Trading the market will test your mental and emotional capabilities. But you know what they say, Rome was not built in a day. The foundation of the trading style in our community is the Elliott Wave Theory. I highly suggest you purchase a copy of The Elliott Wave Principle by A.J. Frost and Robert Prechter from your local book store or order it online. Plan to read the book several times, it is not a fiction novel, it is a text book unlocking the greatest secret known to man. Write notes in the margins and highlight important concepts. Every time you read it, you’ll discover another nugget of knowledge you didn’t catch prior. This course is not intended to replace reading the text, only to supplement it. I have reorganized the material in an alternative fashion in hopes that a different perspective will shed some light on an otherwise complex topic. I suggest taking it slow, there’s no need to drink from a fire hose. You can only eat an elephant one bite at a time.
Be prepared to relearn things you thought you already knew. Be prepared to have an open mind and discard previous concepts you once thought were important. Unlocking the power of the Elliott Wave Theory is a learned behavior, no one has a natural talent as the concepts go against our primal instincts as humans. I ask that you have an open mind as you progress through the material. Ambition and logical intelligence is a must. It will take time and you will be frustrated along the way. You are the only one who can overcome those emotions. Temper your expectations and train your mind to be realistic. If you are looking for an approach to the market that is correct 100% of the time, look no further. I say that, not because you’ve finally found that approach, I say that because that approach does not exist. However, if you are ready to settle for a time tested and proven method of analyzing the market and profiting from that analysis, then you’ve come to the right place. It is important to remember, we are not perfectionists, we are also not to be held captive by possibility. We are proprietors of probability. That’s what masters of this course become.
I also suggest you obtain a trading view account. You can get a free chart or a subscription for more features. The choice is yours as you progress. Also, when you are ready to trade, you’ll need an exchange. You can use any exchange you prefer, if you are unsure, here are two options that you can try out: BingX and MexC.