How To Use The Fibonacci Indicator Effectively
The purpose of this tutorial is to help you better understand how to plot the best fibonacci level on your chart as I have received quite a lot of emails from readers asking me about this topic.
In this video tutorial, I will show you how to identify the right swing high and low which are not taught anywhere else.
So some of you may be asking why should you learn Fibonacci Indicators? The reasons are as below
1) It is one of the best support and resistance level especially if you are able to identify the “power fib level”
2) This indicator is widely used by institutional traders which trades big amount. Therefore the fibonacci indicator level of support and resistance are widely respected by the market
3) Unlike most of the forex indicators in the market which are lagging indicator, the fibonacci is actually a leading indicator which is able to help us predict the price movement.
4) If you know the right technique, the fibonacci indicator is the best tool to identify a reversal for a trader which allows us to ride the next trend earlier.
So let us begin the training by watching this video tutorial that I have specially prepared for you guys
For those of you who are still struggling in your trading, you can take a look at my Fx Street Uni course which will teach you the exact strategies I am using to trade for myself and user of my trade copier service.