Trader's Glossary

Fibonacci Retracements

Support and resistance lines drawn on an asset’s price chart to determine any Fibonacci relationships in the price fluctuations. They are named after Leonardo Fibonacci, the 13th century mathematician, who introduced the Fibonacci numbers as an integer sequence in which each number is the sum of the previous two.
Did you know?

Between the years 1860 and 1913, the number of foreign banks operating in London increased from 3 to 71.

Word of the day
"Industrial Production" - An economic indicator that considers manufacturing, mining and utilities in a country or economic region and reports on the total value of the region’s industrial output.
Pro Tip

Never open a trading account with a non-regulated broker.

UP