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Random article: Fibonacci Chart

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.

Popular article: How to trade the Forex market with best profit and often risk free

I have traded for five years. And have almost always lost. To say I have had no Luck is no lie. But that’s what makes me special. I never gave up. And through all the losses and pain I have become a better person and trader through the difficulty and by perseverance. I studied brilliant money management and Strategies which all work very well. I went on the worlds best courses and paid big money. There is a proverb: It says: “ why is there in the hand of a fool the purchase price of Wisdom when he has no heart for it.” I was the problem. Not the market. I was un-disciplined. I over leveraged. I got lazy and did not analyze sufficiently. And the main reason for that was that I got caught up inside the Old day trading scalping trap of trying to get involved in market movements that were not mature, ripe and well they just weren’t ready. I have learnt that to be successful in trading this market you need be patient. Waiting for a setup means the market will come to your entry and then you take the risk.

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