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Forex
A very important thing in trading in the forex is Fibonacci
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[QUOTE="HOLA, post: 307844, member: 97887"] Fibonacci retracements and extensions are popular technical analysis tools among forex traders. They use the mathematical principles of the Fibonacci sequence to identify potential areas of support and resistance, as well as to determine entry and exit points for trades. Fibonacci retracements are calculated by dividing the vertical distance between two points on a price chart by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8%, and 100%. These levels can be used to set stop-loss orders, enter or exit trades, or identify potential areas of support and resistance. Fibonacci extensions are projected beyond the most recent high or low to identify potential price targets for trades. However, it is important to use Fibonacci in combination with other technical and fundamental analysis tools to develop a comprehensive trading strategy. [/QUOTE]
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A very important thing in trading in the forex is Fibonacci
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