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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11 Comments

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

  2. 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. Thx for this video,

  4. 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

  5. What about your stoploss?

  6. 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

  7. Fibonacci is bullshit

  8. Definitely i will watch all your videos

  9. 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 :)

  10. Jacek Wojcieszyński

    It assumes that nobody follows this strategy.

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

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