Posts Tagged ‘fibonacci’

What Is a Retracement in Forex?

You’ll hear a lot about retracements in Forex, in particular that you should trade off of them. While the word “retracement” is often found in the context of Fibonacci retracements, it is a broader, more general topic, and quite often people referring to retracements aren’t referring to Fibonacci levels at all. What is a retracement in Forex? Quite simply, a retracement is any temporary reversal in price within a major price trend. The word [...]

permalinkRead More CommentComments (0) CatForex Definitions

Fibonacci in Forex: When Rabbits Give You Valuable Trading Advice

Leonardo Fibonacci (1170-1250) was an Italian mathematician, considered by many to be the most talended of the Middle Ages. He popularized a number series, which would later be named after him, as a model of the rabbit population growth generation by generation, but it will later be discovered that these number can be applied to a variety of other situations, including forex trading.

permalinkRead More CommentComments (0) CatArticle, Forex Basics