About ElliottWave

ElliottWave.com provides an excellent resource to track current market conditions and future forecasts. For those who are new to Elliott waves, these are patterns in stock price movements (or as purists like to say, patterns in social moods) that move three steps forward and two steps back – in either a bullish or bearish direction, depending on the underlying trend.

ElliottWave.com is named after this principle and is one of the premier institutions on the Internet where specialists can spend all their time looking at Elliott Waves. However, they are not the only specialists in Elliott Waves, as several other players in the space exist. That said, ElliottWave.com is especially a strong player in the space because it is able to provide:

Established within the last decade, ElliottWave.com offers technical analysis and education that really can help all users with what they need to succeed in the space. Robert Prechter, who took his claim of fame through his 444% return in a monitored options trading account during the U.S. Trading Championship in 1984, founded the website. The Financial News Network, now CNBC, also proclaimed Prechter “Guru of the Decade”.

Mainly based on the Elliott Wave technical analysis, this technique can be quite difficult to comprehend and to use in trading. The website has a total of 8 analysts working for them full-time that are experts at using these techniques in their specific market. And with their markets being U.S. stocks, European stocks, Asian stocks, currencies, global interest rates, energy, metals and commodities it looks like there is something available for a diverse range of traders. Let’s delve further into some of the top features that the site provides to those interested in using its services.

Top Features Of ElliottWave

Upon visit to the ElliottWave.com homepage, users are greeted with a nice clean and organized webpage. The layout of the site is very structured, crisp and clean with a nice large welcome video in the center of the page. Upon watching the video, users are welcomed to the site and encouraged to sign up for the service if they are interested in trading. The nice part about the service is that it does not cost anything.

Registering for the Free Membership gives users access to the CLUB EWI Library as well as some free Elliott Wave 101 tutorials. It is in the tutorial section that users are able to find educational reports, videos and a complementary trial for newsletters. This section is very helpful, especially for beginners who are just making their way into the trading space. It is able to provide people an easy way to sample their products and start learning about Elliott Waves.

Elliott Wave International offers many educational resources about Elliott Waves. There are books, ebooks, DVDs, videos on-demand, live online events and live in-person events. Few have a steep price, but most have a relatively normal price and are recommendable to traders that want to learn from some of the best on the topic. It is really quite convenient that the site includes such services because this is especially necessary for those who are completely new to the space and just need to be taught what to do and how things work.

Once you are a registered member on the site you can also easily sign up for the paid subscriptions. Users can either go for combined subscriptions called “Essential Services” which offers a discount or mix and match your own combination of subscriptions under “Partial Services”. There are a total of 11 Partial Services that make up the Essential Services.

One additional feature that is somewhat new to the site, is the flash services that allow for trading. Although still in beta, and not recommendable to actually trade, this automatic trading idea generator can give you some quick mechanical help for where to look in market changes.

ElliottWave Prices

As mentioned previously, the overall basic membership to the ElliottWave website does not cost anything. However, there are a number of more advanced services that the service offers which can cost anywhere from $19 to $59.

Overall, the price for some of these additional memberships is not too pricey and can be paid easily on any budget. There are 11 different subscription models available on the site so it’s best to actually visit the website yourself to check out all of the differences between options. However, some highlights include newsletters and market forecasters that are catered to the European, U.S. and Asia-Pacific markets.

Criticism Of ElliottWave

Some of the biggest criticism of the EilliottWave service is that there are really too many product offerings which make it very confusing and overwhelming for the typical user. While the free subscription model does make it easy for the basic user, if someone is interested in more advanced information and instruction on trading, there are simply too many options that it really can befuddle the user.

Another compliant of the site is that it simply is too busy, with too many links and clutter around the pages of the site. It can often be distracting because there is just so much text and links to unnecessary articles and extended pages. This really does not help lessen one’s confusion of the product and if anything it only worsens the complications of using the site. Another issue that many people seem to complain about is that the live help and support is not always there to serve its members. The hours for the support center are a little bizarre and do not align well with trading hours.

Customer Support

Speaking of customer support and service, ElliottWave does have a number of ways in which users are able to get in touch with representatives. The ways to get in touch are fairly standard with e-mail, phone and live chat. As mentioned previously, the customer service hours are not 24/7 and the hours change depending on the day. Therefore, users must be cognizant of the help hours and should not expect responses in a super fast timely manner. Depending on the nature of your inquiry will also effect how quickly you receive a response.

Conclusion

ElliottWave.com is a nice place to start for beginning traders who are interested in learning more on the Elliott Wave theory. There’s also enough advanced material for those who have a more thorough understanding of the topic as well. The site tries to be as straightforward as possible in its teachings and design, but it does fall short in communication and easy of use in some ways. That said, there are still a number of educational resources that make for good reading material and best of all basic access to the site is free of charge!

Those looking for an upgrade and more information on global markets, will also be able to get what they need out of the site. All in all this service offers many newsletters and resources that are of high quality and recommendable to traders interested in Elliott Wave theory. The prices for these newsletters and services are also quite reasonable and can be purchased on a month-to-month basis, with a cancellation option available at any time. There’s a lot to cover with regards to the Elliott Wave theory and although it can be complex, ElliottWave.com tries its best to make learning and engaging in trading as easy as possible. So take a peak at ElliottWave.com today and you’ll be an expert in the Elliott Wave in no time!