“LEARN BEFORE YOU EARN”
(DEAR ALL IF ANYONE OF US REALLY WANT TO MAKE CONSISTENT AND LONG TERM MONEY HERE IN MARKET THEN INSTEAD OF BLINDLY BELEIVING TIPS PROVIDER’S AND SO CALLED 99% ACCURACY EXPERT WE SHOULD GAIN SOME KNOWLEDGE AND START LEARNING THE CONCEPT’S)
BECUASE HERE IN THE MARKET
TWO TYPE OF PEOPLE COME’S
WHO HAVE MONEY BUT NO EXPERIENCE
WHO HAVE EXPERIENCE BUT NO MONEY
PEOPLE WHO HAVE MONEY BUT NO LEARNING/EXPERIENCE WILL LOOSE MONEY AND GAIN EXPERIENCE AND THOSE WHO HAVE EXPERIENCE BUT NO MONEY WILL GAIN MONEY.
SO AT END OF THE DAY EVERYONE GET BACK TO HOME WITH SOMETHING …MARKET NEVER SEND’S ANYONE EMPTYHANDED…
SO IT ALL DEPEND’S ON YOU WHAT DO YOU WANT
IF YOU REALLY WANT TO LOOSE MONEY BY DOING SPECULATION AND FOLLOWING TIPS’S PROVIDER’S AND END UP LOOSING EVERYTHING YOU HAVE
YOU FIRST GAIN KNOWLEDGE AND WISDOM AND THEN MAKE MONEY BY JUST USING IT.
DECISION IS YOUR’S AS MONEY IS YOUR’S
FIBONACCI RETRACEMENT AND EXTENSION TOOL
IMPORTANCE AND USE
What are the ratios and how are they used?
I will spare you the long, historical (and mostly erroneous) explanation of where the Fibonacci ratios come from and how they appear in the natural world except to say that fibonacci analysis is based on the fibonacci number series and the Fibonacci ratios, which are then applied to price charts.
While there are many Fibonacci ratios, in my experience, it is sufficient to stick with the standard levels of 23.6%, 38.2%, 50%, 61.8%, 100% and 161.8%. Slicing these levels into thinner segments results in a crowded chart and probably won’t improve your analysis.
How are fibonacci ratios calculated?
The ratios are based on the distance between fibonacci numbers. If we use three numbers from a simple fibonacci series (1,1,2,3,5,8,13,21,34,55…) you can see how this works in the examples below.
1. (34-21)/34 = 38.2%
2. (34-21)/55 = 23.6%
3. (34-21)/21 = 61.8%
REFERNCE VIDEO’S TO WATCH