The Truth About Fibonacci Trading by Bill Poulos is a new addition to my collection of the Forex trading books. It’s a rather short e-book starting off with explaining the basics of the Fibonacci numbers and retracement levels and finishing with the real chart examples of both the Fibonacci retracement and extension levels. It helps you understand how to apply the Fibonaacci levels in your trading and what you should and shouldn’t be doing with them. As the author says Fibonacci levels are useful tool but traders shouldn’t rely solely on them. You can download this book for free:
If you have any questions or interesting thoughts regarding Fibonacci trading, please, feel free to reply in comments.
May 23rd, 2009 at 1:03 pm
Hahahaha.. Now.. Confusing me… how to use the Fibo in the right way.. And I saw in this ebook use a different way with you admin.. where the 0%&100% located..
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Andrei Reply:
May 23rd, 2009 at 1:25 pm
Those are different ways of placing the beginning and the end levels. In http://www.earnforex.com/fibonacci_calculator.php I offer both.
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