Forex: How to trade with fibonacci tool?

Who is Fibonacci?
He's real name is Leonardo Pissano Bigollo. He is the one responsible for leaving his legacy in the financial markets through a tool called Fibonacci.

What is it and how to use in Forex trading?
Have you ever heard of Fibonacci Tools and how to use it in forex? It is a technical trader's toolbox and is used for taking trading decisions. With this tool, they can decide whether to enter a trade or placing a take profit zone.

What are the normal Fibonacci levels?
0%
38.2%
50%
61.8%
100%
121.8%

What are these levels?
Traders are very aware of these levels as they think that it is a potential zone for support and resistance area. Most traders watch the fibonacci retracement of 50% and 61.8%. Their trading theory is that at these levels, the price are likely to reverse as a result from a study from the previous price action history. I suggest that you try it yourself first in a demo account before trying these method. Furthermore, if you already have a profitable trading setup of your own, just stick with it.

Have anything to share?