Monthly Archive: March 2021

Understanding the use of Fibonacci retracement tool

When you move forward in the trading industry, you will find it more difficult to find the right opportunities to execute your trade and make money. Besides, over time, you may have an increase in your investment. Whenever you are investing a larger amount of capital, the risks become higher. Undoubtedly, as an investor, you will not want to lose your money. That’s why you might need to think wisely and carefully before you decide to execute a deal. You might need to draw some trend lines or support and resistance levels.

At times, you might require to come up with multiple strategies to get in a trade. All of these have some indicators that help you to look out for better chances to make a profit. One such indicator is a Fibonacci retracement which might be the perfect tool for you if you are looking for a better understanding …