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{"id":2811,"date":"2019-12-18T08:44:11","date_gmt":"2019-12-18T08:44:11","guid":{"rendered":"https:\/\/iqtradingpro.com\/?p=2811"},"modified":"2019-12-18T08:44:11","modified_gmt":"2019-12-18T08:44:11","slug":"how-to-trade-fibonacci-indicator-in-iq-option","status":"publish","type":"post","link":"https:\/\/iqtradingpro.com\/how-to-trade-fibonacci-indicator-in-iq-option\/","title":{"rendered":"Fibonacci indicator – How to trade effectively in IQ Option"},"content":{"rendered":"
In the financial market, it can be said that Fibonacci indicator is an effective tool used by many professional traders. So what is Fibonacci? How does it work? How to use Fibonacci and trade in IQ Option? Let’s find out through this article.<\/p>\n
What is Fibonacci indicator?<\/h2>\n
Fibonacci is a series of numbers from left to right after the first 2 numbers. The increasing value in the series of numbers that each of the following numbers is decided by the sum of the 2 consecutive previous numbers. For example: \n0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377 next numbers are 610 ..<\/p>\nWhat is Fibonacci indicator?<\/figcaption><\/figure>\n
Fibonacci consists of 2 levels<\/h2>\n
The Fibonacci retracement levels will be 0.236, 0.382, 0.500, 0.618, 0.764.<\/p>\n
And the Fibonacci extension levels will be 0, 0.382, 0.618, 1,000, 1,382, 1.618.<\/p>\n
How to set up Fibonacci indicator<\/h2>\n
To set the Fibonacci sequence. (1) Click Graphical Tools => (2) Select Fibonacci Lines.<\/p>\nHow to set up Fibonacci indicator<\/figcaption><\/figure>\n