The Fibonacci sequence is named after Leonardo of Pisa, who was known as Fibonacci. By definition, the first two Fibonacci numbers are 0 and 1, and each remaining number is the sum of the previous two. Some sources omit the initial 0, instead beginning the sequence with two 1s.

Here are few videos listed on Moneyshow.com in talking about Fibonacci’s and how they present themselves in the markets.

Putting An End to Self-Sabotage
“Every time Jack gets ahead as a trader, he sabotages his efforts. It comes about in many ways. He may feel guilty for getting ahead, and so distraught over his success that he doesn’t pay attention to market conditions. This leads to a few bad trades, wiping out a month’s worth [...]

Why Most Traders Lose
One way to change from a losing trader to a winning trader is to change the thoughts that preceded the actions responsible for the losses. It is difficult to alter the habitual thought processes that have embedded themselves deeply in a trader’s personality over a number of years, due to the powerful [...]

A survey of more than 500 experienced futures brokers asked what, in their experience, caused most futures traders to lose money. These account executives represent the trading experience of more than 10,000 futures traders. In addition, most of these Account Executives (AEs) have also traded or are currently trading for themselves. Their answers are not [...]

No Plan, No Rules, No Success
It’s interesting to see that at a time like this, a time of economic concern, a time of confusion, that many people (including traders) get caught up in information that doesn’t serve them in any way helpful.  What do I mean by this?  Well, if you look at most financial [...]

Today we frequently hear stories about traders blowing out their entire accounts or about people who started with 100k only to have it near 20k within a very short period. Time and time again, when I talk to people about trading or my career, I often hear phrases like…

So, what is the first step to change? How can we change our trading habits or any other habit we may have that we aren’t particularly fond of?  What really makes successful traders, entrepreneurs, athletes, and other people successful?, and what did they DO to get there?
Well, if you look at many successful people, traders [...]

Breaking The Habit
What are some of the common trading errors that we all seem to have had, or for some of us, are still having?  Where do errors come from? How do they occur?  Well, we all have habits, and habits tend to occur because of repetition.  Think about anything you do in life.  Most [...]