DOWNLOAD THE ADVANCED GUIDE TO FIBONACCI TRADING
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Today we are going to talk about Fibonacci Trading. If you have been in the trading sector for sometime you have heard about the Fibonacci tool and how everyone trades it, but you haven't learnt about it yourself, well today is your lucky day because we got the PDF right here to teach you all you need to know about Fibonacci Trading.
There are numbers that are considered Fibonacci numbers which denotes the fib levels and these numbers are 0,1,2,3,5,8,13,21,34,55,89 etc and going and going because it goes on and on the most amazing thing is that these numbers have approximately 1.618 difference between them and from the number was drawn the Fibonacci retracement tool.
One of the most used and well known Fib level is 61.8% which is calculated by a certain formulae.
The uses of the Fibonacci depends on the type and knowledge of trading you have in some trading it is used as Support and Resistance, can be used to see retracement and also taking of profit. the retracement levels are percentages calculated using the previously mentioned numbers
For more information on How to use it in your trading Click on the link below to download a PDF that teaches more about Fibonacci.
CLICK HERE TO DOWNLOADDisclaimer:
THIS Post AND OTHER MATERIALS FROM THIS/IN THE NAME OF THIS SITE(fxstrategylife.blogspot.com) IS FOR EDUCATIONAL PURPOSE ONLY. FOREX TRADING CARRIES A HIGH LEVEL OF RISK, AND MAY NOT BE SUITABLE FOR ALL INVESTORS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THE HIGH DEGREE OF LEVERAGE CAN WORK AGAINST YOU AS WELL AS FOR YOU. BEFORE DECIDING TO INVEST IN FOREIGN EXCHANGE YOU SHOULD CAREFULLY CONSIDER YOUR INVESTMENTS ,OBJECTIVES LEVEL OF EXPERIENCE AND RISK APPETITE. THE POSSIBILITY EXISTS THAT YOU COULD SUSTAIN A LOSS OF SOME OR ALL OF YOUR MONEY AND THEREFORE YOU SHOULD NOT INVEST MONEY THAT YOU CANNOT AFFORD TO LOOSE.
