Do I need to know Mathematics for trading ?
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Sep 1, 2017 at 12:50 pm #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
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
Rich14304 0
re: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
~Rich00Dec 17, 2017 at 3:34 am #1727A 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.
00Dec 22, 2017 at 6:50 pm #1789You 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.
00May 27, 2019 at 12:53 am #2159Frankly speaking, I am no expert when it comes to mathematics, but I do know the importance of it. And this is where I feel comfortable due to eurorates.eu, a truly classic site via which not only I keep up with my mathematics but also able to work with greater level of comfort and easy.
With getting Euro currency move almost instantly, it also is possible to get the converting rates equally quickly. So all this is such a major gain for any finance lover for obvious reasons.
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