eBook: Trading World Markets Using Phi and the Fibonacci Numbers

The Complete Guide to Fibonacci Trading and Phi by George M. Protonotarios

The complete guide to Fibonacci trading and Phi with reference to Elliott Waves, Dow Theory, Gann Numbers, and Harmonic Patterns, for trading successfully the Global Financial Markets (Forex currencies, Stocks, Indices, Metals, and Energies).

This Book covers an enormous range of trading theories and methodologies involving the Fibonacci numbers and their products. You will find all the basic Fibonacci trading practices and tools based on Fibonacci ratios in it. Phi and the Fibonacci numbers do not form just another tool of technical analysis. Phi proportions are everywhere: in arts, architecture, our DNA’s helix spiral, and even in our nature’s plant formations.

The first chapter begins with the mathematical properties of Phi and several of its applications outside the financial markets. In the next few chapters, you will find information about the Dow Theory, the Elliott Wave Theory, and the Gann numbers. At the end of each chapter, you will be able to detect the correlation of each theory with the Fibonacci numbers. You will learn also how you to use the Fibonacci numbers in order to create a trading system based on Fibonacci Moving Averages (MAs). In addition, you will find information about some popular Fibonacci trading tools such as the Fibonacci Retracement, the Fibonacci Extension, and the Fibonacci Fan. There are two chapters dedicated to Harmonic Trading and Harmonic Patterns. Harmonic trading is one of the most sophisticated trading practices and it is entirely based on Fibonacci proportions. Six basic harmonic patterns are presented with their properties and charts with examples. The last chapter is dedicated to money management and the effect of the irrational brain in our everyday decision-making process.

INTRODUCTION

• CHAPTERS:
1. THE ORIGINS OF FIBONACCI NUMBERS AND PHI (Φ)
2. THE DOW THEORY AND FIBONACCI NUMBERS
3. THE ELLIOTT WAVE THEORY AND FIBONACCI NUMBERS
4. W. D. GANN AND FIBONACCI NUMBERS
5. FIBONACCI NUMBERS AND MOVING AVERAGES
6. FIBONACCI RETRACEMENT AND OTHER TOOLS
8. SIX HARMONIC PATTERNS
9. THE IRRATIONAL BRAIN & MONEY MANAGEMENT
• APPENDIX
1. Dow Jones Industrial Record Highs
2. Heikin-Ashi Charts

By combining the information and tools presented in all chapters you have the chance to build the foundations of a trading system out of chaos. A trading system that can make you less emotional when trading the global markets and significantly improve your odds of winning

Trading World Markets Using Phi and the Fibonacci Numbers

Seven Essential Tips to Trade Forex Effectivelly

TIP (1): Understand What you are Trading

First of all, you need to understand what you are trading. Many investors believe that trading Forex currencies is the same as trading stocks or indices. They are 100% wrong. Trading Forex is a completely different story than trading any other financial market. The Forex market is characterized by 24/5 operation, enormous liquidity, extremely tight spreads, and almost perfect information. The combination of these four factors creates an ideal framework for competitive trading.

Forex is the Most Competitive Market Worldwide

The Forex Market is the most competitive financial market in the world, and this is due to several reasons:

• There are millions of real currency buyers and sellers every single day (banks, importers/exporters, tourists, etc.)

• There are millions of active Forex traders, and a great number of them trades currencies as a day job. Forex traders contribute about 95% of the aggregate market volumes

• There are also thousands of arbitrageurs operating on a daily basis and enhancing further the liquidity of the market

• There are many hundreds of retail and institutional Forex Brokers, NDD (Non-Dealing Desk) or DD (Dealing-Desk)

• The aggregate market volume exceeds 4 trillion US Dollars on a daily basis

• The Foreign Exchange Market enjoys almost perfect information (24/7 basis)

• The Forex majors (EURUSD, USDJPY, GBPUSD, USDCHF) are offered in tiny spreads. It is cheaper to trade these four pairs than anything else in our financial world.

Introduction to The Foreign Exchange Market

The Foreign Exchange Market (Forex) is a global decentralized Financial market where currencies are traded one against the other. The Forex market is a vast financial market, the largest in the world, with daily volumes of more than \$5 trillion.

What is the Forex Market?

Forex is an acronym for FOReign EXchange and it is a global market where currencies are traded one against the other, forming currency pairs (EUR/USD, USD/JPY, etc.). The Foreign Exchange market is not situated at a specific physical location, it is operating without a central service the same way as the world-wide-web (internet). The Forex transactions are placed and executed via the Electronic Network of Banks (ECN) through phone or via the Internet.

## Breaking-Down Volume Activity

The highest daily market activity takes place in the UK (36%), followed by the U.S. (17%) and Japan (6%). The FOREX market operates 24 hours and 5 days a week, from Monday through Friday.

Chart: Forex Market Activity

The Forex Spot Market

The Forex Spot Market was introduced in 1971. Forex Spot or Cash Market means trading at whatever the price is at the moment. Payments for imports and exports of goods and services are made through the Foreign exchange market. This part of the market is called the consumer Forex market. The Forex market consists of many different participants including Central, Banks, Commercial Banks, Investment Companies, Brokers, Commercial Firms, Institutional and Retail Investors, etc.

The Retail Forex Market

The interbank retail Forex market for small speculators begun in 1994. Later, in 1999 FXCM started to break down large interbank units into small units and gave birth to the retail Forex market as we know it today. For the first time, small individual traders had the opportunity to trade in the Foreign Exchange market.

### Online Forex Brokers

Compare Online Brokers for Worldwide Traders: » Compare ECN / STP Brokers

eBOOKTRADING WORLD MARKETS USING PHI AND THE FIBONACCI NUMBERS (2018)

Complete Guide to Fibonacci Trading with Reference to Elliott Waves, Gann Numbers, and Harmonic Patterns