William Delbert was born Gann on June 6, 1878 in Lufkin, the State of Texas. His father was a teacher, traded in horses and cows. He also owned small billiards club. His mother devoted all the time to William's education, his younger brothers and sisters. She taught young William to read by means of the Bible – the book which made huge impact on his reflections about the nature of the financial markets later.
In 1894, William Gann, at the age of 16 years, left training and started looking for work. He became the messenger of newspapers, food in the train which went between Texarkana and Tyler in Texas. It also worked at a cotton warehouse.
Having become full age, William settled to work in one broker office from Texarkana where there was an opportunity in the evenings to visit business school. It helped to receive to it necessary initial skills. And at the beginning of the twentieth century William moves to New York.
He was 25 years old and it there were its first serious steps as the trader. It began to master trade elements on share and commodity exchanges. Business moved ahead. In five years William could open own broker office "W.D.GannandCo."
In 1910 of Gann writes the first book "Speculation — a Profitable Profession". It also issues the The Busy Man's News newspaper, and later well-known "Supply and Demand Letter".
The success came to it when the world was shaken by World War I. On November 9, 1918 William Gann could predict capitulation of Germany, the Kaiser gave up and there already was already nobody to be at war. the 20th years opened Gann Road to financial heavens.
In 1919 William started working for himself. It publishes "Supply and Demand Letter" where includes predictions for share and the commodity markets.
In 1923 of Gann writes "Truth of the Stock Tape". This book was estimated by many as the best book about the market.
On May 23, 1951 Gann together with Ed. Lambert base "Lambert-Gann Publishing Company". This the companies published all books and the courses Gann. It reconsiders and republishes "How to Make Profits in Commodities", deletes a name and John's photo from the book. The updated edition of 1951 made huge success. At the age of 73 years of Gann had available funds for $500 a day for the consulting service. He sells "W.D. Gann Research, Inc. " C.C. Loosely to New York.
Its style of trade was borrowed by many modern systems. Gann traded, relying not on "price", and of "time". The similar analysis allowed to define and time of an entrance for the market, and the best price.
Gann in most cases was possible to determine future exact prices of necessary goods and actions, to calculate prevailing then values and possible fluctuations of the price.
All career of Gann proved possibility of such forecasts. Its methods of the technical analysis based on laws of the nature and geometrical proportions, remained effective and presently. They are suitable for any market. The Gann methods allowed it to determine future prices in a year forward. However this technical analysis really works, as was confirmed both progress of Gann, and progress of those traders which studied techniques of this outstanding person.
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