Quiz 8

Q1. In which year the Elliott theory was proposed? A. 1935 B. 1939 C. 1964 D. 1969   Q2. How many waves a complete Forex cycle contains? A. Four B. Five C. Eight D. Nine   Q3. How many impulse and corrective waves are there in the Forex cycle? A. 5 Impulse and 3 Corrective Read more about Quiz 8[…]

Review of Step Eight Forex Lesson

This step contains all the topics about predicting the Forex market movement. The Elliott Wave pattern, the ABC Correction and the Fibonacci Relationships are the contents of this step. Elliott Wave Theory RN Elliott, an expert proposed a theory for trading in market. This theory was named after its founder as Elliott Wave theory. He Read more about Review of Step Eight Forex Lesson[…]

Fibonacci and Elliott Wave Relationships

Fibonacci and Elliott Wave Relationships

Fibonacci and Elliott Wave Relationships are a useful method to analysis stocks and Forex market and make money in long term, Fxstay professional money managers explain how to use¬†Fibonacci and Elliott Wave Relationships in your currency trading. Fibonacci Sequence Fibonacci is a mathematical sequence of numbers in which every number has relation with the previous Read more about Fibonacci and Elliott Wave Relationships[…]

ABC Correction Elliot Wave

ABC Correction Elliot Wave Pattern

The ABC Correction Elliot Wave Forex Pattern is another method of Elliott Wave Theory, A geometrical shape is created in every pattern. Forex Trading patterns such as Ascending Triangle, Descending Triangle and Symmetrical Triangle etc are formed by a counter trend correction occurring with in an impulse up or impulse down. This counter trend correction Read more about ABC Correction Elliot Wave Pattern[…]

Elliott Wave theory impulse wave

Elliott Wave Theory

Elliott Wave Theory is a trading market theory proposed by RN Elliott in the year 1939 who believed that markets has eight waves and these waves could be useful in predicting the market direction. The Elliott Wave theory states that the currency prices are controlled by the market cycles and these market cycles are founded Read more about Elliott Wave Theory[…]