(PRWEB) March 28, 2005
The use of Fibonacci numbers in trading can be a powerful asset. For most traders, the meaning of these numbers and their use are either misunderstood or left unused. Leonardo Pisano discovered a mathematical sequence of numbers with predictive value throughout nature. Fibonacci numbers start with 0 + 1 and then progress by adding the last two numbers in the sequence. A prominent ratio develops from these numbers, simply by taking the ratio of two successive numbers and then dividing each by the number before it. This ratio is roughly 62%.
The power of using Fibonacci numbers in charting is best realized on strategies that concentrate exits and entries based on price pullbacks. This is because you can use Fibonacci tools to not only ascertain good entry points, but exit points Â because Fibonacci Trading can be one of the more accurate methods of determining price projections. Learn more http://tinyurl.com/5vh3v
With over 20 years experience in the markets Hughes has gone to great lengths to make Fibonacci trading easily understandable for the average investor. Starting with the basics and gradually advancing through each step using charts displayed on his computer screen, students will quickly see how he applies the techniques. ÂFibonacci analysis is a leading indicator. What this means is that my video seminars will teach how to determine the probable turning points in the market before the price gets thereÂ says Hughes.
Topics covered in the course include: How to calculate probable future turning points, All about retracements: what, where and why, Extensions and expansions for taking profits, Entry and exit levels, and stop placement levels, Where buyers are likely to support the market, Where sellers should be taking profits, How to apply Fibonacci analysis to the market, Where the high probability trades are, How to adjust for all time frames and all markets and much more.
For more information please visit http://tinyurl.com/5vh3v
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