Fibonacci Strike Review

Tom is a professional forex trader who has made his way into the forex education industry.  He first released his forex trading signals service which is still available on the market and costs from $297 per month to upwards of $997 per month, depending on how many forex pairs you wish to receive signals for. Just to provide some figures on the types of returns that Tom’s signals have been generating, below is what has been obtained recently (The figures are taken from Tom Strignano’s Signals Service Website):

• October 2009: 2479 PIPS made
• September 2009: 1993 PIPS made
• August 2009: 2572 PIPS made

With results like these, its no wonder traders are willing to pay close to $1,000 per month for Tom’s Signals.

And just last year, he made private coaching sessions available to 50 lucky people. The slots sold out in 3 days and customers paid $5000 for them.

Fibonacci retracements are based on mathematical numbers that repeat themselves and attempt to measure the likely points that a currency pair will retrace, or pull back to within a range.

Now while I’m not about to get into the mathematical system that it uses(Boring!) I will let you know that you can use a charting software with the Fibonacci function, or simply let your forex firm help with your charting.

Also, note that Fibonacci retracements can be used in both bull (uptrend) and bear (downtrend) markets. You will need to look for retracement levels and use them with candlestick patterns to confirm your trades.

This is a video, which shows you what Fibonacci technique really is and how it can be best used. It is quite old video, but I believe you can really benefit from it.

Another interesting article that I think provide great value for people who are still learning forex trading.

A trend simply represents a general direction of a market.

There is a physical law stating that an object in motion tends continue in that motion until some extreme force causes it to change direction. Price trends are no different. A strong price trend will continue it’s current direction unless there is a price reversal indication, that will show up in your technical analysis-or even in fundamental analysis. That is pretty straight forward, isn’t it?

There are 3 phases of major trends that you should be aware of in your analysis: Accumulation, public participation and distribution.

The accumulation phase is the first part of the trend which represents those who are well informed that will buy or sell.

Meaning simply that if the well informed or more seasoned, experienced traders recognize that a current downward trend is coming to an end, then they would buy-or vice versa.

The public participation is essentially when the masses would recognize the same and follow suit.I bet you know what the third phase is gonna be.

The third and final phase- the distribution phase- occurs when everyone else catches on and public participation increases even further. It is at this point that the well informed, seasoned investors who accumulated during the accumulation phase would begin to sell, or vice versa. That should give you a pretty clear idea how forex trends work.

Here is a link to a video by youtube user Rockstar. He outlines the basics of Day Trading, Showing how an average Joe can open an account with 5-20k and make $500-$1000 a day trading the market. Will show you how i do it, and answer any questions you have. Each day.