Released on = March 25, 2006, 11:04 pm

Press Release Author = Metatrader-Tools.Com

Industry = Financial

Press Release Summary = The second Release of the Fibonacci trading series at
www.metatradertools byNeal Hughes is outlined. The principles of the dead Italian
Mathmatician Fibonacci are explained in modern context for financial traders

Press Release Body =
Increasing The probability of Trading Profits Using Ancient Math\'s formula.

The forex (foreign exchange) market is the largest trading market in the
world,estimated at 1.8 Trillion dollars daily; it dwarfs the next competitor,The New
York Stock Exchange (NYSE) by 2 to 1 in the dollar per day turnover stakes. It is
the modern day warrior battlefield and from lone day traders to the largest
investment institutions and probably your local main street bank, all are playing
this 24 hour, 5 day a week market and many are using the mathematical formula's of a
long dead Italian mathematician called Leonardo Pisano, (c. 1170 - Pisa, 1250),
nicknamed Fibonacci to improve their profits.

Leonardo Fibonacci became a world renowned mathematician at the age of 32 publishing
a book called Liber Abaci, or Book of Calculation. Amongst other things this book
outlined the Fibonacci number sequence, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144.
etc, which was originally introduced to solve a problem in relation to the growth of
a population of rabbits.

Of major importance to this sequence of numbers where every next number is the sum
of the proceeding two, 0, 1 (0+1), 2 (1+1), 3 (2+1), 5 (3+2), 8 (5+3), 13 (8+5), etc
is the \"Fibonacci ratios\", derived from comparing the relationship between each
number and each alternate number, and even each number to the one four places to the
right. By doing this we arrive at some fairly consistent ratios. The important ones
are .236, 50, .382, .618, .764, 1.382, 1.618, 2.618, and 4.236

It turns out that the ratios are mathematical principles prevalent in nature around
us, and is also in man-made objects. Fibonacci numbers appear in ancient buildings,
in plants, planets, molecules, the dimensions of human bodies, and of course foreign
exchange price charts.

Serious Foreign exchange traders use these ratios daily in there trading to gauge
price support levels and plot profit target objectives. Trading millions of dollars
a day with the aid of this ancient mathematical formula

Metatradertools.com (www.metatradertools.com) presents the second of a series of
articles from world respected Fibonacci Trader Neal Hughes - The Fib Master, is an
expert Fibonacci Trader and has spent many years applying the principles of
Fibonacci ratios to the financial markets to gauge safe entry and profitable exit
positions.

Along with other Technical Analysis indicators, Mr. Hughes outlines in this second
article trading methods using the Fibonacci formula how to increase the probability
of successful trades.
A full copy of the article is at http://www.metatradertools.com/forex-traders-blog/?p

Web Site = http://www.metatradertools.com

Contact Details = Chris Morgan
PO Box 676
Sunshine Coast , 4575
$$country

0061754782630
chris@Metatradertools.com
http://www.metatradertools.com