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Thread: Fibonacci Gold
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04-04-2011, 00:29 #1
Fibonacci Gold
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04-10-2011, 12:52 #2
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Re: Fibonacci Gold
Fibonacci numbers have nothing to do with the markets. Markets are barometers of human emotions, economic conditions and political situations. Millions of variables play a part. Trading can not be an absolute process. It is just is not the case. Becoming a successful trader is more an art than a science.
However, many forex traders claim the success with the Fibonacci Series. Do they lie? Not at all. It simply means that at this particular instance of the market cycle the ups and downs of the currency appears to show the Golden Ratio pattern. The successful Fibonacci trader spots these types of the market movement and enters the game with the Fibonacci method and wins.
http://forexsure.net/advanced-forex/...rategies-.html
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04-10-2011, 12:52 #3
- Join Date
- Apr 2011
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- 5
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Re: Fibonacci Gold
Fibonacci numbers have nothing to do with the markets. Markets are barometers of human emotions, economic conditions and political situations. Millions of variables play a part. Trading can not be an absolute process. It is just is not the case. Becoming a successful trader is more an art than a science.
However, many forex traders claim the success with the Fibonacci Series. Do they lie? Not at all. It simply means that at this particular instance of the market cycle the ups and downs of the currency appears to show the Golden Ratio pattern. The successful Fibonacci trader spots these types of the market movement and enters the game with the Fibonacci method and wins.
http://forexsure.net/advanced-forex/...rategies-.html
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