A series of whole numbers in which each number is the sum of the two preceding ones: 1, 1, 2, 3, 5, 8, 13, etc. Fibonacci numbers are used in a variety of algorithms, including stock market analysis.
Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...
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