The Fibonacci Principle: Creating a Navigator of the Forex Market

What is the Fibonacci Principle

The Fibonacci Principle was introduced to Western mathematics by an Italian mathematician over 800 years ago. It essentially shows a pattern in the progression of numbers. The pattern starts with 0 and 1 then starts by adding the previous two numbers together to get the next number (i.e. 0,1,1,2,3,5,8,13,21,34,...). After Fibonacci introduced this theory, it was seen to appear throughout the natural world from the branching in trees to the fruitlets of a pineapple to the uncurling fern.

How is Fibonacci Used in the Market?

What seems to be true in the natural world, also seems to be true with human emotions and patterns of behaviors. The Fibonacci Principle has been successfully used to predict the patterns in the forex market due to changes in the emotions in the market from fundamental events. Fibonacci shows the destination points in the market so the trader can get a more reliable view of what will happen because of certain events.

This ability to predict trends and patterns, and then show where the most likely end points for the market, makes the Fibonacci Principle essential for a good trader. Just as the Elliott Wave is essential for an understanding of the patterns in the movements of the market, Fibonacci tells you where to stop in those patterns. It is the "Navigator" of the market because it tells you where you should go based on what has happened.

This relationship between the Elliott Wave and the Fibonacci Priciple (this relationship was discovered after the Elliott Wave had existed for several years) makes it essential that if you know one you have to understand the other. This is the benefit of the unique forex strategy that Stephen Story uses. His strategy helps each trader to become a Elloittian which puts each trader in the driver's seat, and then the strategy gives them Fibonacci as a Navigator.

How Can I Learn More About the Fibonacci Technique?

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Who is Stephen Story?

Stephen Thomas Story has been a business entrepreneur since 1971. He has taught personal relationship and business development seminars/forums since 1998. He is a brilliant problem-solving life coach/instructor/facilitator, and a masterful forex trading strategist. He is the President/Founder of www.BusinessCoachPros.com and www.HealthWealthPeaceMoney.com and founded World Family Organization of Good Neighbors. His Mission: help people improve their lives and the world around them.

Learn more about Stephen