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(Video) Forex: When Is The Right Time To Exit a "Good Trade"?
Learn how the Wave Principle combined with Fibonacci relationships can help you identify trade targets.

By Jason Lureman
Mon, 22 Oct 2012 11:45:00 ET
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So you've thought hard, developed a trading plan, entered a trade -- and the results are falling in line with your analysis. Before you pat yourself on the back for a job well done, though, you need to make sure you execute your planned exit strategy.
 
Exiting the position too early means you leave money on the table, and holding on too long sees your hard-fought gains vanish tick by tick (or pip by pip, for forex traders).
 
You have stops in place to protect you if the market turns against you. But how do you know the right time to exit when price action goes your way?
 
While no forecasting method guarantees that you buy at the absolute low and sell at the absolute high, Elliott wave analysis -- and, specifically, Fibonacci relationships between waves -- can help you identify high-probability price targets.
 
Watch Jim Martens, editor of Elliott Wave International's Currency Specialty Service, show you how in this 3-minute video clip. (Taken from Jim's live online trading course for forex traders.)
 
 
 
Forex: The House Always Wins? How to Turn the Odds in Your Favor with Elliott Wave Analysis ($199)
 
Don’t miss this unique opportunity to learn from one of EWI’s best trading instructors – live and in person. Join Jim Martens for a no-nonsense, hands-on workshop in trading FX with Elliott wave analysis. Martens will guide you through his favorite forex trade setups and teach you how to use them in your own trading.
 
Using fresh market examples, Jim will show you how to develop trades that have a risk/reward ratio that favors YOU — and not “the house.” You’ll also learn how to use the waves for risk management even if the market turns against you. PLUS, Jim will answer your questions about trading, current market conditions, and give you his inside forecasts for the new opportunities you should be looking at right now.
 
BONUS: With your seat to this workshop — you also get Jim Martens’ new 90-minute FX trading course FREE (DVD & streaming bundle — $129 value). Get up to speed before the workshop with instant access to the online streaming edition.
 
Space for this workshop is limited, so reserve your seat early. Learn More and Reserve Your Seat Now >>

 

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EWI's Currency Pro Service delivers 24-hour-a-day coverage of the world's most traded currency pairs so you'll know every Elliott wave implication of every market move. Subscribe now and get instant access to actionable forecasts for:

EUR/USD         USD/JPY
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Trading Forex: How the Elliott Wave Principle Can Boost Your Forex Success

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