Larry Williams is an American trader, author, and financial commentator renowned for his success in commodity trading and involvement in various financial markets. Here are some key details about Larry Williams:
Birth and Education: Larry R. Williams was born on October 6, 1942. He studied engineering and initially worked as an engineer before transitioning to trading.
Trading Career: Williams gained notable recognition for his success in the trading competition of the Robbins Trading Company. In 1987 and 1988, he won the competition by achieving outstanding returns from a fictional capital. His remarkable success contributed to solidifying his reputation as an experienced trader.
Williams %R Indicator: Larry Williams developed the Williams %R Indicator, used in technical analysis to identify overbought or oversold market conditions. This indicator measures the ratio between the current closing price and the highest high price over a specific period.
Books and Teaching: Williams authored several books on trading, including “Long-Term Secrets to Short-Term Trading” and “Day Trade Futures Online.” He is also known as a seminar leader and speaker at financial conferences, sharing his knowledge and experiences with fellow traders.
Political Activities: Larry Williams was politically active, making an unsuccessful Republican bid for the U.S. Senate in the 1980s.
Stock Market Games: In addition to his trading endeavors, Williams developed stock market games to teach people the fundamentals of trading. One of his most well-known games is the “World Cup Championship of Futures Trading,” where traders from around the world compete against each other.