![]() ![]() If the required funds are not provided within the prescribed time, your positions may be liquidated. You may sustain losses in excess of your initial funds and may be called upon to deposit additional margin funds at short notice. The risk of loss in leveraged trading can be substantial. Investments are subject to investment risks. Accordingly, no warranty whatsoever is given and not liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of your acting based on this information. It does not have any regard to your specific investment objectives, financial situation or any of your particular needs. This material is provided to you for general information only and does not constitute a recommendation, an offer or solicitation to buy or sell the investment product mentioned. To do that on our POEMS Platforms, select the Fibonacci Retracement Indicator, click once on S$13.01, drag your mouse to S$21.50 and click again. In order to draw the Fibonacci Retracement, you simply place your 0% line at S$13.01 and 100% line at S$21.50. For example, the chart below shows that the price of DBS falling from S$21.50 to S$13.01. First, you identify if the trend is up or down. Most trading platforms will allow you to plot Fibonacci Retracement lines, but many investors do not know how to use this tool. For simplicity, I will explain using Fibonacci Retracement. For Fibonacci Retracement, they are horizontal lines, for Fibonacci Arcs, they are curved lines and for Fibonacci Fans, they are diagonal lines. In all 3 applications, the golden ratio is expressed in 3 percentages, 38.2%, 50% and 61.8%.įibonacci retracements are areas on a chart that indicate areas of support and resistance. Most of us use Fibonacci Retracements, Fibonacci Arcs and Fibonacci Fans. If you are a Technical Analyst, Fibonacci is probably your good friend.
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