In this Trading Beacon tutorial, we will explain EXACTLY how to use the Fibonacci Extension Tool, so that you can draw in your take profit levels correctly while trading.
The fibonacci extension tool (also known as fibonacci expansion) is used primarily to draw take profit targets when trading, and can be combined with other factors of confluence to increase the probability of your levels.
So if you want to know how to use fibonacci extension in your trading then look no further than today’s tutorial!
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Foreign exchange trading on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Past performance is not indicative of future results. The information presented today is not meant for use in live trading.
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