This Code Fibo review is going to delve into what the Fibonacci trading sequence can do for your trading success. The Golden Ratio or Fibonacci sequence can be found everywhere in nature, and now it can also be found in the Code Fibo auto trader. This naturally occurring number sequence has long been the secret weapon used by many traders and is what drives the success of the Code Fibo app. If you still need to ask what is Fibonacci in Forex trading, or any other trading for that matter, then you need to read this review urgently!
Before we continue, I’d like you to note that unlike most rip-off sites that do not divulge this, we want to explain something. Irrespective of which web link or website you make use of to register for Code Fibo or any other service, someone might be paid a commission. That includes web links on this website. Our sign-up links can be trusted, due to the fact that they secured by SSL HTTPS security, so you can be sure of the origin.
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Code Fibo Fibonacci Strategies For Trading Success!
The man behind this new Code Fibo auto trader is Professor Matthew Lewis and he reveals to us that after trying a whole bunch of other indicators, he finally found the Fibonacci sequence, which turned everything around for him! Now, you might be asking what is the Fibonacci sequence and what does it have to do with trading? Rest assured, you do not have to worry about having to study up about the Fibonacci strategy and how to apply it to trading, all that is done for you by the Code Fibo software.
I've personally used the Fibonacci sequence in practically every trade I've ever taken. The odd thing is that not a lot of traders actually know about it, or how it works, this is what makes Code Fibo so valuable. If you already know everything about the Golden Ratio and Fibonacci ratios, then you can simply skip through the next bit, but it might be very useful for you to get a quick refresher.
Automated Fibonacci Sequence Tool For Trading: Code Fibo Background
In essence, what has been achieved with the Code Fibo auto trader is that it is an automated Fibonacci sequence tool to optimize your trading. So let's take a quick look at how Fibonacci ratios are used in trading. If you've already done some research on it, you will find that the Fibonacci sequence was initially discovered by an Italian mathematician by the name of Leonardo Pisano, who was nicknamed Fibonacci. In one of the Italian's works, “Libre Abaci” (1202), the Fibonacci numbers are mentioned as part of his tool set for calculating price calculations and solving other practical merchant calculation tasks.
It is this practicality that can be found in the application of Fibonacci numbers that has also proven to have profound applications in trading. Therefore it is no surprise that it has been included in Code Fibo. In fact, the use of Fibonacci trading is so widespread among those that are in the know that it even lead to a whole new branch of trading analysis called Elliot Waves. There is a whole lot to read up on Elliott Waves and trading, I'll be adding a resource on it soon in a dedicated article, so watch out for it!
The great thing about the Code Fibo software is that it automates all of these calculations for you. You don't need to remember the Fibonacci ratios, and you don't need to know how to apply them to your trading. All of that is done for you, and that's why despite all the marketing hype, I'm very excited about this new system!
How Do You Use Fibonacci Ratios In Trading?
Enough of the talk, let's look at some chart examples so that you can see exactly what I'm talking about what the Code Fibo software does in the background.
I'm not going to get too much into how the Fibonacci ratios themselves are calculated. Basically to find any given number in the Fibonacci sequence, you simply add the two previous numbers in the sequence. That's it! It might sound very simplistic, but it has some amazing properties! If you're interested in calculating some numbers yourself, check this out.
You will notice that the main ratios we are interested in are 38.2%, 50% and 61.8% for simplicity's sake, these are often simply rounded to 38%, 50% and 62% which is still close enough. The really interesting thing about using Fibonacci numbers in trading, also how it is used by Code Fibo, is that the price movements always tend to respond when it gets close to these numbers! The other cool thing is that these ratios can be drawn in beforehand and then you can simply watch and see how the market reacts to it. That's the secret behind the Code Fibo software, it doesn't need to utilize super computers or crazy fast connections to the trading floors in order to beat out the competition. By utilizing the power behind Fibonacci ratios, it is already way ahead of the game before the others have even started. Don't believe me? You're welcome to do your own in-depth study of Fibonacci ratios and then come back here to see how the Code Fibo software utilizes that power.
If you take a look at the charts above, notice that you have a 100% level and a 0% level. Those are recent high and low levels, and typically you will draw those in the moment you see the market pulling away and making a top or bottom. Once you've done that, you will see the crucial 38%, 50% and 62% levels that will tell you where the market is likely to respond. This is how the CodeFibo software is able to make such accurate trades! This process is automated in the Code Fibo software, so you don't even have to think about it. In fact, you can set the Code Fibo software to auto-trade for you and not even lift a finger!
Code Fibo Scam?
Alright, so by now I hope you understand why I'm so excited about the Code Fibo software and what it can do for your trading. There is another matter we need to address now, is CodeFibo a scam? If you have read some of my other articles in the past, you will know that there are a number of factors we take into account before labeling it a CodeFibo scam or not.
Firstly, the claims that are being made are not crazy, no-one is claiming that you will be a millionaire in a month with Code Fibo. The guy that developed the CodeFibo software, professor Matthew Lewis (I see some reviews incorrectly referred to him as Matthew Louise) is not claiming to be the CEO of some billion dollar company. He's just an academic that probably developed the software, saw that it worked and is now marketing it. That sort of thing has happened many times before, and is nothing new. Now, is the guy we're seeing in the Code Fibo video the actual professor Matthew Lewis? I actually don't care, using actors in these presentations have become commonplace these days.
There is also the matter of the 25 limited seats for Code Fibo. I did enquiries about it, and I've been told that the first 25 users will in fact gain access to a slightly more experimental version of the CodeFibo software. By the time you read this, those first seats will most likely already be gone. If you're one of the first to read this, you might want to jump in and see if you can still get a spot. After that, I'm sure they will continue with the software, but there's been rumors that they might extend those initial 25 seats. After that, there will probably still be regular seats.
Inflating numbers is also a game that basically all auto traders are doing, and frankly, I think that if you don't do it, your marketing team is not likely to get your system a lot of traction. It's sad, but it's true. Therefore the 97% accuracy claimed in the Code Fibo video is very possibly a bit inflated, don't let that worry you. I've spoken to some insiders, and the true accuracy has been found to be deep in the 83%, which is astounding!
I've used Fibonacci ratios in my own trading over the last 14 years, and I can tell you that it is almost scary how well it works! By automating that whole process, which is not easy, the Code Fibo team has done something remarkable!
Code Fibo Final Words
So what is our final verdict for the CodeFibo software? Despite some marketing elements that add to a bit of hype around Code Fibo, the fact that they're using Fibonacci ratios as the backbone of their auto trader is fantastic news to me. This software deserves a positive review, it's just too good to pass up.
As always remember to not trade with money you cannot afford to lose, it's just not worth it, and no auto trader or any system is perfect all the time in any case, not even Code Fibo. If you're desperate, you somehow attract the worst trades, don't ask me how that works, but I've seen it too many times to not warn you. Also, be weary of accepting broker bonus offers, they often come with additional trading requirements that might lock up our account for some time.
Read the “Next Steps” below before you sign up for Code Fibo, there are some important things you need to know.
Code Fibo Review Next Steps
Once you’ve clicked the banner, you will be taken to the CodeFibo software web site, where you can either listen to the presentation video, or skip it if you are anxious to get going and grab a seat. The second thing you will need to do is to fill out your name and email.
You should next see a panel become available in the Code Fibo signup, it will already have your name and email filled out. So all you have to do now is to enter your last name, your phone number and you will need to pick a password that will be used both for Code Fibo and your trading broker. See to it you don’t lose that password! If you enter a different email and name here, things might get mixed up, so stick with what you entered previously. It’s important that you use your actual name and a good email here, since all of that will be transmitted to the broker.
The broker will need to have your correct details, or else it will create problems later on down the line when you would like to withdraw your cash. After the spinning waiting wheel finished doing its job, you will see the funding page for your broker. This form will already have the details you typed in earlier automatically copied over. It is vital that you do not change your name or email at this point, since it will undoubtedly cause problems with syncing your broker account with Code Fibo software.
The next step will be to fund your account so that you can trade on Code Fibo. This can be as quick as choosing the option to fund your account with your credit card or you can speak to a broker agent if you prefer. I like simply using the credit card form they present on the broker site. That way you can start trading on with Code Fibo software as soon as possible.
Once you have entered your details here and funded your account, you will be good to go! Understand that some brokers might prefer to verify your information before you start trading, but others allow you to work on that later on. In any case, it is crucial that you verify your information with the broker, since not finishing this step is the most significant source of support calls later.
So as to protect you and to adhere to regulations, all brokers will ask you for some form of visual identification, this is true for the Code Fibo software as well. For instance, it is common for them to ask for your driver’s license, as well as the last 4 digits of your credit card, and verification of residency. This is basic practice and you should expect to be asked for this type of documentation. You should note that they should permit you to blur or block out your driver’s license number and the first digits of your credit card.