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.
Lets 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 its worthless they dont 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. Ganns 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 Ganns 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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