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

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  • #1246 Collapse

    Eventually, price went all the way back down to the Swing Low. That was a move of about 500 pips! That could’ve been your trade of the year!
       
    • <a href="https://www.instaforex.org/ru/?x=ruforum">InstaForex</a>
    • #1247 Collapse

      Looking for “Fib Sticks” can be really useful, as they can signal whether a Fibonacci retracement level will hold. in the forex.
         
      • #1248 Collapse

        If it seems that price is stalling on a Fib level, chances are that other traders may have put some orders at those levels.
           
        • #1249 Collapse

          This would act as more confirmation that there is indeed some resistance or support at that price.Another nice thing about Fib Sticks is that you don’t need to place limit orders at the Fib levels.
             
          • #1250 Collapse

            You may have some concerns whether the support or resistance will hold since we are looking at a “zone” and not necessarily specific levels.
               
            • #1251 Collapse

              This is where you can use your knowledge of candlestick formations.You could wait for a Fib Stick to form right below or above a Fibonacci retracement level to give you more confirmation on whether you should put in an order.
                 
              • #1252 Collapse

                If a Fib stick does form, you can just enter a trade at market price since you now have more confirmation that level could be holding.
                   
                • #1253 Collapse

                  The next use of Fibonacci will be using them to find targets.Gotta always keep in mind “Zombieland Rules of Survival #22″ – When in doubt, know your way out! Let’s start with an example in an uptrend.
                     
                  • #1254 Collapse

                    In an uptrend, the general idea is to take profits on a long trade at a Fibonacci Price Extension Level. You determine the Fibonacci extension levels by using three mouse clicks.
                       
                    • #1255 Collapse

                      First, click on a significant Swing Low, then drag your cursor and click on the most recent Swing High. Finally, drag your cursor back down and click on any of the retracement levels.
                         
                      • #1256 Collapse

                        This will display each of the Price Extension Levels showing both the ratio and corresponding price levels. Pretty neat, huh?Let’s go back to that example with the USD/CHF chart we showed you in the
                           
                        • #1257 Collapse

                          The 50.0% Fib level held strongly as support and, after three tests, the pair finally resumed its uptrend. In the chart above,
                             
                          • #1258 Collapse

                            you can even see price rise above the previous Swing High.Let’s pop on the Fibonacci extension tool to see where would have been a good place to take off some profits.
                               
                            • #1259 Collapse

                              It fell back to the 38.2% level, where it found supportPrice then rallied and found resistance at the 100% level. couple of days later, price rallied yet again before finding resistance at the 161.8% level.
                                 
                              • <a href="https://www.instaforex.org/ru/?x=ruforum">InstaForex</a>
                              • #1260 Collapse

                                As you can see from the example, the 61.8%, 100% and 161.8% levels all would have been good places to take off some profits.
                                   

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