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In technical analysis for Forex trading, lines and various geometric shapes plotted on price charts and graphs are called Line Studies. Fibonacci Ratios, derived from the Fibonacci Series are considered the most basic technical analysis tool in Forex trading.

Fibonacci Ratios in Forex Trading

In technical analysis for Forex trading, lines and various geometric shapes plotted on price charts and graphs are called Line Studies. These include Support and Resistance Lines, Trend Lines, Horizontal, Rising and Falling in addition to Fibonacci Studies. Fibonacci Ratios , derived from the Fibonacci Series are considered the most basic technical analysis tool in Forex trading in general, FXLORDS’ Forex Trading Signals and Managed Forex Accounts

Fibonacci Series

The Fibonacci Series or Fibonacci Sequence is a renowned numeric sequence, discovered by Leonardo Fibonacci in 1202, which can be used to give you various support or resistance levels by applying its computational series. Fibonacci levels are drawn as follows: First, identify the highest and lowest points of a price move on the chart, from the lowest point to highest. Then after you apply the indicator, Fibonacci’s six levels will be automatically drawn on the chart. The percentages are 0%, 23.6%, 38.2%, 50%, 61.8% and 100% of the price move from the bottom to the top. After prices move up or down, they often re-correct and retest Fibonacci levels as if they were facing support and resistance levels at or near the Fibonacci level in the context of a corrective move.

Fibonacci Ratios | FXLORDS

FXLords.com mission is to provide a simple approach to understanding Forex, the technical factors and news affecting the financial markets, and further support both the novice and advanced trader through videos and daily newsletters, giving you the tools needed to conduct successful trades. Education is persued for the Arabic trader to develop his skills and his ‘trading’ senses, in addition to the guidelines needed to handle modern Forex and financial sciences, automated trading programs and in-depth economic reports and how to analyse them, offering the first and finest source of education and innovative service in the Forex Sector.
In addition to the daily technical analysis, fundamental outlook and daily recommendations, FXLords provides an interactive section for members, giving them the opportunity to discuss their ideas, comment on the trades of others and follow the advice of FXLords’ experienced members. In doing so, FXLords has opened channels to support traders and money managers in developing all the skills needed by professional traders.

About Razi Hammouda

Razi’s professional experience was gained over the course of more than a decade working with leading Forex market makers in the Middle East, Asia and Europe where he learned about trading, financial instruments and global markets. Being exposed to the wide range of skills he acquired along the years, he continued to develop his trading strategies and further improving his track record in Forex trading. He used innovative business development strategies to find FXLORDS, helping it to rapidly become a major provider of education and trading tools to the successful trader. He is an enthusiastic individual, motivated by challenge and renowned for pushing the limits, always looking to gain some more experience and help as much as possible along the way.

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