Tag Archives: Elliott Waves

The Forex Elliott Waves indicator

In its basic form the Elliot waves indicator affirms that any movement on the market follows a repetitive rhythm of five waves in the direction of the main trend and three waves to correct the price. This is called a 5- 3 movement. окууну улантуу →

Forex Technical Analysis Works In Forex Trading

the key difference between technical analysis in the equities market, and technical analysis in the Forex currency trading market, is the fact that it is possible to participate in Forex trading 24 hours a day, seven days a week. That key difference is also the primary reason that technical analysis works so well in currency trading.

In order for technical analysis techniques to deliver maximum results, there needs to be extended periods of time available for patterns to develop and repeat. Because the Forex market never closes, and currency pairs are traded around the clock, definable patterns develop more quickly and the technical analyst has a plethora of Forex currency trading data available to work with.
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