Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money

79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Tricks of the trade

How to Day Trade Stocks & Indices

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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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Disclaimer

Past performance is not a reliable indicator of future results.

CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.

CMC Markets does not endorse or offer opinion on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

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