The Most Important Forex Expert You Will Never Meet: Who is He?
ByStaff Writer
Who Is The Most Important Forex Expert?
He has been dead for many years – centuries, in fact – but we feel his influence as mightily today as ever. Born in 1170 in the Italian town that is today famous for its leaning tower, he was the son of a customs officer from the Northern African town of Bugia. He was educated by the Moors, and traveled extensively around the Mediterranean coast.
He was the first to introduce the Hindu-Arabic number system into Europe. He literally wrote the book on adding, subtracting, multiplying, and dividing numbers, introducing the same system taught in today’s elementary schools. Before he influenced Europe to adopt this change, people were still using the Roman number system, which was awkward and cumbersome for arithmetic.
Settling from his travels in the year 1200, this man took up residence in a town in Italy most commonly associated with his name. There he re-introduced the “modern” world to the ancient mathematical skills. He also made other significant contributions, writing several books. Since he pre-dated the printing press, all of his books were hand-written. The only way to get a copy of one of them was to handwrite a copy.
His Impact on Today's Traders
His work became especially important to merchants. He wrote about the price of goods, how to calculate profit on transactions, and – most important to today’s traders on the foreign exchange (Forex) Market – how to convert between currencies.
The following sequence of numbers is named for him.
1, 1, 2, 3, 5, 8, 13, 21, 34, 55…
This sequence, in which each number is the sum of the two preceding numbers appears in many areas of mathematics and science to this very day.
Entry and Exit Trade Strategies
Perhaps his influence is most felt today on the Foreign Exchange Market, where many traders use a methodology based on his ratios to determine when to enter and exit a trade.
Do you know this man? Can you name him? Has he influenced the way you trade on the forex?
Related Articles on Investing
- Investors win the race
by Saqib Ansari
You've heard the fable about the hare and the tortoise. The hare makes a snide remark to the tortois... - International Bond Market, Eurobonds, and Eurocurrencies
by Saqib Ansari
The growing internationalization of financial markets has become an important trend. Before the 1980... - Depository Institutions
by James
Depository institutions (for simplicity, we refer to these as banks throughout this text) are financ... - Contractual Savings Institutions
by James
Contractual savings institutions, such as insurance companies and pension funds, are financial inter... - Investment Intermediaries
by James
This category of financial intermediaries includes finance companies, mutual funds, and money market... - Ensuring the Soundness of Financial Intermediaries
by James
Asymmetric information can also lead to widespread collapse of financial intermediaries, referred to... - Investment Tip
by James
For most people, investing in a stock is little more than watching the trail left by the stock symbo... - Investment Tip
by James
Only a handful of outsiders have been permitted to enter the inner sanctum of the Berkshire Hathaway... - The Hedger and Speculator
by James
A hedger buys or sells a futures contract in order to reduce the risk of loss through price variatio... - Planning Investment Strategy
by arsal
Everyone today appreciates the need to save whether for a house, for children’s education, a wedding... - Forms of Investment
by arsal
An average investor is faced with a completely new situation with regard to investment options. The ... - Financial Investments
by arsal
As opposed to physical assets, financial investments are generally a right or an entitlement to rece... - Avoid Putting all Eggs in one Basket
by arsal
The best way to minimize risk is to diversify your investments across various investment products. I... - Keeping an Eye on Stocks’ Performance
by arsal
In general terms, when you witness if the stock price and volume of a stock suddenly jumps, there ma... - How to Select a Broker
by arsal
• Before selecting a broker, visit the offices of a few to observe their business practices. Try to ... - Difference between online and offline stock trading?
by William King
This article tells us the prime differences between online and offline financial trading and discuss... - Tips on starting a new trading business
by William King
This article suggests guidelines to follow when starting a new trading business.... - The Most Important Lesson You Will Ever Learn about Forex Trading
by Staff Writer
Many people have faired poorly trading in the Foreign Exchange Market. Some of them, however, have m... - FOREX Fallacies: The Top Ten List
by Staff Writer
The Internet is replete with so-called "expert" advice on just about everything...and the Foreign Ex... - No Fib! This Leonardo is Great for the Forex Market
by Staff Writer
When you think of great Italians named Leonardo, the first name that comes to mind has to be Da Vinc... - Forex Market: News Trading, Part One
by Staff Writer
The methodology for predicting and trading these trends is simple and straightforward: monitor the e... - Take Two: Second Day in the Bank Flow Trading Room Provides Plenty of Fireworks
by Staff Writer
Imagine the vibe in the Bank Flow Trading virtual trading room as Day Two unfolded…and provided the ... - Testify! Instant Feedback from Bank Flow Traders
by Staff Writer
We thought you might like to take a peek of some of the instant messages and emails we received from... - Free Forex Trading Resources
by Staff Writer
Trading on the Foreign Exchange Market is a rewarding, yet challenging endeavor. A trader can never ... - Control Your Emotions to Achieve Success in the Foreign Exchange Market
by Staff Writer
Forex trading is not for the faint of heart, nor is it for those who are controlled by emotion. Cert... - Forex 101: Managing Risk
by Staff Writer
A trader with a mediocre system and great money management skills will fare better than a trader who... - Seizing Trading Opportunities
by Leroy Rushing
It can be difficult to hold onto a winning trade and very easy to dump a loser – this is why so many... - Trading With a Global Perspective
by Leroy Rushing
The three Cs – currencies, commodities, and corporations – are bought and sold every second by milli... - What to Look for When the Market Hits a Bottom
by Leroy Rushing
Bargain hunting when the market hits bottom can be a very lucrative thing to do, but only if you kno...
