Articles for: Gann Analysis

When we keep hearing how volatile the market is, it is tempting to think that it will always be hard to find a good trade

The great Jesse Livermore (1877-1940), regarded by many as the greatest trader who ever lived, said: “Speculation (i.e. trading) is nothing more than anticipating coming movements”.

Most traders are familiar with CFDs and the concept of paying interest on long positions and receiving interest on short positions.

When you first decided to start trading the financial markets, were you thinking, “I want to be able to forecast so I can impress my friends”, or did you think “I want to make money and be financially free”?

It has been a dramatic few weeks on global stock markets. The impact of the credit crunch and years of easy debt, that is simply not available now, is really starting to hit home.

To paraphrase the Ralph Waldo Emerson quote with which W.D. Gann opens his first book, The Truth of the Stock Tape, no man can learn what he has not prepared himself to learn.

After rallying strongly for most of 2007, the British pound (BP-SpotV in Profitsource) copped a beating over November and December, falling over 1500 points to the current lows (in early January).

To say it’s been a big week in terms of market movements is an understatement.

The British Pound (BP-Spotv in ProfitSource) experienced some heavy selling last week, including a drop on Wednesday of over 350 points.

Gold has been in the headlines recently, after taking out last years highs and pushing on past the $800 an ounce mark.