Fibonacci trading | FTMO

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Using Fibonacci retracement and extension tools is one of the most popular technical analysis approaches. Why these numbers work, and how to utilize them in your trading? That’s what we explore in this video.

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All information provided on this channel is intended solely for the study purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity, analysis, or similar general recommendation regarding the trading of investment instruments. The content, in its entirety or parts, is the sole opinion of FTMO and is intended for educational purposes only. The historical results and/or track record does not imply that the same progress is replicable and does not guarantee profits or future profitable trading records or any promises whatsoever. Trading in financial markets is a high-risk activity and it is advised not to risk more than one can afford to lose!

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Background It was in very early 1970s when the forex market was very first developed after the Bretton Woods Accord in an attempt to recover the global financial state. At this Accord, major currencies were to be pegged to the dollar which in turn was pegged to the cost of gold at $35 an ounce. Hence, major globally pegged money could just change one percent.

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