Make money trading forex using fibinaci ratios
There are two types of fibinacci trading types
- Retracements show you low risk places to buy
in the direction of the up trend.
- Fibinacci profit targets, where the market will usually move to as the trend continues and then stall or reverse.
So the fibs give you a low risk place to buy in the direction of an up trend using advance mathmaktical formulas.
If you are a counter trend trader, using fibonacci trading systems can significantly reduce your trading risk.
It lets you get into the trend on a pull back, the market goes up and you exit your longs then you consider going short if you are a counter trend trader.
httpv://www.youtube.com/watch?v=R6ft90FLI-I