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1. Introduction:

Fibonacci was one of the most important scientists of Italy in mathematics made a theory that the basis of any rise must be followed by a temporary decline before continuing to rise again and recently traders began to benefit from this theory in predicting the movement of currencies and measure this theory the extent to which the decline of the process and the most important levels seen by Traders are 38.2 and 50.0 and 61.8 of the main movement which is in the general direction of the currency.
2. Applying Fibonacci Theory to Currency Trading:

Fibonacci lines are strong lines to identify support and resistance points, and the idea of these lines is short: that after forming a bullish or bearish trend, the price must return to correct (ie opposite direction). Here comes the role of these lines to determine the extent to which the correction will occur, and whether this correction will reach the degree of reversal of the trend from the rise to the fall or from the descent to the rise.
Fibonacci lines are therefore the support and resistance points in this correction. The trend here may differ from a strong long-term trend on Weekly or Daily, for example, or it may …
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AAAnya avatar
AAAnya 26 Feb.


FXNOAD avatar
FXNOAD 28 Feb.

I thank everyone for their beautiful comments and good luck to everyone

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Armands avatar
Armands 1 Mar.

Well done

Mattie avatar
Mattie 1 Mar.

Wonderful job!

orto leave comments
Hi community members welcome to the new month, and wish you happy New Year,
Are you peopling getting confusions? why am I wishing you all, and why I am telling here about the basic mathematics? According to HINDU Culture March is the starting month of our new year, One doubt is cleared I thought. Next coming to your second doubt, I am thinking about to tell a small story. May be that story will clear yours second doubt of my article.
The two young dreamers BRUNO and PABLO wanted to be rich and they were good friends also. Waited for a long time to get opportunity. Finally they got the job to earn, which is bringing the water to the village from the river by using buckets. But Pablo was not ready to go again, he got an idea and said to Bruno about building the pipeline. In that time Pablo also not sure about what he is going to do but he had little confidence about him. Finally pipeline is made. You all know story is THE PARABLE OF THE PIPELINE written by BURKE HEDGES.
Again are you getting so many knots instead of revealing the second doubt? Wait a second, Almost of all the humans are not able to do more difficult work for a long time. But Bruno assumes that he will do. We can’t …
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rupesh1984 avatar
rupesh1984 18 Mar.

in the truth,Flash crash never save you even after stop loss !!

Wovch avatar
Wovch 18 Mar.

great job

wisdom_consultant avatar

good article

Beto avatar
Beto 26 Mar.

Good summary my friend.

FE_GMTplus10 avatar

well done!

orto leave comments
The president elections in US impacted financial markets since the beginning of the election process. Dollar, gold and stocks volatility rose above the normal. Mexican pesos saw 2% growth. Gold dropped that much. And one week till the elections things got dramatic. Dollar index fall 1. 42%, S&P 500 saw 1.94% drop, in contrary gold started to rise and became 2.38% more expensive. Economists try to explain and predict market move. Let’s first look into general information.
Elections impact financial markets in every country. A research made from 466 election period in 79 countries between 1980-2006 shows that investors become less sensitive to the price during elections. This lack of interest can be up to 40%. It depends on democracy, corruption level and level of government involvement in business. In us investors become 20% less sensitive to the price during the elections.
This is because of the possibility of elections to change economic situation. New president can cause legislative or policy change that can cause prosperity in one sphere and decline in another, or may open new possibilities. Investors also can behave because of political loyalty or rivalry.
Political rhetoric al…
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adiray avatar
adiray 16 Dec.

great piece of work

Starsailor avatar
Starsailor 21 Dec.

good work

Dieselfx avatar
Dieselfx 27 Dec.


bibo avatar
bibo 3 Jan.

good luck

Josecarlos avatar
Josecarlos 20 Feb.

interessante, informação ótima

orto leave comments