In the Italy of the 13th century Leonardo Pisano known as Fibonacci introduced for the first time the problem of the prices of the goods, how to calculate the earnings or losses in the commercial transactions and the problem of the conversion of currencies of habitual use in the zone of the Mar. This was the beginning of what years d later was called a type of change. Fibonacci’s theories have been updated across the time and today are one of the props of the financial speculators who play their cards on the foreign exchange market across a mechanism called Fibonacci forex.
The fibonacci´s numbers have turned into a tool for the operators, because according to his theory, this sequences in which every number is the sum of both previous numbers, it was extremely spread in the whole world, and is used nowadays by the mathematicians and the scientists. Fibonacci forex is used in the context of the foreign exchange market and is applied to different levels of analysis, as for example:
• Discover earlier the possible bosses of alteration of the directional movements of prices.
• To restrain the intensity of the above mentioned alterations.
• To find zones of operations.
• Returning points of the market.
• Dynamic supports and resistances.
• Helps to place correctly a stop loss.