Do I need to know Mathematics for trading ?
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Sep 1, 2017 at 12:50 pm #542
GarrettHi,
Do I need to know Mathematics for trading ?
The sum of first two numbers is the next number in Fibinacci series…like
1, 1, 2, 3, 5, 8, 13, 21, 34, 55….etc.,
How this fibnocci series helps in Trading….curious to know.
Thanks
00Sep 1, 2017 at 12:50 pm #543No, it is not necessary to have deep knowledge of mathematics in trading. There are online tools available(free) to do all those calculations.
Most of the traders follow Fibonacci levels. So its support and resistance levels play an important role in trading.
00Sep 1, 2017 at 12:50 pm #544
Rich14304re:math
If one is attempting to make sense of the senseless; meaning; if one were to investigate how an indicator is derive; it may be in ones best interest to have SOME understanding of math and its operators.
As Nick mentioned; it is not imperitive; but how would one count their profits and losses without SOME math?
As for the fibs; there are many resources for gaining background of basics and application; it may be of SOME benefit to try the TAB located at the top of the page TITLED Media and select VIDEO; ENTER into the search: FIB the selection offered may indeed provide the sequencials you seek.
Hope this helps
~Rich00 
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