The “Carry Trades” strategy is one of our favorite trading strategies, because with it you largely get profits by simply holding on to your positions (given that no significant market fluctuations occur). Various market fluctuations on the global markets after the 2008 financial crisis have significantly lessened the number of traders that follow this strategy. However, we have witnessed a resurgence of this strategy in the recent years, due to optimism rising, and market charts attaining a more stable appearance.
Once of the most popular, and least understood theories of technical analysis in Forex is the Elliott Wave Principle. Developed by Ralph Nelson in the 1920s as a method of trend forecasting for stocks markets, the Elliot Wave theory applies fractal mathematics to market fluctuations in order to create forecasts on how market sentiment will behave. In Essence, the Elliott Wave theory states the the market always moves in series of five upward waves, and three downward waves, which repeat themselves. However, if everything was as simple as that, virtually anyone would be able to easily benefit from this scheme, riding trends as they appear. Obviously, things are somewhat more complicated.