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C: \ Business \ Investment Tools \ Forex Fibonacci Levels 1.0
Forex Fibonacci Levels 1.0 - Detailed Description Page
Screenshot not available Program ID: 25942
Author: Forex Software     All programs by this author
Downloads: 117
License: Freeware [?]
Cost (USD): -
Operating Systems: win9xme winnt4 winxp
Size: 143K
Release Status: new
Last Updated: 2008-08-20
Our Rating: Not rated yet...
Users Rating: not rated yet     (total votes: 0)
Feedback: Report broken download     Report spyware [?]
Download Forex Fibonacci Levels 1.0

Forex Fibonacci Levels iconForex Fibonacci Levels is a Freeware offline Fibonacci levels calculator.
Leonardo Fibonacci (1170 - 1250) was a Middle Ages mathematician born in the Italian city of Pisa. He is most known with his "Book of Calculation" and the number sequence named Fibonacci Numbers.
In the Fibonacci sequence of numbers, each number after the first two is the sum of the previous two numbers. Thus the sequence is 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, etc. Fibonacci ratios derived from this sequence of numbers are 0.382, 0.50, 0.618, 1.27 etc.
It is amazing how prevalent these numbers and proportions are in nature and man made structures. They have been found in the patterns of leaves, grass and flowers, and branching in bushes and trees. Fibonacci numbers can also be found in the arrangement of tines on a pine cone, in raspberry seeds and other natural areas. Genes too and enzymes often show Fibonacci patterns. These and so many other examples may have something to do with why it is felt that Fibonacci has a part to play in helping us to trade on the Forex market.
Fibonacci ratios are also widely applied in trading of the Forex market for various purposes. Usually they are applied to Forex charts to find out support and resistance levels, to predict entry and exit points, longevity of trends, trend reversals, creating stop-loss orders, profitable positions, etc. There are also many Forex trading systems built around these ratios. The four most popular Fibonacci trading applications are Fibonacci Arcs, Fibonacci Fans, Fibonacci retracements and Fibonacci time zones.
The best is that the Fibonacci price points, or levels, for any Forex currency pair can be calculated in advance so that the trader will know when to enter or exit the market. It is enough to figure out the previous trend extreme points and by the help of the "Forex Fibonacci Levels" calculator you will easily find the Support / Resistance levels.


Keywords: forex, fibonacci numbers,

Recent Changes: Not Established

Install Support: No Install Support

Supported Languages: English

Additional Requirements: Microsoft .NET Framework v2.0 or newer

PAD file URL: http://freeware.forexsb.com/ffl.xml



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