July 25, 2014
Free Video - How To Trade Fibonacci Levels
If you really want to take your forex trading to the next level, one of the best things you can do is to learn all about the main fibonacci levels because these will really help you time your entries and exits a lot better, and help you maximise your profits.
The reason why they are so important is because they are used by many of the top traders and financial institutions from all over the world.
Subsequently the price action around these key levels of support and resistance is a lot more predictable, and therefore the probability of success is a lot higher, particularly on the longer time frames such as the 1 hour, 4 hour, daily, weekly and monthly charts.
If you would like to learn more about fibonacci trading, I have just discovered a really good 1-hour training video on YouTube that tells you everything you need to know.
For example, it tells you what fibonacci levels are and what they actually represent. It will also tell you which levels are the most important, and lists the pros and cons of each one.
It will also explain where you should be looking to enter and exit a position when using fibonacci levels, and tells you where you should be placing your stop losses, which is also very important.
Here's the video if you would like to check it out for yourself: