November 25, 2008
Wave59 Can Be A Huge Help For [business|companies]
The Wave59 online stock program doesn't get nearly as much attention as some more mainstream platforms (although they might deserve the attention), but no one can deny it's unique. Everyone has heard the use of exactly the same indicator over and over again until they are tired of hearing about them. Indicators such as Stochastics and Moving Averages isn't exactly what I'd call revolutionary.
But Wave59 has a wide range of tools that can't be found anywhere else. For instance, they use astrology indicators, like an ephemeris and many others. Now, no matter what your opinion is on the subject, there is definitely and interesting correlation between the history of price action & movement with the astrological signs. The thing that wave59 is most noted for is that they came up with the Fibonacci Vortex. It's this incredible pattern that let's you pick with great accuracy the of high and low swing points to the pip, many times. The only trouble is that it is not exactly mechanical by nature. There is a great deal of interpretation that is required.
You can also design your trading system, just like you could with Metatrader, but a big difference is that with Wave59, you could use neural nets to devise your indicators. While many people feel that the software is very impressive, there are still quite a few people that have a hard time putting it all together to have success trading forex. I think that has a lot to do with how different this tool is compared to others, so a lot of people just aren't used to it. It doesn't matter how you feel really, I think that Wave59 provides at least some value, and people interested in stocks and forex should at least give it a look. If it's not what you're looking for then there is really no harm done, and is it is then it would be a big help. That's why I figured I'd write wave59.
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