I am reading Fibonacci Retracement, it tells me to do certain things on the chart and it shows it on the image, but wich software is it? it does not says wich software you are using in the school program
Most charting platforms comes with the Fib. Retracement tool. It doesn’t matter what software you’re using, chances are, it’ll have it.
ClarkFX is correct, more likely than not, whatever software you are using, it will probably have it. it’s a pretty standard tool that all traders use.
I am not using any software, wich one are you using?
It’s quite difficult to draw fibs unless you have price charts…lol Price charts are offered through a variety of software packages. The school doesn’t need to specify which charting software they used because it doesn’t matter…fibs pretty much operate the same on all price charts. [B]You can search online for free price charts[/B] with tools and indicators to paper(less) trade before actually getting a brokers’ demo account.
When you’re ready to demo trade then look for online brokers. They offer price charts with the capability of placing and managing orders and the profit or loss into your account with them, whether demo or real, and they are called platforms. Some platforms are more commonly used than others, but most come with all the bells & whistles such as the fib tool. MT4 (MetaTrader IV) is a popular one used by a variety of brokers, and so is Trade Station II. Other brokers may use their own custom platforms.
It’s like you’re asking which mp3 player is playing a song you’re listening to, but any mp3 player will play it.
just open a demo account.
sweet pip is correct, many brokers use mt4, so you could try that. I used oanda before, its software is okay but I guess if you just wanna use it for Fibs, it’ll do.