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
Your FREE Report: Take Advantage of News Using Elliott Wave AnalysisThe Forex Journal, one of the premiere forex trading magazines, recently selected this report by Jim Martens as the main feature and cover page. If you've ever felt you could be better at trading forex around economic report releases, this is a must-read.
Join Club EWI to gain access to your Forex video and report, FREE! It takes just 30 seconds. Club EWI is the world's largest Elliott Wave Community with more than 125,000 members. It only takes a minute to sign up and it's absolutely free.
Who is Jim Martens?
Jim Martens was first introduced to the Wave Principle in 1985. Since then, he's built an impressive resume, having worked for such firms as Bank of New York and Nexus Capital Limited, a George Soros-affiliated hedge fund. Since 2005, Jim has been EWI's senior forex analyst – and one of the best teachers of the method we have.
