Category: Learning to trade Forex

About the Author Wayne Gorman has more than 25 years of experience in trading, forecast- ing and portfolio management. He began his career at Citibank, managing money market and derivative portfolios, and was later recruited for forex trading and various treasury management roles in London and New York. Wayne has been using the Wave Principle since 1986. He’s been with Elliott Wave International since 2002 performing Elliott Wave analysis,…

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What Is Elliott Wave Theory? The Elliott Wave Theory was developed by Ralph Nelson Elliott to describe price movements in financial markets, in which he observed and identified recurring, fractal wave patterns. Waves can be identified in stock price movements and in consumer behavior. Investors trying to profit from a market trend could be described as “riding a wave.” A large, strong movement by homeowners to replace their existing mortgages with new ones…

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