How To Draw Fibonacci Extensions The Right Way (Tutorial)
How To Draw Fibonacci Extensions The Right Way (Tutorial)
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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DISCLAIMER:
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.
This video is not a recommendation to anyone on how to spend or invest their money. Take all videos as my own opinion, as entertainment, and at your own risk. I do not assume any responsibility or liability for any errors or omission in the content of this channel. This content is for educational purposes only, and is not tax, legal, financial or professional advice. Any action you take on the information in this video is strictly at your own risk. TradingBeacon.com and all individuals affiliated with this channel assume no responsibilities for your trading and investment results.
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If you’ve read this far into the description drop me an emoji below in the comments! đ„
#Trading
This is so confusing…
thanks mate!
Would have liked a more detailed explanation personally.
Finally.
Iâll love to share how I have been able to make so much profit in crypto since the year began, I honestly canât understand the negative attention cryptocurrency receive.
Excellent! Thank you!
Too good vedio …. thanks for making such nice vedio …… love and prayers from india
I have tried lots of professionals but only got exceptional income trading with Mr Ryan strategy now earning over $7000 biweekly with his strategy.
Awesome explaination đ
Thank you!
Thanks for sharing this. Yes, there are videos teaching the wrong way to use this tool.
Really enjoy all your videos. Do you trade through Tradingview (who?) or MT4 (..??)?
Great Tutorial… concise and to the point.
can someone tell me is there an app or website that i can use to draw the fibonacci??
i rarely comment on youtube videos but You are amazing God bless you
Amazing content
Given the high rate of scammers all over youtube it is important these guidelines are circulated so every trader can be safe out here, first thing first if you find yourself needing a mentor make sure the said mentor is registered, he has to be a verified investment adviser/broker and also always research for a strategy and read reviews, the one i use is the *Nicholas Alexander Kelly Strategy* currently working and the creator is registered and verified so give it a go.
Every video has explained this too me, has used a completely different point for the third click. Thank you
127% is very very important level too.
nice video bro
One of the best EXPLANATION
These are not the levels Tradingview has setup.
wysetrade?
thank you! But now I’m confused when to use between fib retracements and fib extensions
Very nice explanation â€ïžâ€ïž
đđż
Hello, thanks for sharing all details, but i am just beginner and i started trading on mobile so can u pl tell me what values should i enter if i am doing trading in live market and mkt has just begin 30 mins before or before 30 mins closing.as in mobile drawing tools are not visible , what is visible is style, coordinates and visibility.in style dropdown there are trend line , levels line, extend lines,,background , reverse, prices levels,>values ,percents, LABELS > LEFT, TOP ,MIDDLE ,BOTTOM and fib levels based on log scles option.
Next tab is coordidates > price bar1 and price bar2 and the last tab is visibility >minutes, hours ,days, weeks and months option .pl guide me how can i use it accurately on mobile.thanks and regards
I use Tradingview and its a little confusing to see what or how to change the numbers on the Fib. Ext tool. Do you have a detailed example I can study? THANKS!!
wow ! thank you so much! i learnt a lot !
Finally, someone who explained this clearly, thank you.
i need sub đ„
BEST VIDEO ON THIS EVER. I’VE SEEN MANY BUT THIS IS THE BEST ONE. THANK YOU!
THUMB’S UP, SUBBED, BELL ON đ Thank You
i have tried all things…and it’s all crap đ the more i know the worse my trades get. I made 40k from 5 k in 6 weeks. When i absolutely knew nothing about trading. Now i know a lot and i hardly win lol.
Awesome video,As a beginner,I made weak profit investing on my own but since I started trading with Mrs Camilla Margaret,I’ve made huge profit, her trading strategies are top notch coupled with the little commission she charges on her trade
There is a you tube channel called trade empowered and he said you take from 1 to 2 and then back to 1…..I don’t know who to believe…yall need to get your shit together lol
Ί is GOD
It was an excellent knowledge sharing video. Just to know should we go ahead one Fibonacci extension till trend is reversed. Do we need to draw another if there might be consolidation or short term correction?
What recommended fib numbers come after 200%?
Thank you,
thnkyou so much found so many videos but noone taught like you. subscribed
Great video helped a lot
crystal clear explanation
Hi. Your videos are very helpful to me. Thank you so much. Do you think you can do a video on Fibonacci retracements?
Watched many Trading videos from different channel but this should be one of the top in my list because of the crisp and clear explanation of the subject.
Nice video sir. I have doubt how to do settings as percentage in fib extension
great video
ITS GOOD EXPLATIONATION FOR FIB EXTENSION
how do you customize the fib level to show % exactly as how it is in the video? the default on trading view is numbers and decimals. please help!
Whoa….what a clear video it is! Awesome! Thank you so much for the content.
Very educative piece, liked & subbed straight away.
Here is an advice for every upcoming trader, first make sure you research for a strategy, secondly if you decide to get a mentor make sure he is a registered investment adviser/broker these days you have to be careful a good way to start your career is researching *Nicholas Alexander Kelly strategy* the strategy is currently working and the creator is registered as well so there you go.
Great information âčïž, this made me sign up with an experienced professional trader in the trading community who has deemed fit for trading for me honestly and also is very well making me happy and learning when he gets my gains and the PDF as well!