Do I need to know Mathematics for trading ?

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

Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • Sep 1, 2017 at 12:50 pm #542
    Garrett
    Guest
    • 552

    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

    0
    0
    Sep 1, 2017 at 12:50 pm #543
    Nik
    Keymaster
    • 19

    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.

    0
    0
    Sep 1, 2017 at 12:50 pm #544
    Rich14304
    Guest
    • 552

    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

    0
    0
    Dec 17, 2017 at 3:34 am #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.

    0
    0
    Dec 22, 2017 at 6:50 pm #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.

    0
    0
    May 27, 2019 at 12:53 am #2159
    FXGuru
    Participant
    • 443

    Frankly 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 euro-rates.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.

    0
    0
  • Author
    Posts
Viewing 6 posts - 1 through 6 (of 6 total)
  • You must be logged in to reply to this topic.