Part 2 of Elliott Wave International’s expansive NEW Deflation Survival eBook is online now. The free 60-page eBook is packed with Robert Prechter's

Part 2 of Elliott Wave International’s expansive NEW Deflation Survival eBook is online now. The free 60-page eBook is packed with Robert Prechter's most important teachings and warnings about deflation. This is one of the most valuable resources EWI has ever offered at no cost. Learn more below or download it now – for free.
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Greetings,

We contacted you earlier this week to tell you about an exciting, free 60-page eBook our friends at Elliott Wave International have just put together.

The new eBook is compiled from Bob Prechter’s most important teachings and warnings about deflation.

Much like Prechter’s wildly popular Independent Investor eBook, this new Deflation Survival eBook will transform the way you think – about inflation and deflation.

Most financial experts were caught completely of guard by the real estate top in 2005. Many thought the Dow Industrials index would sour well beyond its 14,000 peak. Others saw weakness in U.S. stocks but said the dollar would also crash and hyperinflation would immediately ensue.

Only ONE analyst, that we know of, made the following forecasts:

• Real estate, stocks and commodities would all top.
• A monumental credit crisis would reduce lending and borrowing around the world.
• The dollar would rally.
• Deflation would reign across almost all asset classes.

That analyst’s name is Robert Prechter.

Prechter – a man who’s made the arduous journey from fame to outcast and back – has scoured his complete writings on deflation and compiled the most important into a special 60-page Deflation Survival eBook.

Until today, most of the forecasts and advice in this still-prescient eBook have been released only to Prechter’s faithful subscribers. Now the 60-page Deflation Survival eBook can be yours for free.

Learn more about this unique opportunity by following the link below.

Do you have what it takes to become a successful Forex Trader?

Forex trading, or any trading for that matter, is an occupation that requires experience and the accumulation of proficiency not unlike any other highly skilled profession. Whether you are a leading executive at a major publically traded company, a professional golfer or trading from your kitchen table, there are 5 key ingredients that one must possess in order to become successful.

1. You must be Passionate about what you do.

As Forex traders we all face one unique set of circumstances that does not exist in any other profession. We get rewarded for when we succeed and equally punished when we don’t! Could you image a corporate worker one quarter receiving a significant accomplishment bonus and the next quarter actually getting money taken from their paycheck for missing performance targets? Not on your life!

We do as Forex traders and that is why passion for what you do will carry you through the tough times that are part of your trading business. Asked yourself why you trade currencies and would you still do it if Forex were not potentially lucrative? Your answers will be quite revealing. You’ve got to feel your passion for trading!

2. You have to Apply Yourself and work hard at it.

I talk to so many people that enter into Forex trading with the aspiration of getting rich quick. Without putting the time and energy into really getting good at trading I see them jump from strategy to strategy looking for the goose that will lay the golden egg and eventually quitting while blaming everything else, except the true cause.

I got news for you – you are the goose and your Forex education is the golden egg. The magic has always resided with the magician and not some strategy. Work hard at trading and the rewards will eventually come your way. Remember what Tiger Woods said, “Funny, the harder I work the luckier I get.” Apply yourself as a trader and it will be no accident when your account begins to blossom.

3. You must Focus to really get good at what you do.

Now here is the hurdle most Forex traders struggle to get over. You have the passion and you are applying yourself to your trade, now focus and really get good at just at what you are doing. Be the expert to the experts at just that one thing. Become the master of a strategy or risk management methodologies. Really focus on getting good at it.

Stop jumping around or getting pulled from the last “latest and greatest” into the next “latest and greatest” and focus on one aspect of Forex trading and know it inside out. Know it strengths and weakness. Set your sights on becoming expert on just one aspect of trading and watch it spill over in all other aspects for your currency trading. This is the time to fail forward fast, use every setback as a learning opportunity that will propel you 3-steps ahead!

You must Push Yourself beyond the point everyone else might have quite.

In Forex Trading this is simple. Assume there is someone on the other side of your trade that is pushing themselves and sharpening their edge. To be successful you must you must do the same thing. Now is the time to examine your mental edge. Do you know the single most critical factor in any currency trade? It is you, the trader! Sharpening you mental edge is the most difficult aspect of trading, but also the most rewarding.

Start with your Forex education and gain the self-awareness necessary to maximize your strengths and suppress your weaknesses. Any expert will tell you that trading is 80% mental. It’s time to sharpen your trading to the razor’s edge and you do this through Forex education. A constant and never ending process that will become the cornerstone of your Forex experience.

5. You must, without wavering, be Determined and Persist to your objective.

You will fail. I can state that emphatically. However, you will not be defeated unless you allow your failures to control your trading. It is the old adage; failure is not falling of your horse, failure is refusing to get back on. Your success depends on your ability to dismiss the criticism, rejection, self-doubt and pressures associated with Forex trading.

Defining what is a winning trade, losing trade and bad trade will go a long way into developing you as a successful trader. Without the determination and persistence in all aspects of your trading life, obstacle will definitely appear closer and larger than they actually are.

Take a moment and assess yourself and your trading. Do you have the key elements to succeed? Which areas are presents development opportunities? When conducting a self-evaluation it is critical to be totally upfront and honest with yourself. After all, you will only be dishonest with yourself. One of the most interesting observations you can make is that all key success factors are interwoven. One factor supports the other. This is why your Forex education is a continuous journey of forex strategy, money management and self-mastery. Set these factors as your Forex education goals and take your currency trading to new heights.

Forex Tutorials

Welcome to www.forexonlinelearning.com, the only resource you will need to start in the world of foreign exchange trading. This website features tutorials and video tutorials to help you get started and resources such as software, forums and trading firms that have been personally tested. The tutorials are meant to give the most basic investor insight in how the forex market works. These range from basic trading techniques, technical analysis, fundamental analysis, to the types of risk and money management needed to become a successful trader. You can also open up a demo account and apply the lessons we have given you to the real time forex market.

Forex Education

On this website you’ll find everything you need to begin your Forex Education and begin trading in the Forex market. Here are a few resources for starting your journey through forex education programs:

Forex Training

There are plenty of forex training websites today but very few are free and even less are worth reading. We hope that through our free email newsletter and forex training tools on our website that you’ll be able to learn the forex market and make money. Forex is something that can’t be learned in one day and it takes studying to become profitable. Don’t pay thousands of dollars to learn the foreign exchange market, our forex training program is free to all.
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Forex Brokers

Forex Broker – Sortable list of the on-line Forex brokers, divided into 11 categories. Detailed broker descriptions, reviews and rating by the traders.

Forex Trading

Forex trading is both gratifying and profitable, encompassing elements of both the stock market and other tradeable securities. Investors interested in trading forex should be ready for a steep learning curve however, but the results from the proper training can be incredible. Learning to trade forex is not a one step process, rather it is a long term investment in both your financial future and your own forex education.

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Opening an Account To open an account, simply fill out an application. It only takes a few minutes. Most applications are processed on the same business day. At Forex Club, we strictly adhere to the "know your customer" principles, rules and procedures established by the CFTC and National Futures Association, making it mandatory for all clients to submit an application. Who knows, signing up may be the greatest decision of your life. You'll never know unless you sign up, right?

Step 2 : Fund your account

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	CREDIT CARD
	Simply log in to MY FXCLUB, click "Deposit Funds" and input your card information and your funds will appear in your account in minutes. A processing fee of 2.24% to 2.59% will be charged to your Visa or Master Card, depending on the card. Deposits made with Discover Cards will not be charged a processing fee. If you deposit before the closing of a weekly trading session, the money will reach your account immediately, as long as your transaction clears. The end of the weekly trading session occurs at 21:00GMT on Fridays, except for holidays. LOGIN TO MYFXCLUB

	ONLINE CHECK
	Forex Club's US customers now have the option of depositing funds into their account via Checks. Write your trading account number on each check. Please note that check transactions are deposited to accounts only after they clear our bank. Use our convenient online check option to make a deposit by check: Online Check You can also mail your check to our office address: Forex Club Financial Co, Inc. 1200 South Ave. Suite 203 Staten Island NY 10314 Attn: Financial Dept.
	BANK WIRE
	Funds sent via bank wire will be deposited to your trading account as soon as they reach our bank. Forex Club does not charge any fees, but it is not responsible for any fees charged by processing banks.
	MONEY ORDER
	Money Orders are the one of the safest ways to send your funds through the mail. Money Orders can be sent to Forex Club Financial Company, 1200 South Ave. Suite 203, Staten Island NY 10314. Click to see how to write money order

This establishes your heavy selling and buying points and your minor buying and selling points. Price action and learning price action is now what you base your entry’s, stop loss and target points on; which by the way is another lesson all to itself. Now you’re set and as price make’s it way to and through these levels you can simply update them as needed keeping the 4 or so above price and the 4 below.

The next step is a simple process of maybe adding your trend lines and look for confluence between your horizontal support and resistance map and the angular view from trend lines. In these next few examples we’ll apply a few trend lines, we just don’t want to over do it and add so much to our charts it becomes unreadable and confusing. Its like the old saying of “if you give people too many choices they wont be able to make one” and this is true in trading.
The simplest way to apply trend lines are to look for the last 2 high points and the last 2 low points and connect them, these will also have to moved as price moves to keep pace with price movements. We’ll use the same approach as starting from the Daily chart and mark the most recent points there and then back to the 1 hour to mark the minor points.First the Daily chart and the most recent Daily highs and lows. In figure 6 I’ve marked the most obvious points. That’s something you should consider when placing trend lines as well as support and resistance levels and that’s “if you are not certain or it isn’t

Trading Forex From Your Analysis

Let’s do a quick analysis of the Euro and see what we come up with. It’s obvious the Euro has been trending down ever since the overall high of 1.6038 making an incredible drop to 1.2329, that’s a 23% devaluation in roughly 4 months.
Using Fibonacci and measuring this incredible drop in price we get our retracement points to this move. Looking at how price has reacted to these levels we can see defined support and resistance created at or around these levels. In the example below (Figure 1) we have the Euro weekly and the downtrend measured. Highlighted you’ll see the points that the market has retraced to and each time was successively lower each time, most lately retesting the 38.2 Level or the (Short) level. I say the short level but the market can retrace to the 61.8 level and still remain a short market, its just if price can be maintained below these levels it remains in a short condition. In order for the downside pressure to be relived the market will have to break the 61.8% level and be maintained above that and well see a Long market once again.

Figure 1
Now if we take this one step further and we measure the amount of price that has retraced into this downtrend, we will get the support points. If these support points (from the amount of retracement we get) show support and price bounces from them, we know that price will make another attempt to break the downward momentum and try to break that Downtrend Long level. In (Figure 2) we now measure the retracement to find out if an attempt to break Long will be underway what we find is support fails and the downtrend will continue. This is telling us the Downtrend is still prevailing.

Learning Forex Market Movements: Basic Support and Resistance

In this quick lesson we’ll go over the basic concept of setting up your charts to trade in a support and resistance market, then make an analysis based on your chart; which leads into developing a trading plan. We’re only going to use basic tools, horizontal lines to mark the support and resistance points we find above and below price then add a few trend lines to help see the patterns unfolding. We’ll start with a Daily chart and move to the 1 hour timeframe to trade from since the 1 hour timeframe is the closest thing to a universal chart as we can get.
First the Daily chart. What we are looking for are the recent turning points in the market and we are going to mark these with a horizontal line. The lines above price (resistance) we’ll color code red since the points above price are where we look for the market to turn short from and become selling points. The lines below price we’ll color code blue since the points below price (support) are where we look to buy at. In (figure 1) I’ve marked the closest Daily chart turning points above and below price. These are the immediate support and resistance points to price, that have proven to be a support or resistance point in recent history.

Now as we add support and resistance points what we want to check is, has price reacted to this same point in recent history other that the original point the market turned from. Something to note is that the markets are not mechanical entities where everything is perfect to the pip, there are times where you’ll see it almost seem magical that price reacts to within a pip a level but I assure you it’s nothing magical. The reality of this is each level should be considered a range around the actual horizontal line. The basics to understanding this is that as market orders are placed not everyone will use the exact same price some will place their orders above it some below it in a range. Add to that, that as the market moves to one of these levels it has to absorb the order flow that comes into the market which can cause overshoots as well as coming up short of the level, simply because there are enough orders placed early to this level being tested it absorbs the orders and a bounce or a rejection occurs, thus the market reverses direction; if it cannot absorb the orders around the level it is broken and price continues to move. There are slight deviations of price and charts from broker to broker that have to be accounted for…the slop I call it.
Other things we want to look for are do these levels align with previous transitional points in the market. These are the points where the market actually breaks the low or high of a previous trading period and reverses direction. We at Trade Kings Club call them Logic points. We also like to see highs of candles matched up in history with candle lows, which we like to call pivotal points. In figure 2 I’ve marked some of these points to our first 2 levels.

Many times I’ve seen a trader with one Fibonacci retracement tool on a small timeframe and wondering why price is not reaching a level or seemingly turning at a empty space on the charts. The reasoning for this is that Fib levels are traded from many different timeframes all at the same time and its best to know where all the higher timeframe levels are especially when trading from a small timeframe of 1 hour.
The object is to start from a higher timeframe here so that the trader can be aware of where the higher timeframe support and resistance levels are. In this example Ill set up a chart and make an analysis of each timeframe before stepping down to the next lower one. What this can do is help you to gain a perspective of price movement so that you can be prepared once price begins to move and you will not be at a loss as to why your trades do not work out.
In this example I'll use the EURUSD which is currently the most commonly traded pair and is easiest to trade. We want to start with the weekly and determine if there is trending in the markets and what direction is of that trend. First lets separate the chart into recent trending movements and ranging periods. Figure 1 depicts the ranging periods

Fibonacci is used many ways, but how many of you ever use it to determine the balance point between long and short? Fibonacci can be used to help identify reversal points in the market as they are unfolding and help give us one more tools in our inventory; to give you that ever so hard to keep edge in trading. Reversal signals are key in keeping pace with market sentiment. There are ways that we can use the Fibonacci tool as an aid in seeing these reversal points and to be able to look past its levels as merely support and resistance points. Used properly the Fibonacci tool can give you that looking glass that measures overall market sentiment. A simple observation is all that’s needed with the application of the Fibonacci tool to measure the balance between a long and short market sentiment. One day to the next can give us the direction that the market is most likely to take the following day along with a few basic rules of using the Fibonacci tool.Forex Training Video On How We Use The Fibonacci Retracement LevelsIn this Forex training video I strip down the Fibonacci tool so we can focus on the three main inner levels of the tool. The Fibonacci retracements are a critical part of trading as they provide entry points into the market where you are buying at wholesale. Remember you want to buy at wholesale and sell at retail to make money. Once again we use the Fibonacci to to frame the market and create our market lens. We do not use it as some magical indicator. It provides great opportunities to make money trading Forex; when used logically.

Yesterday brought to a close another good week for the Forex Trade Kings Club and myself. We have enjoyed 5 weeks now with our weekly targets being met and we expect this to continue. The more volatility there is in the markets the more we like it. This past week the Euro has fell to test the previous support left by natural support and resistance points. Initially this point has held in the 1.3300 range a second test here and we could see a failure this next time around. Looking at this movement of the Euro over the past week since the initial test of 1.3300 (figure 1) and the events that unfolded from that point.This week we'll look at using the Fibonacci retracement tool to gauge price movement and give some pointers on using the Fibonacci retracement tool. In this example we'll use the USD/Yen and start from the 4 hour perspective. (Figure 1) is the starting point where we watch the retracement. After making a high we see price begin to fall, find mild support and begin to move back up. As it moves back up we can use the fib tool to point out the resistance levels to price.