{"id":15302,"date":"2010-11-13T04:17:34","date_gmt":"2010-11-13T09:17:34","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=15302"},"modified":"2010-11-13T04:17:34","modified_gmt":"2010-11-13T09:17:34","slug":"what-is-forex-gann-theory","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/11\/13\/what-is-forex-gann-theory\/","title":{"rendered":"What Is Forex? Gann Theory"},"content":{"rendered":"

By James McKee<\/strong> – When approaching the Forex currency exchange from an enlightened perspective you will find yourself not necessarily brash in your assumptions, but more confident when you carefully make one. Utilizing the tools and techniques you learn today for a more successful trade tomorrow is not only good for your bank account but your overall development as a trader.<\/p>\n

When it comes to the most important tenants of Forex trading Gann theory is at the top of the list. This system concerns itself with three primary areas: pattern, price and time. The pattern portion of this list refers to prices that could be identified as displaying a pattern with regard to commodities and stocks. Gann believed that these movements could be used to predict future price movement since patterns emerged.<\/p>\n

Gann also insists on constant observation of price with regard to its relation now to what it was before in an effort to see what it will be in the future. Observing price is as we all know very important to making or breaking a trade and should never be taken lightly.<\/p>\n

Time is of course vital to all aspects of Forex trading be it waiting on a currency to respond to a current event or waiting for a head to appear alongside shoulders time is critical. Knowing when to enter into a trade, when to get out and when to re-evaluate is something we all need to constantly check ourselves on.<\/p>\n

While Gann’s theory certainly seems obvious at first many traders I know do in fact end up taking the aforementioned topics for granted and get them selves into trouble. Maintaining proper strategy boils down just as much to basic principles as it does to complex strategies. This all relates back to my golden rule of Forex, do not assume…ever. When in doubt pull out my friends!<\/p>\n

About the Author<\/h3>\n

Author is a Forex trader and financial analyst residing in Denver, Colorado. To stay up to date on all the latest developments in the financial world and beyond be sure to check out the forex exchange rates<\/a><\/span> regularly.<\/p>\n","protected":false},"excerpt":{"rendered":"

By James McKee – When approaching the Forex currency exchange from an enlightened perspective you will find yourself not necessarily brash in your assumptions, but more confident when you carefully make one. Utilizing the tools and techniques you learn today for a more successful trade tomorrow is not only good for your bank account but … <\/p>\n

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