20 April, 2012
By Elliott Wave International
In the play "The Secret to Freedom," Pulitzer prize writer Archibald MacLeish had a character say this:
The only thing about a man that is a man is his mind. Everything else you can find in a pig or a horse.
MacLeish knew how to state the truth plainly.
And the truth is, you can use your mind in any way you wish.
When it comes to financial markets, most allow others to do their thinking for them. You’ve heard the phrase "the blind following the blind." Yes, they both fall into the ditch.
At Elliott Wave International, our mission is to keep our subscribers out of the ditch. To do so, we must first do our own financial thinking before offering our conclusions to subscribers.
Robert Prechter found it easier to think independently by being physically removed from Wall Street. In this excerpt from the book Prechter’s Perspective, Prechter was responding to an interviewer who asked about Prechter living 60 miles north of Atlanta:
It’s an advantage in my opinion to be away from the storm of mass psychology that exists in the financial centers. I have purposely distanced myself from New York to avoid the overload of superfluous information that you are exposed to there. I am an observer of crowd behavior. I think it is extremely difficult to shield yourself from the crowd’s influence when you are part of it.
Now, we don’t advocate contrarianism for its own sake. That would be just as big a mistake as letting the Wall Street crowd do your thinking for you.
That said, our financial analysis is born of deliberate independence.
Granted, the crowd might be right for a time, but generally not for long, and never at important turning points.
Learn to Think Independently
Being an independent investor never goes out of style — whether the markets are bullish or bearish. Learn to challenge conventional notions about investing and explain market behaviors that most people consider "inexplicable" with the FREE 50-page Independent Investor eBook.
You’ll get some of the most groundbreaking and eye-opening reports ever published in Elliott Wave International’s 30-year history; you’ll also get analysis, forecasts and commentary to help you think independently in today’s tumultuous market.
Online investors who may have missed the chance to attend our recent forex trading seminars in Thailand, are now welcome to take part in our upcoming...
We are glad to inform our existing and new clients interested in acquiring useful knowledge about technical analysis techniques in forex trading that XM...
In line with our mission to provide effective forex education to traders and investors around the world, FXTM series of educational seminars...
FXTM Nigeria organised an Executive Financial Trading Seminar on 22 July, 2017 and the results were fantastic. Held at the Newton Park hotel in Abuja...
As of September, XM will be starting an intensive trading seminar series in various locations in the MENA countries, specially designated for online investors...
Spanish-speaking online investors willing to attend free forex trading seminars hosted by XM may be gald to know that we are soon starting...
This year XM have visited Thailand on numerous occasions to offer free forex trading seminars to traders in different locations of the country...
Early this summer the XM team returned to China with a free forex trading seminar presented by forex instructor Shawn Li in the city of Shijiazhuang...
After opening a position, many traders are not sure how they could possibly lock profits or even close a winning trade. In this one hour webinar...
|7||Fort Financial Services||71%|