Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Fibonacci Retracement : Simplified
    Fibonacci Retracement : Simplified
    Fibonacci Retracement : Simplified
    Ebook48 pages39 minutes

    Fibonacci Retracement : Simplified

    By Sankar Srinivasan

    4/5

    ()

    Read preview

    About this ebook

    Unlock the secrets of Fibonacci retracement and revolutionize your trading strategy with this comprehensive guide! Are you tired of complex trading theories that leave you feeling overwhelmed and confused? Look no further! In "Fibonacci Retracement: Simplified" we break down the intricate world of Fibonacci retracement into easy-to-understand concepts that anyone can grasp.

    Discover how to identify potential support and resistance levels in a price chart with precision using the power of Fibonacci retracement. Whether you're a novice trader looking to enhance your understanding of technical analysis or an experienced investor seeking to refine your trading strategy, this book is your essential companion on the path to trading success.

    Inside, you'll find:

    - A beginner-friendly introduction to the Fibonacci sequence and its relevance in financial markets.
    - Step-by-step guidance on calculating Fibonacci retracement levels and applying them to your trading charts.
    - Practical examples and real-world case studies to illustrate the effectiveness of Fibonacci retracement in identifying trading opportunities.
    - Advanced techniques and strategies to take your Fibonacci analysis to the next level.
    - Common pitfalls to avoid and expert tips for integrating Fibonacci retracement into your trading plan seamlessly.

    With its clear explanations, actionable insights, and practical advice, "Fibonacci Retracement: Simplified" is your go-to resource for mastering one of the most powerful tools in technical analysis. Say goodbye to guesswork and hello to confident, informed trading decisions!

     

    Fibonacci Retracement is a ideal tool for intraday currency trading. But, you can experiment small cap share trading in intraday. "Fibonacci Retracement: Simplified" is a comprehensive guide for currency traders who want to master the trading without technical analysis. Written by Sankar Srinivasan, a certified market professional of the National Stock Exchange of India, this book explains how to use Fibonacci retracement, a popular trading tool based on simple mathematical calculations.

     

    Read it and mail me with proof of this purchase, and get excel sheet with readymade calculations, to take immediate trading decisions. It is ideal tool for EUR/USD, GBP/USD, USD/JPY & USD/INR.

    LanguageEnglish
    PublisherSankar Srinivasan
    Release dateNov 12, 2015
    ISBN9781311211880
    Fibonacci Retracement : Simplified
    Author

    Sankar Srinivasan

    Sankar Srinivasan is having more than 10 years experience in Technical Analysis and Online Trading.  He is conducting Technical Analysis and GANN Theory Classes for Online trading. He is heading a sub-brokership for Global Forex and Indian Stock Trading.  He provides technical guidance to lot of Stock, Commodity and Forex Traders in South India.  Moreover, He is a National Stock Exchange of India’s Certified Market Professional.

    Read more from Sankar Srinivasan

    Related to Fibonacci Retracement

    Related ebooks

    Foreign Exchange For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      How Investors Can Prosper With Technical Analysis

      Feb 6, 2019

      Many investment advisors and money managers have a little secret. They will proudly tell you that they rely heavily on fundamental analysis, carefully weighing earnings, market share, competitive environment and demographic trends to select the best

      5 min read

    • Article

      RSI Alone Not Enough

      Sep 18, 2020

      oscillators, such as the relative strength index (RSI) and stochastics, are often used as signals for overbought and oversold zones. Let’s use the RSI as an example. Generally, an RSI set on 14 days is considered over-bought above the 70 level, but t

      1 min read

    • Article

      The Magic of Moving Averages

      Jan 31, 2019

      When price charts begin to look like jagged mountain ranges, it can be hard to map out which way stocks are headed. Enter the simple moving average. The tool is a staple of technical analysis--the practice of determining the direction of stock prices

      2 min read

    • Article

      Technical Analysis Tools For Long-term Investing

      Oct 30, 2020

      in the 22 October issue of finweek, I wrote about how I am trying my hand at trading local equities for the first time in over a decade. Some aspects of my index trading have helped (discipline and risk management), but stocks are more volatile and n

      2 min read

    • Article

      Are You Gambling or Investing? Here’s How to Tell

      Mar 2, 2021

      Investing in the stock market over many decades offers most people an incredible opportunity to build wealth. Does that surprise you? If so, you’re not alone. Over the course of my career as a financial planner, I’ve found that many people look at th

      4 min read

    • Article

      Discipline Goes A Long Way

      Mar 31, 2022

      The life of a trader is not what most of us might imagine it to be – that is, glamorous, exciting and paved with gold. More likely it is solitary, private, a bit boring and, when done right, provides a living. We could all be traders. We could all be

      5 min read

    • Article

      He Learned to Trade for Profit - and Can Teach You, Too

      Jan 31, 2019

      Raymond Rondeau, 55, of Exeter, R.I., is a trader, president of the New England American Association of Individual Investors chapter, and creator of AAII's new course, "Investing Strategies and Technical Analysis." When did you start trading? I began

      2 min read

    • Article

      Learn How To Spot A Rip-off

      Feb 24, 2021

      Learn How To Spot A Rip-off
      3 min read

    • Article

      How to Make Market Volatility Work for You

      Apr 5, 2018

      There are more certainties in life than just death and taxes. For instance: If you invest money in the stock market, you certainly will face market volatility now and then. Periods of high volatility are normal. Investors need to understand that life

      4 min read

    • Article

      Maintaining A Recovery?

      Jan 22, 2021

      Maintaining A Recovery?
      1 min read

    • Article

      Change In Sentiment

      Oct 2, 2020

      Change In Sentiment
      1 min read

    • Article

      Breakout Is Possible

      Jan 10, 2020

      Breakout Is Possible
      1 min read

    • Article

      Trading Techniques... Riding Elliot Waves

      Nov 5, 2021

      One trading technique that has achieved a cult-like following in recent decades is Elliott wave theory. Developed by the accountant and consultant Ralph Nelson Elliott, who first published his ideas in 1938, the basic idea is that markets, like all h

      1 min read

    • Article

      What I Learned from Losing $200 Million: The 2008 financial crisis taught me about the illusion of control, and how to give it up.

      Dec 24, 2015

      I’d lost almost $200 million in October. November wasn’t looking any better. It was 2008, after the Lehman Brothers bankruptcy. Markets were in turmoil. Banks were failing left and right. I worked at a major investment bank, and while I didn’t think

      15 min read

    • Article

      How to Handle a Bear Market

      May 7, 2020

      There's a reason bear markets are often referred to as panics. This one may turn out to be short, but no one can say it hasn't been severe, with investors not only worried about financial security, but about their very lives. The worst thing you can

      2 min read

    • Article

      What Is Forex Trading?

      Mar 1, 2022

      What Is Forex Trading?
      6 min read

    • Article

      Rogue Trader

      Jun 5, 2020

      Rogue Trader
      10 min read

    • Article

      The Explainer

      Jan 4, 2022

      The Explainer
      3 min read

    • Article

      In The Real World, Numbers Don’t Tell The Whole Story

      Dec 2, 2020

      When I was at UBS Phillips & Drew stockbrokers in London, in 1985, we had a daily morning meeting with a room full of 200 equity dealers, and analysts would speak at a microphone. This “show” was as close to being a pop star as a nerd could ever get.

      3 min read

    • Article

      The Fibonacci

      Nov 4, 2019

      The Fibonacci
      2 min read

    Related categories

    Reviews for Fibonacci Retracement

    4/5

    8 ratings1 review

    What did you think?

    Tap to rate

    Review must be at least 10 words

    • 3/5
      Thanks for highlighting his other work but since you brought up his book, it would be pertinent to quote what he wrote in his book Liber abaci..

      Fibonacci was translated the Sutras of Pingala (c.3rd century CE) and his commentator Virahanka who derived "Fibonacci Series" several hundreds of years before Fibonacci was even born, Fibonacci himself called it simply the Indian Series.

      Source : English translation of introduction to Fibonacci's book "Liber Abaci". Published in the scholarly journal Reti Medievali Rivista by Giuseppe Germano (2013)

    Book preview

    Fibonacci Retracement - Sankar Srinivasan

    Introduction to Fibonacci Retracement

    In the big world of money and trading, people use lots of tools to figure out how prices are moving and what might happen next. One tool that lots of traders really like is called Fibonacci retracement. It's based on something called the Fibonacci sequence, which is a fancy math idea used in lots of different areas, including money stuff.

    This book is all about Fibonacci retracement. We're going to talk about where it comes from, how it works, and how you can use it to make smart decisions when you're trading. And don't worry, we're going to keep it simple and easy to understand. We'll even show you some real-life examples to help you get it better.

    Now, let's start from the beginning.

    About Leonardo Fibonacci

    Who was Fibonacci?

    Leonardo Fibonacci Pisano, was Italian mathematician born in Pisa during the Middle Ages. He was renowned as one of the most talented mathematicians of his day. The name Fibonacci itself was a nickname given to Leonardo. It was derived from his grandfather’s name and means son of Bonaccio.

    While most attribute the Fibonacci sequence to Leonardo, he was not responsible for discovering the sequence. In 1202 Leonardo published a book called Liber Abaci. In it, he derived a method for calculating the growth of the rabbit population.

    Suppose a newly-born pair of rabbits, one male, one female, are put in a field. Rabbits are able to mate at the age of one month so that at the end of its second month a female can produce another pair of rabbits. Suppose that our rabbits never die and that the female always produces one new pair (one male, one female) every month from the second month on.

    The puzzle that Fibonacci posed was...

    How many pairs will there be in one year?

    At the end of the first month, they mate, but there is still only 1 pair.

    At the end of the second month the female produces a new pair, so now there are 2 pairs of rabbits in the field.

    At the end of the third month, the original female produces a second pair, making 3 pairs in all in the field.

    At the end of the fourth month, the original female has produced yet another new pair, the female born two months ago produces her first pair

    Enjoying the preview?
    Page 1 of 1