In this Face2Face video, we have with us Mr. Vivek Bajaj, co-founder, StockEdge, Elearnmarkets, in a conversation with Mr. Heeralal Sharma. He will talk about one of the science behind trading, which is the Elliott Wave theory. This is one of the complicated topics in trading which will be explained by a trader from a small town in Rajasthan. The catch is that you will have to watch the video till the end for a better understanding.
The Elliott wave principle is a form of technical analysis that helps traders in analyzing the financial market cycle. With the help of this Elliott wave theory, traders can forecast market trends by identifying extremes in prices and investor psychology. Elliott Wave Theory suggests that movements of the market follow a sequence of crowd psychology cycles. The Elliott Wave Patterns are formed according to the ongoing market sentiment, which alternates between bullish and bearish cycles. We will keep discovering the various principles of the Elliott Wave theory, which is the background of the strategy that he follows. The trick is to concentrate on the charts and graphs he will present in this video to teach our learners about the different waves that affect trading on the whole.
Due to his experience in stock market trading and sub-brokerage, he has been able to cover various aspects of the financial sector in this video. It is important to learn how the waves make an impact on the share market and the stocks, so people who use this strategy can predict the movement of the trade while trading. He will also talk about the motive waves and the combination of the Elliott Wave with Moving Average Convergence and Divergence (MACD).
Watch the whole video to understand the complexity of Elliott Wave Theory from a farmer turned stock market trader so that.