Forex Basics for Beginners | How I Use Fibonacci to Find Forex Entries and Take Profits

Forex Basics for Beginners | How I Use Fibonacci to Find Forex Entries and Take Profits

Hey y’all.

I hope you are doing well this Saturday evening.

I am doing this video over in response to some folks who say the earlier versions were not clear. I show you my fibonacci forex strategies. I show you how to use this in TradingView but it can also be used on MT4 and MT4 mobile.

In this video I break down how I use Fibonacci to find my Forex entries and take profit levels. I add additional extension levels to Fibonacci tool in Forex. I also show a little of how this combines with Elliott Wave trading.

I use the fibonacci retracement tool in uptrends, downtrends intraday and swing trading. It can work on any timeframe.

Let me know below how you use the Fibonacci tool. Is it similar or different?

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Disclaimer
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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