How to use the "Golden Ratio" relationship to your advantage
How to identify price targets and create winning trade set ups
76.57% of Retail CFD accounts lose money.
EEA Registered and authorized company
Regulated by CySEC (EU), (License number 236/14)
WATCH ON DEMAND
One tool that traders use in making their decisions is Fibonacci Retracement Indicator. From a trading perspective, there are many basic and advanced ways. Fibonacci numbers can assist the trader. 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 trading. One is to identify or confirm support or resistance levels, and the other is to help identify price targets. Frequently, a trader will look at a market and realize a significant level of support or resistance was broken. Fibonacci analysis can be beneficial in providing information to a trader's research and strategy.
Barry Norman Presents:
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 awarded 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..