Forex Trading Strategies – Fibonacci

[asiaforexmentor]

Forex Trading Strategies – Fibonacci

 

Alot of guys out there have enquires on how to draw a proper fibonacci in forex trading.

Whether they are drawing in the right direction?

And how do they know that the fibonacci is drawn correctly?

This video will show you how to go about it.

(I apologise for the poor resolution quality which i had set wrongly, the next video will be better!)

 

http://www.youtube.com/watch?v=bF6XYAeNYM0&feature=player_embedded

 

If you like this post, don’t forget to comment on it.

 

Ezekiel Chew

Asia's #1 Forex Mentor

[standart]

I wonder why the price always react on fibonacci level and then I found the fact that actually many traders use fibonacci indicator as their support and resistance level. its why the price always react on those fibo level before decide to retrace or make continuation.

[Superforex]

If you're interested in Fibonacci levels, you can learn more about this & the related elements of technical analysis here (and it's free).

[Vaabum]

In my opinion, the most important thing in choosing a strategy is profitability. I would pay attention to this.

[boltushkin]

Anybody tried VWAP indicator for FX? Wanna try it with Hotforex but still haven't figured out how to use it.