Forex Signal Software

7 Ways to Become an Unsuccessful Trader

To be a successful trader demands knowledge.

If you'd prefer to become an unsuccessful trader, you can start by making the following common trading mistakes, detailed by a professional who spent 25 years in portfolio management, trading and forecasting in the financial capital of the world, New York City.

In 2002, Wayne Gorman, long-time Elliott wave trader and current head of trader education at Elliott Wave International, left his 35th floor Manhattan apartment and moved to the quiet of North Georgia. He's been sharing his knowledge and ...

written by Signals Trader

Whats Different About Trading in Bear Markets?

I sat down to talk with Jeffrey Kennedy, EWI's Senior Commodity Analyst and editor of The Futures Junctures Service, about his upcoming Online Academy trading tutorial.

Vadim Pokhlebkin: Jeffrey, next month you and your EWI colleague Wayne Gorman are starting a first-ever 8-session trading course called "How to Trade in a Fast-Moving Bear Market." I hope to be able to attend, as ...

written by Signals Trader

Cement Creates Strong Foundations For Growth

You think the USA or Europe construction industries have strong enough foundations to put your money on right now? I don't after another increase in USA unemployment last Friday and more important the future of potential increases of jobs and GDP. This week I’ve got a short sell on CRH Plc. It’s a big ADR based in Ireland involved in cement and construction products that sells half of its products in the USA. The stock has already been in a downtrend, and I’m betting it will continue further down for ...

written by Signals Trader

3rd Wave Profit Rockets Sounds Good, But How Do You Trade Them?

This article is from Tue, 22 Dec 2009. The profit power of the 3rd wave is the longest and most powerful - take advantage!

There’s one wave in the Elliott wave sequence that you as a stock or forex trader don't want to miss: the third wave. Like the Energizer Bunny, third waves "just keep going and going." Riding them can be very rewarding, but pity you if you happen to get caught on the wrong side of one without an exit strategy.
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written by Signals Trader

Question and Answers with Dr. Van Tharp on the Super Trader Program

Our Super Trader Program is the ultimate program for people who are completely committed to becoming top traders. The mission of the Super Trader program is a total transformation of your trading and your life. Over the program's two year period, you can expect to make dramatic improvements in your trading—although that requires a substantial commitment of time, money, and effort.

There are always a number of questions coming in about the Super Trader Program, but I haven’t written about it recently. While my most recent ...

written by Signals Trader

Stress Test: How to Find the Safest Banks in the U.S. and Abroad

Stress test results for the biggest European banks were recently released, while the largest U.S. banks took their first stress tests in May 2009. But most people don't really care how much stress their banks are under; they are more worried about their own stress levels. One thing that adds to personal stress is worrying about whether their deposits are in a safe place. Bob Prechter has encouraged people to find the safest banks for their money ...

written by Signals Trader

How long have you been with your current forex broker? How many times have you changed forex brokers? What's your general feeling about forex brokers?

Forex Brokers Complaints and Solutions

Lets face it, every forex trader I believe has had a complaint or complaints of some kind with their forex broker. I suggest that many complaints are valid, and some not. For the beginner forex traders, the risk information from your forex broker is not up front most times, but spelled out in the fine print when you open ...

written by Signals Trader

The overall concept of support and resistance levels applies universally in the technical analysis world.

On a regular basis, folks want to discuss the interesting topic of why support and resistance levels seem to work. Two philosophical ends of the spectrum support the concept:

1. Underlying pattern or foundation of the markets.

Adherents to this school of thought would describe the market as following a set of rules that are much like “the laws of nature.” Many students of Elliott Wave theory and Gann theory would fall into camp. This type of analysis tends to ...

written by Signals Trader

China Southern Airlines Sale Promo

Flying high with China Southern. Long term I'm bullish on this company. Short term I'm short selling it, and hopefully buy in at lower prices.

The Market This Week

Corporate earnings reports will be in the spotlight this week, and the European banks stress test is over. I see the market inching higher this week, but now grinding into a concrete wall of resistance at 1113 to 1154 on the S&P500. If there is a continued uptrend past 1154, possibly the uptrend can continue, but I will be watching ...

written by Signals Trader

It's FreeWeek at EWI: Get charts, analysis and forecasts for Crude, Nat Gas, Energy ETFs

Our friends at Elliott Wave International have just announced the beginning of their wildly popular FreeWeek event, where they throw open the doors for you to test-drive some of their most popular premium services -- at ZERO cost to you.

You can access EWI's intraday, daily, weekly and monthly forecasts from EWI's Energy Specialty Service right now through noon Eastern time Wednesday, July 28. This service is valued at $347/month, but you can get it FREE for one week only!

The timing couldn't be better ...

written by Signals Trader