Elliot wave theory enjoys massive popularity - being described as advanced technical analysis, by many brokers and publishers. Elliot wave theory has a huge and devoted following - shame the theory has no basis of sound logic that can help you make money! Let’s look at Elliott wave theory in more detail and then look at sensible market analysis. The theory was named after Ralph Nelson Elliott, who concluded in his book “natures law” that the movement of financial markets could be predicted by observing, and identifying a repetitive pattern of waves.

The forex market is all about trading between countries, the currencies of those countries and the timing of investing in certain currencies. The FX market is trading between counties, usually completed with a broker or a financial company. Many people are involved in forex trading, which is similar to stock market trading, but FX trading is completed on a much larger overall scale.

Are you looking for the place to invest your capital? Don't worry now. There is the financial market where you can invest in a profitable way. There are many large companies which are trading in this most liquid and volatile market and gaining profit with both hands. If you like to adopt a trading career, do to forex trading. It is the best place to invest. Unlike many other stock markets forex trading is most appropriate place to invest because it operates 24 hours a day. It is present globally and you can also trade through electronic media such as internet or even with your mobile.

Nowadays every business is facing cut throat competition. Companies are paying millions of dollars to get into their exact target market. Whereas there is a market which pays you for knowing it. It is forex trading. Forex trading is recent name of foreign exchange market, where buying and selling of currencies takes place. Before indulging in forex trading, you should have complete knowledge about FX market. You should be aware of trading strategies and tactics, market trends, and factors influences currency value.

If you are familiar with forex trading then you must be know forex brokers also. If you don't know what forex brokers are and what they do, let's have their brief description with us. Forex brokers are either individuals or companies that help large firms or individuals in trading their currencies or accounts in forex trading market. They only assist you to make deals but it is all your choice whether to trade or not. Forex brokers identify your trading requirements and charge only small proportion of your earning as a commission. A forex broker advices you regarding currency quotes, what and when a currency you should buy or sell. He also helps you in providing software data to make trading judgments. Moreover, they can also sell your account on your request.

Forex or Foreign exchange market is currently the largest financial market of the world where any vigilant person can earn huge profits. Although forex is so vulnerable that it can turn profits into losses in no time, still currency exchange continues 24 hours (excluding weekends). It enables international traders to run their business smoothly without considering the disparity of currencies between various regions of the world. Because of the volume of currency exchange, which amounts to trillions of dollars per day, forex can bring fortune to money traders around the world.

The largest financial market where foreign currency is bought and sold is called Forex, denoted by Fx. International traders and financial institutions like banks and brokerage firms and large businesses usually exchange currencies and invest huge funds in Forex. Because of a great number of buyers and sellers around the globe, Forex is considered to be the largest liquid market for capital. The trade at Fx amounts to trillions of dollars daily and is constantly monitored by financial analysts and brokers in whole world.

To get to know each other, following are excerpts from my upcoming book “How to Be A Black Belt Trader”……for your reading pleasure….hope you enjoy it…. The 90-90-90 Scenario….. You don’t want to be a part of THAT club….the 90% of retail traders who lose 90% of their money in 90 days. You can avoid it but you have to think differently than the crowd. First, realize that you are not in this business to trade; you are in it to make money. And to do that you need patience. In fact, I would say that lack of patience is the number one problem of traders who come to me for coaching, and we always solve that before we move on. Now, to survive and prosper as a trader, here are some specific things you have to think about and understand; otherwise you're likely to become just grist for the mill: