Traders speculate on movements in the price of any asset class intending to yield profits. It, therefore, becomes imperative to comprehend the price charts and rationally assess the trends.
The golden ratio explains predictable patterns in everything from atoms to huge celestial bodies in space. Nature utilizes the golden ratio to maintain balance, and the financial markets, as well, seem to conform to this "golden ratio."
The golden ratio is derived from the Fibonacci sequence, which is widely used by technical traders to deduce support and resistance indicators.
Fibonacci retracement levels are also utilized to place entry orders, ascertain stop-loss points, or even while setting price targets.
To gain more insights and confidence, a trader can leverage the Fibonacci points, in conjunction with other tools like trend lines, moving averages, RSI, ATR, and Pivot Points, to mention a few.
Our financial market expert will help you apply Fibonacci retracement levels in the upcoming webinar.
Interpret the trends using Fibonacci retracement levels
Price projection leveraging Fibonacci charting tool
Technical analysis and risk management
Limitations linked with the use of the Fibonacci sequence
Head Investment Consultant
Vivian Thomas has vast experience in the global financial markets, specializing in forex, and commodity markets with expertise in 'Advanced Technical and Quantitative Analysis'. His vast professional experience is balanced with his pragmatic attitude towards trading that helps in understanding of the markets and the rationale behind investing. Over the years, he has established many winning trading strategies based on historical and future trends. He helps new and experienced traders improve their trading strategy through technical analysis, which includes interpreting trends by reading charts, understanding candle patterns, to the most advanced use of Fibonacci, Harmonic Patterns, Ichimoku Kinko Hyo, etc.
*Disclaimer: This webinar (training) by Century Financial Consultancy LLC (“CFC”) is intended for general information & education purposes only. It should not be construed as an offer, recommendation or solicitation to purchase or dispose of any securities/financial instruments or to enter in any transaction or adopt any hedging, trading or investment strategy. Any information provided in the training shall not form the basis of any contract or commitment whatsoever.
The material provided in the training should also not be considered legal, regulatory, credit, tax or accounting advice. Anyone proposing to rely on or use any information provided by the trainer should independently verify and check the accuracy, completeness, reliability and suitability of the information and should obtain independent and specific advice from professionals or experts regarding the provided information.
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