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Traders have long been using various trading techniques throughout the decades although there have been various changes that have occurred in the different markets such as commodities, stocks or futures. Whatever type of markets traders engage in, they can make use of the Gann Trading Technique in analyzing the direction of the assets and this would help them in making a more accurate prediction that may bring profits to them. There are three elements that are taken into consideration when applying the concepts of Gann and these are the pattern, the price and the time. New traders have to understand that they will have to take note of the past, the present as well as the future in any trading activity. Traders have to determine where the market was in the past and where it is at the present considering the top or the bottom points and so that they may forecast where it will possibly be in the future. Traders who make use of the Gann Trading Technique have to make use of the angles as their tools. They may do this by drawing it manually or through the use of software programs that can aid them in their analysis of the trends in the market. However, traders have to know how to make use of the angles on the charts or on their computer screens. They can make use of the trend line to determine the upward or the downward movements of the prices. Traders may be able to predict when changes may be expected because the speed at which the trends move happens at a regular speed or interval. This allows them to determine possible dates in the future when they can buy or sell their assets. However, the Gann angles do not predict the market movements but it helps the traders to identify where the angle will be in relation to the elements that are considered. Traders also have to take note of other factors that may affect the trends in the market. Certain geo-political situations for example may have an impact on some assets that are being traded around the world. Just like any other tools that are used by the traders, the Gann Trading Technique can be effective if they use it properly. However, they have to be open and understand the concepts and the elements of pattern, price and time that include the past, the present and the future whenever they transact assets in any market. One way to trade commodity markets and the forex markets is by using Gann trading techniques. However, both of these techniques are mathematically calculated through gann square of nine. This means that not only do you try and predict turning points based on the price but also based on the calendar.
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