Swings are a great way to identify the correct stop loss and target points. If you can identify a swing, you can easily make out the high probability target areas by drawing the Fibonacci extension.
The general rule that the traders follow is to buy and
The highs and lows of a swing are an excellent help when it comes to the success in the forex market. A trader should keep this in mind – It is impossible to put a stop loss and target price correctly without identifying the swings.
You will be surprised to know the answer which is – we don’t know – as Fibonacci numbers work on almost everything from DNA to the universe. It works on everything that you see in this world and so is in our forex world. Nobody
If your background is somewhere related to mathematics, then you must be aware of the Fibonacci series. In fact, students are taught this series in their schools. So, what exactly is this Fibonacci series?
Fibonacci series is a sequence of numbers in which the next number
There are two types of trading in the forex market as it is open 24X7. These are:
Interday trading (Explained in part 2 of the article)
Traders call day trading as intraday trading. This is a kind of trading in which the forex