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(Video) Forex: What Elliott Wave Software Do You Recommend?
An important insight into commercially-available Elliott wave programs

By Vadim Pokhlebkin
Wed, 01 Jun 2011 13:00:00 ET
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"What Elliott wave software do you recommend?" is one of the most frequent questions our readers send us -- whether they focus on forex, stocks, or commodities. 

Elliott Wave International's Senior Currency Strategist Jim Martens has been applying wave analysis to forex markets since the late 1980s. You get Jim's answer to the question on "the best Elliott wave software" in this free 6-minute classic video. Jim uses charts of the U.S. Dollar Index and the USD/JPY as examples.
 

Tags: Elliott wave, euro, euro/USD exchange rate, forex trading, sterling, Swiss franc, U.S. dollar, usd/jpy, yuan
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robert prechter
The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.
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