Only someone who is both a successful trader and a successful writer
could pull off what Constance Brown has accomplished in this book:
distilling Fibonacci analysis to two hundred or so comprehensive,
clearly written, eminently practical pages.
Brown knows exactly what a professional trying to come up to speed on a
new trading tool needs and she provides it, covering what Fibonacci
analysis is, how it works, where it comes from, pitfalls and dangers,
and, of course, how to use it. Basic trading strategies are touched upon
in virtually every chapter.
Fibonacci analysis is one of the most popular technical analysis tools,
yet it is often used incorrectly. Brown quickly clears up common
misconceptions and moves on to show, step by step, the correct way to
apply the technique in any market.
Those with Fibonacci analysis software will learn how to use it with
maximum effectiveness; those without will chart the market the
old-fashioned way. All will find answers to the trader's most important
questions:
- Where is the market going?
- At what level should my stop be entered?
- Based on the size of my trading account, how much should I leverage
into a trading position?
- Can I tell if I am in trouble before my stop is hit?
- How much should I buy or sell if given a second or third opportunity?
Occasional references to other tools--including Elliott Wave, W.D. Gann,
and candlestick charts--and an extensive bibliography make this book
richer for accomplished technical analysts without confounding the less
experienced. Plentiful real-life examples and dozens of carefully
annotated charts insure every reader will get maximum value from every
minute spent with this book.
Gold Medal Winner (tie), Investing Category, Axiom Business Book
Awards (2009)
Winner: Book Series Cover Design, The Bookbinders Guild of New
York/2009 New York Book Show Awards
