Getting Technical Using Fibonacci
Posted by admin on November 13, 2007 in Finance :: Trading / Investing
If you aren’t familiar with trading stocks, then you probably won’t have heard of Fibonacci trading. Basically Fibonacci is a type of technical indicator that relies on key retracement points that traders look at as technical support levels for entering a stock trade. They often overlay these points with other technical indicators to decide whether to trade stock or wait for a better opportunity.
