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New Coaching Resource Equips Traders with One-on-One Support for Understanding and Applying Elliott Wave Analysis

Wed, 03 Nov 2010 09:15:00 ET
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WEST JORDAN, UT / November 3, 2010 -- Beacon Learning Group and Elliott Wave International (EWI) announces a first-of-its-kind educational partnership giving new options to traders who would like to receive coaching services when using Elliott wave analysis. The program and curriculum will be administered by Beacon Learning Group, which specializes in one-on-one coaching for traders interested in integrating technical analysis into their trading.

All of Beacon's Learning Group's Elliott wave trading coaches have passed EWI's current certification course and are active traders. Users of the coaching service will receive a define number of one-hour online sessions once a week and during this time period customers can also call a toll-free resource line number whenever they want to ask questions or seek advice as they trade. Access to the coaches via the resource line continues for up to 24-months depending on the level of support a client needs.

"We are proud to have met the high standard that Elliott Wave International has set for becoming an educational affiliate. We have worked closely with EWI to create a curriculum model where students will significantly increase their knowledge and confidence of the markets as they work with one of our seasoned traders and coaches," says Phil Anderson, co-owner of Beacon Learning Group.

EWI suggests that beginners and intermediate-level traders who have a working knowledge of Elliott wave analysis will benefit the most from Beacon Learning Group's coaching. Individual coaching relationships are expected to last 12 months, but can run shorter or longer.

"This new affiliation gives everyone who wants to get more comfortable with wave analysis a change to work with a knowledgeable tutor who is also a successful trader," said Michael McNeilly, EWI's manager for business development and partnerships. "It will serve a segment of our subscribers who know what Elliott wave analysis is all about, but prefer the support and accountability of a mentor that they can talk things over with as they trade."

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About Beacon Learning Group
Beacon Learning Group, established in 2007 and headquartered in West Jordan, Ut., provides financial analysis coaching to customers in more than 40 countries. It employs coaches who work with customers online and on the phone. For more information about Beacon coaching, go to http://www.elliottwave.com/education/elliott-wave-trading-coaches/default.aspx?code=PR

About Elliott Wave International
Elliott Wave International, founded in 1979 and based in Gainesville, Ga., is the world's largest market forecasting firm that specializes in Elliott wave analysis, a form of technical analysis based on crowd psychology and pattern recognition. Elliott Wave International employs 100 people, including 24 full-time analysts. EWI covers the world's major markets--stocks, currencies, bonds and commodities--24 hours a day. For more information visit http://www.elliottwave.com.

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Note: Beacon Learning Group is an EWI Educational Affiliate, and as such has been granted licensing rights to portions of EWI's copyrighted educational material. EWI's Educational Team has reviewed Beacon's prepared training curriculum in an effort to ensure proper use of EWI materials and has administered an Elliott wave aptitude exam in an attempt to qualify Beacon's Elliott wave trading coaches. However, EWI does not in any capacity manage the day-to-day business practices of Beacon Learning Group or any other Educational Affiliate, nor does EWI formally endorse the Elliott wave trading coach services they offer. EWI has made a sincere and reasonable effort to ensure integrity and fairness on the part of its affiliates, however the final decision to do business with Beacon Learning Group is yours as a customer. In addition, EWI is not responsible and cannot be held liable for any investment or financial decision you make as a result of doing business with EWI or Beacon Learning Group. 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.

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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.