Fibonacci Retracement Forex Indicator

Fibonacci Retracement – Utilizing Fibonacci Ratios To Your Advantage

Fibonacci retracement ratios are used by forex traders that use technical analysis to identify support and resistance areas in a array of financial markets. The vast majority of traders use them with their forex trading strategy.

Leonardo Fibonacci was the inventor of a sequence of numbers that are used in the Fibonacci retracement tool. Retracements are created when the trader picks a high and low price point on the charts that are divided by a few ratios. These ratios are 23.6%, 38.2%, 50%, 61.8% and 100%..

This is a preview of Fibonacci Retracement – Utilizing Fibonacci Ratios To Your Advantage. Read the full post (286 words, estimated 1:09 mins reading time)

Tags: currency trading, fibonacci retracement, fibonacci retracement forex indicator, fibonacci retracement guide, fibonacci retracement indicator, forex indicators

Tuesday, June 15th, 2010 currency trading 1 Comment

Forex Links

Popular Posts

eToro Forex Trading

DISCLAIMER - Trading FOREX (FOReign EXchange) carries a high level of risk and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Opinions expressed at ForexCurrencyDayTrader.com are those of the individual authors and do not necessarily represent the opinion of ForexCurrencyDayTrader.com. ForexCurrencyDayTrader.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur. Any opinions, news, research, analyses, prices or other information contained on this website, by ForexCurrencyDayTrader.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. ForexCurrencyDayTrader.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.