Forex
 
 
Home
About us
Forex Resource
What is forex  
How does forex works
FAQ
New to forex trading
Technical Analysis
Fundamental Analysis
Major Indicator
Forex vs Stocks Market
Forex Glossary
Contact us
Sitemap
Currency Converter
Others**
Domainji.com  
Snaidu.com
Snaidu.us
Ommail.com
**
 

Informative Articles**

Forex And The Anatomy Of An Elliot Wave

As you enter the world of Forex you will immediately feel the basic need all Forex traders have: A method or technique to forecast the market behavior with the highest possible accuracy.

There are a number of methods and techniques that traders have researched through the years with this goal in mind. These techniques are based on different indicators and approaches to trading, and each one has had its own successes and positive outcomes when applied to specific market conditions, but there is no doubt that among the most successful of these techniques you will find Elliot Waves as one of the best concepts and methods you can learn.

Ralph Nelson Elliot observed that the markets have strong trends that seem to follow a repetitive pattern in all the different time frames you can trade and after analyzing a great number of charts he discovered in the late 1920's that the markets move in a repetitive manner far away from a totally chaotic behavior.

He divided market movements into trends, corrections and sideways movements. With these distinctions being made he then assigned a wave terminology to these

periodic movements; he called the trend movement an Impulsive Wave and a correction a Corrective Wave.

In order to have the formation of an impulsive wave we need five constituent waves "inside" this wave. This will be three waves in the direction of the trend and two corrections against the trend.

But considering the fractal nature of the waves found by Elliot, then each of the smaller impulsive waves will have itself other five waves "inside".

In the case of the corrective waves they will be formed by other three smaller waves. Two in the direction of the correction and one in the direction of the trend.

Considering the repetitive nature of Elliot Waves you can make a pretty accurate forecast of what the markets will do next, with the huge advantage this represents in your daily encounters with the currency markets.

About the author:

Adrian Pablo is a freelance writer with articles published in a number of places. Get a free report on Fibonacci Trading and learn more about the world of trading , visit:

http://www.1-forex.com
 
E-gold Investing: Make Money With Currency Trading
Many people are already starting to pay attention to the newest online trend: E-gold investing. E-gold investing is a all about a system that allows you to profit from the money that is being traded everyday on the internet. What you're...

Energy Prices, Inflation and Forex
Oil futures surged to a record intraday high of $70.85 on August 30th, the day after Hurricane Katrina made landfall on the Gulf Coast. While prices have moderated in subsequent weeks, it's worth examining how higher commodity prices and the...

Forex Made Easy for Everyone
Forex made easy is as simple as you would want it to be. The foreign exchange market is a worldwide market and according to some estimates is almost as big as thirty times the turnover of the US Equity markets. That is some figure to chew on. Forex...

ForexInterBank Forex Trading Course for Day Traders and Small Investors Focusing on Forex Pivot Point Trading
More and more day traders and small investors are turning to the foreign currency exchange market and for a number of good reasons. "The spot forex market provides them the means to invest without concern for liquidity or market manipulation," says...

The Benefits Of Trading The Forex Market
Historically, the FX market was available most to major banks, multinational corporations and other participants who traded in large transaction sizes and volumes. Small-scale traders including individuals like you and I, had little access to...

 
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest / trade in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading.

**
The Views and opinions represented in the provided website links and resources are not controlled by the Referring Broker or the FCM.  Further, the Referring Broker and the FCM are not responsible for their availability, content, or delivery of services.