Do I need to know Mathematics for trading ?

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This topic contains 2 replies, has 2 voices, and was last updated by  Rich14304 2 weeks, 3 days ago.

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  • #542

    Garrett

    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

    Nic
    Keymaster

    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

    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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