2Bull Forex Blog

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 apply 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.

4. 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.

You must be cautious and exercise due diligence, while selecting a share broker. Remember that you are the customer and apart from making the decisions, you need to keep checking on the activities of your stockbroker.

Don`t let an online broker pressurize you or influence you to make stock investments you are not comfortable with. Build up a relationship based on trust with a successful stockbroker and you will be on the right path to creating wealth on the stock market.

Find a stock broker who meets your requirements

You don`t have to be an expert with a degree in economics or business management to invest in the stock market. All you need is the advice of an experienced financial broker whom you can trust to do your stock investing.

Different types of services are required by stock investors, to meet their needs and basically, stock brokers offer three different levels of service. You can deal with a finance broker who will only execute your orders to buy or sell shares. You can take the advice of a different stock analyst or financial advisor and make your own decisions about which shares you want to buy or sell.

You can also ask a trading broker to give you expert advice and recommendations based on your goals, risk-taking capacity and financial resources. Ask the finance broker to explain recommendations clearly, so you can make good stock investment decisions.

Brokers also offer services that allow them the discretion to make the decisions to buy or sell stock shares on your behalf. They must contact stock investors regularly and keep them informed about the status and value of their investment portfolio.

The best stock broker for you

As a stock investor you need to think about your investment philosophy and level of knowledge about the stock market. Based on this, you can select a stock broker who will provide the appropriate level of support and advice.

Talk to several brokers and make a stock broker comparison, before you make a decision. Be candid about the amount of money you want to invest. Inform the brokers about the type of services you require and see if they are capable of meeting your requirements.

Ensure that stocks brokers have the necessary licenses and certifications, before you start dealing them. Ask them about their approach to investing and their procedure for making decisions. Ask them if they dealing in the products or services of any company, in which they have a stake.

Ask your relatives, friends or co-workers about their experiences of dealing with the investment broker. Visit the brokerer`s office personally and draw your own conclusions, before you make the final decision.