Flag-Trader Full Review
|Flag-Trader is a training package offered by Guy Cohen, a respected private trader and best selling author on the stock market trading.
Flag Trader offers a single strategy for trading volatility in the markets. That may not mean much to beginners but is is essentially looking for stocks that are showing signs that a strong price move is imminent either up or down, i.e, the stock is showing signs of volatility.
The training is contained on a set of 8 DVD disks totaling about 8 hours plus free access to a powerful, professional software tool that locates potentially volatile trades. The training elements on each disk are broken into several bite-sized chunks so that it can be easily assimilated. You can find the breakdown of What You Get In Flagtrader by clicking on the link.
The training refers to various sources of online information that can be used to refine your choice of trades. For maximum user convenience links to these sources are provided from within Flag-Trader. The result is that, combined with an online trading or spreadbetting account, you can not only learn about volatility trading using bull and bear flags but also do your research and execute trades from any location where you can access the internet.
At first sight, the Flag-Trader package may appear to be for beginners as it deals only with trading bull and bear flags and spends a lot of time stressing the necessity of finding really great flags. In reality, those flags are proven indicators of potential volatility that offer the potential to trade profitably. The rest of the training is about removing as much risk as possible from your trading activities.
Anyone who have spent time looking for reliable trading indicator will know that finding any flag is good news. To be told to trade only the best seems to cut down the opportunities dramatically – especially as there are not enough hours in the day to even find them.
But it quickly becomes clear that this is a specialised package and having delivered his usual excellent, clear and methodical training on recognising bull and bear flags, then showing how to trade them safely and effectively, Guy Cohen, previously best known for his authoritative books on option trading, unveils the heavy artillery.
The real power behind this package is online access to Guy's own powerful software filters that he has spent several years developing. Customers for the training package get access not only to the website but also 12 months free access to his Tradefinder Flag software.
Incredibly, Tradefinder filters some 320 million lines of data every day to identify a small number of possible flags. The number of possible trades presented will vary considerably depending on the filters set by the user according to their individual approach to trading. But this indicates that this is a truly professional capability normally accessible only to the big trading rooms now becoming available to home traders.
Whether the user is presented with a small or large number of candidate trades, they will know that the software has scoured every available market and reduced the thousands of possible instruments to a manageable number to be reviewed.
Never relying on a machine, this is where the training kicks in as you quickly skim through the candidates while applying not only the theoretical training but also Guy's assessment of the good, the bad and the ugly of 45 real life examples included with commentary from Guy on disks 6,7 and 8 of the package in addition to the core training material. So there is no excuse for any inability to recognise a good flag opportunity.
This is when another major element of the training becomes applicable. There are many sources of specialised information available to traders according to their chosen strategy and by becoming something of a crossover artist Guy has applied information from one specialised area and applied it to flag trading.
Every source of trade training will tell you to look for confirming indicators and I can confirm that this one is extraordinarily powerful. It is only a short while since I was skimming todays flag selection results to research a point for this review and looked up this source of information relating to one of the flags.
Frankly, it is only a real need to get this review written before the deadline that is preventing me from rushing off and getting a trade on. The confirming information was just shouting at me – and from a source that would simply not occur to many traders – certainly not me.
So, what's the final conclusion? I've done trade training from various sources and often come away with a whole raft of information on various strategies but without the specialist tools to make them workable. Flag-Trader concentrates on one simple strategy. Flags are very easy to trade because the entry and stop levels are easily identified. So if you can simply find enough of them then you have a good chance to pick the best and trade only those.
The online Tradefinder application is what powers this package. From my own testing I can confirm that it really does find the flags and that it is quick and easy to scan the charts through the website links with no need for trading software or datafeeds. From there you verify the potential using the confirming sources of information and if everything checks out then place the trades and stops.
The fact that your orders are only executed if the price moves through an order level that you have set means that you have no risk until the market is already moving in the direction that will deliver a profit. Your stop is executed at the same time at a level that defines your maximum risk which is within your pre-planned trading plan.
So you know exactly what your risk is before you even enter the trade. And assuming that the breakout continues then you take profit at a pre-planned price level means that you put real profit in your pocket while leaving part of your trade still running until the price move peters out – so you get a fixed, pre-planned profit plus a speculative run-on. Of course, on the really great opportunities letting the remainder of your trade run on in profit may well make substantially more than your planned profit.
The characteristic running throughout this trading strategy is the pre-planning. The strategy is conservative in order to minimise risk – but the pre-planning means that every decision taken is taken in a calm and rational environment and therefore more likely to be a good decision.
So once the trade is on you can walk away with peace of mind as your pre-placed orders will take you in and out of the trade as pre-planned events take place and will exit with profit automatically. The strategy also has provision to keep part of your trade in place to let your profits run if the breakout really takes off.
Flag-Trader is a specialist tool that focuses on one clear strategy of using simple chart patterns that indicate volatility and for which entry, stop and exit points are easily identified. Combined with a powerful, data-crunching tool to do the donkey work of locating those chart patterns on thousands of charts every day.
Because it is so simple it is among the best to come to market to enable beginners to enter the trading game with confidence and by applying some simple processes and discipline to come away with regular profits.
It will be equally valuable for established volatility traders who will find that access to the professional Tradefinder tool can transform their trading success as it has done for a number of users I have spoken to. Some of whom have not only only made good money but completely turned around losing habits by using the early versions of Flag-Trader.
Interested in Flag-Trader? There are pages of detail on what you get in Flag-Trader for you to review. Then if you think this is for you then find the sales page on www.flag-trader.com or here if you prefer your pricing in UK pounds.
We'd be very pleased to receive users comments or questions and will assemble the answers in the FAQ page.