Foundation For Successful Trading

William McLaren By Asdfasd on Nov 10, 2020

eBook, Trading, William Mclaren, successful, Foundation

William McLaren - Foundation for Successful Trading

The purpose of this DVD program is to give you a firm foundation for trading and investing.

You should be able to trade and position successfully from a bar chart and volume. All else is built upon this knowledge, this foundation.

If your foundation is not strong, all else may eventually collapse.

Bill McLaren strongly recommends Gann Traders becoming very familiar with the Foundations material before going on to Time.

The foundation analysis is divided into five chapters. The pattern is of critical importance and is designed to give you a comprehensive understanding of the different types of trends. Our basic purpose in this business is to find the start of a trend and stay with that trend until it becomes "at-risk" of completing. We must therefore have a thorough understanding of the counter-trends (sell-offs in an uptrend and rallies in a downtrend) which conform to those specific types of trends. This knowledge allows you to safely enter trends with limited risk to capital and alerts you to a possible change in trend.

Volume is the driving power behind the markets and shows whether supply and demand are increasing or decreasing. Volume can be used to confirm the significance of price levels and the termination of trends and counter-trends.

Momentum can be described as the velocity of price in any given direction. Its value lies primarily through an understanding of patterns of trends.

The wave180-page structure is the number of drives and reactions to a trend. This can be very helpful in determining when a trend is at risk of completing.

Price is an understanding of support and resistance levels. All highs and lows are exact proportions of previous movements. Using this premise you will be able to forecast specific price levels where the markets will find support and resistance. "Foundations for Successful Trading" is Part one of Bill's Trading Education Program and is considered a prerequisite for Part two "The Time Factor" which has just been released in DVD format and is available from this website.

You'll get in your Foundations for Successful Trading Course 2 * DVDs crammed full of Bill McLaren's 30 Plus years of Trading Knowledge five hours of DVD instruction plus a CD with all the Resources a 180 page workbook plus an 80 page Work Shop Manual

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