Fibonacci Added To Your Binary Options Trading – Toolbox
We have all heard of the Fibonacci Sequence countless times since we started looking into the exciting world of trading. Although most traders don’t know or don’t even care how it works, its worth taking a look. Please bare with me while I quote a short explanation dating back to where and how it came about. I know just how much we all love history…. (Sigh)
The Fibonacci Series is a sequence of numbers first created by Leonardo Fibonacci (fi-bo-na-chee) in 1202. It is a deceptively simple series, but its ramifications and applications are nearly limitless. It has fascinated and perplexed mathematicians for over 700 years, and nearly everyone who has worked with it has added a new piece to the Fibonacci puzzle, a new tidbit of information about the series and how it works. Fibonacci mathematics is a constantly expanding branch of number theory, with more and more people being drawn into the complex subtleties of Fibonacci’s legacy.
Exciting stuff right…
There is probably a million ways to apply and use the Fibonacci tool. Notice I said tool and not indicator! Many people mistake it for an indicator, magic system or even a rule price has to follow. Let me set the record straight before me move on. Price; does, has to, must nothing! In simple terms I am saying the following: “Price does not and will now follow rules you try and set for it. The market sets the rules for us to follow and adapt to. Period.” How are we suppose to use the Fibonacci tool then???
Binary Options & Fibonacci Extensions
In this video I will explain how to use the 1.272 & 1.618 Fibonacci Extensions. See just how powerful it can be when you use it the right way in conjunction with manipulation at significant levels.
- No setting Stop Loss
- No setting Take Profit
- No getting Stopped Out
- No emotions after Trade Execution
I really think binary options speak for itself and is a perfect add on or alternative to those who struggle with Forex for the above mentioned reasons. You make the choice…
If you have questions about joining the Day Trading Forex Live recommended Binary Options Broker or need more information about the FREE Skype room when joining TopOption please feel free to contact Allen Henn. He is a current member and the DTFL Binary Options host. He will answer any questions and give you an idea of what the service involves and support we provide.
If you have any questions about the FREE Binary Options education when you sign up with TopOption you can contact Allen Henn at email@example.com to set up a time for a conversation over the phone if you like or call his SA phone line at 0836564432 or Skype at Allen.Henn
Like, Tweet, +1, Share & Comment