Forex Trading Guide                       Bookmark This Page

Welcome to Forex Trading Guide

Article

What's Fibonacci Forex Trading?
Adrian Pablo

Fibonacci forex trading is the basis of many forex trading systems used by a great number of professional forex brokers around the globe, and many billions of dollars are profitable traded every year based on these trading techniques.

Fibonacci was an Italian mathematician and he is best remembered by his world famous Fibonacci sequence, the definition of this sequence is that it's formed by a series of numbers where each number is the sum of the two preceding numbers; 1, 1, 2, 3, 5, 8, 13 ...But in the case of currency trading what is more important for the forex trader is the Fibonacci ratios derived from this sequence of numbers, i.e. .236, .50, .382, .618, etc.

These ratios are mathematical proportions prevalent in many places and structures in nature, as well as in many man made creations.

Forex trading can greatly benefit form this mathematical proportions due to the fact that the oscillations observed in forex charts, where prices are visibly changing in an oscillatory pattern, follow Fibonacci ratios very closely as indicators of resistance and support levels; maybe not to the last cent, but so close as to be really amazing.

Fibonacci price points, or levels, for any forex currency pair can be calculated in advance so that the trader will know when to enter or exit the market if the prediction given by the Fibonacci forex day trading system he uses fulfills its predictions.

Many people tries to make this analysis overly complicated scaring away many new forex traders that are just beginning to understand how the forex market works and how to make a profit in it. But this is not how it has to be. I can't say it's a simple concept but it is quite understandable for any trader once he or she has grasped the basics and has had some practice trading using Fibonacci levels along with other secondary indicators that will help to improve the accuracy of the entry and exit point for every particular trade.

Free chapters of a forex day trading system can be downloaded at http://www.1-forex.com in case you are interested in learning more about Fibonacci forex trading.
About the Author

Adrian Pablo; Forex trader and freelance writer.

>> http://www.1-forex.com

Forex trading News

Forex trading

A Japanese man makes his way past an electric market board in central Tokyo, Tuesday, Dec. 2, 2008. Japan's Nikkei stock index tumbled more than 5 percent in early trade Tuesday following massive losses on Wall Street amid growing gloom over the ...

Nikkei index falls sharply after US plunge - WTOP Radio

Dec 01 - Euro Quietly Makes Higher Lows in November Nov 30 - Forex Automated Trading Signals Sell EUR/USD Using Breakout2 in Final Week of Free Trial Nov 30 - Forex Automated Trading Signals Buy GBP/JPY Using Breakout2 in Final Week of Free Trial Nov ...

Euro Quietly Makes Higher Lows in November - DailyFx

Dec 01 - Currency Trading Market Conditions Remain Challenging: Breakout Strategies Prove Profitable Nov 24 - Currency Trading Market Conditions Difficult to Forecast: Look for Good Range Trading Strategies Nov 20 - Forex Trading Signals Update ...

Currency Trading Market Conditions Remain Challenging: Breakout ... - DailyFx

Synopsis : This book shows readers how to successfully trade the Forex market on their own. FX Bootcamp's Guide to Strategic and Tactical Forex Trading skillfully explains how to combine popular technical indicators to formulate a comprehensive ...

Forex Books - FXStreet.com

(*) This is the password you need to enter the hotComm room, not your FXstreet.com user account password. In this long-term educational series, called "FX Bootcamp Basic Training", we will start you at the very beginning: teaching you how to crawl ...

The Forex Basic Training Program - Chapter IX - FXStreet.com

Welcome to Part IV of a four part series discussing the current state of the foreign exchange markets and the future problems and issues that will surround it. Part I of this series explained the general relationship between commodities, the Euro and ...

Forex Markets: A Look into the Dollar Part IV - Seekingalpha.com

Mumbai: India's rupee fell towards a recent record low on Monday, weighed down by losses in the domestic equity market, but state-run banks capped losses by selling dollars, probably on behalf of the central bank. The partially convertible rupee ...

Indian rupee plummets - Gulf News

Forex day trading is something that appeals to a lot of forex traders and it's easy to see why. Currencies trade in quite a wide range every single trading day so there are always good profits to be made. However forex day trading is definitely not ...

Forex Day Trading - Is It Right For You? - Best Syndication

TOKYO, Nov 27 (Reuters) - The dollar fell against the euro on Thursday, reversing some of the previous day's gains on a string of weak U.S. economic reports that renewed worries about a deepening economic recession and revived safe-haven flows into ...

FOREX-Dollar slips vs euro before U.S. holiday - Forbes

DUBAI - Alpari, one of the retail providers of online forex trading services, plans to launch a regional office in Dubai to tap the growing potentials for the equity and bond markets and to boost its operations in the Middle East region. The move ...