How can I learn forex treading. do u have any advice?

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  • #1156 Collapse

    dear forex trading koi learn krny k lye ap ko demo acount use krna chaye is sy bht ziada help milti hy demo account sy ap trading k basic rules ko smjh skty ho aur is k sath ap pass experince b a jata hy
    • <a href="https://www.instaforex.org/ru/?x=ruforum">InstaForex</a>
    • #1157 Collapse

      As you can see, we found our Swing High at 1.4195 on January 26 and our Swing Low at 1.3854 a few days later on February 2. The retracement levels are 1.3933 (23.6%),
         
      • #1158 Collapse

        1.3983 (38.2%), 1.4023 (50.0%), 1.4064 (61.8%) and 1.4114 (76.4%).The expectation for a downtrend is that if price retraces from this low,
           
        • #1159 Collapse

          it will encounter resistance at one of the Fibonacci levels because traders will be ready with sell orders there.Let’s take a look at what happened next.
             
          • #1160 Collapse

            Yowza, isn’t that a thing of beauty?!The market did try to rally, stalled below the 38.2% level for a bit before testing the 50.0% level.
               
            • #1161 Collapse

              If you had some orders either at the 38.2% or 50.0% levels, you would’ve made some mad pips on that trade.
                 
              • #1162 Collapse

                In these two examples, we see that price found some temporary support or resistance at Fibonacci retracement levels.
                   
                • #1163 Collapse

                  Because of all the people who use the Fibonacci tool, those levels become self-fulfilling support and resistance levels.
                     
                  • #1164 Collapse

                    One thing you should take note of is that price won’t always bounce from these levels. They should be looked at as areas of interest,
                       
                    • #1165 Collapse

                      or as Cyclopip likes to call them, “KILL ZONES!” We’ll teach you more about that later on.For now, there’s something
                         
                      • #1166 Collapse

                        you should always remember about using the Fibonacci tool and it’s that they are not always simple to use! If they were that simple,
                           
                        • #1167 Collapse

                          traders would always place their orders at Fibonacci retracement levels and the markets would trend forever.In the next lesson, we’ll show you what can happen when Fibonacci retracement levels fail.
                             
                          • #1168 Collapse

                            Back in Grade 1, we said that support and resistance levels eventually break. Well, seeing as how Fibonacci levels are used to find support and resistance levels,
                               
                            • #1169 Collapse

                              this also applies to Fibonacci!

                              Fibonacci retracements do NOT always work! They are not foolproof. Let’s go through an example when the Fibonacci retracement tool fails.
                                 
                              • <a href="https://www.instaforex.org/ru/?x=ruforum">InstaForex</a>
                              • #1170 Collapse

                                Here, you see that the pair has been in downtrend, so you decided to take out your Fibonacci retracement tool to help you spot a good entry point.
                                   

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