W D Gann - Made Millions Trading - How Did He Do It?

Gann is perhaps one of the most famous traders of all time and although he has been dead for half a century savvy traders all around the world still use his methods for big profits.

So how did he make big profits and what can we learn from him? Lets find out.

Universal Law

Gann believed that everything was governed by universal law including:

Human nature that governed market movement.

As human nature was constant and never changed by looking at past price charts patterns could be detected and acted upon.

Gann set about devising a method that was revolutionary at the time and included a number of different inputs from Fibonacci numbers to Gann angles.

Gann believed that price and time were the keys to market movement and that time was the ultimate indicator - as all of the universe is governed by time.

Was he right?

The answer is no but he did make a lot of money! Lets look at this in more detail.

If you think about it - If there was a universal law you would never get a trade wrong and the fact is Gann made a lot of money, but he did have losing trades.

He was right about the odds

He was right in that human nature was predictable and that certain price formations gave high odds of trends developing but they were not or could never be 100% accurate.

He was able like many technical analysts to spot trades that put the odds on his side and therefore he piled up huge profits over time.

What we can learn

Gann wrote a huge volume of work and left it for others to read and what is clear about is writing was his conviction in what he was doing and this is something all traders need confidence - as this gives discipline.

He also had a deep insight into human nature and many of the price patterns he looked for reflected this and many of his tools were unique and remain so today.

So what you can learn from Gann is that you can't win every trade, as the law that governs markets can still be unpredictable because humans are and always will be. However:

You can spot high odds opportunities that give you a great chance of making long-term capital gains.

We all want to perfect and buy tops and bottoms but the acid test of any system is simply if it can make money.

Gann achieved this and left a system that made him millions for everyone to use and profit from and he remains one of the greatest influences on trading history ever.

MORE FREE GANN TRADING INFO

On all aspects of becoming a profitable trader including articles, feature, downloads and systems and an exclusive Gann Trading Course visit our website at http://www.net-planet.org/index.html