Forex encyclopedia

Are you a losing trader? Have you been struggling to profit from the foreign exchange markets? Have you tried a number of strategies and each time you fail to make profits? If you’ve been losing your money to the market, then you’re not alone because I was once like you. A full time forex trader Jay Lakhani said, “Failure is a man who has not learnt from his blunders.” Also, Dale Carnegie said, “Develop success from failures. Discouragement and failure are two of the surest stepping stones to success.” And another person said, “You can’t let your failures define you. You have to let your failures teach you.” In the light of these quotes, I tell you the truth, you can’t be successful in life if you quit or give in to discouragement and failures. Therefore, you must keep your hope alive, and keep keeping on until you achieve your desired goals in the foreign exchange market and in life generally. I’ve written this highly profitable trading strategy to help bring your struggles to an end.

William Delbert Gann considered that markets move in accordance with the laws of geometry. One of his major geometrical instruments was the line at an angle of 45º. He also use angles built on the basis of this line. The Gann line is also called a balance angle (1×1), in which one price range corresponds to one time period.