Ralph Elliott developed the Elliott Wave Theory in the late 1920s by discovering that stock markets, thought to behave in a somewhat chaotic manner, in fact traded in repetitive cycles.
Elliott proposed that market cycles resulted from investors’ reactions to outside influences, or predominant psychology of the masses at the time. He found that the upward and downward swings of the mass psychology always showed up in the same repetitive patterns, which were then divided further into patterns he termed “waves”.
What is the win ratio for this technique?
This technique provides a general means of analyzing the market, once you understand this technique then you can take countless trades based on the rules. We have been able to identify that this technique can result in up to 70% accuracy if employed properly.
While taking the course you will see several trade examples using Elliot wave theory. In taking examples our teachers will explain how and why they took this trades. After this you will realize how effective this technique can be in predicting short and long term market trends.
**You will see how extremely predictable the market can behave at times, once you understand this technique**
This is a trading technique that has been proven through the test of time, has successfully predicted several Bull and Bear markets and several market crashes including the 1987 crash.
What you will learn:
- Basic concepts and guiding principles of Elliot Wave theory – Preview the Ebook
- How to predict market’s top and bottoms using Elliot Wave Principle – Preview the Ebook
- Learn Practical Elliot Wave Trading Strategies – Preview the Ebook
- Key Guidelines for Applying Elliot Wave Theory – Preview the Ebook
Fibonacci is a special ratio that can be implemented to describe everything from nature’s tiniest structural elements, such as electrons, to the most highly sophisticated patters in the universe including planets and other celestial bodies.
This inherent proportion is considered necessary for maintaining balance in nature, and is therefore traced in the movements of market prices as the latter conform to predictable patterns. Many technical analysis tools based on Fibonacci have been developed to complement the trading process.
This course is designed for advanced level trader who want to gain deeper insights into markets. After taking this course students will be able to understand how to use Fibonacci Tools efficiently and understand why this technique is very useful for making consistent profits.
As always, Live trading examples will be included in this course meaning that traders will get a hands-on step-by-step guide on how to use Fibonacci and make money with it. Unlike many other courses where teachers mostly focus on theory, we try to cut though the noise where possible and
What you will learn:
- Fibonacci Retracements – Preview the Ebook
- How to use Fibonacci to consistently make money on the market ( Retracements, Extensions and other tools) – Preview the Ebook
How to build a personal trading plan
There is an old saying in business: “Fail to plan and you plan to fail.” It may sound glib, but those who are serious about being successful, including traders, should follow these eight words as if they were written in stone. Ask any trader who makes money on a consistent basis and they will tell you, “You have two choices: You can either methodically follow a written plan, or fail.”
If you have a written trading or investment plan, congratulations! You are in the minority. While it is still no absolute guarantee of success, you have eliminated one major roadblock. If your plan uses flawed techniques or lacks preparation, your success won’t come immediately, but at least you are in a position to chart and modify your course. By documenting the process, you learn what works and how to avoid repeating costly mistakes. Realizing the importance of this package package, we have supplemented this course with person trading plan construction guide which will assist you in building discipline and maintaining consistency in your trades.
What you will learn:
- 10 tips to building a winning trading plan – Preview the Ebook
- 9 tips to improve your trading risk management – Preview the Ebook
How to maintain healthy trading psychology and control emotions
There are many characteristics and skills required in order to be successful in the financial markets, one of the most important abilities is to contain emotions and maintain discipline when trading.
If you’ve ever been in a losing position and then had bad news occur about that certain currency pair or the general market, it’s not uncommon to get fearful. When this happens you may overreact and close out of a losing position and then refrain from taking any more risks. By doing this you may avoid taking any more losses, but also miss out on opportunities to make gains. On the flip side you could get angry that you’ve lost and attempt to regain your losses, which will normally lead to more losses and added frustration. Trading through emotions is a recipe for disaster which can be avoided with discipline and a solid plan.
What will you learn: