Do I need to know Mathematics for trading ?

MoneyTec Forums Beginners Forum Do I need to know Mathematics for trading ?

This topic contains 4 replies, has 4 voices, and was last updated by  OctaFX_Farid 2 months ago.

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  • #542

    Garrett
    • 0

    Hi,

    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

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    #543

    Nik
    Keymaster
    • 12

    No, 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.

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    #544

    Rich14304
    • 0

    re:math

    If one is attempting to make sense of the sense-less; 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
    ~Rich

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    #1727

    viceboy
    Participant
    • 9

    A person who truly wants to be an expert must have an idea about this. But, I don’t think anyone at this age will ever waste time on it. There are way too many tools for these, so why not use that? I will certainly use that, as it’s the way we get correct calculation, and obviously to be able to do it all very easy in every way.

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    #1789

    OctaFX_Farid
    Participant
    • 28

    You don’t need to learn that, as no human can calculate that in the required time. That’s why there is an automatic system in shape of indicators for it; I believe we should not shy away from using it.

    But I personally don’t get too much into this. I like more fundamental news following thing, as I feel it is far more beneficial and is much more dependable as well.

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