• 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 (187)

YnpdclSaturday 30th of April 2022 12:00 PM
real money casino online - online slots buy generic acillin

AavoxvFriday 29th of April 2022 03:47 AM
big fish casino online - cheap paper writing services best website for writing essays

MxxinhTuesday 26th of April 2022 06:04 PM
tamsulosin sale - order flomax online spironolactone pills

CjghitThursday 14th of April 2022 07:49 AM
furosemide pills - purchase zithromax for sale order zithromax pill

NudzmbSaturday 02nd of April 2022 06:59 PM
modafinil over the counter - online pharmacy non prescription drugs top ed pills

FuaaxdTuesday 29th of March 2022 03:15 AM
viagra tablet - purchase plavix online cheap buy plavix generic

TpukoiSunday 27th of March 2022 05:57 AM
buy toradol pill - tizanidine order ozobax uk

AnketxSaturday 26th of March 2022 09:56 AM
purchase sildenafil online cheap - buy cialis for sale buy cialis pills

BhhbbwThursday 24th of March 2022 04:31 PM
order zetia for sale - buy motilium generic citalopram over the counter

JltuhbFriday 25th of February 2022 06:47 AM
cialis from canada - buy cialis generic cheap stromectol

KqclqoTuesday 22nd of February 2022 02:08 PM
bimatoprost medication - methocarbamol tablet trazodone price

LsfkxgMonday 21st of February 2022 01:38 PM
budesonide online order - order budesonide online order ceftin sale

OvmihuFriday 18th of February 2022 01:16 AM
cost of ivermectin - buy ivermectin online stromectol uk

MrdxbnMonday 31st of January 2022 08:39 PM
casino games - real online casino azithromycin us

GdcczdTuesday 25th of January 2022 10:41 PM
chloroquine pill - sildenafil cost cheap sildenafil pill

FeehuhMonday 27th of December 2021 07:34 PM
plaquenil cheap - buy plaquenil online cheap hydroxychloroquine ca

YijdsdSaturday 11th of December 2021 08:32 AM
best over the counter ed pills - buy ed medication online accutane price south africa

DbzgxsTuesday 07th of December 2021 06:30 AM
purchase viagra canada - viagra tablets buy viagra over the counter in canada

GxpeybFriday 03rd of December 2021 11:38 AM
doubleu casino - slots online red dog casino

LbowvgThursday 02nd of December 2021 04:31 AM
canadian pharmacy for viagra - order phenergan online cheap canadian pharmacy no prescription needed

ExakbkMonday 29th of November 2021 11:34 AM
essay helpers - buy a custom essay my mother essay writing

KjrbknFriday 26th of November 2021 12:44 PM
erection pills that work - where to buy ed pills otc ed pills that work

RnmqkeWednesday 24th of November 2021 04:16 PM
canada drugs - canadian pharmacy victoza canada drug pharmacy

MlyliiFriday 19th of November 2021 10:47 AM
vegas casino online - gambling game online casino real money no deposit

BegothThursday 18th of November 2021 05:04 AM
amoxicilin usa - buy amoxicillin uk antibiotic amoxicillin for sale

WjbqxiTuesday 16th of November 2021 01:47 PM
how to get accutane prescription - buy brand name accutane online accutane usa

AhzxxaFriday 12th of November 2021 10:05 AM
top ed pills - sexual dysfunction red ed pill

EgwsefThursday 11th of November 2021 02:45 AM
canada drugs reviews - reputable canadian online pharmacy canadian pharmacy ltd.

KphkgpMonday 08th of November 2021 11:22 AM
empire casino online - site big fish casino online

YtixtzWednesday 03rd of November 2021 07:23 AM
can i buy accutane online - buy isotretinoin online order cheap accutane

PlacidThursday 28th of October 2021 12:15 PM
online pharmacy viagra - best canadian pharmacy for cialis generic viagra online canadian pharmacy

XftkqvSunday 24th of October 2021 08:35 PM
viagra prescription uk - Buy cheap viagra online us buy sildenafil in usa

GfnjwaSaturday 23rd of October 2021 04:47 PM
buy an essay online - thesis writer writing paper online

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

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

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

online pharmaciesThursday 14th of October 2021 08:00 PM
rheumatoid arthritis diagnosis food allergy children canadian drugstore online drugstore canadian drugstore

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

canadian pharmaciesFriday 08th of October 2021 08:28 AM
what can i use for allergies natural cures for allergies online pharmacies online pharmacies online pharmacies

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 online pharmacies

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

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

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 hydroxychloroquine from canada

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

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

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

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

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

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

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

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

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

Write a Comment

Forex Featured Brokers


Free Trading Signals
50% Deposit Bonus
Broker Type : STP/ECN
Leverage up to 1:1000

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 »

15% Deposit Bonus
Minimum Deposit $100
Leverage up to 1:1000
Broker Type: ECN/STP

Start Trading View Profile »

$6000 Trading Bonus
88% Deposit Bonus
Leverage up to 1:1000
Minimum Deposit $25

Start Trading View Profile »

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

Start Trading View Profile »