By understanding the fundamental principles of Elliott Wave Theory, traders can identify potential market trends, entry and exit points, and areas of reversals. In this guide, we will explore everything you need to know about Elliott Wave Theory, including its structure, key principles, practical applications, common pitfalls, and how to integrate it with other technical indicators.
1.1 My Unexpected Journey into Forex A few years ago, I found myself at a financial crossroads. Bills were piling up, my 9-to-5 job barely covered my expenses, and the idea of financial freedom felt like a distant dream. I knew I had to find a way to make extra income, but nothing seemed to…
Nigeria is on track to become a global leader in cryptocurrency adoption. With the market projected to reach $2.9 billion by 2025, the opportunities for investors, businesses, and everyday users are vast. While challenges exist, the potential for growth is undeniable.
The cryptocurrency industry is no stranger to regulatory battles, but the latest developments in Nigeria’s crackdown on Binance have sent shockwaves through the global crypto community. With accusations of money laundering and economic sabotage, Binance finds itself in a heated legal battle with the Nigerian government, raising concerns about the future of cryptocurrency regulation in Africa’s largest economy.
Bitcoin has gradually evolved from being an alternative digital asset to a mainstream financial instrument. Institutional investors, corporations, and even governments are increasingly acknowledging its potential as a store of value. U.S. states considering Bitcoin reserves align with a global trend of sovereign wealth funds and municipalities integrating digital assets into their portfolios.
Macroeconomic indicators play a crucial role in shaping the financial landscape, and this week’s economic releases could have a significant impact on crypto markets. Key reports to monitor include inflation figures, job market updates, and consumer confidence levels.
Riot Platforms is making waves in the Bitcoin mining industry by welcoming former Hut 8 CEO Jaime Leverton to its board, signaling a bold shift towards artificial intelligence (AI) and high-performance computing (HPC). This strategic expansion aims to leverage Riot’s existing mining infrastructure for new revenue opportunities, as the company evaluates its Corsicana Facility in Texas for AI integration.
A strong trend is occurring when the ADX is 25 and above; likewise, there is no trend when the ADX falls below 20.When the +DI line is greater than the –DI line, the bulls have the directional edge. However, when the –DI line is above the +DI line, the bears have the directional edge. As with all technical trends, traders use several indicators to confirm a movement.
The forex market, also known as the foreign exchange market, is the world’s largest financial market. With a daily trading volume exceeding $6 trillion, it offers vast opportunities for individuals looking to profit from currency price movements.
Forex trading, by nature, is unpredictable. The slightest economic shift, political change, or unexpected event can send currency prices skyrocketing or plummeting. These shocks can drastically alter the course of a trade, disrupt careers, and, in some cases, cause significant upheaval in the global financial system.
