The primary purpose of the foreign exchange is to assist international trade and investment, by allowing businesses to convert one currency to another currency. For example, it permits a US business to import British goods and pay Pound Sterling, even though the business’s income is in US Dollars. In a typical foreign exchange transaction, a party purchases a quantity of one currency by paying a quantity of another currency. The modern foreign exchange market began forming during the 1970s when countries gradually switched to Floating Exchange Rate from the previous Exchanger rate regime, which remained Fixed as per the Bretton Words Sistem. Apakah ratios dan bagaimana mereka digunakan? Are ratios and how they are used? Fibonacci ratios to come, and how it arises in the natural world.
If you are interested, here is an article to learn more. In the forex course this time, we introduce the Fibonacci retracements and Fibonacci number series. From the serial number we get the Fibonacci ratios, which are applied to price charts. Although there are many Fibonacci ratios, in our experience, that’s enough to stick with the standard rate of 23. Fundamental analysis and technical analysis are both highly subjective, which means that they are allowing many interpretations and individual preferences. However, with Fibonacci analysis of subjectivity that is easy to handle and I have some good examples to show you why. In the chart below you can see the Fibonacci retracement is taken from “above” on the market in June to “bottom” that tendency in August in which prices begin to move back up.