Fibonacci Sequence Formula: Exploring the Basics of Forex Trading


The Fibonacci Sequence Formula is a numerical sequence that is widely used in Forex trading. This sequence is created by adding the last two numbers from the sequence together to get the next number in the sequence. The Fibonacci sequence has proved to be a reliable indicator when it comes to predicting levels of support and resistance in the Forex market. It is especially useful when defining entry and exit points for traders, as well as stop-loss/take-profit levels. This is one of the most popular Forex trading strategies, and can be tailored to suit individual needs.

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