-Fibonacci Trading provides a comprehensive guide to using Fibonacci patterns to improve trading profitability.
- The book is written by Carolyn Boroden, a technical trading advisor with over 20 years of experience.
- The Fibonacci number series and Golden Ratio are explained, highlighting their appearance in nature and applications in various fields.
- Boroden shares her expertise in using Fibonacci ratios for trading, offering a unique methodology based on her experience.
- The book covers identifying and capitalizing on trade setups, with detailed charts and graphics.
- A four-step formula is provided for applying Fibonacci techniques, adaptable to various markets and trading styles.
- Real-world trading scenarios and setups are included to illustrate the formula's practical application.
- The book aims to help traders develop a solid trading methodology, defined trading plan, successful mindset, and disciplined approach.
- By mastering Fibonacci trading, readers can improve their market predictions, stop-loss placement, and identification of support and resistance levels.