What is Forex and how does it work?
27 November 2015
1 Comment
Learn everything about Orderflow trading?
- theforexscalper
theforexscalper
Email us now :
info@theforexscalpers.com
Learn everything about Orderflow trading?
theforexscalper
Email us now :
info@theforexscalpers.com
Let me start with a little more to tell about it.
So the idea behind it is the very first thing that you need to know about the Fibonacci tool in trading.
The inventor was Leonardo Pisano Bigollo.
And he was an Italian mathematician more commonly known as Fibonacci.
He lived in the late 12th-early 13th century.
And among other math enthusiasts Leonardo really stood out.
As he introduced the numeral system to the West.
Meanwhile he defined a series of Fibonacci numbers.
By posing and solving an issue involving the rabbit population the Fibonacci sequence was created.
Nice huh?
So Fibonacci introduced the series which probably originated in the 6th century.
With using idealized assumptions.
For example every number in the series beginning with 0, 1, 2, 3, 5, 8, 13, 21.
And so on it is the sum of the preceding two.
In short A 0 at the beginning is also used in the current version of the series.
So what does trading have to do with all this?
Well because the Fibonacci series managed to survive for so long.
So it’s fair to say that it came in handy.
All the way up to modern-day trading.
So where the sequence numbers are used to measure the precise levels.
That the price can communicate with on the chart.
Fibonacci retracement ratios are also called fib levels.
Ok let me explain.
So you first have to understand where the retracement levels come from.
In order to begin trading with using the Fibonacci series.
Forex retracements are temporary market reversals within broader patterns.
And the thresholds of retracement are used as virtual limits from which the motion can bounce off.
The analysis of the Fibonacci retracement allows traders to visualize these limits.
And make trading decisions more efficient.
Since the Fibonacci retracement formula is integrated into the MT4 and others.
And a general understanding of the basic math behind it can be beneficial.
If you are a beginner trader and to become a good professional forex trader.
Therefore The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones.
Which is already traded and tested by thousands of TFS members and performs daily trades.
So to become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand.
Join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations.
Which boosts your trading skills make you Professional Forex Market Trader.
TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker.
They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.
Welcome to my author blog. With over 12 years of experience in the financial markets, Trading is more than a profession for me; it's a passion that has fueled my curiosity and determination. Over the years, I've explored various trading strategies, dabbled in different asset classes, and navigated through the ever-evolving landscape of technology and innovation. Through it all, I've witnessed firsthand the transformation of the financial industry. My mission is to share the wealth of knowledge I've gained over the years with you, my fellow traders and aspiring investors. Whether you're a seasoned pro looking for fresh perspectives or a newcomer eager to understand the basics, you'll find something valuable here.
