Fibonacci - Who Was He And How Could He Improve My Stock Trading Profits?Written by Chris Towland
The word Fibonacci means a lot of things to a lot of different people. For mathematicians, Fibonacci is an important number sequence. For some painters, sculptors, and other visual artists, Fibonacci is a principle theory of arts. For traders, businessmen, economists and like, Fibonacci is a system that can efficiently predict market trends. Yet, for most of us, Fibonacci sounds incredibly complex and something that we'd rather not discover. But what exactly is Fibonacci? What does it mean and for what is it used?Fibonacci, which means son of Bonacci, is actually a nickname used by famous Italian mathematician and businessman Leonardo Pisano. Bonacci, on other hand, is nickname of his father and it means 'good natured' or 'simple'. While Fibonacci was born in Italy, he spent most of his childhood years in Bugia (now Bejaia), a Mediterranean port in Algeria where his father, Guilielmo, worked as a consul for merchants of Pisa. It is in Bugia where he learned Arabic numeral system, and later as he traversed rest of Mediterranean world, he learned more of Arabic mathematical system and its practical uses. In 1200, Fibonacci ended his travels and returned to Europe. There he wrote a number of books that disclosed mathematical skills he had learned in his Mediterranean travels. Among his works that were published are Practica Geometriae, Flos, Liber quadratorum, Di minor guisa, and his commentary on Book X of Euclid's Elements; last two mentioned, unfortunately, are already lost. His Liber quadratorum, or Book of Squares, is probably his most magnificent book, but it was not his most popular work. His most popular work was rather Liber Abaci, his first book that was written in 1202 where he introduced to Europeans Arabic numerical and mathematical system. In this book, he also taught Europeans how to use such mathematical system in accounting and in trading. Most importantly, it is in Liber Abaci where he introduced Fibonacci numbers and sequence for which he is best remembered today.
| | Credit Cards - Friend or Foe?Written by Greg Smith
At one time or another most all of us apply for and get more credit cards than we need. We feel like we have to be able to purchase almost any type of item at anytime, whether we can really afford it or not. Having several credit cards allows one to buy products and services at will. Is that a good thing or bad? Learn more at http://www.apply-credit-cards.com/There are many companies offering credit cards and loans online, but all may not fit everyone's needs. A credit card is a great financial tool that needs to be used wisely and cautiously. Never allow yourself to get so far behind on your creditcard balance totals that you can only afford to pay minimum payment amount or small amounts each month towards reduction of your debt. That is interest rate trap. Once your cornered on paying minimum amounts, you will most likely be stuck there for years if not for a lifetime. However, having credit cards can be a positive, productive personal finance tool and does not have to be a negative to your credit status or your lifestyle. A couple of key points: • Convenient to use and carry • Offers valuable consumer protections • Use it with caution and good judgement • Pay off your monthly bill in full each month, • which eliminates interest charges Having credit cards is a priviledge and huge personal responsibility. You must utilize and manage your credit rating wisely and carefully at all times. The saying ' if you can't afford to pay cash, then you can't afford it ' is a true statement and we should all take heed to its warning. Using creditcards in this manner makes them your friend and not your foe. Having credit cards in your name is not bad just take care not to go into debt for more than can repay. Doing so will only serve to damage your credit rating and it can and will create larger credit problems for yourself into future that may be difficult or impossible to repair.
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