We had some great questions last week on our Facebook Fan Page around Fibonacci retracements. In the video below, Shaun Downey goes into great detail the concept behind trading forex using Fibonacci retracements. Shaun explains common fibonacci ratios used as well as methodology and strategy. At the end of the video, Shaun analyzes and applies Fibonacci retracements to a EUR/USD chart.
If you are new to forex trading or would like a good overview of how traders are using Fibonacci retracements, take a few minutes and watch Shaun's video. If you prefer Elliott Wave analysis, we have that covered too. Join us for our Elliott Wave Webinar on Thursday, March 18th at 3 PM EDT. Enjoy!
For better quality, Watch on Facebook.
Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results.