Sunday, September 23, 2007

Elliott Wave Free Resources

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, youd 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. features Elliott Wave information. You can click this link to Join Club EWI.

Why Forex Market?

Forex, FX and the Forex market are some widespread terms you would have heard for the Foreign Exchange market. In fact it is the major economic market in the globe, where currency is vended and purchased liberally. In its current situation the Forex market was started in the seventies, while free swap rates were initiated, and only the members of the marketplace decide the cost of one currency next to the other happening from requirement and supply. To the degree that the liberty from any outside control and free rivalry are concerned, the Forex market is an ideal market.

With an every day income of over trillions of dollars, the Foreign Exchange market carries out more than two times the collective quantity volume of the United States Equity and Treasury markets amalgam. This market is an over-the-counter market were purchasers and disbursers carry out foreign exchange trade by making use of different modes of communication.

Forex market doesnt have any bodily location or central swap. Because the Forex market dont have a bodily exchange, the market actually trades without any stoppage moving to each of the worlds chief fiscal centers everyday. The activity which takes place is for about trillions of dollars. From year 1997 to the conclusion of year 2000, every day Forex trading quantity rushed around from US$5 billion to US$1.5 trillion and extra. It is actually hard, if not unfeasible; to decide a completely precise numeral since business is not federalized on a swap. But one main thing is confirmed that the Forex market persists to grow at an extraordinary rate.

Previous to world meeting advancements of web, only huge corporations, international banks and rich person possibly will trade currencies in the Forex market by utilizing proprietary trading systems of banks. These systems needed to the extent of US$1 million to start an account.

Forex trade is a continuous market where currencies of different nations are sold and purchased. This is usually done via Fx brokers. Foreign currencies are continually and at the same time purchased and vended across local and global markets while traders augment or bring down worth of an investment on the movements of the currency. The market conditions can alter anytime in response to real-time events so it is also measured to be an extremely unstable and easily broken market too. Conditions of the Forex market is never stagnant they keep fluctuation per second.

For business persons, Forex trading offers a substitute to stock market trading. Here are not many choices as stock market, just have to choose from the few chief currencies such as the Dollar, Yen, British Pound, Swiss Franc, and the Euro are the most accepted and popular. Forex trading moreover offers a lot more influence than stock trading, and the investment of smallest amount to get on track is a lot minor. Besides that the aptitude to pick trading hours according to your flexibility (as it goes 24 hours a day) and now you may learn that why stock traders have jumped to trade currencies.

Uma is a Copywriter of Forex Trading She written many articles in various topics such as forex day trading,forex trading system. For more information : contact her at

Forex Signals 3

Timing is the key in the markets. You might have heard of this several times that the market indicators are used to predict the entry. The better the timing of these signals and indicators, the better the edge of the trader. Market edge is what you need when you are looking for the forex signals.

The observation of the signals start by looking at a singal bar on the daily chart. According to the Dow theory, an uptrend is a series of ups and a down trend is a series of downs. Keep it simple. This is what you should look for timing the markets. Up closes with good follow through and volume is required to see if the market is in an uptrend. The same process is true with down trends when the closes are down and the volume is good. As the volume dries, you will see that the bars shrink in size or in other words the range shrinks.

Another question is why the range shrinks and expands differently in the forex markets? It is true with other forms of markets also but commodity and future markets are more volatile sometimes. The answer is not simple and will require pages and pages of examples and analysis but I will try to explain. When there is range contraction, there are two basic reasons. One there is an absence of big players in the markets and the floor traders are active at this point. This point is further explained by the shrinking of the range after the New York close around 4 to 5 PM EST. This is when the big institutions close. The time the market expands again is around 2 AM EST when the banks open in London and Asian counties link Singapore and Japan. So the big players are required to move the big markets like forex.

The other reason is the auction theory which says that the market auctions up till it finds a seller and the market auctions down till it finds a buyer. The spikes in prices are the areas where forex markets rush up and down to find buyers in down spikes and sellers in up spikes. This is the reason why the spikes are over 50% areas of exhaustion. We will continue our discussion on market timing signals. I hope you have understood the basic concepts in the three articles on forex signals.

Adnan Kaleemi is a Registered Commodity Trading Advisor and has been advising Forex traders all over the world in more than 60 countries for the last five years. He is currently registered with the commodity and futures trading commission in the US. He reaches global forex traders where he provides daily forex market timing signals and forecasts in the major currency pairs EURUSD,GBPUSD,USDJPY and USDCHF along with money management strategies. At you will find informative articles, newsletters and other tools which will help transform your Forex Trading.