Candlesticks Fibonacci

Strategy to Enhance Profit and Reduce Risk

Some rules that can help investors improve their investment decisions.

- Know Yourself

- Put Your Ego Aside

- Hoping and Praying Do Not Guarantee Success

- Investors Must Learn to Live with Losses

- Never Double Your Losses

- Know Your Pain Level

- Diversify the Risk

- Making Money by Trading Is Hard Labor

- Intuition versus Execution of a Tested Trading Concept

- The Importance of a Trading Plan

- Feel Comfortable with Your Trading Strategy

- Nothing Is More Important than Discipline

- Value of Available Trading Concepts

This eBook contains of few chapters such as Trading Psychology, Magic Figure, Basic Principles of Trading Strategies, Application of Trading Strategies, Ellipses and Merging Candlesticks.

Double top and double bottom formations are the most common reversal patterns. If double top formations occur after an uptrend, they are called “M” formations; after a downtrend, double bottom formations are called “W” formations.

Although most traders are familiar with these two chart patterns, it is helpful to study them because the basics covered here are applicable to more complex strategies later on. For example, tops and bottoms are very important when working with Fibonacci price

corrections.

Happy Profit and stay tune!