We study the role of fermionic resonances in realistic composite Higgs models. We consider the low energy effective description of a model in which the Higgs arises as the pseudo-Goldstone boson of an SO(5)/SO(4) global symmetry breaking pattern. Assuming that only fermionic resonances are present below the cutoff of our effective theory, we perform a detailed analysis of the electroweak constraints on such a model. This includes the exact one-loop calculation of the T parameter and the anomalous Zb{sub L}b{sub L} coupling for arbitrary new fermions and couplings. Other relevant observables like b{yields}s{gamma} and {delta}B=2 processes have also been examined. We find that, while minimal models are difficult to make compatible with electroweak precision tests, models with several fermionic resonances, such as the ones that appear in the spectrum of viable composite Higgs models from warped extra dimensions, are fully realistic in a large region of parameter space. These fermionic resonances could be the first observable signature of the model at the CERN LHC.