Using Fibonacci ratios to manage your trades efficiently

Expert: Sunil Mangwani, CEO at FibForex123
Moderator: Maud Gilson, Conference Manager

Summary:
Fibonacci ratios are a very popular tool among technical traders and are based on the following series of numbers identified by mathematician Leonardo Fibonacci in the thirteenth century: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc.
Price has an uncanny way of respecting Fibonacci ratios, and it’s worth studying these ratios in detail.
There are different kinds of Fibonacci ratios like retracement, expansions, projections, fans etc, and each of them has a different characteristic and a different use.

Every tool of technical analysis, every method / technique, must be used to manage a trade more efficiently.
This simply means that a trader must have a “Trading Plan”.
I have seen that a Trading Plan is often the thin line between success and failure in the markets and a ‘Trading Plan’ must incorporate the 3M’s (Money, Mind & method… in that order).
In this webinar, we attempt to use the “Fibonacci Method” to enable us to manage our trades.
One must remember that Technical analysis is NOT the trading plan.
Use the tools of technical analysis as a path to manage your trades.

Webinar presented by FibForex123 and FXstreet.com

Comments

[Amol]

Davide,
sunil mangwani is again have webinar on fxstreet for the same subject on 3rd august so be there & ask question him directly.

http://www.fxstreet.com/live/sessions/session.aspx?id=6646e835-3398-4038-9cfe-cc4e4ec7e79e