Forex Fibonacci Levels

Forex Fibonacci Levels is a software which provides offline calculations of Fibonacci levels. The app is a freeware that helps traders predict entry and exit points in the Forex market. This software is based on the teachings of Leonardo Fibonacci, a Middle Ages mathematician known for the Fibonacci numbers sequence. The numbers 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89 and 144 come from this sequence. Fibonacci ratios such as 0.382, 0.50, 0.618, and 1.27 derived from this sequence can help traders understand support and resistance levels, longevity of trends, trend reversals, and creating stop-loss orders.

The prevalence of these ratios in nature and man-made structures like leaves and bushes also makes it interesting to apply them to trading. Fibonacci ratios are commonly used for multiple purposes in Forex trading systems. Four of the most popular Fibonacci trading applications are Fibonacci Arcs, Fibonacci Fans, Fibonacci retracements, and Fibonacci time zones. The software allows calculating Fibonacci price points or levels for any Forex currency pair in advance. This helps traders know exactly when to enter or exit the market.

To figure out previous trend extreme points, traders can use the "Forex Fibonacci Levels" calculator. This helps them easily find support and resistance levels for any currency pair. Fibonacci patterns have their presence in genes, enzymes and other natural areas, providing a fascinating link between the world of trading and nature. The software serves its purpose best in people who believe in allowing nature to govern human trading decisions.