Dow theory
 
Charles Dow developed the Dow's theory from an analysis of market price action in the late 19th century. Dow was co-owner and editor of the Wall Street Journal until his death in 1902. Although he has never written books on these theories, he has written several editorials reflecting his views on speculation and the role of railroad and industrial vehicles.
 
Although Charles Dow is known as the person who developed the Dow's theory, they were SA. Nelson and William Hamilton will later bring the theory to what it is today. Nelson wrote the ABC of Stock Speculation and was actually the first to use the term "Dow Theory". Hamilton further developed the theory through a series of articles published in the Wall Street Journal from 1902 to 1929. Hamilton wrote The Stock Market Barometer in 1922, which attempted to explain the theory in detail.
 
In 1932, Robert Rhea   further developed the Dow and Hamilton's analysis in his book The Dow Theory free forex signals . Rhea read, studied and deciphered around 252 editorials in which Dow (1900-1902) and Hamilton (1902-1929) conveyed their thoughts on the market. Rhea also referred to Hamilton's stock market barometer in her study.
 
Our Dow free forex signals theory presentation in this article is based on Rhea's free forex trading signals The Dow Theory, which organizes Dow and Hamilton's writings into a series of hypotheses and theorems  . Wherever possible, we have tried to relate some of the facts of today's market to the Dow theory, as explained by Dow, Hamilton, and Rhea.
 
Dow and Hamilton's goal was to identify the main trend and catch the big moves. They realized that the market was affected by emotions and was prone to overreaction both up and down. With this in mind, they focused on identifying and tracking: identifying the trend and then following the trend. The trend continues until proven otherwise.
 
Dow Theory helps investors determine facts, not make assumptions or predictions. It can be dangerous when investors and traders start guessing. It is a difficult game if not impossible to predict the market. Hamilton immediately admitted that the Dow Theory was not infallible. While Dow's theory can provide the basis for analysis, it is intended to be a starting point for investors and traders to develop analysis guides that they are comfortable with and understand.
Forex signals Reading markets is an empirical science. Therefore, there   will be exceptions to the theorems proposed by Hamilton and Dow https://www.freeforex-signals.com/ . They believed that success in the markets requires serious study and analysis, full of successes and failures. Success is great, but don't be too satisfied. While failures are painful, they should be viewed as learning experiences. Technical analysis is an art form and with practice the eye gets sharp. Examine both successes and failures with the future in mind.

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