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Books : Fibonacci Trading: How to Master the Time and Price Advantage

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Binding: Hardcover
Dewey Decimal Number: 332.640151272
EAN: 9780071498159
ISBN: 007149815X
Label: McGraw-Hill
Manufacturer: McGraw-Hill
Number Of Items: 1
Number Of Pages: 288
Publication Date: February 25, 2008
Publisher: McGraw-Hill
Sales Rank: 36341
Studio: McGraw-Hill



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Product Description:


Made famous by the Italian mathematician Leonardo De Pisa, the Fibonacci number series holds a Golden Ratio that is universally found in nature and used by architects, plastic surgeons, and many others to achieve “perfect” aesthetic proportions. Now, in this groundbreaking guide, noted technical trading advisor Carolyn Boroden shows you how Fibonacci pattern studies can be used as an extremely effective method for achieving greater profitability in stocks, futures, and Forex markets.



Fibonacci Trading provides a one-stop resource of reliable tools and clear explanations for both identifying and taking advantage of the trade setups naturally occurring in the markets that will enable you to reach the highest rate of profitable trades. Inside, you'll find a unique trading methodology based on Fibonacci ratios, and the author's personal experience analyzing and setting up the markets in real time, which makes this practical volume invaluable to the self-directed investor.



Complete with detailed charts and insightful graphics in each chapter, Fibonacci Trading features:
  • Dependable guidance for determining important support and resistance levels, along with expert advice for using them to maximize profits and limit losses
  • Step-by-step processes for using Fibonacci analysis to predict turning points in the market far enough in advance to generate substantial profit
  • Valuable tips for using Fibonacci analysis to establish optimal stop-loss placement
  • Revealing coverage on how Fibonacci relationships can create a roadmap for the trader based on high percentage patterns


Fibonacci Trading also provides a four-step formula for applying the covered techniques in a highly effective approach. Flexible enough for all markets and trading styles, the formula helps you focus your newly developed knowledge and skill sets into a solid trading methodology, defined trading plan, successful trading mindset, and disciplined trading approach that stacks the odds for profit in your favor.



This hands-on guide is packed with a wealth of actual trading situations, setups, and scenarios that bring the four-step formula to life so you can immediately use it in the real world.





Customer Reviews
Average Rating: out of 5 stars

Rating: 2 out of 5 stars - Pass this up
If you want to learn strategies with Fibonacci, this book is not it. Its just a book of charts of very little substance behind it.


Rating: 5 out of 5 stars - intermediate level.-great bookfrom the fibonacci queen herself
I think some of the other reviewers are a bit harsh when considering this book. It presents a great trading methodology in and of itself. I was already familiar with fibonacci trading and trading convergences already but this book added a great deal to my trading knowledge. I use many of her methods and subscribe to Carolyn's free e-mails and have learned a lot from her. I use the lower level charts from hourly down to the 5 minute and this method works like a charm. Anyone wanting to learn the basics ... Read More


Rating: 4 out of 5 stars - Like Money In The Bank
This book has everything you need to get started in applying the Fibonacci method to futures and commodities trading analysis.But forex is My game I trade only the majors I get incredible results using the daily charts four hour and one hour; I'm still entry-level in trading and feared this would be over my head, but the charts and graphs are helpful and the tone is accessible. I've already read it twice and constantly refer back to it as I work. It takes a commitment (all of trading does), but I have ... Read More


Rating: 4 out of 5 stars - Good book, not for novices.
Traders reading this book should have a basic understanding of technical analysis and charting.

I am familiar with Carolyn's work and this book really does explain 95% of the trading methodology she uses in her trading room.

You do not need the software (Dynamic Trader) mentioned in the book to use her setups. It makes it more convenient (especially the time cycle setups) but any halfway decent trading platform makes it pretty easy to apply the techniques.

As with ... Read More


Rating: 1 out of 5 stars - I feel like I stepped into a PhD program
This book is NOT for the beginner. You have to have the basics of Fibonacci under your belt before you can even have a prayer that this book would be useful. No basics are explained whatsoever. I am returning it.


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script by MrRat

Disclaimer: Futures, forex, stock, and options trading is not appropriate for everyone. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using these methodologies or systems will generate profits or ensure freedom from losses.

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