Continue reading...The Fibonacci studies are popular trading tools. Understanding how they are used and to what extent they can be trusted is important to any trader who wants to benefit from the ancient mathematician’s scientific legacy. While it’s no secret that some traders unquestionably rely on Fibonacci tools to make major trading decisions, others see the Fibonacci studies as exotic scientific baubles, toyed with by so many traders that they may even influence the market. In this article we’ll examine how the Fibonacci studies may influence the market situation by winning the hearts and minds of traders.
The Famous Italian It was during his travels with his father that the Italian Leonardo Pisano Fibonnacci picked up the ancient Indian system of nine symbols and some other mathematical skills that would lead to the development of Fibonacci numbers and lines.
One of the Italian’s works, “Libre Abaci” (1202), contained some practical tasks that were related to merchant trade, price...
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