How To Trade Any Market

Every day, billions of dollars change hands in financial markets around the world. Anyone can make money trading in any market at any time. The key to success is being able to read the market movements. The best tool to interpret market price charts is technical analysis.

Technical analysis is actually much simpler than it sounds. All it means is that you can find patterns in the price over time. The patterns show up in price charts. The charts show the opening price, the highest price, lowest price and the closing price for the chosen time interval. Typical intervals are the day, week and month. To learn about how prices are charted, see Charting in the Links box at right.

There are many different price patterns. All markets move constantly, both up and down. They almost never move in a straight line. Patterns can be short-term, spanning a few days, or long-term, unfolding over weeks or months. One of the simplest and most reliable patterns is a trend.

A trend is a fairly steady movement of the market in the same general direction over time. In an uptrend or bull market, prices climb mostly. They might fall back, or retrace, but each low is usually higher than the previous low and new highs are higher than previous highs. Similarly, in a downtrend, prices are dropping. New highs are lower than previous highs and new lows are lower than previous lows. Trends are easy to trade and are quite reliable.

One of the masters of trend following is Ed Burke. In the CNBC Million Dollar Challenge, Mr. Burke won the first prize of $500,000. He beat out all other challengers by making the most money. He traded primarily currency markets with some trading in stocks. Fortunately, Ed Burke has decided to tell the world how he won the prize.

His new book, “Making Money in Stock Trends: How I Did It,” explains his methods completely. You will learn how Ed identifies trends, picks entry points and exit points, and how he manages money to keep the account growing steadily.

In 10 weeks, Ed more than doubled his total starting account value. On the currency side, he boosted the initial value by over 10 times. These fabulous results can be yours, too. To learn more about Ed Burke and his book, check out the link Ed Burke in the Links box on the right.