Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Ho Chi Minh Discovers the Elliott Wave Theory

Ho Chi Minh Discovers the Elliott Wave Theory
09.07.2019 Education & Events

From 22 to 23 June, FXTM’s esteemed Head of Education Andreas Thalassinos was back in Ho Chi Minh, Vietnam with his brand-new educational series ‘Trading with Elliott Wave Theory’.

The Elliott Wave theory is one of the fundamental concepts in technical analysis. Elliott defined a number of wave patterns that appear during the lifecycle of a financial instrument and identified guidelines for when they appear. Traders can use these patterns to forecast potential trends and identify possible opportunities in the market. 

Seminar and workshop attendees enjoyed studying new techniques and strategies, including:

  • Identifying the different types of wave
  • Understanding reversal patterns
  • Recognising entry opportunities in the market 
  • Calculating price and potential take-profit targets
  • Discovering Fibonacci retracements and projections
  • Applying risk management rules
  • Exploring crowd psychology and contrarian theory

We were pleased to receive such encouraging feedback on each session. It was the first time that some of our guests had attended a practical session, but they reported to have found Andreas’ clear and informative teaching style very effective.  

We would like to thank everyone who helped to make the day such a success! We really enjoyed meeting so many of our traders in person.

FXTM remains committed to offering educational incentives to our traders around the world. Feel free to visit our seminars page to see if there’s an event coming to your area soon. 

Are you trading with a global, award-winning broker yet? Open your FXTM account today!

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