Previously we have discussed a lot about Fibonacci, this page is just a summary of what was learned in the previous chapter.
The Fibonacci level is a price area that is believed to be support and resistance, how to place a stop loss with Fibonacci using Fib levels and also swing high and swing low.
Which is better?
Fibonacci extension, then also called Fibonacci expansion, this tool you can find in MetaTrader 4 platform and MetaTrader 5, this tool helps to determine target profit in your trades, how to take profit with Fibonacci Extensions?
Japanese candlestick pattern is basic technical analysis, almost trader choose candlestick graph because it`s simple and easy to use, then Fibonacci retracement is one great tool as the trigger of a signal entry point, how to combine Fibonacci retracement with Japanese candlestick?
A Fibonacci retracement is a good tool, but it can’t work alone to get more profit, with support and resistance the weaknesses of Fibonacci retracement will be more minimal.
How do you use to support and resistance and a combination with Fibonacci?
Fibonacci retracements, like other tools, have weaknesses, sometimes failing as an entry signal, even though there is already a sign at the retracement level.
Learn how to deal with trading conditions with failed Fibonacci.
Fibonacci retracement levels are temporary support and resistance levels, how to use the Fibonacci retracement by finding swing highs and swing lows in a timeframe.
What are the steps, get a guide for bullish and bearish to identify trends and how to determine to buy or sell according to the trend.
Fibonacci is a tool that is in the forex trading platform, the first time from Leonardo Da Pisa, a mathematician from Italy.
Fibonacci series is the most popular with the discovery of golden ratios that match natural conditions
Forex market is the biggest market in the world, with high liquidity make all traders having the opportunity to buy and sell currency to make money.
Market forex simultaneously opens 24 hours 5 days a week, this is different with stocks market which limited time with working hours, forex is most liquid, it:s mean the price change in a given time, this is a great opportunity for many speculators which having most higher volume trading in the market.
Before you start trading, whether on a demo account or a real account, getting to know how many order types in forex also need to be part of learning about the forex business.
Broadly speaking, orders are divided into market orders and pending orders, but there are rarely used terms that sound strange but are real, learn more here.
Improving your experience using a demo account will provide many valuable lessons before you start with a real account.
Learn more about how to trade a demo account to achieve your success, apply your strategy with a risk-free, learn to manage your capital to increase your portfolio.