"Flag-Trader" was created by Guy Cohen, which some investors may already know from being the author of the "Bible of Options Strategies", which truly is a bible of sorts for options investors of all stripes.
"Flag-Trader" is Cohen's training system that focuses on market volatility as a way of finding trading opportunities.
What potential buyers of "Flag-Trader" need to know is that the system teaches traders how to trade the bull and bear flag patterns, so some analysis of charts will be required, but Cohen does a great job of walking traders through this.
Although it may appear that "Flag-Trader" is a system strictly for beginners, I feel intermediate and advanced traders can definitely learn a few new tricks from this system.
"Flag-Trader" consists of eight hours of trading instruction on eight DVDs.
Perhaps the high point of "Flag-Trader" is that flag patterns are among the most reliable indicators in the world of stocks.
A trader lucky enough to find a flag pattern over the course of his chart studies probably has a winning trade on his hands, and since "Flag-Trader" helps traders find both bull and bear flags, it's not limited to just going long or finding shorts.
Now don't think I got all excited about a program that is just a bunch of DVDs and a way to identify a couple of chart patterns.
The best part of "Flag-Trader" is probably the access buyers get to Cohen's awesome "Tradefinder" Flag software filters that Cohen himself has developed, and 12 months of free access to Cohen's website.
"Tradfinder" is no average screening system. It scans almost 300 million lines of data everyday trying to find flag patterns so you don't have to do all that tedious work yourself.
"Tradefinder" kicks the results out to the user, but doesn't make direct trade recommendations. The trader, applying the techniques learned in the DVDs, figures out what trades he wants to take, and those he wants to pass on.
So this is no trading robot, and through my own experience, I can confirm that "Tradefinder" is quite proficient at finding flag patterns.
As a result, I have no pause about recommending "Flag-Trader" to traders of any experience level. It is truly one of the better packages I've reviewed.
I give "Flag-Trader" 5 out of 5 stars.
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