The New Fibonacci Trader: Tools and Strategies for Trading Success
Editorial Reviews
Book Description
Powerful new strategies and tools from the leading exponent of one of today's most important trading tools
With his bestselling Fibonacci Applications and Strategies for Traders, Robert Fischer established himself as the leader in the Fibonacci approach to trading. This new workbook offers a powerful new arsenal of tools, using step-by-step exercises. Fischer carefully delineates techniques for combining his strategies into precise, reliable, well-disciplined trading tools that enable traders to take advantage of naturally occurring and recurring patterns.
From the Inside Flap
With his bestselling Fibonacci Applications and Strategies for Traders, Robert Fischer established himself as the leader in the Fibonacci approach to trading. Moving beyond the old Fibonacci trader, who had the ideas, rules, and tools on paper, Fischer, with son Jens Fischer, now use computer graphics and calculation technology along with new Fibonacci tools to successfully trade the markets in The New Fibonacci Trader.
In trading the markets it's important to know what to buy, but it's even more important to know when to buy. Accurately measuring price and time signals are one of the best ways you can do this. Now, this groundbreaking book and CD-ROM provide a powerful new arsenal of Fibonacci trading tools and software-WINPHI-to recognize patterns, predict swings, and buck the trend-so you can achieve the highest rate of profitable trades.
A quick recap of the core principles of Elliott Wave Theory and Fibonacci Ratio are discussed to present an overall framework for The New Fibonacci Trader. From here, Fibonacci expert Robert Fischer gets to the heart of the concept by examining six geometrical Fibonacci trading tools:
Along with helpful charts and graphs, The New Fibonacci Trader shows you how to effectively apply Fibonacci trading tools by using state-of-the-art WINPHI software, which is included in the companion CD-ROM.
Used individually or in concert, Fibonacci trading/analysis tools can provide the foundation for sophisticated trading strategies. These concepts are valid for volatile and marketable individual stocks worldwide, and are not just limited to the trading environment of the United States. In both bull and bear market conditions, these concepts work equally well. Many of the tools outlined can be applied to monthly, weekly, daily, or even intraday charts.
Whether you're dealing in stocks, futures, or cash currencies, The New Fibonacci Trader will help you calculate key turning points in the markets, analyze market cycles, and make disciplined trading possible and profitable.
The New Fibonacci Trader: Tools and Strategies for Trading Success
The New Fibonacci Trader: Tools and Strategies for Trading Success,Robert Fischer,Jens Fischer,Wiley,0471419109,Business & Economics,Business / Economics / Finance,Business/Economics,Commodity exchanges,Fibonacci numbers,Finance,Investments & Securities - General,Speculation,Stocks,Business & Economics / Finance,Investment & securities
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