In collaboration with Blue Sky Forex, HF Markets is pleased to announce a complimentary webinar focused on Fibonacci Theory. Blue Sky Forex is an integral part of the broader Blue Sky educational and trading community, comprising a team of seasoned traders from across the globe.
The Fibonacci Theory webinar is scheduled for February 16, 2023, at 12:00 PM GMT and is a testament to HFM's commitment to providing educational resources for its clients. To participate in this enlightening event, traders are required to register as clients with HFM broker. The registration process can be accessed via HFM's official website.
Fibonacci theory is a fundamental concept in forex trading, particularly in technical analysis. The HF Markets webinar will be hosted by Oto, a seasoned trader and forex researcher who specializes in explaining Fibonacci and how it can be applied to traders' strategies. During the webinar, Oto will cover:
- What is the Fibonacci theory?
- How to identify a "dead-cat bounce."
- How to use Fibonacci retracement in your trades.
Traders frequently employ Fibonacci patterns to predict how much a current trend might "bounce back" or retrace. In the forex market, price movements often rebound from specific levels represented by Fibonacci lines.
These lines indicate price levels that traders pay attention to before making their trades. Understanding Fibonacci well can provide traders with a powerful analytical tool to enhance their trading strategies.
FIBO is an STP/ECN broker that has existed since 1998. Clients can enjoy cent accounts, leverage up to 1:1000, and floating spreads at this broker. There are also BTC and ETH account currencies available for crypto users.