Leveraged trading is high risk and not suitable institutional currency trading all. You could lose all of your deposited funds.
32-ounce bottles of Pepto-Bismol prominently displayed on their desks. We can successfully put men on the moon. We can perform open heart surgery. We can map the human genome. So why is it so hard to stay on the right side of financial markets? We may know the odds, but that doesn’t stop mainstream culture from fanning the flames of blind hope in a bull market that can’t quit. It’s not rocket science: Emotion is the number one enemy of successful trading.
Which means the number one ally is UN-emotional, objective market analysis that doesn’t focus on the news, or which way the crowd is running. Some traders know its name: technical analysis. For the past 20-plus years, Elliott Wave International’s chief market analyst Jeffrey Kennedy has personally tried and tested dozens of technical tools, from old-school to cutting-edge, even developing his own in the process. Identify the trend, and trade with it. Choose the path of least resistance and have the wind at your back.
Once you’ve successfully identified the trend, look for a price pattern you recognize. 4 Keys to Crafting Rock-Solid Trades for free! As an Elliottician, the patterns Jeffrey looks for are the five core Elliott wave patterns, each of which adhere to specific rules and guidelines. Take, for instance, the impulse wave, pictured below.
Its middle part, wave 3, travels far and fast in a short period of time. How about applying this simple tool to a real-world market? Well, here we go back to the November 29, 2017, Trader’s Classroom, in which Jeffrey identified a telltale impulse wave underway on the price chart of the newly minted, Nasdaq-listed IPO for the popular video-streaming company Roku Inc. Remember that emotionally charged mainstream culture we talked about at the beginning? But again, amidst the sound and fury, Jeffrey Kennedy kept his emotions in check.