Tricks

Learn To Trade Fibonacci Retracements

We’re joined by Head of Product Development at CMC Markets, Ryan O’Doherty, who’s showing us how to use Fibonacci Retracements in your trading process. He uses the CMC Markets trading platform to depict support and resistance levels and explains what they can mean for your trading strategy.

Ryan also explains how to incorporate risk management tools like stop-losses, depending on what direction you think the market is going. Learn about Fibonacci trading, what the ‘golden ratio’ is, and what all this means when analysing price action and placing your trades.

Learn how to start trading with Fibonacci retracements by watching the full video below:

Thanks for watching. Watch the other two parts of this three-part series with Ryan; 5 common trading mistakes to avoid and The beginner's guide to candlestick patterns

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