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At the first time i learn Forex trading i just use moving average, stoch, bolinger,etc. But i listen everybody use fibonacci for their analysis, until i work at Futures Company their using fibonacci to. Then i start learning from any source, until now i use fibonacci for my every open position. well if your new you should learn is great everybody use it for their analysis.

Note:

1. Not all Fib levels are alike.
2. No technical study is perfect, you must develop the skills to filter out bad trades,
and improve the odds of finding better trades.
3. Price action just before a Fib retracement can tell you something about the future.
4. Which Fib level causes the end of a retracement also can give a hint to future
price action.
5. No technical study is perfect, you must develop the skills to filter out bad trades,
and improve the odds of finding better trades.

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