I find the Fibonacci levels to be the most accurate instrument I ever used on Forex. You can read, for example, this book of R.Fisher about the Fibonacci levels.


There is a very good explanation of the Fibo levels in that book, but there is no exact rules of trading with the Fibo levels, the rules you can find in Masterforex-V books with further explanation why those levels work on Forex.

I’ve read lots of books when I was only starting to trade on Forex, but I never seen any exact rules of using the Fibo levels before. Even those traders who use the Fibo levels in practice could not explain how they use those levels exactly.