Legendary Trader Gann and His Commodity Forex Trading Systems

Gann was a prolific writer and wrote extensively, describing his thoughts on commodity buying and selling programs in the book and course series. Some of his ideas have been based on empirical studies, while others have been much more mystical in dynamics. Gann’s main argument was that particular laws governed not only the stock market, but also the dynamics and were universal in scope. Human psychology was also consistent according to Gann and this manifests itself in repeated value patterns.

“We cannot escape (excitement) in the future, it will cause additional panic in stocks. When involved, both traders and investors will sell stocks, as usual, after it is undoubtedly too late or within of the later stages of the bear market. ” Gann was aware that the human character was constant and that affected a large percentage of merchants. “Therefore, to create a success, the merchant must act in the way of overcoming the weak points that have caused the ruin of others” It is possible to examine much more about the idea that the human dynamic is repeated in the exchange of books of psychology. by Jake Bernstein, Jesse Livermore, Larry Williams, Van Tharp, and Jack Schwager.

One individual with the most important thoughts behind Gann’s commodity exchange programs was the concept of combining cost and time. Gann believed that essential cost movements occurred when cost and time converged. These points could indicate that an essential trend reversal was imminent. If, on the other hand, the sales price and time were not really coordinated, or did not necessarily converge, time took precedence over cost. Consequently, Gann regarded time as the ultimate indicator, as the entire character was governed by time.

“Just remember one thing, what’s happened in the past in the stock market and Wall Street will happen again. Advances in the bull market will come in the future, and panics will come in the future, just like what have done in the past. ” the operation of natural law … “and,” It is action in the only direction and reaction in the opposite direction. To make a profit, you must learn to follow the trend and alter when the trend changes, “said Gann.

You will find many commodity exchange devices to choose from. The Gann system, with its unique method of technical analysis, deserves serious consideration by any trader. If you are an intraday trader or long-term position trader, look like you are in Gann’s Commodity Trading Systems and see how they can help you become a much better and more informed trader.