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In his latest spread betting video tutorial John C Burford deals with the basics of Fibonacci theory and how it can help you decide where to enter and exit trades.
Created with Marketscope/Trading Station II Now that the trend the trader wants to trade has been identified, the Fibonacci retracement can be added to the chart with the trader’s charting software.
If you'd like to learn more about Fibonacci and how to apply it to your trading strategy, download the entire 14-page free eBook, How You Can Use Fibonacci to Improve Your Trading.
The second reveals that the intraday trader often uses more than one time frame – such as a one-minute, three-minute, five-minute, 10-minute and 30-minute chart – in making trading decisions.
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