There is a fact in our world that tell us a lot about how we live and how we deal with our business. "There is nothing 100% secure, but death , and that's the truth. We all wish we could have a complete and total control of our lives but the fact is that we always have to deal with probabilities, we must be prepared for the unexpected from time to time.
Even forex traders with limited experience can realize that the key for a successful trading career is not the impossible task of catching all of the profitable trades, which would be equivalent to capture every market move. What a wise forex trader wants is to improve the odds of profitable trades and reduce the losers by a means of a filtering process for high-probability trades.
There is also the fact that the forex market is markedly trending market, a factor contributing to the usefulness Fibonacci trading in this market. It has been demonstrated by experience that the combination of the trending characteristics of forex and Fibonacci techniques can provide highly accurate signals for high probability profitable trades. Fibonacci trading is directly related to the existence of specific mathematical proportions that are prevalent in many places and structures in nature as well as in many human made creations.
Fibonacci was the last name of an Italian mathematician who is best remembered by his world famous "Fibonacci sequence", the definition of this sequence is that it's formed by a series of numbers where each number is the sum of the two preceding numbers; 1, 1, 2, 3, 5, 8, 13. In the case of forex trading what is more important for the forex trader is the Fibonacci ratios derived from this sequence of numbers, i.e. .236, .50, .382, .618, etc.
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