Here are the seven indicators used in fx trading:
Here we are going to discuss about seven most important Forex Indicator.
Aside from this sequence of number where every next number is the sum of the proceeding two, 0, 1 (0+1), 2 (1+1), 3 (2+1), 5 (3+2), 8 (5+3), 13 (8+5), etc.
There are the "Fibonacci ratios".. By comparing the relationship between each number, and each alternate number, and even each number to the one four places to the right, we arrive at some fairly consistent ratios.
The important ones are .236, 50, .382, .618, .764, 1.382, 1.618, 2.618, 4.236, and for good measure we include 1.00 ..
It turns out that the ratios are mathematical principles prevalent in nature around us, and is also in manmade objects. There are many interesting, entertaining, and poetic observations about Fibonacci numbers and ratios in the universe. click here for details.
Confused? Find it difficult, but still want to get in on Forex and make money? Then let a computer software package do _ALL the trading for you!
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