Trading Tips

How to Effectively Use Fibonacci Retracement in Your Forex Trading

Are you familiar with the golden ratio? About how the ratio of the length of your forearm to the length of your hand is 1.618, the golden ratio. Or how the ratio of the temperature of an average human (37 degrees) to the perfect room temperature is 1.618. This golden ratio is found in the Fibonacci sequence and exists in almost everything if you know where to look. Even in forex.

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