The Wave Principle identifies trend, countertrend, maturity of a trend — and more.
February, 2010

By Editorial Staff

The following article is an excerpt from Elliott Wave International’s Trader’s Classroom Collection.

Every trader, every analyst and every technician has favorite techniques to use when trading. But where traditional technical studies fall short, the Wave Principle kicks in to show high probability price targets and, just as importantly, how to distinguish high probability trade setups from the ones that traders should ignore.

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Greetings,

Our friends at Elliott Wave International have just announced the beginning of their wildly popular FreeWeek event, where they’ve thrown open the doors to some of their most popular paid services to non-subscribers for one week only.

You can access EWI’s intraday and end-of-day Forex forecasts right now through next Wednesday, May 20, 2009. This Free Offer Was Expired, but you will still get many benefits by FREE join at Club EWI!

This unique opportunity only lasts a short time, so don’t delay!

Learn more about EWI’s FreeWeek here.

Warmest regards,
Nooruddien M.
Webmaster Of FXREPUBLIC.COM

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About the Publisher, Elliott Wave International
Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world’s largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private investors around the world.

The following is excerpted from Robert Prechter’s Independent Investor eBook. The 75-page eBook is a compilation of some of the New York Times bestselling author’s writings that challenge conventional financial market assumptions. Visit Elliott Wave International to download the eBook, free.

By Robert Prechter, CMT

…The natural tendency of people to apply physics to finance explains why successful traders are so rare and why they are so immensely rewarded for their skills. There is no such thing as a “born trader” because people are born — or learn very early — to respect the laws of physics. This respect is so strong that they apply these laws even in inappropriate situations. Most people who follow the market closely act as if the market is a physical force aimed at their heads. Buying during rallies and selling during declines is akin to ducking when a rock is hurtling toward you.

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