
where to get free fibonacci stock trading software.?
i have tried jigaro software and that don’t seem to wanna work on my computer. i have tried fibonacci.com but i think what they have for free is pretty crappy.
Most good brokers (ThinkOrSwim, Tradestation, TradeKing, MBT) and even some of the OK brokers (Schwab, Fidelity, Scottrade) have free software in their charting packages that will allow you to draw Fibo lines on the charts.
Over time it’s fairly easy to learn & understand them. Needles to say…. they are a guide…. no decent trader will trade solely off of Fibonacci. I use two other forms of trade confirmation before looking to Fibo charts to make a decision. In fact….. the decision to buy or sell is already made before I see the fibo. All the fibo does is help me narrow down where my trade point is. Fibo will mean more to me when in conicides with VWAP or a pivot point.
Looking for magic software that a novice can use & be profitable in…. does not exist. You will be wasting time & money to achieve a non achievable goal.
Trading requires;
Lots of time.
Lots of effort.
Great trading money management skills.
A trading plan built and executed by you. (this is usually the hardest concept to accept, but trading with other peoples plans simply doesn’t work)
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