Enter your E-mail Address

Enter your First Name (optional)

Then

Don't worry -- your e-mail address is totally secure.
I promise to use it only to send you Trading Tribune.

Home
Welcome Forex Blog
Free eNewsletter
Strategies 1. Key Reversal Strategy
2. Gap Strategy
Signals 3. Mallet Formation
4. Engulfing Signal
5. King & Queen Signal
Analysis 6. Support & Resistance
7. Trend Lines
Important Tips 8. Money Safety
9. Candlestick Charts
10. Best Currencies?
11. Announcements
12. Brokerage Firms
13. Trading Forum
14. Market News
Site & Legal Info Contact Us
Privacy Policy
Disclaimer
Links

Subscribe To This Site
XML RSS
Add to Google
Add to My Yahoo!
Add to My MSN
Subscribe with Bloglines

Leonardo Fibonacci

Leonardo Fibonacci was born in the late 12th century in Pisa, Italy. He was the son of commercial traders and often accompanied his father on business trips. On these trips he had the opportunity to meet other merchants and learn their way of doing arithmetic.

His passion for mathematics was ignited, and he particularly liked the Hindu-Arabic numeral system. He took this system throughout Europe, and this is where the modern Western numerals of 0, 1, 2, 3, 4, 5, 6, 6, 7, 8 and 9 originate.

leonardo fibonacci Fibonacci used the Fibonacci sequence in his book about the Hindu Arabic numeral system “Liber Abaci (Book of Calculation)”, as an example of how calculation works in nature.

In the Fibonacci sequence, each number is the sum of the previous two.

1 (1+0)
= 1 (1+1)
= 2 (2+1)
= 3 (3+2)
= 5 (5+3)
= 8 (8+5)
= 13… and so on.

The example gave rise to a “golden ratio” which is present in nature everywhere, and is commonly used by architects to create aesthetically pleasing designs. It is also used by Forex Traders when determining where the market will find support or resistance.



Leave Leonardo Fibonacci and return to Forex Online Trading Systems

Return to Forex Trading Beginner Homepage


What are you looking for?