Surveying Stock Market Forecasting Techniques Part I : Automated Forex Trading Approaches By Fibonacci : Fibonacci was the great mathematician from Italye founded the new sequence of numbers and it was named after him called as fibonaccihe 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377,610 etc are the numbers of this sequence which has the starting of 0 and 1ach number in this sequence is the sum of the preceding two numbersow can this be applied to Forex Trading Onlinehe higher up in the sequence,the closer two consecutive "Fibonacci numbers" of the sequence which are divided by each other will approach to the golden ratiohen this ratio is applied to the trading stocks,it produces two results as primary and secondaryhe primary result refers to moving in one direction while the secondary in the opposite directionn primary trend,the most Well-liked Fibonacci retracement levels are 38%,50%,61%hese simple levels are used by most basic stock charting applicationshese Fibonacci retracement levels act almost as magnets once the countertrend rally ... [Read More : Surveying Stock Market Forecasting Techniques Part I]
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