Some important message for new Forex traders

This is the point that most people get on the stock and is most driven by hysteria. You usually start seeing the CEO of the company on the front page of major magazin

han forex trading main new traders ko is bat ki zarorat hoti ha keh woh apni trading main market ko smjhy market main hony waly up down ko aor movement ko achi trah smjha kry aor money mange ko bhi achi trah sy smjhay

es as the Person of the Year. Traders and investors start coming up with ridiculous reasons to buy the stock and try to ch

oke you when you disagree with them. This is when the stock becomes the most overpriced. Contrarians start shorting the stock which starts the ABC pattern.

One thing that you also need to know about the Elliott Wave Theory is that one of the three impulse waves (1, 3, or 5) will always be “extended”.
Check out this forum thread for more Elliott Wave diagrams.

Simply put, there will always be one wave that is longer than the other two, regardless of degree.According to Elliott,

it is usually the fifth wave which is extended. As time went by, this old school style of wave labeling has changed because more and more people started labeling the third wave as the extended one.

The 5-wave trends are then corrected and reversed by 3-wave countertrends. Letters are used instead of numbers to track the correction. Check out this example of a smokin’ hot corrective 3-wave pattern!

According to Elliott, there are 21 corrective ABC patterns ranging from simple to complex.Uh 21? I can’t memorize all of that! The basics of the Elliott Wave Theory are already mind-blowing!”

Its important to learn the best methods to avoid falling in the dependence of this activity so if someone is very vulnerable its better to keep away from high risky methods of trading.

Take it easy, young padawan. The great thing about Elliott Wave is you don’t have to be above the l

egal drinking age to trade it! You don’t have to get a fake ID or memorize all 21 types of corrective ABC patterns because they are just made up of three very simple easy-to-understand formations.

Zig-zag formations are very steep moves in price that goes against the predominant trend. o 5-wave patterns.

Wave B is typically shortest in length compared to Waves A and C. These zig-zag patterns can happen twice or even thrice in a correction (2 to 3 zig-zag patterns linked together). Like with all waves, each of the waves in zig-zag patterns could be broken up int

Flat formations are simple sideways corrective waves. In flats, the lengths of the waves are GENERALLY equal in length,