The Dow Theory has been around for over 100 years and while it is not always 100% accurate, it is something most equity analysts, investors and traders pay attention to. While it is applicable to equity markets only, in today’s interconnected financial markets it is important to have a broad view and deep understanding in order to spot profitable trading opportunities. The Dow Theory doesn’t impact the forex market directly, but ripple effects will be send through the system and it is wise to fully understand what caused the waves in order to trade profitably.