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Home > Currencies
Overcome the Urge to Over-Trade in Currency Markets
How the Elliott Wave Principle can help you make wiser forex trading decisions

By Jill Noble
Thu, 19 Jan 2012 16:15:00 ET
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Do you find that currency trading -- and the urge to be "in the market" as often as possible -- interferes with your personal life? Have your New Year's resolutions already started to falter, as you simply can't step away from your trades?
 
If this sounds familiar, please take heed: you might feel bad about breaking a resolution to work out because you're working late, but that feeling is nowhere near the frustration you'll feel from trading too much. Overtrading can quickly translate into excessive risk, and demolish your trading capital -- fast.
 
You are not alone. The tendency to overtrade in forex markets is as commonplace as the tendency to injure yourself in a new sport. If you don't recognize your own emotional signals and act to protect yourself, the results can be disastrous.
 
So here's some good news: We can help. Life as a forex trader doesn't have to be this way -- in fact, Elliott wave analysis can help you resist the urge to over trade. With expert coaching from our education team, you improve your odds of "staying in the game" for the long run.
 
For example, according to Jim Martens, EWI's Senior Currency Strategist,
 
"Within any forex pair's Elliott wave pattern, there are only four waves that offer the best trading opportunities: wave 3, wave 5, wave A and wave C."
 
With coaching, you can learn to slow down your trades with these four key Elliott wave set-ups that can help you protect yourself from overtrading.
 
And the even better news: Jim Martens and Jeffrey Kennedy, co-editor of EWI's Futures Junctures Service, have just begun their online Forex Trading Tutorial. It will help you put theory into practice -- and practice into a lifetime of trading competence.
 
The 4-session online tutorial (spread over one month) gives you the best of Jim and Jeffrey's combined 40 years of analytical and trading experience; a shortcut to their timeless, effective, and easy-to-understand techniques for "staying the course" of forex markets. 
 
Each session is uniquely designed to draw on Jim and Jeffrey's individual strengths. Jim's mastery of debunking common misconceptions about forex markets AND setting Fibonacci price targets blends perfectly with Jeffrey's long-proven ability to identify high-probability trade set-ups.
  
It's not too late to join EWI's Popular Online Forex Trading Course
 
Learn to effectively trade forex using Elliott wave analysis from the comfort of your home or office. Join top EWI instructors, Jim Martens and Jeffrey Kennedy ONLINE for this intensive, one-of-a-kind trading course. Learn to:
 
  • Pick the forex markets that offer the best opportunities
  • Identify trends, countertrends and their trade set-ups
  • Time your entry, exits and re-entry with high confidence
  • Set your stop-loss for maximum protection
  • Identify 5 key components of a high-probability trade set-up
  • Apply Elliott wave analysis as a trading methodology
  • And much more!
The first session took place yesterday -- but if you decide to join, you will get instant access to the live webinar recording so you can catch up immediately
 
Don't wait -- we can extend registration through this weekend only.  Learn more and Register NOW>>

Tags: Elliott Wave Education, Elliott Wave Principle, forex trading, risk management, Traders, trading lessons
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