Indicators have long been introduced to the trading systems of many traders. As a minimum, they are of good help in chart analysis, as a maximum, they are the base of the whole trading system. Algorithmic trading, which means automatizing the work and creating trading robots, is also mostly based on the signals of various indicators.
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One of the most known and popular trading instruments on Forex are the Fibonacci levels (or lines). They appeared thanks to a famous Italian mathematician Leonardo from Pisa, better known by his nickname Fibonacci (son of Bonacci)