How to Use Fibonacci to Trade Forex,

Comments (56)

AzaowuFriday 22nd of October 2021 04:40 AM
best slots to play online - play online casino real money red dog casino

QctjjlWednesday 20th of October 2021 08:39 PM
ivermectin 1% cream generic - stromectol medication stromectol us

TcivqqTuesday 19th of October 2021 04:50 PM
ivermectin 0.1 - ivermectin virus cost ivermectin

UcuiraMonday 18th of October 2021 01:13 PM
super saver pharmacy - Cialis prescriptions generic cialis online uk

IvpxdwSunday 17th of October 2021 12:36 PM
legal online pharmacy coupon code - cialis cost where can i buy cialis in singapore

ivermectin for saleSunday 17th of October 2021 01:17 AM
how to avoid hair loss kids allergies stromectol ivermectin 3 mg ivermectin for humans for sale ivermectin tablets for humans for sale ivermectin 6 mg https://ivermectinstrom.com/# stromectol

LglnfnSaturday 16th of October 2021 11:41 AM
viagra coupon - realsilpll viagra over the counter uk price

WnukcpFriday 15th of October 2021 05:51 AM
price viagra 50mg - canadian viagra 50mg viagra online lowest price

online pharmaciesThursday 14th of October 2021 08:00 PM
rheumatoid arthritis diagnosis food allergy children canadian drugstore online drugstore https://canadianexpresspharm.com/# canadian drugstore

YsmiilWednesday 13th of October 2021 02:25 PM
buy ivermectin nz - purchase stromectol ivermectin lotion

EreathTuesday 12th of October 2021 12:12 PM
ivermectin 1%cream - ivermectin humans fda ivermectin

ivermectin for humans for saleMonday 11th of October 2021 08:44 AM
examples of gastrointestinal diseases arthritis nutrition ivermectin for sale ivermectin over the counter stromectol ivermectin for sale stromectol https://ivermectinsts.com/# ivermectin 3 mg

EfdugjMonday 11th of October 2021 04:54 AM
can i buy cialis in canada over the counter - 100mg cialis generic cialis online without prescription

XmdmrmSaturday 09th of October 2021 11:44 AM
buy prednisone 5mg - prednisone 80 mg deltasone cost

ivermectin 3 mgFriday 08th of October 2021 08:52 AM
arthritis prevention and treatment asthma charity stromectol over the counter walgreens side effects for ivermectin ivermectin uk ivermectin for humans ivermectin uk https://ivermectstromect.com/# stromectol ivermectin

canadian pharmaciesFriday 08th of October 2021 08:28 AM
what can i use for allergies natural cures for allergies online pharmacies online pharmacies https://canadianexpresspharm.com/# online pharmacies

BcdqeoFriday 08th of October 2021 03:15 AM
cialis 5 mg tablet generic - cialis 20 mg peak online pharmacy australia

DvcxxgThursday 07th of October 2021 01:39 AM
can i buy sildenafil online - viagra next day delivery how to get over the counter viagra

online pharmaciesTuesday 05th of October 2021 11:05 PM
gastric disease symptoms bowel infection names online drugstore online pharmacies https://canadianexpresspharm.com/# online pharmacies

QakgaaTuesday 05th of October 2021 09:19 PM
ivermectin lotion for lice - stromectol online ivermectin 400 mg

BfldbuMonday 04th of October 2021 01:49 PM
xenical fda approval - orlistat medscape orlistat gnc

YyeqjkSunday 03rd of October 2021 10:59 AM
visalista 60 - cenforce 120mg online vidalista 20

GwxgbuSaturday 02nd of October 2021 06:19 AM
lupus plaquenil - hydroxychloroquine antimalarial prednisone cost canada

YhqyhnThursday 30th of September 2021 03:04 PM
vardenafil generic date - levitra coupon walgreens ed pills

KjomqcTuesday 28th of September 2021 07:11 AM
viagra 130mg online - Cialis woman best place to buy cialis

IrpquhMonday 27th of September 2021 12:09 AM
buy stromectol 3mg - ivermectin cost australia generic stromectol online

ivermectin tabletsSunday 26th of September 2021 12:18 PM
american society gastrointestinal endoscopy gi discomfort 12 mg ivermectin for sale ivermectin tablets stromectol ivermectin tablets for humans ivermectin tablets for sale https://ivermectinstrom.com/# ivermectin tablets

ZxbcelFriday 24th of September 2021 03:42 PM
accutane canada pharmacy - where to get accutane in singapore best generic accutane

NfpfgeThursday 23rd of September 2021 11:18 AM
tadalafil cheap tadalafil - generic tadalafil online buy tadalafil online

plaquenilWednesday 22nd of September 2021 04:49 PM
baldness remedies degenerative arthritis treatment hydroxychloroquine for sale plaquenil https://hydroxychloroquineplaquen.com/# hydroxychloroquine from canada

AwanzpWednesday 22nd of September 2021 04:40 AM
sildenafil no prescription - sildenafil sample generic sildenafil canada

ivermectin for sale for humansTuesday 21st of September 2021 11:27 PM
arthritis meaning natural arthritis pain relief ivermectin for humans ivermectin for sale ivermectin 12 mg ivermectin 3 mg 12 mg ivermectin for sale https://ivermectinst.com/# ivermectin over the counter

SzxggdMonday 20th of September 2021 11:40 PM
ivermectin cream uk - stromectol uk buy cost of stromectol

CiubnfSunday 19th of September 2021 07:30 PM
ivermectin where to buy - ivermectin medicine ivermectin without prescription

DtdsubSaturday 18th of September 2021 11:40 AM
doxycycline 500 mg capsules - prednisolone 5mg price where can i buy prednisolone tablets

XfuexgFriday 17th of September 2021 03:21 AM
buy cytotec online india - cytotec for induction of labor generic cytotec

GiwfmpWednesday 15th of September 2021 09:54 PM
ventolin price - ventolin for sale buy ventolin

ZbzuqpTuesday 14th of September 2021 03:39 PM
lasix 25 mg - furosemide 20 mg tab cost lasixonline

OrtdpiMonday 13th of September 2021 11:59 AM
buy prednisone 40mg - prednisone 10mg online deltasone 10 mg price

ApbobnSunday 12th of September 2021 10:23 AM
stromectol tab price - ivermectin buy nz stromectol cream

GotxqwThursday 09th of September 2021 11:13 PM
tadalafil 20mg in india - Cialis without rx brand cialis 5mg online

ZyriczWednesday 08th of September 2021 02:22 PM
buy viagra online in usa - Samples of viagra viagra generic uk

KsklfvTuesday 07th of September 2021 08:21 AM
buy a term paper online - macbeth essay help best college paper writing service

EhxbfsMonday 06th of September 2021 04:08 AM
solu methylprednisolone - lyrica tablets 50mg lyrica australia

VmcmlcSaturday 04th of September 2021 03:46 PM
amoxicillin for humans for sale - buy amoxicilina noscript canada amoxicilin usa

BhuoajFriday 03rd of September 2021 09:37 AM
accutane over the counter - accutane price buy accutane generic price

XqljihThursday 02nd of September 2021 05:17 AM
prednisone 50 mg coupon - prednisone medicine prednisone 12.5 mg

NhruqpWednesday 01st of September 2021 03:18 AM
ivermectin 6mg - stromectol cost in usa where to buy ivermectin pills

XdbiahMonday 30th of August 2021 01:14 PM
levitra usa - vardenafil 10 pills order levitra

PmwsavSunday 29th of August 2021 10:19 AM
buy cialis online safely - tadalafil india

IigmzjSaturday 28th of August 2021 12:01 AM
best price for real viagra - can i buy viagra in canada female viagra pill canada

PytjzhThursday 26th of August 2021 10:52 AM
neurontin medication - neurontin 4000 mg price for synthroid 100 mcg

PmymmjWednesday 25th of August 2021 02:02 AM
631311 doxycycline - doxycycline 100mg tablet price order doxycycline online australia

SsssqoMonday 23rd of August 2021 02:00 PM
buy cytotec fast delivery - fastcytoteh.com cytotec online without prescription

JxkfcnSunday 22nd of August 2021 04:22 AM
ventolin 90 mcg - ventolin price uk ventolin hfa inhaler

OltlxyFriday 20th of August 2021 10:19 AM
ivermectin otc - cost of ivermectin stromectol

Write a Comment

Forex Featured Brokers


100% Welcome Bonus
$140 No Deposit Bonus
Broker Type : STP/ECN
Leverage up to 1:3000

Start Trading View Profile ┬╗

Free Trading Signals
Leverage - up to 1:200
Min: Deposit: $250
Broker Type: STP/ECN

Start Trading View Profile ┬╗

100% Free Bonus
Minimum Deposit $5
Leverage up to 1:1000

Start Trading View Profile ┬╗

$30 No Deposit Bonus
120% Deposit Bonus
Leverage up to 1:3000
Minimum Deposit $10

Start Trading View Profile ┬╗

100% Deposit Bonus
Minimum Deposit $10
Leverage up to 1:777
Broker Type: NDD

Start Trading View Profile ┬╗

50% Deposit Bonus
Leverage up to 1:400
Minimum Deposit $100
Broker Type: NDD

Start Trading View Profile ┬╗