Have you heard of the Fibonacci trading technique? If not, here’s a handy little guide for you. Below you will find out how 13th-century math principles help to benefit modern traders, and what is the best way to get started with using Fibonacci retracements to trade.

Last week I discussed the importance of candlestick patterns in my Bitcoin - Forex Combo Strategy. For those who missed the post, please make sure to read it at “Bitcoin - Forex Combo Strategy: Candlestick Patterns”. It is very important for you that you not only learn about them, but also understand what they tell you about price action.

Fibonacci levels can be considered as a very strong price indicators in the forex market. A trader can successfully use this tool alone or in combination with other indicators.