A secret Fibonacci number? How can that be. Fibonacci has been dead how long? About 500 years is it?
Either way, it was a long time ago and any secret number would have been taken to his grave.
I have a feeling it is 23% and 78%, which I found out from Skim quite a while ago.
Hold up: 5% of the world. There's about 6 billion people in the world so 5% is about 50 million people who know
Hi Paul & Pitbull
"I asked why he doesn't use a broker and he said that with spreadbetting you can alter your stake size to as little as you want. OK fair point, but what about the spreads I said. Dont worry about them, you're position trading over 2 to 10 days"
This statement would have been fine, if he was trading FTSE 100 shares, as the spread is the same as the market, but as he was talking about a US company - the statement can't be true and I agree with all that Paul said
MMA - I am of the opinion of the majority on here that teaching to make $$$ is complete an utter cr*p. My first first impressions of finspreads and the people they employ was not that great either. Would be interested why you think they are going down hill??
When's the course and how much?
OK, on to more serious things now, thats why Ive got up early on a sunday, to do some work.
I am very interested to learn more on using Fibonacci and Elliott Wave for my trading and would be grateful if you give me a few pointers on where to look or whether there are some decent threads on here or other forums. Ive had a search but cant seem to find anything meaningful that I can complement with my strategy.
FS started back in 99 , and I knew them from back then . I got to know head trader stuart lane and then CEO kevin taylor well .
it's a long story but basically , the original group SL , KT, dan benton and a few others broke away from CityIndex . SL in my view was then one of the best dealers around. so at first FS were fairly good .
then as the business built up , so did the cockiness , and in particular - one dealer - fat dave morris. so much did overall standards drop that opinions were hugely divided as to how to improve the service .
KT and SL on one side , the board on the other , no guesses who won , largely also due to the weakness of kt , if he had kept the dealers in line from the start, things would have been ok.
Re: The Course
It will be a course + holiday combined around X'mas time. I'll keep you posted, or you can email me if you want.
as for indicators , less is more . my advice would be to use and know a few indicators as well as you can, rather than researching a whole array of stuff.
I would say maybe 2 or 3 would be sufficient. observe them carefully .
on EW , I'm sceptical about it , especially for shorter term traders.
That link sits on my desktop because I find it just so fascinating - if I'm bored and need something interesting to read I often have a root around there and amaze myself with architecture, nature, etc, all linked to fibonacci.