Forex Trading South Africa
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Forex Trading South Africa

South Africa's forex trading forum. We discuss forex strategies, forex courses and everything else forex.


Fibonacci in Forex Trading

Forex Trading South Africa :: General Forex Discussion

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Fibonacci in Forex Trading Empty Fibonacci in Forex Trading

Post  Admin Tue Dec 18, 2012 8:03 am

Fibonacci levels play a very important role in forex trading often becoming strong support and resistance levels. The metatrader platform has a fibonacci tool that can be used to show these levels on your trading chart. Do yourself a favour and go and look at these levels on higher timeframes, you will be amazed at how often these levels come into play.
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