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Fibonacci Trading

Fibonacci trading is often proclaimed to be the magic solution to day trading. Many companies sell software and books based on Fibonacci trading. Beware of anything that claims it can make you money instantly even if you have no experience as a day trader. There is no magic solution to anything that doesn't entail hard work and smarts. Whether they're based on Fibonacci trading or not, software manufacturers love to claim that their programs do the work for you. Software does have its valuable applications. For instance, it is a great tool in accumulating and displaying data. With a simultaneous feed, software can display graphs for multiple currencies or stocks. This up to the minute data can be organized by computer programs in a way that is easy for you to read, analyze and then make your decisions. But software can't make your decisions for you. Even software that alerts you to potential trade opportunities still requires that you review their data against the experience, logic and knowledge that a computer can't possibly have. The Value of Fibonacci TradingLikewise, Fibonacci trading can be a useful tool, but it is no match for experience and knowledge. Relying solely on one method or tool to make such important business decisions would be foolish. So many factors influence the market on any given day that it would be impossible for there to be one all purpose solution. And there is no substitute for human logic.

Day Trader Training
Day trader training can be the best investment you make in your family's future. A few years ago I felt like I was one major car repair away from losing my home. Despite our good jobs, my husband a...

Technical Analysis
If you are on the hunt for technical analysis applications with which you can navigate the foreign exchange market, your timing is perfect. To be sure, since the forex opened to smaller investors ...

Stock Trading Software
While reliable stock trading software has long been commercially available, it is only in the last few years that reliable currency trading software has emerged. That is no surprise, as only the l...

Us Currency Exchange
Us currency exchange is needed for individuals who desire to exchange money made in United States of America for money that is created for other countries. It can also apply to people in foreign c...



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