Forex Trading Information

FOREX :-the foreign exchange. market is the biggest and the most liquid financial market with the daily volume of more than $3.2 trillion.Trading on this market involves buying and selling world currencies taking the profit from the exchange rates difference

2011-11-10

The Elliott Waves

 tags:Wave extensions,basic Elliott Wave pattern,Basics of Wave Analysis,Impulse Wave Variations,complete market cycle,Elliott Waves,interpretation of Elliott Waves,Bear market failure,Failures,Truncated Fifths,bearish pattern,bullish pattern,Diagonal Triangles Basics of Wave Analysis The Elliott waves principle is a system of empirically derived rules for interpreting action in the markets. Elliott pointed out that the market unfolds according...

Fibonacci Analysis

 tags: Fibonacci Analysis, important role, forecasting of market,Fibonacci sequence, financial markets Fibonacci Analysis The Fibonacci analysis gives ratios which play important role in the forecasting of market movements. This theory is named after Leonardo Fibonacci of Pisa, an Italian mathematician of the late twelfth and early thirteenth centuries He introduced an additive numerical series - Fibonacci sequence. The Fibonacci sequence consists of the following series of numbers: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, 4181, (etc.), which exhibit several remarkable relationships, in particular the ratio...

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