Investors who use Elliott wave analysis know that the main price trend of a financial market subdivides into five waves. Also know that wave 1 and wave 5 are often approximately equal in length. That knowledge helped the Global Market Perspective, a monthly Elliott Wave International publication that covers 50-plus financial markets, make a successful call on the U.S. Dollar index. The November issue showed a monthly chart which dates back more than 14 years
Why the Japanese Yen’s Bull Run REALLY Ended
September 12, 2015 by Leave a Comment
Back in 2012, the yen looked like the strongest monetary unit in the financial universe, standing at an all-time record high against the mighty U.S. dollar, the world’s “reserve” currency. Flash ahead to now (circa September 2015), and the yen is down 30% whilst clinging to its lowest level against the dollar in 12 years. So, what changed?
The U.S. Dollar’s 2014-2015 Rally
July 4, 2015 by Leave a Comment
Let’s look at the 2014-15 Dollar rally and how the Elliott Wave Principle applies to Currencies and Foreign Exchange (Forex). I always say trading forex markets is like riding a bike — except that said bike has one flat tire and the ground beneath it is covered in ice.
So why is Forex so popular, you might ask? In fact, forex is the most liquid market on earth, where trillions of dollars change millions of hands every day.
The reason people are so willing to ride that bike — so to speak — is because if you can stay on, the rewards are often unmatched. The trick, of course, is staying on.
Educate Yourself about FOREX
September 30, 2013 by Leave a Comment
With the increasing popularity of online Forex trading you may have considered investing in this field. But before you start, you need to understand all the risks in order to get the expected results. There is no doubt that practical experience is much more valuable than just theoretical knowledge that you acquire by reading, researching and discussing with […]
Choosing the Best Forex Broker for You
September 30, 2013 by Leave a Comment
In order to successfully trade Forex you need a good broker. However, as a beginner it is often difficult to choose the right type of FX broker. There are several types of brokers and you need to know about each type in order to make an informed decision on which to choose. Unfortunately, the Forex market is a bit like the “Wild […]
Forex Basic Terminology
September 29, 2013 by 1 Comment
You have probably heard the terms ‘leverage’, ‘margin’ and ‘pips’ in the world of Forex. To begin with, getting a grip on all the language should be the first step. It is essential to have a good knowledge of the terminology before you begin trading Forex. Everything can affect the market. On Monday it was reported the […]
What is Forex News Trading?
September 19, 2013 by Leave a Comment
The Forex market remains a source of great opportunity for investors, thanks primarily to its high levels of leverage and liquidity. It is a margin based investment opportunity, which enables shrewd and experienced operators to gain returns that can dramatically exceed their initial financial commitment. But it also brings considerable risk, however, as less fortunate traders […]
Don’t Trade Forex Looking in the Rearview Mirror
December 28, 2012 by
The foreign exchange (forex) market has a huge trading volume giving it high liquidity and making it the largest asset class in the world. Unlike individual exchanges like the London or New York stock exchange it is geographically diverse and operates continuously 24 hours a day (except on weekends). It also encompasses a variety of factors that affect exchange rates. It […]
Tips for Trading Forex Online
October 2, 2012 by
What is Forex Trading? Forex is short for foreign exchange, referring to the practice of exchanging money denominated in one country’s currency for money denominated in another currency. Since the values of currencies are constantly changing in relation to one another, opportunities exist for profit so long as people are capable of identifying and then […]
5 Qualities of a Winning Forex Trading Platform
July 27, 2012 by
Forex Trading Platform Hundreds of different Forex trading platforms are available for investors of all different levels and backgrounds. Choosing the right one is essential to making the most of your trades and maximizing your profit potential. Most of the platforms available for you to choose from look similar. This means that many traders, especially […]
