Forex Trading: Perspective, Trends & Finding New Opportunities

Jim Martens shares key insights into trading currencies with the Wave Principle

By Elliott Wave International

In this brand-new video interview, EWI Senior Currency Strategist Jim Martens shows you his approach to the forex markets -- and how the "simplicity" of Elliott wave analysis has guided him through 23 years of forecasting.

Watch this new interview -- and follow the link below the video to learn how to get a full week of his currency forecasts - FREE - during Forex FreeWeek (Nov 4-11).

EWI's World-Famous Forex FreeWeek, Nov. 4-11

Join thousands of your fellow Elliott wave fans from around the globe during EWI's Forex FreeWeek.

Forex FreeWeek is a 7-day event where you get unrestricted, 24/7 access to intraday, daily, weekly and monthly forecasts -- including charts and videos from our premium-grade Currency Pro Service.

Currency Pro Service's team of four currency experts brings you forecasts for these popular FX pairs:

  • EUR/USD
  • USD/JPY
  • GBP/USD
  • USDX, the Dollar Index
  • More...

Get your free password for Forex FreeWeek now >>


This article was syndicated by Elliott Wave International and was originally published under the headline Forex Trading: Perspective, Trends & Finding New Opportunities. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

3 Profitable Forex Strategies For 2014

Today, I would like to share with you 3 easy-to-use, profitable Forex strategies based on the Trade Triangle technology. There is a strategy available for short-term, intermediate-term, and long-term trading styles. All strategies have been time tested and have proven to be winners over time.

If you are a short-term trader, watch this Forex video:

If you are an intermediate-term trader, this is the Forex strategy for you: Continue reading "3 Profitable Forex Strategies For 2014"

Letting Go of Your Leverage: Why Slow and Steady Works Better With FX Trading

Would you consider taking out a $50,000 loan against your home in order to finance a gambling trip to Las Vegas? Of course not, and yet when you leverage your Forex trades that is essentially what you are doing; borrowing money at a risk that you won’t be able to afford to pay it back.

What Does Leveraging Your Trade Mean?

On the surface, leveraging looks like a good idea. Most brokers will allow you to borrow from them to make a trade, usually with a small percentage down. Let’s say yours will require 1%.  This means that for every $1,000 in your account, you potentially could trade with $10,000. Leverage has nothing to do with changing your chances of a successful trade, it just means you are able to invest more into it then what is in your Forex account.

How Can Leverage Help?

Forex trading is measured in pips, which are actually fractions of a cent. In some cases, a gain of 100 pips may only equal one dollar. Continue reading "Letting Go of Your Leverage: Why Slow and Steady Works Better With FX Trading"

A Long-Term Strategy To Conquer The FX Market

Here's a powerful, easy-to-use long-term trading strategy that you can use in the Forex market. This particular strategy employs the monthly Trade Triangles for both trend and timing. Unlike our short-term and intermediate-term FX strategies, the long-term approach uses a "stop and reverse" type method.

This particular strategy is far less active than both our short and intermediate-term FX strategies. This trading strategy is best suited for long-term investors who enjoy holding a position in the market for months at a time. Unlike the other strategies, this long-term strategy requires that you only enter your SAR order(s) on average once a month. This 5 minute video walks you through the actual trading signals of this strategy from 5/20/09. At the end of the video, you'll be able to see every trade and how each trade fared. Nothing has been left out, you'll see every profitable and losing trade over almost a 5 year period.

MarketClub's long-term FX strategy captures the large moves in the Forex markets in a way that is different from other trading approaches. Like any trading strategy, good money management and diversification reduces your risk and magnifies your opportunities. For any kind of trading you need to manage your losses and MarketClub's long-term FX trading strategy helps take care of that for you.

What are the pros and cons of this particular trading strategy? Continue reading "A Long-Term Strategy To Conquer The FX Market"

A Intermediate-Term Strategy To Conquer The FX Market

Here's a powerful, easy to use intermediate-term trading strategy that you can use in the Forex market.

A Less Active Approach To Forex

This particular strategy is less active than our short-term FX strategy. This trading approach is best suited for intermediate-term swing traders who enjoy being in the market every few weeks. Unlike the short-term strategy, which requires entering orders every few days, the intermediate-term strategy requires that you only enter your order(s) on average, once a week. In today's 5 minute video, I am going to have you follow along as I walk you through the actual trading signals of this strategy from 9/07/12. At the end of the video, you'll be able to see every trade and how each trade fared. Nothing is left to the imagination and nothing has been left out.

Now, let's take a look at the pros and cons of this particular trading strategy. Continue reading "A Intermediate-Term Strategy To Conquer The FX Market"