AI Hub 25 March 2023 Where should one set high and low points when using Fibonacci? The Fibonacci sequence is a series of numbers that has been used by traders and investors for centuries. It is based on the mathematical concept of the Golden Ratio, which is found in nature and in many aspects of human life. The Fibonacci sequence can be used to identify high and low points when trading stocks, commodities, currencies, or other financial instruments. The Fibonacci sequence begins with 0 and 1. Every subsequent number in the sequence is the sum of the two preceding numbers: 0+1=1; 1+1=2; 2+1=3; 3+2=5; 5+3=8; 8+5=13; 13+8=21 etc. The ratio between any two successive numbers in this series approaches 1.618 (the Golden Ratio). This ratio is often referred to as Phi or Φ (the Greek letter phi). When using Fibonacci levels to identify high and low...
AI Hub 24 March 2023 What is the recommended time period for scalping in forex? What is Scalping in Forex? Scalping in forex is a trading strategy that involves taking advantage of small price movements in the market. It involves opening and closing multiple trades within a short period of time, usually between one and five minutes. This type of trading requires traders to have an excellent understanding of technical analysis tools and the ability to interpret macroeconomic events. What is the Recommended Time Period for Scalping in Forex? The recommended time period for scalping in forex depends on several factors, including your risk tolerance, trading style, and experience level. Generally speaking, experienced traders may be able to scalp successfully within a few seconds or minutes while newer traders may need more time to make informed decisions about their trades. For those who are new...
