In the 1930s, Ralph Nelson Elliot discovered price movements adhere to certain patterns, composed of what Elliot titled: waves, consequently firing the opening shot in a decades-long debate. Fascinating as it is, the theory is a broad and complex topic within the field of technical analysis, invariably taking practitioners years to master. Despite its complexity, … Continue reading A Primer to Elliot Wave Theory
Over the years technology has revolutionised our world, producing invaluable tools and putting useful information at our fingertips. Thanks to these technological advances, becoming a professional retail trader is a possibility for all. Becoming a consistently professional retail trader, however, is another thing entirely. Trading is a demanding career choice and requires a specific skillset, … Continue reading Become a Professional Retail Trader in 2019
Observing sharp moves form in the foreign exchange market followed by periods of consolidation is common viewing. The problem traders have, though, is deciphering whether the pause in market price is the beginnings of a reversal, or a pullback before proceeding on its initial course. A chart pattern that places a framework around this type … Continue reading Trading the Forex Market Using Bullish and Bearish Pennants
With an endless stream of books available to choose from, it’s often difficult to decide which text will prove most fruitful. Is there one book that has all the answers – a book that confronts all elements of forex trading? To knowledge, covering each aspect in detail is beyond the scope of one book, and … Continue reading 5 Must Read Books for Any Aspiring Forex Trader
Successful traders always follow the line of least resistance – Jesse Livermore. While intricate trading strategies may impress, it’s unnecessary to succeed in the financial markets – keeping things simple is essential. Most trading systems have one thing in common: the trend. In retrospect, a trending market is easily recognised on a price chart. The … Continue reading Exploring the Power Behind Trend Line Studies in Forex
