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The Fibonacci numbers are also used in charting retraces and rises of stocks and commodities. If you can predict these correctly, you will be wealthy.
Can you do it? I mean you know Fibonacci chart?
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Yes, but not as accurately as would make me wealthy. I can see the charts, but making the proper entry and exit is a much more difficult task. Also, you have to deal with the market makers who are frontrunning your orders. The way I lost a lot of money was when COMEX decided to raise margin rates on the contracts I was holding, forcing me to liquidate at a huge loss. So, when you are in the organized markets, you are at the mercy of too many people and organizations whose only job is to take your money.
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