Fibonacci Retracement in Forex Trading FXTM
In this article, we will explore what the Fibonacci sequence is, how it applies to forex trading, and how traders use it to make more informed trading decisions. The Fibonacci trading strategy is based on the Fibonacci sequence—yes, the same one found in nature! In trading, Fibonacci ratios (like 23.6%, 38.2%, 50%, 61.8%, and 100%)…