We’ll be employing Fibonacci ratios a lot in our trading, so master them and fall in love with them like […]
Let me now discuss Fibonacci retracement levels. Fibonacci retracement levels are horizontal lines that represent potential support and resistance levels […]
Let’s look at a case when the Fibonacci retracement tool fails. The GBP/USD 4-hour chart is shown below. You notice […]
Using Fibonacci levels, as we discussed in the previous session, can be quite subjective. However, there are several things you […]
Trend line analysis is another useful technique to use in conjunction with the Fibonacci retracement tool. After all, Fibonacci retracement […]
We are seeking for exhaustive candlesticks when we combine the Fibonacci retracement tool with candlestick patterns. When buying or selling […]
The next application of Fibonacci will be to determine “take profit” targets. Let us begin with an example of an […]
Knowing where to enter or exit profits is probably just as critical as knowing where to position your stop loss. You […]
Beware of forex broker frauds! Some brokers, believe it or not, “cheat” their clients. One method is to manipulate bid/ask […]
Despite being the world’s largest financial market, the forex industry is mostly uncontrolled. There is no international institution or global […]
UK : The FCA and PRA If you live in the United Kingdom, you should know about the Financial Conduct […]
Many rookie traders make the mistake of believing they can make money quickly. While it is true that you can […]