Newbie under construction

[nence]

When do you actually start to REALLY understand that fibonacci, pivot points, drawing trendlines.... I've read a lot, and I've watched tutorials, and in theory I am familiar with this things... but there is like a gap between what I've read and the actual USING of this things... Does this mean that it is still too early to start trading, or are this things that you start using after you gain more experience?!
Thanks for your help everyone

 

[Pharaoh]

If you want to use fibs, pivots, etc in your trading and aren't sure about how to use them, you need two things:

1. Study - Forex Military School has lessons on all of those

2. Practice - Start with a demo account. Then, once you gain some confidence, set if a 1/cent per pip nano account somewhere.

 

[LoRio]

If you have a grasp on basics:
[video=youtube;dsomgrotZUg][/video]

 

[Pharaoh]

Fibs can be very useful. Be aware of 2 things:

1. The bigger fish in the pond also know about fibs. Think about this when setting your stops.

2. It's a good idea to have a second (or 3rd) technical indicator that backs up fib support and resistance levels. This is covered in-depth in Forex Military School.

 

[LoRio]

Also , prefer playing on the edges.
If if price is between Two major levels wait it out until those levels are reached.