How To Use Fibonacci In Your Trading Video Tutorials

You will hear often about price hitting a certain fibonacci level. Fibonacci levels are used extensively by pro traders to identify probable areas of support and resistance. This is something very important for you to understand. Fibonacci is a leading indicator that tells you ahead in time where the price can most probably find support or resistance. When price reaches that level you need to closely watch it and see how it reacts. Fibonacci alone is not a strong signal. You need to find confluence with other indicators like candlesticks, divergences etc. Watch these video tutorials on how to use Fibonacci levels in your trading! Let’s start with these 8 video tutorials by Raghee Horner in which she describes in detail how she uses fibonacci in her trading.

This is the second video.

This is the third video.

This is the fourth video.

This is the fifth video.

This is the sixth video.

This is the seventh video.

This is the eight video.

As said above never use fibonacci alone. It is just a way that pro traders use to dissect the price action. Since many traders in the market use these levels you will find the price reacting at these levels. But keep this in mind. Sometimes the market respects these levels and sometimes the market doesn’t seem to care about these levels. So always use these levels with other indicators and only trade when you find confluence between at least 3 indicators.