Courses Infomation
How to Use the Elliott Wave Principle to Improve Your Options Trading Strategies – Course 3: Volatility Strategies
How to Use the Elliott Wave Principle to Improve Your Options Trading Strategies – Course 3: Volatility Strategies
Create a plan to profit from volatility.
In the third in a multi-part series of courses on options trading, you will learn how to employ the Elliott Wave Principle to enhance your options trading in this fascinating course. (Note: For this course, neither Part One on Vertical Spreads nor Part Two on Range Bound Strategies are requirements.)
Wayne Gorman, a senior tutorial instructor, talks you through important option methods that may help you profit when markets are at their most turbulent. You’ll be able to implement the tactics to your own trade after seeing exactly how they operate. These tactics consist of:
Extended Straddle
Long Straps With Strangle Strips
This is what you will discover:
Which waves provide the highest chances for a profitable trade?
What time periods correspond to which options trading strategies?
How to use Fibonacci ratios and other Elliott wave principles
How to foresee erratic market conditions and what kind of wave shape to predict
Where to place entry, price target, and exit levels, and how to do so
How to more effectively decide whether to keep the post open till it expires
How to get the best risk-to-reward ratio
the best way to adjust strike prices and expiry dates
When should you leave every side of your position rather than just one?
Free Basics of the Wave Principle with any order of $79 or more when you order today.
All the fundamentals of the Elliott Wave Principle are covered in this 90-minute online video, including its rules and principles, wave personalities, wave structures, and Fibonacci correlations. By the end, you’ll be able to recognize the fundamental patterns in pricing data and know what to anticipate.
What is forex?
Quite simply, it’s the global market that allows one to trade two currencies against each other.
If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.
If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.
Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.
An exchange rate is the relative price of two currencies from two different countries.
You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!
You’ve exchanged one currency for another.
Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.
Currency Exchange
Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.
It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.
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