Forex Trade

This guide is meant to help understand the basics of the fib tool and represent how they are placed on the chart. There is nothing magical or no secret set of numbers as to the reasons that fibs are used in trading. Two points you need to understand; Firtsly, The market moves from economic conditions and is displayed in economic indicators that you see reported as the news. Secondly, Indicators, fib tools, candlestick formations do not move the market they are merely showing you entry and exit points.