Have you ever noticed that most of the money in the world is held by a relatively small minority of people? Or, how about that most people tend to work in short spurts of intense productivity followed by larger periods strategy they are less productive? Often, I am willing to bet. Whilst the exact ratio of traders who make money vs. This one is easy. Most of what we do as traders is sit in front forex our computers and look at prices going up or down or sideways. Hell, you can put a 5 year old in front of a chart and ask them which direction they think it will go next and forex will probably get it right more often than not. The point is this; determining market direction and finding trades is not hard, people make strategy hard. In fact, most traders get bogged down with trying every trading method under the sun until they either give up or figure out that they were simply over-complicating what should be a forex simple process. The difficult part of trading is controlling yourself via not over-trading, not risking too much per trade, not jumping back into the market on emotion after a big win or a loss, etc. Because I trade with such patience and precision, the winning trades I have typically double or triple the 1R risk I gave up on any of my losers. I might trade 4 times per month on average, quite simply because I am a very picky trader. They are losing money because they are trading way too much and not being patient or disciplined enough to wait for their strategy to really come together and forex them a high-probability entry signal. Markets chop around a lot, and a lot of the time the price action is simply meaningless. This point is the most important in this whole article: I get a lot of emails from beginning and struggling traders and I know for a fact that the main thing that separates the professionals from the amateurs in this business is patience and not over-trading. However, I would like to point out that there is also a direct connection between the fact that most traders get caught up trading lower time frame charts and most of them lose money. In the article I wrote that detailed a case study of random entry and risk forexI showed how it is forex to make money simply through the power of money management and risk reward. To be clear, I was not and am not saying that you can make a full-time living as a trader without an effective trading strategy. If you do this consistently, I can guarantee you that you will see a very positive change in your trading profits, or lack thereof. A lot of traders never even get to this point because they are still trying to figure out how the heck to make sense of their trading system. If you look back over your trading account history from January 1 st until now, ask yourself how many of the trades you lost money on where actually valid occurrences of your trading strategy edge versus random gambling-type trades that you entered out of emotion or impulse. I read many books on trading. Honestly it goes over my head…. As like your trading strategy and training, your articles are a very simple and simple to follow. Thanks again and all the time Mr Nial. Since paying most attention on 1D and 4H charts I managed to improve my trading. I wish I had known all of this before I blew up my strategy. Thank you so much!!!!! Good day Mr Fuller. Keep up the ace information! Do direct me accordingly so I build a healthy portfolio that includes FX on a recognized platform. I will be looking into buying your Price Action Course as soon as I set up in the FX market. Nial sir, I analyzed my trades since 01st January. I am unknowing doing these mistakes. As I read it I thought how I could apply it to my trading and then I came across this post. Hi Nial Thanks for explaining all this. I really got so many things clear by reading this article. Dear Nial sir, For the strategy one year I am sticking strategy your webside and learned lot of things. Now, I am closely monitoring my habits. Thank you once again for the excellent article. Very good article Nial! You have very good insight. I am inspired to get back into trading again. Once again a great article for developing solid trading habits…Thanks a lot. Nial Fuller is not only reading the very close aspects of the MARKET WHEELS, but he is reading as well the very close aspects of the TRADER MINDSET WHEELS. Another brilliant article, and good advice within it. Excellent and encouraging Article. Trade less, observe more and with patience you can improve ur Trading. I just spent After reading this i realize i have spent my money wisely. Not only have you got your stuff together when you talk about forex,you are on top of your game when it comes to life. ThatI am sure. Your an inspiration Nial. I have found overtime I actually trade less but my routine is daily. Thank you for your continued inspiration and support. In simple words quality should be better than quantity. I ordered the book. Actually had heard of the principle but never got to any in depth study. I will fix that immediately! THIS HAS REALLY BEEN MY SAVING PRINCIPLE IN FOREX TRADING,MY TRADING IS NOW FAR BETTER THAN BEFORE. Your blog posts are nothing short of Awesome! Thank you for taking the time to put this post strategy. Thanks Nial for these reminders. When I found a trading strategy that works, I forex money, but only strategy a time. I trade using the lower time frames, earn some money, and lose much more, so I have to return to the daily time frame. I realize I need to receive your teachings again and follow them religiously. I know my trading, and my life, will never be the same again. May God bless you more. Your email address will not be strategy. Notify me of follow-up comments by email. Notify me of new posts by email. Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Learn To Trade The Market Pty Ltd, it's employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. Forex must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. No representation is being made that any account will or is strategy to achieve profits or losses similar to those discussed in any material on this website. The past performance of any forex system or methodology is not necessarily indicative of future results. Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, strategy, analysis, prices, or other information contained on this website is provided strategy general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results. Now I want to hear from you! 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What I Learned After Taking Strategy Months Off From Trading Why Trading Against the Trend Will Destroy Your Account Why You Should Have a Favorite Market to Trade What Your Future Trading Self Would Tell You 10 Years From Now Let The Market Take You Out Of Your Trade The Psychology of Trade Profit Targets 10 Reasons Traders Fail to Make Money Trading A Simple Plan To Exit Your Trades Successfully 3 Ideas That Transformed My Trading Career The Power of The Pull Back Trading Strategy. Categories Forex Trading Commentary Forex Trading Videos Forex Trading Strategies Forex Trading Articles Trading Lessons Blog Forex Trading Blog Trading Tools. Nial Fuller Learn To Trade Forex Price Action Trading Nial Fuller Reviews Beginners Forex Trading New York Close Charts Forex Broker. Copyright Learn To Trade The Market.
Forex Trading Strategy Session: The 80/20 Rule Explained: How To Hunt Stops
Forex Trading Strategy Session: The 80/20 Rule Explained: How To Hunt Stops
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