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f-man

4Xangels Representative
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744
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.
 
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:
 
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
 
"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%)."
 
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
 
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
 
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