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Gold Investing: Gold Trading Strategy For Consistent Profits With Gann Trading System, by Don Chauncey
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Investing in gold is very simple. Making money with your investment is another story. And there is only one single thing that separates profit from a loss, and that is knowledge, quite obviously. Anyone can make money by investing in gold and you need little capital to start with to make some fortune in your first year of trading. What you have to understand is that on a basic level, gold is not different than any other metal or commodity or stock or share or currency pair. All markets around the world follow the same law and they are all traded the same way. There are differences in cycles and volatility as well as market participants but the same law governs all markets. People do not know this so they think that you have to learn something new with each market. This is not true. Things are much easier than you think and the only reason why 99% of people who ever invest in any market lose their money is because they do not care to learn a thing or two about trading.
Trading/investing is the simplest business model I have ever came across once you know what you are doing and definitely the most profitable one in the world. No other business model can make you more money than trading. Not even Facebook or Google or Apple can grow as fast as one trading account in the hands of a knowledgeable trader can. Top billionaires in the world make their money through investments and there is a reason why. It is simply the most rewarding opportunity there is. And not just investing in gold but in any market of the world.
Know that knowledgeable trader is not the one who is trading for 30 years already, contrary to popular belief. Many traders trade for decades yet still lack a great deal of proper knowledge. I am talking about being a trader who really knows how to trade although you might just be starting out for real. All you need to make money trading gold is useful knowledge and nothing else. That should be obvious enough. That holds true in every profession in the world. If you do not know how to do something it will be impossible to get any results. By knowing, you clearly see how things must be done and create desired results even if you are just starting out. A pilot will fly a plane easily and safely the first time he sits in the actual plane simply because he had his training and had learned what he had to beforehand so there is no more friction between him and the plane. They become one. And so you must become one with your gold investing by knowing exactly what is going on at any moment and making easy choices.
Investing in gold is done by doing proper analysis of the chart as this gives you proper outlook into the future based on the past. This is actually quite easily done with proper tools and knowledge. This book will let you in on the knowledge that some of us use to be able to predict market movements with great accuracy. This is how multimillionaires and billionaires are born. Know how to trade and you will never need to depend on hope and false speculations.
Chapters included in the book:
- Introduction
- The Basics
- Chart Analysis
- The System
- Trading Rules
- Money Management
- Conclusion
- Sales Rank: #1201587 in eBooks
- Published on: 2015-04-29
- Released on: 2015-04-29
- Format: Kindle eBook
Most helpful customer reviews
1 of 1 people found the following review helpful.
Very good!
By Kathleen Cullins
Very good write. Great read.
0 of 1 people found the following review helpful.
Basically a 'Gann fan' trading system
By matt haines
The author describes a Gann fan as his main method of reading charts and trading. The problem with this type of 'chartist' technical trading is that it is very subjective. Should I draw my line here or there? When you are drawing support lines with the benefit of hindsight, prices seem to magically line up with those lines. Doing this in realtime however is a very different story. A quick look at a a few randomly chosen points in time on a gold chart, and I saw nothing that remotely worked like what the author described.
The book is written with poor grammar and so is a little painful to read. Coupled with such statements as "95% success rate" and "your first million" and I'm forced to cringe. Not worth a read even if you're getting it for free via kindle unlimited.
0 of 1 people found the following review helpful.
Very vague.
By Alan Kamhazi
It serves as a good introduction for $0.99. On the other hand, it doesnt explain the basics nor the strategy itself thourghly.
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