Elliott Wave theory is much richer than deciphering charts. In the same way that numerals are descriptive symbols of how physical things relate to each other through mathematics, Elliott Wave charts are descriptive symbols of how markets relate to the social mood of the many participants. Robert Prechter and his talented team at Elliott Wave International are the best in the business at explaining how and why markets and people fit together to shape the patterns we call the Elliott Wave.
Many forex traders, stock traders and futures traders are aware of Elliott Wave analysis but think it too difficult and time consuming to learn and integrate into their regular pattern of technical analysis. Nobody who has been trading for a living for a while has to be told that there is no such thing as a free lunch. Everything worthwhile takes time and effort and Elliott Wave analysis is not the exception. However, applying the Elliott Wave is not as difficult as you may think. There are only a few rules and guidelines to learn. Many people make it more difficult than it has to be, or expect too much from a simple technical tool. Who doesn't want the magic bullet that is unambiguously correct 100% of the time - even when we all know that it does not exist?
Elliott Wave International (EWI) has since its inception been a tremendous education resource for the technical trader. Their educational programs are administered through Club EWI which offers free technical analysis videos, ebooks, and articles about Elliott Wave, of course, and also several other technical methods and disciplines. Both the newbie and the experienced trader looking for continuing education will benefit from Club EWI's illuminating Elliott Wave tutorial.
At the date of this writing Club EWI is offering a free 8-minute video on Forex trading, EWI's Chief Currency Strategist Jim Martens walks you step-by-step from identifying a possible trade setup to executing the trade, PLUS shows you how to spot one of the basic Elliott wave patterns in forex charts, and one of the ways Elliott helps you to limit your risk while trading.
Another free report teaches you how to identify trading opportunities by utilizing Fibonacci techniques and the Elliott Wave Principle. With their illustrative examples, you'll see why knowing where a corrective move is likely to end often identifies high probability trade setups.
A free 75 page eBook promises to show you a whole new way of thinking about investing. The authors handpick five of the most groundbreaking reports EWI has ever published in the 27 year history of Elliott Wave International and compiled them into this eBook. The hard facts and price charts in these reports challenge conventional beliefs and offer explanations for market behaviors that have always been considered "inexplicable." Normally, you’d pay over $100 for the reports contained in the Independent Investor eBook, but today you can download them free from Club EWI.
This small sample of stimulating offerings from Club EWI should inspire you. EWI's talented writers take pride in outdoing themselves, and as much as you liked this weeks materials, next weeks will ignite as much interest and information.
It is free to join Club EWI and get unlimited access all Club EWI material. You never have to pay anything or subscribe to any of Elliott Wave International's paid subscriptions.
Tradingfives.com features Elliott Wave information. You can click this link to Join Club EWI.
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