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Understand & Use Fibonacci Ratios Effectively

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Type: Webinar


Expert: Sunil Mangwani, CEO at FibForex123
Moderator: Maud Gilson
Start: Mon, Oct 20 2008, 10:00 GMT
End: Mon, Oct 20 2008, 10:45 GMT
Participants: 37 pre-registered participants

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.
One of the remarkable characteristics of this numerical sequence is that each number is approximately 1.618 times greater than the preceding number.
This common relationship between every number in the series is the foundation of the common ratios used in technical analysis.
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, retracements, expansions, projections, fans etc, and each of them have a different characteristic and a different use.
Learn these ratios and their individual uses in detail.

Who is Sunil Mangwani?

Sunil Mangwani was key speaker at the FXstreet.com International Traders Conference in October 2008 - Barcelona.

Sunil Mangwani is a Physics graduate with a Diploma in Financial Management. He has been trading the forex market for the last 6 years and devises simple trading strategies based on his vast knowledge and in-depth study in the field of technical analysis. He has worked as content provider and article writer with different websites such as surefire-trading.com, TradinStrategies.info and GuppyTraders.com. He has also developed video modules on specialized topics, and has contributed technical articles to different magazines like “Traders” & “The Trading-Journal” & also to the educational sections of websites like Trade2Win. He is registered as a “Pre qualified trainer for trading the Currency markets” on the “Global Expert Base”. He participates in various conferences / trading expo’s such as The “Asian Trader & Investor Convention” at Mumbai, ( India) or The International Traders Conference (ITC) 2008 in Barcelona (Spain). He also conducts specialized workshops on technical analysis for select group of traders all over the globe.

He is a consultant to the Multi Commodities Exchange of India, through their associated firm for research & technical analysis - FT Knowledge Management Company. He is associated with “Options University” in Florida, USA and conducts courses on technical analysis for their members.

In his years of trading and experience of teaching technical analysis, he realized that applying technical analysis is not enough to be a successful trader. One can be successful in this exciting, fulfilling and yet demanding business, if and only if, one has a definite plan on how to approach the market. If a trader has an iron clad “Trading Plan” with the 3M’s Method, Money, and Mind, it automatically puts the trader into the top 15% bracket of the winners.

He now conducts special coaching for developing specific trade plans at Fibforex123.com. His vast repertoire of services on this website also includes Live Trading room training, special webinars on educational topics & advanced trading strategies.

Blog: Forexology


Software instructions
HotComm is the multimedia communication tool we will be using to host our New Live Market and Education Sessions. With hotComm you will be able to hear our expert comments dissecting a trade while they show you the graphic resources and the steps they use in their daily trading. This is a fully collaborative tool, so don't hesitate, interaction will be the key to success, by sending your live questions to the experts.
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