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Expert:
DANIEL REGGIO
Hosted by:
InvestMarkets
Registered Users: 62
One tool that many traders include in their investment or trading decisions is Fibonacci analysis.
There are many basic and advanced ways that Fibonacci numbers can benefit the trader from a
trading perspective. The most significant relationship can be found by dividing one Fibonacci
number by the next one in the series, which will give you the "Golden Ratio" of 0.618. There are two primary ways to use Fibonacci analysis in CFD trading. One is to identify or
confirm support or resistance levels, and the other is to help identify price targets. Often, a
trader will look at a market and realize that significant support or resistance level was broken
when they were not paying attention. The market has already moved significantly. Fibonacci
analysis can be constructive in this situation.
Daniel Reggio Daniel graduated with a degree in finance from the University of Miami and often lectures on
cryptocurrency and digital assets and trading strategies and finance. He can be frequently
found conducting webinars worldwide while advising government agencies and top banks
regarding the regulation of digital coins. He enjoys working closely with crypto traders who are
working hard to understand the ins and outs of the financial markets. With professional traders,
he’s able to shed light on their strategy in a way that maximizes profits.
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