Imagine if you will, you have a computer at home with a broadband internet account. You discover that you can do something called “trading forex” online. At the same time, you discover a principle that allows you to predict the direction a forex market will move in. This is very powerful stuff. You could get rich!
A recent discussion with a colleague, who asked what I did with my time at home, led to me wondering about how to convey to a total newbie how to trade forex using the Elliott Wave Principle.
I started by pointing him in the direction of the wonderful online documentary, History`s Hidden Engine at the Socionomics institute. This will give anyone who has never heard of the Elliott Wave Principle a brief overview of the big idea, and how it can relate to market movements.
Next I advised him to purchase a copy of “Elliott Wave Principle” by Frost and Prechter. I use this book as a textbook, on a daily and even hourly basis. It seems there is always something new to learn about the Elliott Wave Principle, and this book is invaluable as a thorough guide. I advised him to read it at least twice.
