If you are interested in business then definitely you will know forex exchange. Forex is the type of online business with the help of which you can sell foreign exchange at a minimum rate. This can be your oil price, gold, country situation, and economic condition. It depends on certain criteria which you have to deal upon it. The exchange of currency during trading is also the process of forex. In this article, we will be discussing Fiboncci retracement is (Fiboncci Retracement คือ, which is the term in Thai) for its exchange. So let’s begin the journey and get the idea of this new term in the forex.
How to use Fiboncci retracement in forex?
We can say that to apply this in forex we need 30 to 60 minutes for it to apply. The strategy for Fiboncci retracement is always trending trading. With the help of the trend, you have to change the replacement for high risk or low risk.
- You have to identify the direction and the trend of the market 1stAnd then you can proceed further.
- With the help of certain tools, you can apply this concept and then drag it to the right side on the top.
- The third step is to monitor the potential and the support level, which is in the market in recent times.
Can you earn money from forex?
A certain question arises in the mind of people that can anyone be a rich person by earning forex money. You can opt for this and earn money to earn money you can know about dealing with the tradition of currency through the online market. The demand and supply of every currency should be known by you. The interest rate for the market at that moment should also be known by you. There are various types of trading tools with the help of which you can easily earn money without spending much time. A certain graph on the screen of your computer can identify your peak level.
At last, we can conclude that Fiboncci retracement can be done through forex exchange with the help of various tools. Any forex market news should be up to date by you. It is up to you what you want to do and how you want to learn about forex exchange. The more you can learn about it the better you can earn from it first to try your luck hard and keep yourself always motivated to learn something new because new things add always useful.