William Dunnigan – Gains in Grains by Sacredscience
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Forex Trading – Foreign Exchange Course
You want to learn about Forex?
Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.
William Dunnigan devoted much of his life to technical analysis and commodity markets. He was a highly respected researcher and published many papers outlining his findings.
His work, in the early 1950s, was based on chart formations. He understood the valuable role that fundamental analysis plays in stock analysis, but also understood that fundamental analysis, alone, was not the answer.
As he stated: “If the economists are interested in the price of beans, they should, first of all, learn all they can about the price of beans.â€
(Dunnigan, W., Selected Studies in Speculation, Dunnigan, San Francisco, 1954, page 7.)
Dunnigan had a burning ambition to design a trading system which generated precise buy/sell signals and which was completely mechanical. His two best-known books, New Blueprints for Gains in Stocks and Grains (1956), in which he outlines an extensive range of technical principles, and One-Way Formula for Trading Stocks and Commodities (1957), which outlines his mechanical system, document the outcome of his highly successful journey.
Sadly, William Dunnigan passed away later in 1957 after the publication of his second very popular book.
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