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I'm sure you have heard of the great mathematician Leonardo of Pisa, also known as Leonardo Fibonacci. He was a highly influential Italian who lived almost 800 years ago, so you're probably wondering what Fibonacci has to do with forex trading, I'll get to that shortly...
In forex trading the most simple methods of analysis are known as fundamental and technical analysis. Fundamental analysis is simply the big picture, the examination of a country or nations overall economic state.
Most forex brokers that you will use online have developed their trading platforms so that they calculate your profits/losses for you. So why am I writing this article?