I am off to part 2. Adam September 1, at
We are trying to overcome fear of losing and trying to be consistent in following our strategy and I thinking we are getting there. Price action is the best way to trade especially if it involves knowing when the market is going to move based on an understanding of key market elements.
Respected Nial, Your article with regard to the price as well as the subject matter of risk involved it. How to identify the trend to what extent it will reach either down or up trends, these are previously calculable it, then go on its treading methodology. I am very happy to see it.
Nial you are so so right about getting our trading strategy right is more important than worrying how much we can make… now i am trading on a smaller lot to improvise my trading method. Hi Nial Your explanations are so easy to read and understand. I find your advice useful and it makes sense to me. I look forward to seeing trading results after applying your course material.
Your price action stratergies sound great. Happy Easter want to be traders. I also understand that patience is our a virtue. Indeed the process is more important than the result. Traders really need to understand the concept here. Forex Trading is a business! Yeah, dont focus on the money, dont even focus on wins and losses… focus on sticking to your trade plan!
If you can honestly say you stuck strictly to the rules of your trade plan then you have put yourself in the shoes of a professional trader and have dramatically improved your chances of success. Just try it as see the results for yourself. If you are new to trading and are on a demo account then you have nothing to loose and the sooner you develop good trading habits the sooner you will achieve success!
This topic is very educative.. They went busto quicksmart…: Thanks for your honesty. Thanks for the great stuff Neil. You really help to learn how to trade in profit. For some it is but most it is not. This mindset makes people take crazy risks that have very little true reward if any. When someone starts out with a few hundred dollars they have no patience to build their account and see it as an uphill struggle.
If only they would focus on the trading and not the money then success will follow, like nial points out, once you can show solid consistancy in your trading with whatever profits you have then the money will follow, in the form of other investors. So, their is no need to get stressed about trying to turn your small capital into millions. Just aim to be consistant! So I make , but my overall risk is also So that is 1R, but I would say that is still not a bad result, for me anyways.
Thank you and I am looking forward to part two. This means there is still room for discipline. Hi Neal, Fabulous, I have forwarded to my sister your email as she wants to start learning. I want to learn as well. I have been member for 7 months now. But no I am slowly getting back on track. Somtimes I only trade 2 to 3 times a month. Thanks for every thing Nial looking forward to your next lesson.
Hi Nial, I appreciate the wisdom you constantly share with your readers. It motivates me tremendously to become a professional level trader like you! Thanks for the great article. The foundation, the most important part of every business. Thanks to remind that to start from the beginning is a good step in direction of success.
This article is a must-read for traders, since this article was created by people have a lot of experience. Always a pleasure reading your lessons for the week. They really do remind me to stay patient and focused on the objective.
Thank you for being so generous, to lead us to the path of becoming,eventually, a successful professional Trader. I believe in pure price action tradin. Its very simple and effective. Anybody that aspire to be a pro trader should learn to read and interprete price action. Thanks nial for ur great effort in bringin this knowledge to us. Hello Nial, this trading room in the picture looks really very nice and motivating. Is this the place where you analyze and make your orders? Your email address will not be published.
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. You 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 likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading 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, research, analysis, prices, or other information contained on this website is provided as 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.
Be honest with yourself First off, let me clarify something; becoming a professional trader is the result of first being a consistently successful trader and building up your trading account and trading skills over time. Checkout Nial's Professional Trading Course here. I am off to part 2. Saiful November 9, at 3: Thank you Niall, very good education. Isabel June 6, at 6: Bimal May 5, at 4: Hi Nial, Thank you for sharing your knowledge, experience and writing this blog.
Shafiq November 22, at 3: Very useful article for novice 4X traders. SkyObad September 23, at 9: Thanks a lot and have a wonderful weekend.
KC September 12, at 7: Yanti April 9, at 5: This article is very educative and entertaining. CaronT April 6, at 2: Brian April 5, at 8: Paul Samoey-Kenya April 3, at Hi Nial- Good stuff,keep it up.
Paul Samoey From Kenya April 3, at Thank Nial This is an eye opener. I hope to be a pro trader in 2 years max. Richard April 2, at 9: From guests speakers to MetaStock experts, you are bound to find what you are looking for. MetaStock - A Global Leader in Market Analysis Tools MetaStock has been providing award-winning charting and analysis tools for the self-directed trader for over 30 years.
Both packages are provided by Thomson Reuters, a world leader in financial data and news. Don't miss the 12th Annual Traders Conference in California We've pulled out all the stops for this conference. Get an Extended Trial Today! Subscribe to our YouTube Channel. It's a Great Resource! Subscribe to our YouTube Channel Today. Getting Started What is MetaStock?
My Account Go to My Account. Go to About Us.