Technical Analysis Tips And Tricks | ForexGen

ForexGen studies past price and volume changes in order to build up simulations on future price movements. ForexGen's analysts mainly make use of charts and financial formulas to gather enough information used in technical price speculations.

Technical analysis tips and tricks from famous traders and hedge fund managers

There are a lot of interviews with the best traders available and some have even written biographies of their trading and philosophy. Here are some of their insights.

Paul Rabar is one of the legendary turtle traders educated by Richard Dennis. Rabar has revealed to his clients that he uses a risk management system that limits exposure in each trade, each market, each sector, and each account.

He also uses risk limitation by using extensive diversification of markets traded.

Another turtle trader, Michael Carr, has stated that if you have a good trading program, the number one priority should be longevity, staying in the trading game.

This means one should stick with the system, to be there to participate and benefit when the really outstanding market opportunities come along.

For Carr, that translates into developing exceptionally good money management system that limit the severity of drawdowns, making comebacks easier.

John W Henry, the owner of Boston Redsox and a legendary trader, believes in approaching trading in a mechanical and systematic way.

Many of his ideas in this regard come from W.D. Gann, who believed that man was mechanical and that if man was mechanical, markets should be predictable because of that underpinning.

John W Henry also believes in long term trend following as a method for making money on the financial markets, meaning that the trader is trying to stay with a particular trade for months or years instead of days and weeks.

One of his main pillars of though is that if you and your system can handle volatility, which some people can’t, you make more money.

Another tip can be derived from the trading style of Louis Bacon Moore, one of the best hedge fund managers in the world. According to those that knows his trading style, say that he puts an extreme importance on risk management, which has lead to very low variation and predictability on the funds returns.

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