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What is Forex? | We have 469 free forex articles/answers for you.
What is Forex? | We have 469 free forex articles/answers for you.
Latest Articles
A Review of Automated Forex Brokers"Several companies offer automated forex broker services. In the following articles, you'll find brief reviews of each. What forex brokers offer automated services? GFT Forex is an automated forex broker, whose DealBook FX 2 software...
Becoming a Successful Forex Trader
Making the decision to trade forex, whether its full time or just once in a while, requires answering a lot of questions about yourself and your methods. If you haven't been able to answer some fundamental problems, it's probably not time to...
Online Forex Trading Reviews
Online Forex trading is a business of risk. It is only wise to choose your online Forex platform providers and brokers with utmost care. You can read books, magazines, or surf online for the corporate profiles and investment portfolios of the...
An Introduction to Forex and Elliot Wave Degrees
As a Forex trader you will always be attempting to make more profits than losses from the fluctuations of exchange rates between currencies in the forex market; in short, this is what is called forex trading.And if you want to become a profitable forex trader you will need a good technique to forecast the market behavior with time; i.e., how the currencies value will fluctuate in the next period of time you are interested on trading.
One of the best techniques you can use to forecast the Forex markets is by using the Elliot Wave Theory.
Ralph Nelson Elliot also observed that the market has strong trends that seem to follow a repetitive pattern in all the different time frames; and after analyzing a great number of charts he discovered in the late 1920's that the markets move in a repetitive manner that is far away from being a totally chaotic behavior.
And this was not all Elliot discovered; he also realized that this patterns had a fractal nature. This means that the patterns not only repeated with time but that in a given period of time the characteristic wave pattern would repeat at different scales (days,
hours, minutes).
This is the most basic concept in Elliot's theory; i.e., the largest wave structures are composed of smaller sub waves, and these in turn are composed of even smaller sub waves, and in principle this goes on to infinity.
Elliot gave a name to these wave structures calling them "wave degrees", depending on the time frame you are looking at. The range of these degrees goes from centuries to hours.
Elliot distinguished Nine Wave Degrees in his studies, they are known as:
- Grand Supercycle - Supercycle - Cycle - Primary - Intermediate - Minor - Minute - Minuette - Sub Minute
In principle these degrees can go to infinity and they clearly show you can choose the time frame you like better, according to your trading objectives, and the patterns you will see will be the same in any of these time frames.
About the author:
Adrian Pablo is a Forex freelance writer with articles published in a number of places. Get a free report on Fibonacci Trading and learn more about the world of trading , visit:
http://www.1-forex.com
Written By: Adrian Pablo
 Globe and Mail | FOREX-US dollar slips, but strong trend remains intact Reuters NEW YORK, Feb 8 (Reuters) - The US dollar drifted lower on Monday as a modest recovery in overseas stock markets and commodities ... WORLD FOREX: Euro Rises On Talks Of Greece Bailout Plan WORLD FOREX: Euro Down As G-7 Fails To Produce Greece Debt Plan FOREX-Euro rises vs dollar, but stays near multi-month low |
FOREX-Euro gains vs dollar, lifted by Greece rescue talk Reuters NEW YORK, Feb 9 (Reuters) - The euro rose against the US dollar on Tuesday, on track for its best one-day gain in nearly a month ... |
 RTT News | Forex: Pound drops against Dollar and Euro, weighed by trade deficit NASDAQ FXstreet.com (Barcelona) - The Pound has extended its pullback against the Dollar, while the EUR/GBP broke to a 3-weeks high as UK trade deficit widened ... Forex: UK Visible Trade Deficit Surges In December |
WORLD FOREX:Yen Down Vs High-Yielding Units As China Stocks Rise Wall Street Journal In tandem with the euro, the Australian dollar, the Swiss franc and the pound also advanced against the yen. But dealers say the Japanese unit could make a ... Some Japan exporters still pressured by euro weakness Forex news: dollar shows mixed trading sliding from multi-month high vs pound Forex trends: gaining vs yen, buck's sliding vs European majors |
Forex: US Dollar mixed as EUR/USD hovers around 1.3650 CountingPips By CountingPips.com The US Dollar has been mixed in forex trading as movements against most of the major currencies have been muted with little economic ... Global Forex Outlook 2010 Euro-Zone Debt Concerns Weigh Heavily on EUR Relationship between EUR/USD and Equities |
 FXstreet.com The Forex Market | Forex: EUR/USD breaks 1.3742 and jumps to daily highs NASDAQ FXstreet.com (Barcelona) - Euro has jumped against the Dollar in the last hour after finding support at 1.3695, coming from its previous attempt to break ... Forex: Dollar and Yen showing strength on economic uncertainty Forex: USD/JPY breaks past 89.55, and reaches 89.75 high Forex: USD/JPY weaker and trading at 89.29 |
 BBC News (blog) | WORLD FOREX: Dollar Loses Ground After Weaker US Job Data Wall Street Journal NEW YORK (Dow Jones)--The dollar gave up some overnight gains against the euro Friday morning after ... FOREX-US dollar, yen gain on Europe debt woes World Forex: Dollar gains as Euro and Pound sink on Sovereign Debt Concerns |
 Financial Times | WORLD FOREX: Euro Sinks; Dollar, Yen Gain On Debt Concerns Wall Street Journal The dollar was at Y89.38, up from Y88.94, while the euro was at Y122.14, down from Y122.20. The UK pound was at $1.5631, down from $1.5750. ... Dollar will doom, Gold will boom: Jim Sinclair WORLD FOREX: Euro Losses Accelerate Amid Debt Worries WORLD FOREX:Euro Sinks Further;Markets Broadly Sell Off Risk |
Forex Strategy Outlook: US Dollar Likely to Move Sharply Against Euro Daily FX Forex options markets volatility forecasts continue to trend higher, pointing to major moves in the US Dollar and other major currencies through the coming ... |
WORLD FOREX: Euro Weakens As Negative Bets Hit Record Highs Wall Street Journal The dollar was at Y89.30 from Y89.38, while the euro was at Y121.97 from Y122.14. The UK pound was at $1.5598 from $1.5613. The dollar was at CHF1.0722 from ... |
