Fibonacci Trading: How to Master the Time and Price Advantage

by Carolyn Boroden

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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.

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All Customer Reviews
Average Customer Review: 4 out of 5 stars

0 of 1 people found the following review helpful:

5 out of 5 stars

Fib Book, 2008-12-12
A very well written book with lots of good examples. I highly recommend the book whether your a beginners and novice.

0 of 1 people found the following review helpful:

5 out of 5 stars

The Real World of Trading, 2008-12-04
In the world of trading, Fibonacci is bandied about as something mystical. It is often oversimplified. Boroden clearly shows the practical application of Fibonnaci time and price strategies in clearly illustrated examples from very short term day trading to longer term position trading. I've been trading 20+ years and used similar techniques taught in the book for most of that time but still I learned something new. There is no way every reader who is actively trading isn't going to get some very useful practical trading strategies from this book. Highly recommended.

1 of 2 people found the following review helpful:

2 out of 5 stars

Pass this up, 2008-11-13
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.

2 of 3 people found the following review helpful:

5 out of 5 stars

intermediate level.-great bookfrom the fibonacci queen herself, 2008-11-07
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 of fibonacci can easily learn it free doing searches on the internet. Add this book and it just gets better. I would like to have the dynamic trader software for the time aspect but still manage to use my charts from FXCM with her methods. This book will greatly add some sound methodology which will add tics or pips to any traders game. Most people do not understand nor want to hear trading is not easy, takes a great deal of pain and hard work to get right. After you learn the methods 90% of trading is self-mastery with 90% of the latter being patience. Having an ability to get up after repeatedly failing and falling flat on your face also helps. If you are looking for a get rich quick scheme, hitting home runs, doing minimal work, and have a low tolerance for frustration then good luck Pal because you are guaranteed to fail at trading...I highly recommend this book without reservation but honestly you owe it to yourself to learn as much about the market as you can because that is what it will take to succeed...that and endurance. Never Give UP!

0 of 1 people found the following review helpful:

4 out of 5 stars

Like Money In The Bank, 2008-10-19
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 already begun to experience true results where it counts with this guide. It has really refreshed my game

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