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Adding Fibonacci Levels

Technical traders often use Fibonacci retracement levels to identify when to open a trade and where to place stops and limits. In this video, we show you how to add Fibonacci retracement levels to FXCM's Trading Station platform.

To apply Fibonacci retracement levels to your chart, select the Fibonacci tool in the top of the charting window, or right-click on the chart. Select Chart Elements and then select Add Fibonacci Retracement. Then, click and drag from the lowest to highest candle in an uptrend, or from the highest to lowest candle in a downtrend. After releasing the mouse, the settings window appears where you can select your desired levels.

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Educational Videos: All videos are provided for educational purposes only and clients should not rely on the content or policies as they may differ with regards to the entity that you are trading with. Further, any opinions, analyses, prices, or other information contained on this website is provided for educational purposes, and does not constitute investment advice. Friedberg Direct will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

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The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC). Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca.