The Complete Guide to Comprehensive Fibonacci Analysis on Forex
Product ID: 89598216
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Can trading on forex with just Fibonacci tools be effective and profitable? This book says: yes! In modern conditions, when the currency market is very challenging, traders worldwide need precise and highly effective methods and strategies to profit from their transactions. The vast majority of time-honoured trading systems were developed for the stock and commodity markets, and traders started applying them over time in the forex. Accounting for differences in the pattern of price dynamics and volatility in different financial markets, a trading method proven in the stock or commodity markets may be inadequate to the forex. Inherent differences between the fx and other financial markets give impetus to creation and application of targeted trading systems and strategies that would fit perfectly to the specifics of forex price dynamics. These up-to-date and effective trading methods are discussed in this book. This book encourages the reader to explore a new area of technical analysis - The comprehensive Fibonacci analysis. Despite the fact that Fibonacci tools are widely known as such, the technical analysis still lacks specific rules for their construction and application to integrated trading. This book is the first to provide the unified and correct plans of constructing the basic Fibonacci tools. Further, it describes the rules and know-how of systemic trading based on these tools, so that the trader can use any of them to ensure effective and profitable deals. The most important benefit of this book is the possibility to immediately apply the gained knowledge into practice, specifically: perform a correct construction of Fibonacci tools analyze price changes and conclude on the prospects of further rising or falling prices determine the levels, where to open a buy/sell deal for a particular currency pair about the author: Viktor pershikov, mfta (master of financial technical analysis), is a leading technical analyst in Russia. He is the author of the comprehensive Fibonacci analysis. Unique findings for successful forex trading book. In 2012, he became the first Russian analyst to be awarded "master of financial technical analysis" Degree by ifta (www.Ifta.Org). Mr. Pershikov, mfta, has vast experience in teaching the strategies of technical analysis based on his own educational method and aimed at development of individual views of every trader. According to Mr. Pershikov opinion, individual approach in trading is the priority. Viktor has been trading on the fx market for more than 7 years and his preference is long-term trading on forex. Viktor pershikov, Mata, is a senior financial analyst at instance, a Russian ecn forex broker. He is a member of technical securities analysts association - San Francisco (tsaa-sf) and international Federation of technical analysts (ifta). Review: Honestly, this is a great book! - I don’t leave reviews often. I got this book in the summer of 2019 and when I got it I was intimidated by the content when I glanced over it because it was filled with graphs. I then put the book away to read when I have time to concentrate and didn’t think much about it. Now it’s spring 2020 accompanied by the pandemic and shelter at home orders. So I’ve decided to finally pick up the book and give it a whirl since I’m at home anyway. Let me say that I’ve read numerous books on trading and have been practicing on and off for a few years. So I already do understand the trading basics and have put them into practice. Having said that, this book was one of the easiest trading books for me to comprehend. Every single page has at least one graph that is an example of the set up. I’ve read it quickly and understood everything the author said. I trade for fun. So even when I come across material I find difficult to understand right away, I reread it until I get it. I think I’m the slowest learner when it comes to this subject just because all of the trading and technical concepts were so new to me. I picked up this hobby in my early 30’s. But I enjoy doing this so trying to understand and put things into practice isn’t a chore for me. I also appreciate that the author read many books that I have already, as he mentions them in his material. He used what he learned in them to form his own setups. He also mentions some books I haven’t heard about that I’m definitely going to read now. I would like to know what happened to the author. There’s no trace of him on the internet since 2015, and I would have loved to follow him on social media and his trading concepts. Review: Good book - Despite having only basic knowledge about trading I had no problems uderstanding the concept of Fibonacci analysis and applying it in to real trading.
| Customer Reviews | 4.1 out of 5 stars 17 Reviews |
M**E
Honestly, this is a great book!
I don’t leave reviews often. I got this book in the summer of 2019 and when I got it I was intimidated by the content when I glanced over it because it was filled with graphs. I then put the book away to read when I have time to concentrate and didn’t think much about it. Now it’s spring 2020 accompanied by the pandemic and shelter at home orders. So I’ve decided to finally pick up the book and give it a whirl since I’m at home anyway. Let me say that I’ve read numerous books on trading and have been practicing on and off for a few years. So I already do understand the trading basics and have put them into practice. Having said that, this book was one of the easiest trading books for me to comprehend. Every single page has at least one graph that is an example of the set up. I’ve read it quickly and understood everything the author said. I trade for fun. So even when I come across material I find difficult to understand right away, I reread it until I get it. I think I’m the slowest learner when it comes to this subject just because all of the trading and technical concepts were so new to me. I picked up this hobby in my early 30’s. But I enjoy doing this so trying to understand and put things into practice isn’t a chore for me. I also appreciate that the author read many books that I have already, as he mentions them in his material. He used what he learned in them to form his own setups. He also mentions some books I haven’t heard about that I’m definitely going to read now. I would like to know what happened to the author. There’s no trace of him on the internet since 2015, and I would have loved to follow him on social media and his trading concepts.
R**N
Good book
Despite having only basic knowledge about trading I had no problems uderstanding the concept of Fibonacci analysis and applying it in to real trading.
K**K
the print overlapped on 2 pages making them difficult to read
the print overlapped on 2 pages making them difficult to read
D**E
Interesting content
The book's content is very interesting and is written in a very straight forward way. The quality of the print itself is average, but for me is the content what here matters. Happy with the purchase.
A**R
Amazing
I normally don't bother reviewing stuff on amazon but given this book only had 1 review, at the time I am writing this, I just had to comment. This book is hands down the best trading book I have ever read (and i have read quite a few over the years). You might think you know Fibonacci analysis, but I can tell you, you know nothing until you have read this book. The strategies described are almost to good to be true and within 5 minutes of reading this book you will be able to load up any chart and see price moving around the Fibonacci levels as predicted. This book does not just give you a general description of how to use Fibonacci analysis it gives you actionable defined advise on where to place your entry and stop in order to trade the different Fibonacci levels. PS: I might sound like I am trying to over hype this product, which I guess would seem suspicious, but I am truly just that amazed.
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