Trading with Fibonacci levels

In his latest spread betting video tutorial John C Burford deals with the basics of Fibonacci theory and how it can help you decide where to enter and exit trades.

Welcome to my latest spread betting video tutorial. This week, I want to deal with the basics of Fibonacci theory - I will explain some more advanced methods in a later video.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.