Tradingview Trading Tutorials: How To Use Fibonacci Retracements for Beginners

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Thanks for watching!

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Hi! The purpose of this video is to share with you some practical tips on how to use fibonacci in your trading.. Ya know, how to think about fibs, what they really mean, and what they're really telling you about the asset you're interested in trading.

I feel that a lot of people have a misunderstanding when it comes to applying fib retracements on their charts, so hopefully this helps clear the air.

This is the first video in an ongoing series of tutorials titled "Trading View Trading Tutorials" - brought to you by True Binary's School for Trader Development.

I think of Fibonacci studies as location tools, not a "be all end all" magic solution to trading.

Fibonacci extensions are another concept that I'll cover in a subsequent video. I think it's best for beginning traders to think of Fibbonaci Retracements & Fibonacci Extensions as separate ideas to be used in different types of market states. Fib retracements being used in ranging market states while fib extensions are most often used in trending market states.

Combined with other location studies, internal studies like price momentum & volume momentum, and market structure concepts, students should be able to build themselves a powerful and reliable edge in the market.

This is NOT financial advice.

My goal is to impart on you all of tools and concepts that I've learned throughout my trading journey so that you can piece together and use what works for you.

I've never met a trader who has the exact same trading plan as another trader. It's incredible how many edges there are in the market and how many completely unique ways there are to trade successfully.

Everyone should be working towards building their own personal trading plan that fits their own personality.

Видео Tradingview Trading Tutorials: How To Use Fibonacci Retracements for Beginners канала Grant Instantly