18 Oct
Posted by daytradingrules as Day Trading Rules
Ive always done O.K, but it wasnt till I learned about Fibonacci numbers that I began seeing steady gains. Ive used this system with major success during the past half a year. I invest pretty conservatively, but my largest gain so far ( on one currency cross ) was over $5000.
by employing leverage, just some pips change in price levels let me to get in and get out without putting a ton in peril. Does a gun kill people? Is the Television bad? The answer’s no. A gun doesn’t kill folks on its own, and Television programming is what makes it hard or good. You want to use Fibonacci lines like a guide. I like a retracement that goes halfway the best. Generally, if you choose investments and trades that are of a higher probability, you’ll do better. In the same line, if the price hasnt dropped all of the way down to the fifty line, it shows the price hasnt dropped far enough.
Stick with the fifty percent line, and youll do far better. And I used Fibonaccis golden proportion to find the correct price levels at which to trade off.
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