Elliott Wave Theory Explained

21 February, 2018

When trading the financial markets, progress is shaped by three waves in the direction of the prevailing trend, and two corrections in the opposite direction.

Ralph Nelson Elliott named and defined a number of wave patterns that recur during the lifespan of a financial instrument and also set the rules and guidelines where they appear. 


Pattern, ratio and time are three very important aspects of Elliott Wave Theory:

  • Pattern refers to the wave patterns that are present in the market.
  • Ratio refers to the possible retracements and price targets by analysing the relationship among different waves.
  • Time relationships confirm the wave patterns and ratios. 
  • Join Mr. Thalassinos’ detailed 2-hour discussion on the 21st of February to learn more about this very important technical theory! 

Speaker Andreas Thalassinos (BSc, MSc, MSTA, CFTe, MFTA)

FXTM’s Head of Education, Andreas Thalassinos, is a respected FX educator and Certified Technical Analyst. He is a recognised authority in the forex industry, and renowned for his expertise in algorithmic trading.

After years of consulting with FXTM on a number of key projects, Andreas officially joined the company in June 2016 and is the principal driver and architect of FXTM’s extensive educational programme. His department’s international seminars and workshops provide clients across the world with on-location support, while his webinars, e-books, educational articles and videos, form the cornerstone of FXTM’s multilingual, open access training resources. The training is tailored to traders’ needs by region and experience level.

Thalassinos has been awarded a number of international professional certificates including: MSTA by the Society of Technical Analysts (UK), CFTe and MFTA by the International Federation of Technical Analysts (USA) – the highest qualifications in the technical analysis community. He also holds a BSc and MSc in Computer Science from University of Louisiana at Lafayette and Bowie State University, respectively.

  • Location FXTM Nigeria, Lagos Office
  • Date 21 February 2018

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