Robert Prechter reveals why he embraced the Wave Principle. Robert Prechter is the widely recognized authority on the Elliott Wave Principle. Read how he learned about the Wave Principle and why he embraced it in the edited excerpt from his book Prechter’s Perspective below (Q&A format): ——————– Question: What was it about Elliott that captured […]
“Market Manipulation” Is Not Why Most Traders Lose
December 21, 2011 by Leave a Comment
How often have you heard analysts refer to a down day on Wall Street as “traders taking profits”? Sounds great, but the sobering fact is that most traders — in futures, commodities, or forex — lose money. Yet some traders do win; some even set records. In 1984, Elliott Wave International’s president Robert Prechter won the U.S. Trading Championship, setting a new all-time profit record of 444.4% in a monitored real-money options account. Here is a link to the free report where he lays out his requirements for successful trading.
How You Can Make Yourself a Better Trader
October 27, 2011 by Leave a Comment
Define Yourself: What Kind of Trader Are You? The idea of being a successful trader is exciting. The reality of becoming one is another thing. You need to understand more than the markets — you need to understand yourself. EWI’s Senior Analyst Jeffrey Kennedy knows what it takes. He has analyzed and traded the markets […]
Forex Trading Course Online
October 14, 2011 by Leave a Comment
by Alex Cadens Taking a Forex trading course online is an essential step in ensuring your trading operation will continue to grow and make you a bit wealthier everyday. As you might already know, forex trading is one of the most profitable investment options available to anyone looking for a decent return. Nowadays there are a […]
Gold the Ultimate Hedge Against Uncertainty
September 12, 2011 by Leave a Comment
Back in 2002 Gold was a hated asset. No one wanted it. Even though the tech wreck and dot-com bubble had burst no one wanted Gold. As I’ve said many times Gold is a crisis hedge more than an inflation hedge. And it is a good barometer for the fear of financial catastrophe. Contrarian newsletter […]
See Prechter’s “FREE FALL TERRITORY” Chart for Yourself
August 19, 2011 by Leave a Comment
And see EWI’s long-term forecast in the updated “Free Fall” chart In the May 2008 issue of his monthly Elliott Wave Theorist, Robert Prechter showed this chart of the Dow Jones Industrials. As you can see, prices go back to the 1970s. Please note that on the day this chart published (May 16), the Dow […]
Trading the GDX Fibonacci Butterfly
July 13, 2011 by Leave a Comment
There is a great deal of interest in trading Gold these days. And many different ways to do it. One method is using the Market Vectors Gold Miners ETF, symbol $GDX. Of course once you decide on the medium you still need a method of determining entry and exit points. In today’s article JW Jones […]
Is It Possible to Have Panic Buying?
May 27, 2011 by Leave a Comment
What’s up with Silver lately? In this article Robert Folsom shows us what makes Silver tick and how it has gotten so crazy lately. Tim McMahon, Editor “Panic selling” is easy to understand and recognize: Investors rush to sell from the fear of loss. No more explanation necessary. On the other hand, “panic buying” is not […]
On the Docket: The Case Against Diversification
February 7, 2011 by Leave a Comment
Talk with an investment advisor, and what’s the first piece of advice you will hear? Diversify your portfolio. The case for diversification is repeated so often that it’s come to be thought of as an indisputable rule. Hardly anyone makes the case against diversifying your portfolio. But because we believe that too much liquidity has […]
