How To Trade Forex With Elliott Wave

A FREE Report and Video Lesson from EWI’s Chief Currency Strategist

Fact: Never since the Dollar Index – a measure of the dollar's strength against a basket of six other currencies – was created in 1973 has the greenback been as weak as it is today.

Regardless of how you feel about this fact, one thing is for sure: The dollar is the current center of the global financial community's attention, and it will likely stay in the spotlight for a while. And that could be good for the forex market.

Already the largest and most liquid market on the planet – with the daily volume ten times larger than the combined daily turnover on all of the world's stock exchanges – recent focus on the dollar is likely to attract even more currency speculators. And that means even more volume and liquidity – a nimble trader's paradise.

Winning in forex is not easy. You need skill, discipline – and sometimes, just pure luck. You also need a method. After all, how can you expect to win unless you follow a strategy? You may have heard that Elliott wave analysis is something many forex traders use. It's true; wave analysis is not a crystal ball, but it helps you accomplish three crucial goals: Identify the trend, stay with it, and know when the trend is likely over.

For you as a forex trader, meeting these three goals can mean a difference between a winning trade and a losing one. We at Elliott Wave International have many resources that can help you learn Elliott – but nothing helps you learn faster than watching a good teacher. And if you've been looking for such an opportunity, you’re in luck. Learn from a pro with these two free resources:

FREE Video Lesson: How To Trade Forex With Elliott Wave
In early November 2007, EWI's Senior Currency Strategist Jim Martens taught a live 3-hour course on trading with Elliott to an audience of independent investors in Denver, CO. What you are about to see is a condensed, 20-plus-minute version of Jim's course, the highlights of his best insights. Here's what you'll learn:

• At its core, Elliott wave analysis is simple. Watch Jim explain why.
• What Elliott waves are best for trading forex?
• How do I identify trade setups?
• At what point in a wave pattern do I enter a trade?
• How do I manage risk with Elliott?
• And more