Becoming A full Time Trader – Developing Forex Systems – Nial Fuller
You only need to master one trading setup to be a consistently profitable trader. Screen time will allow you to master one setup. After you have mastered one setup “own it” you can add another setup. This can be an ongoing process developing your own style.
The best price action setup to begin with is the one that you see and understand easiest. If you are forcing yourself to learn a setup because you believe another person is successful using it you may be taking the longer route to profitability. We are all different . Our brains and personalities will gravitate to different setups. This is also true of exit techniques. Most traders I hear from lengthen their road to profitability by trying to apply too many concepts before owning the first one. They have studied a myriad of techniques but have yet to master any. This allows them to talk about trading but unable to consistently trade profitably.
The first decision to make is; do you desire to be a counter trend trader? or a with the trend trader? Eventually, you can be both. At the beginning, or a new beginning perhaps, you will do best choosing to master a setup and follow the trend. If you have been at this game for awhile and are not yet consistently profitable you know what I am saying is correct.
This site contains trading techniques and setups with the intent that it will aid you in creating “your” trading style. My personal trading style is a combination of various styles and setups.
I trust this website will be an exercise in my personal understanding of my own style allowing all to benefit.
PICK ONE, MASTER IT, BE CONSISTENTLY PROFITABLE.
Check out this article for information on habits of a successful price action forex trader.
Nial – your fakey set up is the best thing i’ve ever learnt! thank you ![]()
Thanx Nial, Your selflessness will be re payed as the more traders adopt your strategies and triggers precisely the better the chances of the market moving in the way that you specifically taught….. A brilliant mind is what you are NIal. thank you
Ken
Thank Nail, Now I am learning the trendline, fibbonaci and ema line, very interesting.
[...] method, and properly managing your risk. These are by no means the only requirements for learning how to trade forex full time, however they are essential to the [...]
Hello Nial,
I’m grateful to have found your training website.
To my amazement I started to become profitable the day after I viewed your most recent video on the 3 candle setup on the EURO/USD. I played this setup on the USD/CHF Reversal. Walla!
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Courtney said,
February 19, 2009 @ 6:21 amI have been trading on a demo account for a few months now. My strategy has been to chart the high and low on a 1 hour chart and a 15 minute chart. If I spot a trend happening around the high or the low I move in. I have had success doing this. Do you think this is a good strategy? Long term?
Thanks in advance!