Learn the practical applications of mathematics and econometrics in finance. This series of blogs covers time series analysis, portfolio management, probability distribution, econometrics and many mathematical models.
This article describes the Fibonacci number (0, 1, 1, 2, 3, 5, 8, 13, 21), and ratios and how Fibonacci trading can be done using the retracement levels. It explains how the Fibonacci ratios 23.6%, 38.2%, and 61.8%, can be applied to find support level using a practical example on Exxon Mobil....
Learn what day traders can learn from gamblers and know whether the stock market is actually gambling in the true sense or not....
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