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?
The average daily trading volume in the foreign exchange market exceeds $5 trillion.
Word of the day
"No Dealing Desk (NDD)" - A No-Dealing-Desk broker passes its clients’ trades straight through to liquidity providers without intervening between the two parties.
Do not open a real account before doing some demo-trading.