日本語
Español
中文
Русский 
Using Fibonacci ratios to manage your trades efficiently
Sponsored by 
Type: Webinar
Expert: Sunil Mangwani, CEO at FibForex123
Moderator: Maud Gilson
Start: Tue, Nov 3 2009, 10:00 GMT
End: Tue, Nov 3 2009, 10:45 GMT
Participants: 38 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.
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.
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.
Donwload hotComm CL |
More information |
Help
