The Fibonacci Sequence is a popular concept in technical analysis. Traders around the world use Fibonaccis in their daily trading, making it a tool based on self-fulfilling expectations, and that’s why the price will often bounce of the Fibonacci levels. Let’s start with introducing Leonardo Fibonacci, the famous Italian mathematician.
Forex futures is a derivative of the Forex market. However, the volume of Forex futures trading is about 1% of the total Forex market. This market operates in much the same way as traditional futures, such as for commodities: The futures are purchased on a contract, which specifies the currency pair(s), the amount, the date of purchase, and the price of the purchase on that date.
