What is the secret flag trader system? Essentially it consists of two key components.
The first is a series of 8 CDs which cover chart patterns and basic analysis before going into further detail about flags and finishing off with numerous examples of trades that the author himself has done.
The second is the website which gives you instant information on which stocks are worth trading.
The CDs contain movies which unfortunately can only be viewed on a PC.
I would have preferred them in DVD format so I could sit and watch it on the big screen.
That and the fact there was an initial hitch in that I didn't have the right codec installed to watch them (you need techsmiths screen capture codec - you can Google it) but once past this everything was fine.
The basic essence of flag trading is that as stock prices fluctuate you can see lots of small movements, followed by a larger upward or downward movement which closely resembles a flag.
Guy Cohen himself admits that there is no secret to this, this information is widely known.
However it still takes quite a lot of practice and a keen eye to spot if that trend will continue in the same direction.
There are countless examples on the CDs which Guy walks you through in terms of how to spot trades and more importantly where to enter and exit those trades, hopefully profitably! The real crux is the website which provides a constant source of hot picks where flags have been identified and this is where much of the leg work has been done for you.
The website is pretty comprehensive and you can choose to 'short' (predict downward moving stocks) or 'long' (predict upward moving stocks).
Those interested in spread betting are also catered for but you have to be careful as spread betting is a leveraged investment so not only can you make 10 or 20 times your price per 'pip' you can lose it as well! You also need to set your stops fairly wide (and this increases your exposure) as I found in practice the volatile pricing meant you would often be dropped out of a trade if your stops were too narrow.
As with all these systems never invest more than you can afford to lose and it goes without saying you should at least paper trade for a couple of weeks before risking any real money.
To this end the system is backed by a full without quibble 30 day money back guarantee so if you feel it isn't for you or perhaps your results haven't been to your expectations simply return it for a refund.
The first is a series of 8 CDs which cover chart patterns and basic analysis before going into further detail about flags and finishing off with numerous examples of trades that the author himself has done.
The second is the website which gives you instant information on which stocks are worth trading.
The CDs contain movies which unfortunately can only be viewed on a PC.
I would have preferred them in DVD format so I could sit and watch it on the big screen.
That and the fact there was an initial hitch in that I didn't have the right codec installed to watch them (you need techsmiths screen capture codec - you can Google it) but once past this everything was fine.
The basic essence of flag trading is that as stock prices fluctuate you can see lots of small movements, followed by a larger upward or downward movement which closely resembles a flag.
Guy Cohen himself admits that there is no secret to this, this information is widely known.
However it still takes quite a lot of practice and a keen eye to spot if that trend will continue in the same direction.
There are countless examples on the CDs which Guy walks you through in terms of how to spot trades and more importantly where to enter and exit those trades, hopefully profitably! The real crux is the website which provides a constant source of hot picks where flags have been identified and this is where much of the leg work has been done for you.
The website is pretty comprehensive and you can choose to 'short' (predict downward moving stocks) or 'long' (predict upward moving stocks).
Those interested in spread betting are also catered for but you have to be careful as spread betting is a leveraged investment so not only can you make 10 or 20 times your price per 'pip' you can lose it as well! You also need to set your stops fairly wide (and this increases your exposure) as I found in practice the volatile pricing meant you would often be dropped out of a trade if your stops were too narrow.
As with all these systems never invest more than you can afford to lose and it goes without saying you should at least paper trade for a couple of weeks before risking any real money.
To this end the system is backed by a full without quibble 30 day money back guarantee so if you feel it isn't for you or perhaps your results haven't been to your expectations simply return it for a refund.