The Carry Trade strategy in forex trading involves buying a high yielding currency and selling a lower yielding currency. In doing this you will capture the interest rate differential. For example if the New Zealand Dollar has an interest rate of xx and the Japanese Yen has an interest rate of xx. If an investor
Rollover describes the process where the settlement of an open trade is rolled forward to another value date. In the Forex Market trades must be settled within two business days. However, open positions can be swapped forward to the next settlement date. Normally, open positions are automatically rolled forward. The interest rate for such a
Three White Soldiers is a three candle bullish reversal formation. This Japanese Candlesticks pattern occurs in a downtrend where three bullish candles occur in succession, each candle has a higher close and each candle opens within the previous candle’s body. Opposite of Three Black Crows
Robert Prechter is a famous proponent of Elliott Wave analysis. He correctly predicted a large bull market in 1982 and also accurately called the market top shortly prior to the 1987 crash. Prechter’s Elliott Wave International (EWI) is the world’s largest market forecasting firm. Prechter attended Yale University on a full scholarship, graduating in 1971
A technical analysis market timing strategy published by Ralph Nelson Elliott. Elliott Wave Analysis is based on repetitive wave patterns and the Fibonacci number sequence. The theory asserts that the stock market moves up in a series of five waves and down in a series of three waves, predicting price movements on the basis of