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Forex Trade: Main Drawbacks of a Forex TraderWhy is it that very few traders succeed in the Forex trading environment while the grand majority of traders fail to achieve success? Although there is no hard answer to this question, there are a few things that will put you one step ahead and...
Learn By Hands On Forex Trading: Demo Accounts Vs Mini Accounts
If you are new to Forex, you are likely overwhelmed by the sheer amount of information you are finding about currency trading. Although the concept of trading the currency markets is simple to understand, the actual trading methodologies and ...
What Is Forex And Why Should You Trade It?
Although perhaps not as well known as some other markets, the Foreign Exchange (or Forex) market is the largest securities market in the world. Actually, if you combine all of the other markets in the United States together, Forex is 30 times...
An Example Of A Fibonacci Ratio In Forex Trading
If you haven’t realized it yet, Fibonacci forex trading is the basis of many forex trading systems used by professional traders around the world. These systems are all based on the historically famous Fibonacci ratios (.236, .50, .382, .618, etc.).
Each trading system can be focused on any of these particular ratios, and with the help of other minor indicators the trading system can make the pinpointing of the entry and exit levels as easy, accurate and profitable as possible.
One of the most widely used Fibonacci ratios is the 0.382 ratio. Currency prices are continually changing and they follow an oscillatory pattern with peaks and valleys. The limit of the peak is usually called a resistance level while the valley is usually called a support.
You can find the 0.382 ratio level in the following way: first, measure the size of the drop or rise over your time of interest. Once you have that value you multiply this by 0.382. Now depending on what you are looking at, a rise or a drop on the price of the particular
“currency pair” you are trading, you will add the last value you calculated to the total drop or subtract the value from the total rise.
These operations will give you the 0.382 Fibonacci ratio level, either for a rise or a drop on the chart you are analyzing. Once you have the value you can then start planning the strategy you will follow. For the 0.382 ratio level calculated for a recent rise in the “currency pair” exchange price, your calculated level will be a highly probable support and for the case of a level calculated for a recent drop of the prices your level will be a highly probable resistance.
Knowing this ahead of the market and having the proper secondary indicators, will give you a huge advantage over most forex traders.That’s why Fibonacci trading is so profitable and successful around the world.
Free chapters of a forex day trading system can be downloaded at www.1-forex.com in case you are interested in learning more about Fibonacci forex trading.
Written By: Adrian Pablo
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 China Daily | WORLD FOREX: China Helps Dlr; Risk Hits Euro, Data Hit Pound Wall Street Journal LONDON (Dow Jones)--Reassurances from China about its reserve policy left the dollar higher but the euro has ... Dollar gains as data suggest brighter US economic outlook FOREX-Dollar recovers, supported by low risk demand Stocks gain on recovery hopes |
 AFP | CORRECT:WORLD FOREX: Rising Risk Appetite Pushes Dollar Lower Wall Street Journal ("=WORLD FOREX: Rising Risk Appetite Pushes Dollar Lower" published at 0928 GMT and 0929 GMT, misstated the level of the dollar against the yen in the 15th ... Liquidity crunch to keep US dollar demand strong Forex Trading - Dollar Down, Positive Finance News Dollar drops against rival currencies |
