If you have ever seen a forex chart I'm sure you have noticed how the pricing of currency pairs follow an oscillatory pattern and surely you have tried to guess what the graph will do next; secretly you wish you could know how to guess that behavior of the curve because you know that in those charts and in learning the behavior of the forex graphics is where all the money in forex trading is.
There is no way you can know the future in advance with 100% certainty, but there are tools available for the forex trader that can really help you in with these "predictions". One of the best tools is known as Fibonacci levels and they are used by many professional forex traders to make millions of dollars around the world.
Fibonacci levels are first based on the famous Fibonacci sequence named in honor of an Italian mathematician who first discovered this mathematical concept expressed as a series of numbers that looks as this: 1, 1, 2, 3, 5, 8, 13,...as you can see there is a pattern in this numbers and the most important part of this concept is that the pattern can be seen in many natural phenomena and yes, in the capital markets too.
From the series above we can derive the Fibonacci ratios that look like this: .236, .50, .382, .618, etc. Forex trading can be linked to these ratios with awesome accuracy by using the oscillations you can see in the forex charts. The oscillatory patterns follow Fibonacci ratios very closely and for the educated eye they can show the resistance and support levels.
What is maybe the most important characteristic of Fibonacci forex trading is that the levels can be calculated in advance using data available for any currency pair so the forex trader will know when to enter or exit the market according to what is the most profitable decision depending on the market conditions.
0 komentar:
Posting Komentar