ElementalTrader Forex Patterns Recognition Software FREE Download Plus Training By Dustin Pass!
Dustin Pass is a professional forex trader who has made a fortune trading news releases. He has announced that he will be giving the Elemental Trader Software alongwith training on how to use this software FREE for the next few weeks.
August 1, 2011 (Newswire.com) - Over the last few years, many new people have switched from investing in stocks to trading forex. Forex trading is considered to be the best home business of the 21st century. But the problem starts when you try to trade forex without the proper tools and education. One of the most important forex trading tool that many new traders simply flat out miss is education and good training. There are many methods to trade forex but one of the best method is to spot high probability forex patterns that appear again and again on the different timeframes and different currency pair charts.
As a trader, you must be aware of the importance of spotting the right forex patterns. There are many different types of these forex patterns. Candlestick patterns are considered to be important trend reversal and trend continuation signals. Many traders use candlestick patterns extensively in their trading.
However, many traders might not have heard of harmonic patterns. Harmonic pattern trading is a technique that is equally valid for the forex, stocks, futures and other markets. What makes harmonic patterns important is that these patterns give 70-90% accurate trend reversal signals. In other words, these patterns give you the best times for buying low and selling high with lowest risk.
The problem lies in correctly identifying these harmonic patterns as they mostly lie hidden in Forex Charts. What most professional traders do is use a pattern recognition software that automatically identifies these high probability forex patterns and then use them in conjunction with Fibonacci Retracement to make the entry and exit decisions plus where to place the stop loss.
The importance of Trading Harmonic Patterns lies in the fact that they are 70-90% of time accurate in giving a winning trade. Keeping in view this high accuracy rate, most pro traders use these patterns often in identifying high probability trade setup on the different currency pairs.
Dustin Pass is a professional forex trader who has made a name for himself trading news releases. Before learning forex trading, Dustin was working as an auto mechanic when he developed an interest in forex trading. His biggest break came when he learned how to trade the fundamental news releases. He became an expert at news trading and developed his famous news trading software that made him a millionaire even before he was 30.
Recently, he put in a lot of energy and effort in developing a harmonic pattern recognition software that he has named ElementalTrader. Elemental Trader Software works on the MetaTrader 4 platform. He has announced that he will be giving the Elemental Trader Software alongwith training on how to use this software FREE for the next few weeks.