W D Gann is one of the most famous traders of all time and his
unique methods helped him make a fortune of around $50.00
million and best of all he wrote and recorded the way he did it,
so anyone can have access to his trading strategy and aplly it
for profit.
Trading is one of the ways that small traders can start with
small stakes and build real wealth quickly.
The good news is everything about trading can be specifically
learned and Gann outlined all his methods in writing for traders
to profit from and enjoy today.
His methods are applicable to any financial market from forex to
stocks to bonds so you can choose where to apply them, depending
on the risk you wish to take.
Let's look at why you should study Gann and his methods of
making money.
1. He Had a Track Record
Many e-book sellers or traders sell information but it's
worthless they don't trade it themselves and simply make up a
track record.
Gann made money and his track record and invited newspapers and
journalists to track his trades such was his confidence in how
to make money.
2. Gann and the Law of the Market Movement
Gann pointed out quite rightly, that market prices depended on
humans and that their psychology was constant - Because human
nature was constant this nature would show up in repetitive
price patterns that could be traded for profit
Gann was a technical trader and like all charts believed that
what happened in the past would happen again and the key to
making profits was to look for recurring price patterns to put
the odds in his favor
3. Gann's method The method was based upon several concepts and
one revolutionary which was his concept of price and time.
Gann believed that important price movements occurred when price
and time converged.
If price and time however were in synch or did not converge,
then time was more important than price.
Time for Gann was the ultimate indicator for seeking clues to
price direction.
As he once said:
"Just remember one thing, whatever has happened in the past in
the stock market and Wall Street will happen again.
Advances in bull markets will come in the future, and panics
will come in the future, just as they have in the past. This is
the working out of a natural law"
Gann had many components of his trading plan and his work with
the Fibonacci number sequence and Gann angles were legendary.
5. Learning Gann's Methods
If you have never traded before you will have to make yourself
familiar with the concepts of technical analysis and there is
plenty of free material on the net.
Then simply buy is books and study them - They take a little
while to get to grips with and you will need to practice the
method, but it will be time well spent.
When you have finished your study you will have a method that
you can understand and apply with confidence which is the key to
trading with discipline and you know it is based on sound logic
- as it made real dollars in real trading.
Gann has been dead for over half a century, yet savvy traders
all around the world are still building wealth applying his
unique and proven methods.
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