Basics Of Fibonacci : Price Action Trading Tool

Learn Interesting Facts Of Fibonacci Tool To Trade In Stocks, Forex & in Binary.
Free tutorial
Rating: 4.4 out of 5 (98 ratings)
2,779 students
1hr 1min of on-demand video
English [Auto]

Basics of fibonacci levels.
Analysis of deep pullbacks of market in trend
To identify the trend direction
Difference between reversal and retracement
Managing the trade with fibonacci.


  • Open mind : Mind should focus only on course.
  • Confidence: Confidence that you can change your life.
  • Willingness to learn and earn


Price action trading indicators and tools are the best method of trading. Fibonacci is a price action tool where we analyse the market deep pullbacks i.e we analyse the trend retracement limitation. In this course, we have provided the basic knowledge of the Fibonacci tool.

The first chapter provides basic general information about the History of Fibonacci, the importance of price action and the basics of Fibonacci levels.

The second chapter is based on trend analysis, market moves in 3 types of the trend with that market movement analysis.

The third chapter is based on retracement analysis, Fibonacci tool is mostly used for retracement analysis i.e to analyse till were market can provide a pullback. That analysis of reversal & retracement will help to analyse risk management.

The fourth chapter is based on extension levels, extension levels provide us with a piece of significant information about targets. Analysing the targets with extension levels provides high probability target levels.

The fifth chapter is based on plotting the Fibonacci levels, learn how to plot the Fibonacci on charts with proper depth knowledge.

Then the final fifth important chapter is based on chart analysis, here we have provided some examples of how to plot Fibonacci and how to analyse the extension and retracement in the market.

Who this course is for:

  • Stock Traders
  • Forex Traders
  • Binary Traders
  • Intraday & Swing Trader


Professional Trader & Computer engineer.
Samarth Kolhe
  • 4.2 Instructor Rating
  • 1,624 Reviews
  • 18,773 Students
  • 15 Courses

Hello Traders, I am Samarth Kolhe

I am a Computer Engineer & a professional trader. I have created an indicator and bots for trading.

When I started with my trading journey I was attracted to youtube videos, were strategies based on lagging indicators like RSI, moving average, parabolic SAR and much more. I was fascinated with all these indicators. While watching on youtube it was looking very easy to place the trade but when I use to go on the live market I was making a loss. I learned all strategies of trading on this indicator, but I never got success or we can consistently winning ratio in it. Reading books was a passion, so I founded out strategies from books as well but didn't work for me. I was having lots of market enemies with me like fear, hope, regret and much more. I was not having control over emotions nor on the trading plan.

Then after some time, I thought of doing research and finding something which will help me in 360 direction- to control emotions, to follow rules, to place less no. of trades & mainly trades which I take should be high probability trades.

So I started trading with price action, and price action trading I started first in Binary Option using quaternary rules. Then I started trading in Indian Stocks & Forex. Trading with price action defeated all trading enemies. I am trading with price action for more than 3 years.

We have formed a company called Merchant Tradings- here we are only going to provide a trading strategy based on pure price action.

Course we provide will be highly beneficial for new beginner traders, if they are going to focus only on price action trading they can get proper & high probability trade analysis within 2-3 months. But you just need to decide now that are you a trader to trade with an indicator or with price action. Don't jumble both the trading ways, choose one way of trading and focus on that only.

At end of each course, I have written "Success Is Near", which means anyone can be successful if you put in efforts into it. Efforts, hard work and dedication toward work lead to a path of success.

I will make sure each and every student will get proper knowledge.


Knowledge will never get in vain it will remain with you, with the power of knowledge you have to earn.

My actions are based on the principle that nothing can be gained if one never dares to move forward in taking a risk.

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