Forex Fibonacci Tutorial: Trading the Fibonacci Sequence Profitably in Forex!

///Forex Fibonacci Tutorial: Trading the Fibonacci Sequence Profitably in Forex!

Forex Fibonacci Tutorial: Trading the Fibonacci Sequence Profitably in Forex!

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Forex Fibonacci Tutorial: Trading the Fibonacci Sequence in Forex!

Born in Pisa, Italy in 1175 AD and son of Guglielmo Bonaccio Leonardo of Pisa (aka Leonardo Fibonacci) is considered the “greatest European mathematician of the middle ages”.

For us forex traders, the discovery of the fibonacci sequence of numbers 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377 and the golden ratio of 1.618 has proven to be very useful in determining high-probability turning points in the market.

In this forex fibonacci tutorial you’ll learn how you can incorporate both the Fibonacci retracement strategy and Fibonacci profit targets (based on the golden ratio) into your trading strategy.

As powerful as Fibonacci levels are in identifying high probability turning points or at least consolidation points in the market, it is always wise to seek additional confirmation by using additional indicators, such as RSI, MACD, and specific price points such as Pivots and well established Support and Resistance levels.

As always, the greater amount of evidence we can gather (i.e. weight of evidence) in identifying potentially profitable trades, the higher the probability that the trade will move in our desired direction.

Hope you find this forex fibonacci strategy video helpful with your currency trading. Enjoy!

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19 Comments

  1. Mahmoud Al kadi April 27, 2017 at 8:20 pm - Reply

    Definitely i will watch all your videos

  2. Frank Hernandez April 27, 2017 at 8:28 pm - Reply

    The eye will see what ever u want to see not what’s actually there that’s why people get in a trade thinking it’s a good trade only to loose.

  3. Mahmoud Al kadi April 27, 2017 at 8:30 pm - Reply

    i wish i can put 100 likes because now i understand the Fibonacci sequence very well . First i thought it was complicated and didn’t know how it is related to life but you did great job . However sure i need more practice but thanks for this video 🙂

  4. Jacek Wojcieszyński April 27, 2017 at 8:32 pm - Reply

    It assumes that nobody follows this strategy.

  5. Amos Sianturi April 27, 2017 at 8:32 pm - Reply

    So if i use fibonacci retracement, where do the entry points located exactly? do they located between 38%,50%,and 68%?

  6. Omar namouchi April 27, 2017 at 8:33 pm - Reply

    Thx for this video,

  7. beliefmail April 27, 2017 at 8:35 pm - Reply

    nice video, except no mention of SL, where should be your stop loss?

  8. Aruna Precious Clarkrich April 27, 2017 at 8:36 pm - Reply

    Nice video

  9. Tristan Fiume April 27, 2017 at 8:40 pm - Reply

    this is great.respect I predicted when he was taking about the 38% support that it was gonna short and not go below 138 resistance

  10. Dominique de Graaff April 27, 2017 at 8:41 pm - Reply

    What about your stoploss?

  11. stormyweathers08 April 27, 2017 at 8:41 pm - Reply

    minute 2:40 I am sorry but what is exactly the ‘unit’ of measurement here!!?? Is it centimeter s, inches, or what!? the distance between my middle (longest) finger and wrist is 18 cm, whilst the one between my wrist and elbow is 27 cm. 27/18 = 1.5!

    Could you be a bit more specific than just ‘a unit of mesuren’!!??

  12. Anthony Yard April 27, 2017 at 8:45 pm - Reply

    Oh you make it so much easier to follow. You explain it for the people who dont know, just wonderful thank you. Will now watch more of your videos. When you find a good teacher, stick to them like glue. lol Thank you Anthony

  13. fhmm10 April 27, 2017 at 8:51 pm - Reply

    can we use this straegy for short timeframe intervals like 1 min ,5,15 or 30

  14. Simple Ton April 27, 2017 at 8:54 pm - Reply

    Fibonacci is bullshit

  15. Randy Romano April 27, 2017 at 8:56 pm - Reply

    Thank you. Sincerely, Thank you very much!

  16. Serdar Yavuz April 27, 2017 at 9:12 pm - Reply

    GOD exists.. Even DNA has this 1.618 ratio, it cant be just a coinsidence

  17. M April 27, 2017 at 9:12 pm - Reply

    Great video-how do you backtest like in this video where you press a button and the next candle stick is formed

  18. jaime de la vega April 27, 2017 at 9:12 pm - Reply

    i’m confused whether i will use fib through body to body of the candle or to wick to wick? which one is better? please help…i’m a beginner

  19. Dan April 27, 2017 at 9:16 pm - Reply

    Whats the best time frame to use Fibonacci on?

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