Eliot wave motion theory for beginners of FX

Eliot wave motion theory for beginners of FX

Technical analysis for beginners of FX has Eliot wave motion theory. What you should know to an FX beginner is not very difficult. The basic way of thinking (a success law) of the Eliot wave motion theory is as follows.

According to Eliot wave motion, it is thought that the market has constant rhythm based on Fibonacci series. I consist of five rise waves and three drop waves, and the period of the one is formed in eight waves by total, and it is the thing which the market develops by the pattern.

When the Fibonacci series arranges numbers, the sum of previous Clause 2 is progression to become the next number. 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89,144, 233, 377, 610, 987…It is 0+1=1, 1+1=2, 2+1=3, 2+3=5, 3+5=8 for such a feeling...... Numbers form a line regularly. It is progression to be able to make before I do it for one minute if I use Excel.

By the Eliot wave motion theory, it is said that I "count it in a daily change from a temporary ceiling or the bottom of the market and invite the next ceiling and a bottom on the day of the Fibonacci number". The beginner of FX thinks that I can use it enough if I memorize only this law. If there is the day when a market greeted a ceiling, I can quite predict a day to become the next market ceiling by Fibonacci series.

An FX beginner is better, and there is an item asked you a question. If "the success law of Dow theory and the Eliot wave motion theory is really right, may anyone make money?" I think that "is just what to say. An FX beginner will comment on a theory and practice here to be plain.

For example, there are many books of words called OK and, by the learning such as a qualifying examination or the English conversation, appears with one book in victory method or this. However, all the learners pass it, and there cannot be the thing mastering English conversation. After all it is motivation of the person himself and that it follows, and any kind of part whether made an effort really appeared.

It is similar about FX. It is to finish a oneself original success law while it conforms to a success law, and predicting a market change while I read many experiences so that a beginner of FX gains and test it by oneself by a system trade, and repeating success and failure.

Success law in itself is a theory to the last. On-the-job training of one's FX experience is necessary to really use it on the site. There may be medicine and a point to know depending on a case. The person who leaves one's life with the doctor who devoted itself to only a medical study in a laboratory is bad; there will not be it. I repeat clinical experience on the site and master medical instruments and the heart of the person and I ask the skilled physician who masters the latest medical theory and should have a pain in it.

Therefore at first I experience virtual FX, and the FX beginner recommends that I make a success law for oneself. If the Eliot wave motion theory becomes the bread of your success law, the Dow theory is happy.

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