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Forex SignalsAs you read this, people are making hundreds of pips and thousands of dollars using our Forex trade signals. Subscribe to the service and receive professional forex signals.

If you’re looking for the magic forex trading solution to turn $100 dollars into a $1,000,000 dollars overnight then we’ll save you some time and energy and suggest that you stop reading right now.
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Some Forex traders dream about finding great set and forget forex trading signal services which are easy to follow, profitable and convenient. They would then just copy the daily currency recommendations into their Forex broker dealing station and watch their trading account grow and grow.

A short while ago over 250 online Currency trading alert services were reviewed and alert services like the one described above do exist!

The big challenge to the average Forex Trader is firstly, finding forex trading signal services that fit the success mould and then secondly, making sure that the service is credible. This article will address the first question of how to find possible currency trading alert services to consider.

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Elliot wave theory enjoys massive popularity – being described as advanced technical analysis, by many brokers and publishers.

Elliot wave theory has a huge and devoted following – shame the theory has no basis of sound logic that can help you make money!

Let’s look at Elliott wave theory in more detail and then look at sensible market analysis.

The theory was named after Ralph Nelson Elliott, who concluded in his book “natures law” that the movement of financial markets could be predicted by observing, and identifying a repetitive pattern of waves.

Elliott’s Profound Observation

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Currencies are traded on a price/ point (pip) system. Each currency pair has its own pip value.

When you see a FOREX price quote, you’ll see something listed like this:

EUR/USD 1.2210/13

Explanation:

a) If you want to BUY the EUR/USD ( meaning you BUY EUROS and SELL US$ ) you buy 100,000 EUROS and you SELL 122,130 US$, or in other words you receive
122,130 US$ for 100,000 EUROS.

B) If you want to SELL the EUR/USD ( meaning you SELL EUROS and BUY US$ ) you buy 122,100 US$ and sell 100,000 EUROS, or in other words you receive 100,000 EUROS for 122,100 US$.

The difference between the bid and the ask price is referred to as the spread. In the example above, the spread is 3 or 3 pips.

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