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Fibonacci Trading Strategy

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  Fibonacci Trading Strategy – Complete study In this article, I am going to discuss Fibonacci Trading Strategy – Complete Tutorial with Real-Time Examples. What Fibonacci retracement levels should I use? Should the price touch the retracement levels? What confluence factor to check for more reliable entry? How to take entry (aggressive /conservative/safe entry)? Where to put the stop loss-based Fibonacci retracement ratio? Where to take profit based on Fibonacci? Trailing stop loss and profit booking method based on the Fibonacci extension tool You will find some answers to the following common question related to Fibonacci trading Does Fibonacci work in trading? How successful is Fibonacci trading? What is 61.8 Fibonacci? What is the best time frame for Fibonacci? Introduction to Fibonacci vs any other indicator Moving average trend following system vs Fibonacci trading system. The initial trader bases his choices on a trend-following strategy. He is employing two 9- and 21-peri...
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How to Read Candlestick Charts for Intraday Trading

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How to Read Candlestick Charts for Intraday Trading Intraday trading is a method of investing in stocks where the trader buys and sells stocks on the same day without any open positions left by the end of the day. Hence, intraday traders try to either purchase a share at a low price and sell it higher or short-sell a share at a high price and buy it lower within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions.                                                                      In the stock market, the price of a share is determined by its demand and supply among other factors.Charts. Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read the...
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