Useful Tools for Chart Analysis: Fibonacci and Moving Averages
When I first started trading, I was looking at graphs and sort of just guessing trends – are they bullish or bearish, or flat? Guesswork is no good. You have to learn when to enter a market, when to get out and learn what the candlestick graphs are actually showing. In my research today, I found out about Fibonacci and Moving Averages. Both are useful tools to implement on your trading graphs as by understanding how to use them properly you will know when to enter the market. They explain almost perfectly the underlying trends on the graphs. Below are three good vides that are well worth watching. There are more good videos in the Video section of this site which you can access using the above menu.