The basic premise behind Elliott Wave Theory is that financial markets, such as stocks, currencies, or commodities, move in repetitive patterns based on the psychology of market participants. Developed by Ralph Nelson Elliott in the 1930s, the theory...

It is generally understood that "deviation" refers to deviating from the intended meaning. Trading deviations are differences in the psychology of stock traders from the rest. In other words, this is an occupational deformation.

Commodities are traded using a variety of financial instruments, including futures contracts that are based on underlying physical commodities. By purchasing or selling futures contracts, investors bet on the future value of a specific commodity....

A bearish stick sandwich will have long green candlesticks on the outside and a shorter red candlestick on the inside, both of which will be completely encircled by the long green candlesticks. A bullish stick sandwich looks similar to a bearish...

An uptrend depicts the price movement of a financial asset when the overall trend is upward. In an uptrend, each successive peak and trough is higher than the ones seen earlier in the trend. As long as the price makes these higher swing lows and...

Fibonacci retracement levels do not have any equations. When the same indications are plotted on a chart, the user picks two points. After those two sites were chosen, the line was drawn at percentages of that motion. Assume that the price rises from...

A trading platform appears to be a piece of software that allows traders and investors to track accounts and place trades through intermediaries. Trading platforms will include additional services such as real-time quotations, charting tools, status...

Tax consultant as a profession has only recently emerged, but it is quite in demand, promising, and one of the most highly paid ones.

Money management and risk management are critical for Forex trading. They can basically make or break your success story. The money you will be using should be handled with care as you do not want to suffer losses. Money management requires careful...

In order to find out what the mood of the Forex market participants is, this type of indicator is used. It is their mood that determines whether the price will go up or down. We would like to emphasize that psychological indicators would not always...