Posts Tagged ‘support and resistance’

Support and Resistance Lines: Learn How to Read the Charts!

Author admin on November 26th, 2009

Technical analysis teaches us how to read the language of the markets as we trade Forex online. After we learn how to read it, we may begin to speak it as well, interacting with fellow traders in the vast Forex universe, and profiting from our knowledge. Technical analysis’ tools of translation are the indicators, and price formations that are drawn on price charts. While many of these tools have their critics [...]

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Fibonacci in Forex: When Rabbits Give You Valuable Trading Advice

Author admin on August 27th, 2008

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.

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