1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Did you know this?

Discussion in 'General Forex Talk' started by f-man, Mar 23, 2011.

  1. f-man

    f-man 4Xangels Representative

    Joined:
    Dec 5, 2010
    Messages:
    762
    Likes Received:
    14
    We deal with them all day, but don't know much about them:cute:
    Write something about the Forex World that you think is interesting and simple, but many of us wouldn't know about it.
     
  2. f-man

    f-man 4Xangels Representative

    Joined:
    Dec 5, 2010
    Messages:
    762
    Likes Received:
    14
    Candlesticks

    Japanese Candlesticks charting is an ancient Japanese method of technical analysis, used in trading rice in 1600's and rice contracts from 1710 onwards. So candlesticks are also called 'Japanese Candlesticks' or simply 'Japanese Candle'

    Steve Nison, understood the startling power of candlestick charts and popularized this method to the Western Hemisphere. He is acknowledged as the leading authority on the subject. Articles written by Steve Nison that explain Candlestick charting appeared in the December, 1989 and April, 1990 issues of Futures Magazine.

    In Japan in 1600 and in the western world in 1989. Whao!:eek:oh:
     
  3. f-man

    f-man 4Xangels Representative

    Joined:
    Dec 5, 2010
    Messages:
    762
    Likes Received:
    14
    The Analysts were hiding their charts many years ago

    Many prominent analysts of the 1920's predicted the 1929 top. Many decades passed after that, were the institutional analysts would hide their charts as top secret!
    Technical Analysis found ground for popularity after 1980
     
  4. John Bozeman

    John Bozeman Private

    Joined:
    Dec 15, 2010
    Messages:
    26
    Likes Received:
    0
    "There are ten financial institutions that account for almost 73% of the total Forex trading market volume. These top ten most active traders are the Deutsche Bank (17.0%), UBS (12.5%), Citigroup (7.5%), HSBC (6.4%), Barclays (5.9%), Merrill Lynch (5.7%), J.P. Morgan Chase (5.3%), Goldman Sachs (4.4%), ABN AMRO (4.2%), and Morgan Stanley (3.9%)."
     
  5. f-man

    f-man 4Xangels Representative

    Joined:
    Dec 5, 2010
    Messages:
    762
    Likes Received:
    14
    Who was Fibonacci?

    Leonardo Pisano Bigollo (c. 1170 – c. 1250) also known as Leonardo of Pisa, Leonardo Pisano, Leonardo Bonacci, Leonardo Fibonacci, or, most commonly, simply Fibonacci, was an Italian mathematician, considered by some "the most talented western mathematician of the Middle Ages."
    Fibonacci is best known to the modern world for the spreading of the Hindu-Arabic numeral system in Europe, primarily through the publication in the early 13th century of his Book of Calculation, the Liber Abaci; and for a number sequence named after him known as the Fibonacci numbers, which he did not discover but used as an example in the Liber Abaci
     
  6. Pharaoh

    Pharaoh Colonel

    Joined:
    Oct 3, 2007
    Messages:
    19,685
    Likes Received:
    2,231
    Few people realize that a Fibo sequence doesn't need to start with 1.

    Instead of 1, 1, 2, 3, 5, 8, 13... you could have 2, 2, 4, 6, 10, 16, 26, 42...

    42 - The answer to the ultimate question of life, the universe, and everything - and it's predicted by a Fibonacci sequence.
    :D
     

Share This Page