The Elliot Wave Theory

Nelson Elliot, an accountant, discovered that the stock market moved in repetitive cycles. This was in the 1920s and 1930s. The repetitive patterns were due to the psychology of the traders during that time. Elliott named this theory: The Elliott Wave Theory also known as “Elliot Waves” and published a book about it. This pattern can be observed in both bullish and bearish markets. The 5-3 Wave Pattern The Elliott…



Traders, both novice and professional use different trading strategies in the forex market. However, from the trend, trading strategies, range trading, trading breakouts, trade reversals, trading support, resistance levels, and use of indicators. So, All these just show the numerous trading strategies out there in the market. Certainly, the focus of this article is to discuss a trading strategy known as the Martingale Strategy. How the Martingale Strategy Works The…


Fibonacci retracement

The word Fibonacci is derived from the name from of a mathematician called Leonardo Fibonacci. This man lived in the 13th century. He was trying to create an equation to determine how many rabbits he could raise when he came across a pattern that appeared in numbers. This pattern now bears his name and is known as the Fibonacci series. The sequence is based on the premise that any number…


HotForex Copytrading?

Tired of trading on your own?Trust other people more than yourself? Then it’s time to try the copytrading over at HotForex, as it’s one of the best platforms out there! Copytrading is a great way of simply following a profitable trader and get the profits and benefits without spending time on trading and analyzing charts on your own. HotForex has been at the forefront in regards to copytrading systems for…


Trading Styles (Scalper, Day Trading, Swing Trading & Position Trading)


All human beings are different, and so are Forex traders. A look through the MetaTrader 4 platform will show you different time frames used by traders. These are the 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly, and monthly time frames. Different traders use the various time frames listed above according to their preferences and as a result these influence their trading styles. In…


6 Awesome Tips For Success In Forex Trading

tips for success in forex trading

The Forex market has a daily transaction of $5 trillion. Trading currencies, CFDs, indices, commodities, and metals among others present a lucrative opportunity to make profits. However, that doesn’t guarantee success trading the market. According to research, a huge percentage of traders lose money. Only a small percentage makes profits consistently. Below are our 6 awesome tips for success in forex trading. These can help you be successful in your…


Predicting Early Market Movement – Leading vs. Lagging Indicators

Predicting Early Market Movement

In financial trading almost every trader uses some kind of technical indicator for market prediction or to validate his/her trade decisions. There are hundreds of indicators for predicting early market movement available in different platforms and over the internet based on different strategies and mathematical calculations. Now the problem is most of them are lagging indicators, meaning they generate a Buy or Sell signal when the market is already moving…


How to Develop a Trading Plan

Trading Plan

A trading plan is a set of rules and guidelines that shape and define your trading decisions & behavior, including but not limited to: financial goals, money management rules, risk management techniques and criteria for opening and closing positions. Due to lack of education a large number of traders have never used a trading plan and that’s one of the reasons that many of them end up in a loss….