Fibonacci day trading is the combination of the Fibonacci tool and the day trading method. Before you can apply this method efficiently, you must first understand how to draw Fibonacci correctly and when applied to day trading you will be able to find a discount zone on market entry with low risk and high reward.
The focus of this discussion will be on Fibonacci retracement levels above 100 and how they might be used to trade the forex market. Let’s get started! It is difficult to discuss forex trading without mentioning the usage of the Fibonacci tool, which is critical to a successful trading career, especially when combined with other
In my previous article, I discussed extensively on how to draw Fibonacci retracement correctly, today, am going to discuss Fibonacci extension levels mt4. The Fibonacci tool is a critical tool for technical analysis trading; it should not be overlooked if you want to make substantial development as a technical analysis trader. When used appropriately, the
I can guarantee you that understanding how to correctly draw a Fibonacci retracement is a necessary component of becoming a successful FX trader. I’ve cut out all the complicated Fibonacci retracement terminology in this article so that you can clearly understand only the information that is essential for drawing Fibonacci retracements. You can discover straightforward
Many traders in Nigeria wonder what time the foreign exchange market closes on Fridays. In this article, you will learn what time does forex market close on Friday in Nigeria. The forex market is open every day of the week, excluding weekends and holidays. It’s critical for traders to be aware of their respective regions’
Price action and market structure are two fantastic forex fundamental terms that every trader should be aware of. It covers the concept of the market’s dominant trend as well as other fundamental trading principles such as support and resistance, chart patterns, and more. Price action and market structure can occur at any time frame. If
The importance of order blocks in forex trading cannot be overstated, which is why every forex/synthetic trader should learn how to identify order block, as this will increase your confidence in your trade entry and provide you with better accuracy in your market analysis. Forex traders all over the world are looking for better ways