Greeting Traders and Investors,
"Successful market timing depends upon learning the patterns of crowd behavior. By anticipating the crowd, you can avoid becoming a part of it."
This quote is from the opening paragraphs of the free Elliott Wave Basic Tutorial. It's critical to your understanding of how markets really work.
You might wonder what's so wrong with being part of the crowd. Unfortunately, the crowd usually shows up after a majority of the market move has occurred, when it feels 'safe' to join in the group. Then the crowd hangs on as the market turns and the losses pile up. Think back to 2008-2009. How many people do you know that rode the market right back down and got out closer to the bottom than the top?
To be a successful individual investor, you must understand what it means to take risks when the probabilities are with you and shun risk when they're not. Robert Prechter's method of analysis, the Elliott Wave Principle, can help you do just that.
I encourage you to learn more about this method in Elliott Wave International's free Basic Tutorial. It's broken up into 10 lessons across 50 pages, so it's easy to read and review at your leisure.
Get 10 lessons that will change the way you invest forever. Download the free Elliott Wave Basic Tutorial now.
Yours truly,
ForexJourney
