Introduction
Now, if you’ve ever tried to make sense of the forex market, you know it can feel like trying to crack a secret code while juggling pineapples. Enter HOW TO MAKE 50 PIPS A DAY IN FOREX MARKET: BEGINNER GUIDE TO FIBONACCI TECHNIQUE OF TRADING LIKE A PRO, an e-book that aims to turn the bewilderment into something a bit more manageable. This book promises a simple, written guide to snagging 50 pips daily by using some clever chart reading and a strategy called the Fibo AB technique—all without needing a degree in economics or heaps of confusing jargon.
Key Features
Let’s unpack what this book offers, because it’s not just about throwing darts at charts and hoping for the best. The author dives into the fundamentals of market movement, emphasizing how news—whether about economies, politics, or global affairs—influences price swings. You don’t have to be an economist; the book breaks down this ‘fundamental analysis’ so you can catch the market’s rhythm like you’ve got a sixth sense.
Then there’s the Fibo AB technique itself. The name might sound cryptic, but it’s really about finding two key points on a chart—point A and point B—to predict where the market might reverse or continue. The author claims this method is more precise than traditional support and resistance tactics, often used by traders. What’s interesting is the focus on “naked charts,” meaning you’re not bogged down with a bunch of indicators cluttering your screen—just pure price action and candle patterns to look for those telltale rejections that signal potential moves.
Also handy is the idea of using this technique for scalping, a fast-trading style, without the typical bells and whistles. Plus, if you hit a snag, there’s a Telegram group linked to the book where you can connect with others using the same approach. Not bad for a free resource.
Pros & Cons
On the plus side, readers appreciate the book’s straightforward approach. One reviewer mentioned how the Fibonacci method described provided sharper entry points, making trades feel more confident and less guesswork. The emphasis on risk management and patience also earns nods—after all, it’s not just about making money but preserving your capital. Another highlight is the book’s accessibility to beginners who might feel intimidated by forex complexity.
On the flip side, a few readers found some sections a bit dense or wished for more examples to clarify the technique fully. Some seasoned traders noted that while the method is promising, it might require practice to get used to trading without indicators if that’s all you’re familiar with. Also, the Telegram group, while a good idea, depends on active participation to be truly helpful.
Overall, a 4.2-star rating out of 5 from 18 reviewers reflects a generally positive reception, with room for some polish.
Unlock Your Trading Potential Now!
Who Is It For?
This e-book is best suited for beginners who want to dip their toes into forex trading without getting overwhelmed by complex software or economic theory. If you prefer learning practical techniques with clear steps, especially those intrigued by Fibonacci levels and naked chart analysis, this might be a good fit. It’s also handy for traders interested in scalping—a quicker, more tactical style—looking for a simple method to lock in consistent gains. However, those expecting a fully comprehensive, all-encompassing forex manual might want to supplement this with other resources as they grow.
Discover Proven Forex Strategies Today!
Final Thoughts
In a market full of noise and confusing signals, HOW TO MAKE 50 PIPS A DAY IN FOREX MARKET offers a no-frills, focused guide to honing your trading eye using the Fibo AB technique. It’s a welcome primer that appreciates the importance of fundamentals, chart reading, and solid risk management without sending you down a rabbit hole of technical clutter. While not a magic bullet, this free e-book lays a foundation that, with patience and practice, could help turn a tentative beginner into a more confident day trader. And really, who could argue with the idea of gaining 50 pips a day? Just remember, in trading as in life, patience and steady effort pay off. So grab your chart, mark those points A and B, and give it a shot.
As an Amazon Associate, I earn from qualifying purchases.
If you are looking for more information on technical analysis, trading advisories, brokers. trading platforms, trading systems, copy trading and more please visit our resources page: