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?

Papyri PCZ I 59021, which dates back to 259/8 B.C., shows the exchange of coinage in ancient Egypt.

Word of the day
"Long Term Trader" - A forex trader who keeps positions open for extended periods of time.
Pro Tip

Do not open a real account before doing some demo-trading.

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