Mike Baghdady is Market Technician and is the world's foremost leading expert on Price Behavior and a 33-year veteran of the global financial markets, and the developer of the “Price Behavior Trading”. He is the founder and Strategic investment advisor and Head Trader at Training Traders.
Mike Baghdady is dubbed the "Lord Sugar" of the Financial Markets, he is founder of the only Financial Market "Apprentice".
http://www.thesun.co.uk/sol/homepage/news/money/3307620/Sugar-dady.html
He launched the New Turtle Traders
Mike chose 15 apprentices out of approx 10,000 hopefuls and will fund each with $100,000 to basically start their own hedge fund within Training Traders Global Fund (being launched). These highly competitive candidates will be trained and allowed to trade across all the financial markets.
Mike's seminar series in Australia in May marks his initial entry in the Australian financial market place, and is an investigative tour to plan a similar Apprenticeship program in Australia over the next year .
http://www.newturtletraders.com/turtles.html
Using these methods, Mike teaches these same rules and strategies, essential for successfully trading today's turbulent markets, including: Technical Analysis and its practical application; Chart reading skills as they apply to Price Behaviour; Identifying different market conditions and winning trades; Quantifying the correct risk for each trade; Identifying price significant points, Reversal, Significant point and flipping trades; Trading the news; Scalping techniques; Trade Preparation; Portfolio Selection; Trade initiation and liquidation rules; Calculating long-term stops; and the 21 rules of successful trading.
A key market analyst, syndicated columnist and commentator for financial television stations, Mike can proudly boast as being one of the very fortunate few to apprentice at the hands of Mr. Alan R. Shaw CMT, widely considered the father of modern Technical Analysis at Solomon Smith Barney. Since then he worked as a Commodities Trader, Stock Trader, Futures analyst, Options trader, and as an instructor for both Foreign Currency Exchange and Equities Markets.
Mike was one of a handful of Market technicians globally, who publicly advised his clients and traders to short this Bear market at its inception as early as November 2007 when the Dow Jones was at 13,300 by using the Price Behaviour Methodology (on CNBC January 2008).
Mike spent the pinnacle of his career as Head Technical Trader and Advisor for a group of Elite Traders on the trading floor of the New York Board of Trade until its merger with the InterContinental Exchange in 2008. As a head technical trader at the NYBOT (The New York Board of Trade) Mike called out trades for his team on the exchange floor and was responsible for training many of the floor traders to transition them from floor trading to technically trading off the charts, and computer screens.
Mike consequently gained extensive experience in teaching and mentoring and was able to clearly define a set of golden trading rules that provided him with the intellectual know-how to produce the first pure rule-based trading software.
Price Behavior Methodology has been embraced by many of the prime banks, institutions and dealing desks worldwide and he trains their traders trading techniques.
Mike has trained 100's of professional traders and proprietary traders around the globe.
He has taught a series of technical trading techniques in several seminars to 50 banks, institutions and dealing desks and delivered many keynote speeches and trading events.
Mike has always been a Price Purist and a firm believer that the price is the primary leading indicator and is a true representation of the market participants' psychology. The collective perception of traders is what really moves the price, and many times the way traders perceive reality gets in the way of their trading.
Mike teaches what he calls "Price Behaviour Trading" using only Price … to gain an edge in the market and manage risk and exposure through this unique price action system, rather than relying on short-lived systems.
Mike used the Price Behaviour techniques to win the "World of Trading" live trading competition in November 2009 in Frankfurt and he was also the featured trader by The Traders Magazine in June 2010.
Mike Baghdady was key speaker at the FXstreet.com International Traders Conferences 2010. He trained groups of Attendees in Price Behaviour.