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Buy this book with Elliott Wave Principle: Key to Market Behavior (Wiley Trading Advantage) by A. J. Frost today!

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Book Description
This booklet is a primer on Fibonacci numbers and is intended to give the reader an initial acquaintance with the concepts of the Fibonacci number sequence and to provide some historical background. It gives the reader an idea of how Fibonacci concepts and ratios are used by stock and commodity traders and analysts, and informational sources, with accompanying comments on the ones Dobson considers most worthwile for the Fibonacci student interested in applying the concepts to trading stocks and commodities.

It is not intended to give complete and comprehensive coverage to this fascinating subject. This would be impossible in such a limited space. The primary emphasis is not on the profound influence Fibonacci has had in art, architecture, geometry, mathematics and other areas, but on how the trader of stocks and commodities can put this information to practical use.

I am grateful to my friend, Robert Prechter, one of the most knowledgeable "Fibonacci Disciples" I know, for his permission to borrow from his thought and work in composing this booklet.

About the Author
Ed Dobson started trading stocks in junior high school in the 1950s and moved on to futures in his senior year of college in 1966, losing $8000 of 80 cents-per-hour work money my initial payment to the school of hard knocks.

After serving in the Army in Vietnam, he joined Gerald Gold, author of one of the few books available on futures trading at the time, in 1970. Dobson was interested in spreads, but nothing had been published on that subject. He dug out price data in newspapers and charted spread differentials by hand at the library, mostly for his own benefit.

After moving back to South Carolina, he was a broker for Harris, Upham and later Paine Webber. He worked as a broker for 22 years and retired to writing books and managing TRADERS PRESS.

In 1975 he decided to publish his first book. It was on spread charting and was used to solicit leads. At that time, TRADERS PRESS was born. In 1979, an update of that book, a collection of Comtrend charts and The Trading Rule That Can Make You Rich* followed.