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Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

76.5% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

Fibonacci tools

Information is not investment advice

Fibonacci tools are constantly used by Forex traders. To apply them to your charts in MetaTrader, you need to click “Insert” button of the menu and then choose “Fibonacci”. You can find several Fibonacci tools in your trading terminal: retracement, expansion, fan, arcs and time zones. All of these tools are based on Fibo ratios.

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Let’s study the logic behind the Fibonacci instruments. 

In the 13th century, mathematician Leonardo Fibonacci researched a series of numbers (0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc.). Every number in this sequence is the sum of the two preceding ones. It turned out that the ratios of these numbers correspond to the natural proportions of the things in the universe. For example, tree branches form or split in line with Fibo numbers, seed pods on a pinecone are arranged in a Fibonacci spiral pattern, etc. 

Financial markets are no exception: different movements of the market are often consistent with Fibonacci ratios as well.

Fibonacci sequence has some constant ratios. The most important Fibo ratios are:

- 161.8%, the “golden ratio” (the ratio between any number of the sequence and the preceding one, ex.: 89/55 = 1.618). 

- 61.8% (the ratio between any number of the sequence and the following one, ex.: 55/89 = 0.618).

- 38.2% (the ratio derived from skipping 1 sequence in division e.g. 55/144 = 0.382). 

Among the Fibonacci tools, we have mentioned the most useful for traders are Fibo retracement levels and Fibo expansions, but fan, arcs and time zones and also be quite helpful.

Fibonacci ratios also play an important part in the Elliott wave theory and harmonic patterns.

Watch webinar "Trade with Fibonacci"

Popular

USD Moves Weird Ahead of CPI

The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.

The NFP Release: One More Punch for USD?

The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.

The UK Speeds Up Tightening

The Bank of England (BoE) will share its Official Bank Rate and make a statement on monetary policy on August 4, 14:00 GMT+3.

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