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62. Predicting the future with Fibonacci retracements
Fibonacci retracements are a popular form of technical analysis used by traders to predict future potential prices in the financial markets. Fibonacci retracements and ratios can help traders identify upcoming support and resistance levels based on past price action. In this podcast, Alison and Chris talk about what retracements are, the benefits of trading retracements, and how to use the Fibonacci Retracement tool.
Fibonacci Retracement video - https://fxscouts.com/latest-forex-news-and-analysis/what-are-fibonacci-retracements/
The Best Times to Trade Forex - https://fxscouts.com/forex-trading-hours/
DISCLAIMER
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
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By FxScoutsFibonacci retracements are a popular form of technical analysis used by traders to predict future potential prices in the financial markets. Fibonacci retracements and ratios can help traders identify upcoming support and resistance levels based on past price action. In this podcast, Alison and Chris talk about what retracements are, the benefits of trading retracements, and how to use the Fibonacci Retracement tool.
Fibonacci Retracement video - https://fxscouts.com/latest-forex-news-and-analysis/what-are-fibonacci-retracements/
The Best Times to Trade Forex - https://fxscouts.com/forex-trading-hours/
DISCLAIMER
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
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