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The Elliott Wave concept does have a steeper learning curve than other types of analysis, however, I have found that it is one of the best forecasting tools available to the forex trader. Usually, trending moves are bigger in terms of price change and take less time. Step 2:
Out of the Money means the underlying asset price is above the put strike price. However, if you decide not to exercise that right to buy the shares, you would only be losing the premium you paid for the option since you aren't obligated to buy any shares.
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