The Truth about Fibonacci Trading

The truth about Fibonacci levels is that they are useful (like all trading indicators). They do not work as a standalone system of trading and they are certainly not the “holy grail”, but can be a very effective component of your trading strategy.

But who is Fibonacci and how can he help you with your trading?

Leonardo Fibonacci was a great Italian mathematician who lived in the thirteenth century who first observed certain ratios of a number series that are regarded as describing the natural proportions of things in the universe, including price data. The ratios arise from following number series: 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144…

199 Downloads

Leave a Reply

Your email address will not be published. Required fields are marked *

Calendar
December 2022
M T W T F S S
« Dec    
 1234
567891011
12131415161718
19202122232425
262728293031