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Hello, my name is Jim Wyckoff. Thank you very much for visiting my website. I am the proprietor of the "Jim Wyckoff on the Markets" analytical, educational and trading advisory service. I am also the senior market analyst at www.tradingeducation.com -the free educational website for traders of all markets.
mission is to help you become a more successful trader. I will
strive to accomplish this through my ongoing educational features in
my two newsletters, and by continuing to provide you with market
information and trading ideas that are straightforward and easy to
the beginning to intermediate trader: My newsletters are a
"must-have" futures market and educational guide for you.
Most of you are seeking trading and market knowledge, and I will
provide it. Those of you who have read my features know that I
communicate ideas and sometimes-difficult concepts very clearly, so
that even beginners can understand them.
the veteran traders with years of experience: You will receive
the fresh trading ideas and that "second opinion" that you
many times seek. Also, you may just get some needed
"refreshers" on certain topics.
all traders: I will alert my newsletter subscribers, in advance,
to the futures markets that look most promising regarding
potentially profitable trading opportunities.
of you have asked about my background and market philosophy, so I'll
provide a brief account below.
have spent the better part of two decades involved with the stock,
financial and commodity futures markets. I was a financial
journalist with FWN for many years.
cut my teeth as a reporter on the rough-and-tumble commodity futures
trading floors in Chicago and New York, covering every futures
market traded in the U.S., at one time or another. I also covered
many international markets, as well.
didn't take me long to realize the successful traders in every
market—be it pork bellies, Treasury bonds or stock index futures—had
a common thread among them: Nearly all relied on technical
analysis to give them a trading edge.
long after I began my career in financial journalism, I began
studying technical analysis. I found it fascinating. By studying
chart patterns and other technical indicators, I realized the
playing field could be leveled between the "professional
insiders" in the markets, and myself. How can this be? This is
how: Market (or stock) price activity and price history, including
volume, is a composite reflection of every news event and (or) other
fundamental factor known to all traders. Price activity also factors
in ideas and speculation about the future prospects, and future
news, for the market (or stock).
a trader tried to study and learn all there is to learn about a
futures market or an individual stock—including knowing all the
fundamentals that impact, or could impact the market or stock—it
would be nearly a full-time job. And even if a trader did spend all
his time studying a market, he or she still would not know as much,
as soon, as the professional insiders. This is why successful
traders employ technical analysis.
also believe traders who have been involved with commodity and
financial or stock futures markets have a trading advantage in
today's stock market environment. This is because the more volatile
stock market environment of today is just like the volatile
commodity and financial futures markets that have been around for
many years. Being a successful trader in volatile markets requires
specialized entry and exit strategies, in order to maximize profits.
Successful futures traders have been forced to deal with volatility
on a routine basis.
are two of my most important market analysis and trading tenets:
Like success at any other job, successful market analysis and
trading require hard work. There are no short-cuts. Traders, do
your homework before initiating any trade.
Basic technical and market analysis and trading strategies work the
best. I have read the classic technical analysis books and
talked face to face with the best trading professionals in the
world. Most agree that, as my friend Stewart Taylor says,
"Simple is Simply Better" when it comes to employing
successful trading strategies. All the neural networks and
powerful computer trading programs in the world won't compare to a
good, basic and well-researched trading plan. Don't confuse
simple strategies with easy trading. Simple trading methodologies
still require a lot of preparation and work.
the personal front, I was born and raised in Iowa, where I now
reside. I have a wonderful wife and two great children: a son in
high school and a daughter in college. I work very hard on the job,
but also play hard after work, as I love adventures. From driving a
Jeep across one of the highest mountain passes in the continental
U.S., to extreme winter camping in the Boundary Waters, to hiking in
the jungles of South America, I'm always up for a new challenge.
free to email me with your questions and comments. My email address