Forex encyclopedia

From this article you will learn the history of Fibonacci numbers and, in particular, their role in chart analysis of the Forex market. Leonardo Fibonacci (Leonardo Pisano) – is a famous Italian mathematician who lived in XIII century. He got acknowledgment as a great person following to publication of his work “Liber Abaci”. The book was issues in 1202, the second revised edition – in 1228, which remained till our time. His work introduced Hindu-Arabic number system to Europeans. It greatly contributed to such branches of science as physics, maths, astronomy, biology etc. Fibonacci sequence allows to interpret various natural phenomenon and forms, whereas “golden ration”, according to Johannes Kepler, is one of the treasuries of geometry.

NewYork market accounts approximately 19% of the total trade. USD is the currency of the world, nearly 90% of trade will always involve dollars in it.