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How Experts Use Fibonacci Retracements
Tuesday, June 5, 2018
Expert: Barry Norman Hosted by: Alvexo- Forex
- Cryptocurrency
- CFD
- Technical Analysis
- Intermediate
- Advanced
Fibonacci retracement is a popular tool among online traders, so you may think that you know everything about it.
Are you sure that you draw the Fib levels correctly?
Do you know that there are several other Fibonacci tools that may be of help in trading?
The first thing you should know about the Fibonacci tool is that it works best when the market is trending. The idea is to go long (or buy) on a retracement at a Fibonacci support level when the market is trending up, and to go short (or sell) on a retracement at a Fibonacci resistance level when the market is trending down.
Barry Norman
The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was award the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.
Are you sure that you draw the Fib levels correctly?
Do you know that there are several other Fibonacci tools that may be of help in trading?
The first thing you should know about the Fibonacci tool is that it works best when the market is trending. The idea is to go long (or buy) on a retracement at a Fibonacci support level when the market is trending up, and to go short (or sell) on a retracement at a Fibonacci resistance level when the market is trending down.
Barry Norman
The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was award the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.