We do our best to make our website interesting, therefore we are posting new material regarding different aspects of trading and other useful information.
We hope you read our Bill Williams' Chaos Theory articles we posted last month. We have more good news for you!
Several days ago we started posting daily Elliot Wave Analysis on our forum.
Elliot Wave Analysis is based on the idea that upward and downward swings of the mass psychology always showed up in the same repetitive patterns, which were then divided into patterns he termed "waves". Elliot was able to make detailed market predictions based on the patterns he identified. As in the markets "every action creates an equal and opposite reaction" each price movement is followed by a contrary movement. Elliot divided these markets movements into "impulsive waves" and "corrective waves". To use the theory in everyday trading you need to define the main wave, or supercycle, buy, then sell when the pattern is about to reverse.
We hope you will enjoy your reading and will successfully implement some ideas into your trading!
Should you have any comments in this respect or in respect of all our services, we would really appreciate it if you could post them on our Forum.
Let us remind you that we have simplified the procedure of opening a live account. For more details, please see our Company News webpage.
We offer competitive trading terms:
- High leverage;
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info@alpari.co.uk
www.alpari.co.uk
