Please note that investing in any type of financial market is a risk so please read the following warning!
High Risk Investment Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss in excess of your deposit and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Due to the high risks involved in trading and investing in financial markets I developed this app based on the Elliott Wave principal and have adhered to their wave structure by using computer analyses. The Elliott Wave principal is based on analyzing historical data the more data the more accurate the wave count. The Elliott Wave principal is best used as a guide when trading markets, as markets can change in a ‘heart beat’. Wave movements are based on historical data and therefore by definition can never truly predict the future.
As a technical analyses tool the Elliott Wave App helps label the market movements more accurately than by hand. Since the markets are constantly moving it can be hard to keep track of the coming waves.
I have designed the Elliott Wave app to work on the most commonly used market charts provided by FXCM trading platform such as the hourly H1, H4 and 30 minute chart M30. However the app is far more accurate when the data is either by day D1 or by weekly W1.