Dayton, OH (PRWEB) April 30, 2013
After many years of rallying, Silver had a large percentage depreciation in price action that has left many traders confused as to the next trend of the market. Through the use of Elliott Wave analysis, CaesarTrade FX-CFD has generated expectations as to the future course of Silver immediately and in the near future.
Elliott Wave analysis, discovered in the 1930s by RN Elliott, attempts to find repeating patterns in price data through the use of charts. The underlying theory believes that the chart data reflects human behavior that moves in three waves up and two waves down. The theory is simple to comprehend and apply. What creates confusion and the subjective nature of this theory is that waves form smaller and smaller waves, or fractals, and it is hard and confusing to discern as to what the next pattern or expectation will occur.
“I feel like I am Watson and Crick discovering DNA where they mixed and matched the DNA components until the Eureka moment,” states Eric Harbor, ceo, CaesarTrade FX-CFD. “The trick is not get too attached and drink the kool-aid. You poke around, have fun, and when you find some analysis that works you share it or trade on it.”
Eric Harbor is the ceo of CaesarTrade FX-CFD a boutique online Forex and CFD provider always trying to find an edge for its traders and those that interview him.
Eric is available for interview and can bring to the table ideas and thoughts that are relevant to the general audience in a manner that is memorable and engaging.