Choose the right day to trade. This recomendation is often wrongly taken as an optional thing, because everyone knows that Forex market is open 24 hours a day 7 days a week. Yet, choosing the time to trade can make understanding leverage forex difference between successful and hopeless trading.
Fridays afternoon, during the huge volume of closing trades. Fibonacci can be very helpful in trading, even partially using the study, for example, to determine the best exit, can bring traders to a new edge of trading. A golden rule of trading: “Always trade what you see, not what you would like to see” is the best explanation here. Forex traders, make sure you do it for your benefit, not for disaster. If you use such signals to discover how other traders do analysis and study on the price — you are on the right track and soon you’ll be able to do analysis yourself. But if you’re just blindly following recommendations and your only task is to push the correct button think again.