How to get the advantages trading forex online with fibonacci retracement

Simple Forex Trading with Fibonacci Retracement. Fibonacci is one tool that is quite popular for a trader technical analysis, calculation of numbers that exist in the Fibonacci very easy to apply when they are accustomed to using these tools in technical trading.

Very simple to find out where the area of ​​support, resistance and pivot by using technically through Fibonacci retracement. The highest price is the resistance while the lowest priced area is an area of ​​support, very simple instead. And the highest point of the price movement that occurs is known as a bottom swing high and swing low is referred to as. To use this fibonacci retracement trading tools every trader must first describe from the highest point or the lowest point to draw Fibonacci lines from swing high to swing low, or from low to swing high swing. To more clearly be seen in the following image below.

In the picture above can be seen in figure Fibonacci numbers as a reference to determine the level of support or resistance level. Charts on the image using the H4 time frame. Some popular figures on the entry level for simple forex trading with fibonacci retracement using numbers ie 38.2 % , 50.0 % and 61.8 %. Why pay attention to these three numbers are the reason its like this, there is some semblance of order to the ratio of adjacent Fibonacci numbers are:

1. Fibonacci value bigger and bigger, and each ratio number to the previous number approached 1,618. It's called the Golden Ratio or the Golden Mean.
2. Fibonacci greater value, the ratio of any number to the next higher figure approaching 0.618.
3. Ratio of two to one diatara higher value is close to 0.382.
4. The ratio between the numbers one to three higher value is 0.236.

With a simple method of trading forex with fibonacci retracement can look for opportunities to take action to buy when prices are moving in the area and the level of support, or otherwise when it saw an opportunity to take action to sell when the price is at resistance level.