Forex encyclopedia

The Fibonacci Spiral & Fibonacci Time Projection is among the popular Fibonacci Studies on the Forex market. Using these two methods in combination help traders to determine powerful support and resistance levels of the market along with time prediction. While the Fibonacci Time Projection is quite common and its rules are clear, the Fibonacci Spiral strategies can be used in different ways.
In order to navigate a ship you need to have a compass. In order to Charter a plane you need to observe your instruments. Its no different in Trading the foreign exchange market you must have all your indicators clearly on screen, so that you can see how far the market can move and also prepare timing for precision market entries and precision market exits for Maximum profitability.
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