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The Famous Trader Larry Williams Part 4

Larry is assured anything difficult in its technics of work in stock market isn’t present. However his doubtless merit is improvement of methods of the technical analysis. Some indicators widely used in modern practice, belong to him. For example, it was named in its honor, indicator WIL %R, or Williams’s percentage disorder %R.

The technical analysis doesn’t have anything strange: he trades basically in an interval in some days. But the technical analysis isn’t for Larry a determining method. Only if Larry understands that at present the market “bull” (goes upwards) or “bear” (goes downwards), he starts to use techniques for determination of a right moment of an input on the market and an exit from it. The present reasons of changes of the prices lie in events which of the past it is impossible to predict. And the future position of the prices, and a current condition in the market try to predict the majority of its favourite indicators. For example, who is stronger at present – “bulls” or “bears”.

Thus intraday trade Larry doesn’t trade, though many try to attribute to his development of systems and approaching for it indicators. Here is what Larry has told about it: «If you trade intraday you decline, roasting the brains. When you come back home, are not the most pleasant for dialogue of the person. All traders of intraday trade with which I am familiar, lose money. Oscillators, the support and resistance levels, all arsenal of means of the technical analysis doesn’t work at such trade. Besides, I have found out that considerably I can receive the big profit, holding a position during longer time. If I have really strong signal it should last at least some hours».

However, now stock market trading occupies not all its time. Larry Williams actively sells the knowledge. And since a championship prize on investment of lacks of pupils he doesn’t test. Experience of Larry can be gathered from its books. For today to a feather of the former journalist belongs seven monographies, and the majority of them are the best sellers of the technical analysis. Some of them are already translated into many languages. In particular and one of the most popular is “Long-term secrets of short-term trading”.

People who took the decision to participate in forex trading should start from learning the basics of this market to make sure you do not have problems with this industry.

There is another option – you can hire experienced traders to managed your trading account – read more about forex investment here. Also make sure to search for the info in a good forex book.

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