18. Learn Fibonacci Retracement Indicator

What you will learn

IIn this class, you will be learning Fibonacci retracement in detail.  

• What are Fibonacci retracement levels? 
• How does Fibonacci work in Forex trading? 
• How to use the Fibonacci retracement tool in MT4? 
• What is the best way to use Fibonacci retracement? 

Description

This class will teach you how to trade Fibonacci retracements using strategies that will help you make informed financial decisions and gain a competitive edge. 

A Fibonacci retracement is a tool used by forex traders to determine where to place entry, profit target, stop-loss orders, and also act as potential price reversal areas. Fibonacci retracements indicate the points at which the price could change direction depending on resistance and support.   

The Fibonacci sequence is a popular technical analysis tool among forex traders worldwide. In fact, Fibonacci retracements can become crucial price levels if many traders use the same numbers.