Comments on: Habits of a Successful Price Action Forex Trader

By: Pham

Pham — Sat, 07 Apr 2012 12:39:48 +0000

That is true that overtrading can kill your account, and make your life miserable. I nearly blew out my account for a month of too much trading. Luckily I found Nial’s site, which now help me get back to my routine and learning to trade on my demo account. Thanks Nial for the great article!

By: KRISTOFA

KRISTOFA — Mon, 15 Aug 2011 22:10:12 +0000

Rightly said Nial,Trading is a business, and I agree.The earlier we understand that the better and profitable to our business.
OKENTA KRIS

By: Joseph

Joseph — Fri, 18 Feb 2011 12:32:18 +0000

Thanks, Good stuff, Been there done that… Am in a mess and look forward to getting it done right…

By: Taiwo

Taiwo — Fri, 28 Jan 2011 09:46:19 +0000

I am one of those who started trading before training, so I know its true!I blew up a fortune in the same month I started. Then I started training and went back.Thank God now.
Taiwo from Nigeria.

By: Ankit

Ankit — Fri, 14 Jan 2011 13:46:21 +0000

Hi,

This is very good article. The fact due to which it impacted me because i thought all these things yesterday as i experienced variad emotions while trading. but being a new trader i was not sure whether what i am thinking (not overtrading, keeping journal to record feelings etc.) is right or wrong. But this article instill confidence in my thinking.

Thanks.

By: Ezzywave

Ezzywave — Mon, 22 Nov 2010 22:22:35 +0000

Great article Nial, I will keep refering to it if I find myself drifting back into bad habits. Cheers

By: Amit Sharma

Amit Sharma — Tue, 16 Nov 2010 06:37:31 +0000

This is a gr8 article.. It provides all the useful info in order to prevent haphazard situation which sometime arise in the forex market

By: Pmon

Pmon — Fri, 05 Nov 2010 14:14:44 +0000

Wow ! thank you for this fantastic article !!
I found it very useful..
It will be good for me to start and follow the written daily routine.
Thanks a lot.

By: VKumar

VKumar — Sun, 29 Aug 2010 17:31:13 +0000

I am lucky i have visited your website in my early stage of my FX trading.. Just This article give me 10 years experience… Thanks a lot

By: Gildo

Gildo — Tue, 10 Aug 2010 11:52:24 +0000

I am a month old and it’s like you’ve been writing my script!

Lost 70% of my “capital” but went back to demo a few days ago and I am being strict on myself AND… I have not lost a trade se I now have to enter WHEN my rulebook says ENTER.

Thanks Nial.

By: Tim Ainuu

Tim Ainuu — Thu, 24 Jun 2010 02:14:27 +0000

Thanks Nial, I’m very thankful for the articles you post, it has help me changed the way I think about my trading plan and discipline, you are far more mature than your age, that is a very special gift.

By: Mayowa

Mayowa — Thu, 17 Jun 2010 19:33:52 +0000

This is awesome Nial…Thanks a bunch

By: Nikhil

Nikhil — Sat, 15 May 2010 10:04:03 +0000

Nial,
I will become a successful forex trader with your help.
Thanks

By: Ramon De Melo

Ramon De Melo — Sat, 08 May 2010 11:30:08 +0000

Hey man, Great stuff.

Will take your course sooon.

By: Shane

Shane — Tue, 20 Apr 2010 12:01:20 +0000

Hi Niall, Thank you so much for taking the time to explain and help others improve their trading. I plan to read and study every single article and piece of information on your website to help my trading career. And when i finally nail it i plan to teach and help others to reach their potential as a trader. Shane

By: Jeff

Jeff — Sun, 18 Apr 2010 02:51:29 +0000

Thanks for this Nial. I’ve been away from the forum over the winter months doing my other gig, but upon returning I’m glad to find this article. I was hoping you’d give us some insight “into your head” a bit – how you analyze potential trade setups & so forth… This one is the key. I’ve noticed in my own trading that those few months “off” helped my account balance considerably. You once wrote me to be careful of over-trading, and now I know what you meant!

By: Giles

Giles — Mon, 12 Apr 2010 09:42:35 +0000

Hi Nial,

I took your advice on having a set time each day, a plan and keeping a journal – It has begun to change my mindset – I recently did some “mistakes” on my demo account and I was really excited – Why ? Because, although they were relatively minor, they screamed out at me like “WHAT ARE YOU DOING !!!” My mistakes are getting fewer and the ones that are there are starting to stick out to me –

Thanks for the article it really helped discipline me in applying Trend, PAS, Risk reward – I’m now trying to learn to wait patiently for the ‘right set up’ rather than getting really excited and jump on the first fakey I see!

I thank God that I found you !

Giles

By: Widza

Widza — Sun, 11 Apr 2010 03:55:53 +0000

Thanks for the excellent article. Its pregnant of usefull information and will surely make me a better trader tomorrow. Keep them rolling

By: Sean

Sean — Thu, 18 Mar 2010 21:16:36 +0000

Very insightful. You have a very holistic view of things which is very refreshing and it made the article very helpful. Thank You.

By: Cristian

Cristian — Tue, 09 Mar 2010 00:13:03 +0000

thanks for all the advices, really apreciated!!!!!

By: Ali

Ali — Mon, 08 Mar 2010 06:01:29 +0000

Hi Nial,
I test your last commentary of AUDJPY on last Friday and it was grate. I got 166 pips and it was the first time that I trade without any stress. I did not get your course but surely I will get it very soon.

By: Rick

Rick — Tue, 23 Feb 2010 08:51:16 +0000

@Danny

It’s G’Day Mate!!!

By: Rick

Rick — Tue, 23 Feb 2010 08:47:12 +0000

Once again great article Nial, Thanks

By: chinedu

chinedu — Mon, 22 Feb 2010 17:59:10 +0000

price action trading off confluence levels in the direction of the trend is the ONLY way to trade successfully. thanks Nial for this self co- ordinating article.

By: Adekunle

Adekunle — Sun, 21 Feb 2010 20:14:36 +0000

Manny thanks to you guys for deeming it fit to part with this great and important aspect of trading that most of us under rate,i wish i could cling to this religiously

By: Michael

Michael — Sun, 21 Feb 2010 20:03:19 +0000

Thanks Nial, very good. However, I have read about the importance of keeping a trading plan again and again and didn´t do it. Until I read in a book that you really have to ask yourself : what type of trader am I really ? There are 2 types, hunter and farmer. Both have totally different mindsets and view time spans differently. A farmer will love to plan his time in advance, keep track of his progress etc. A hunter will never really do this, or feel awkward. As I am a hunter, I now funnily started to write down my trading plan and keep a diary. But not anymore because I felt ashamed of not doing it, rather because it is fun and does in fact teach you a lot. So to all hunters : Nial is right but dont think you are a boring accountant if you follow these rules. Try them out, experiment with them, and find the individual truth behind all of this….:-)

By: Danny

Danny — Sun, 21 Feb 2010 15:11:09 +0000

Nial, much thanks for your continual sharing of discipline with FX trading….Its been 6yrs fx trading and i am returning back to the basics of Discipline you have written about… I think to start a new by moving up to 4hr and daily from the smaller charts… also having a trading plan written down on paper so to review how well I followed my plan… I have been to emotionally tied to my trades, i think the above changes will break this link.. It has been Painful not following my Plan, (which changes when its in my head), you made a difference, Good Day Mate

By: Sam H.

Sam H. — Fri, 19 Feb 2010 20:06:56 +0000

Thank you for posting this article…Yes, a business indeed,on a full-time basis one day…

By: Gordon

Gordon — Fri, 19 Feb 2010 15:27:06 +0000

Well said and communicated, there Nial.

By: Chikezie

Chikezie — Fri, 19 Feb 2010 14:59:02 +0000

Thanks Article Nail. Your features in this business is great. Be rewarded with a lot of good things by GOD ALMIGHTY.

By: Geoffrey

Geoffrey — Fri, 19 Feb 2010 14:37:51 +0000

Nial
This hits the nail on the head. I have to detail my plan especially the emotional side. It is great to have a mentor such as you
Namaste Geoff

By: ashwani

ashwani — Fri, 19 Feb 2010 13:49:18 +0000

thanks ,great article value of time frames,having a trading plain,follow the game plain,trade the trend ,money mangment and displine. all are so important and related to each other thanks again

By: azmi harun

azmi harun — Fri, 19 Feb 2010 13:35:35 +0000

I had through your good advise artical and it is very help full to me.A few days ago it was happened to me, I entered the market blindly and lost control. I shut down the computer, have shower and go to bed.Thank again for your artical advice

By: Azeem

Azeem — Fri, 19 Feb 2010 03:57:56 +0000

Excellent Article Nial. Thanks a lot for sharing your ideas and setups. Your education is great. Thanks again.

By: mar rashleigh

mar rashleigh — Fri, 19 Feb 2010 03:16:09 +0000

thanks Nial for reminding us what we should be doing and sometimes don’t

By: jodycody

jodycody — Fri, 19 Feb 2010 02:24:21 +0000

this is a very helpful article, and with the Set and Forget strategy you wrote about before, which was excellent, for me it is all about getting and keeping a life as a trader. one gets so sick of sitting in front of the charts and not knowing why or what for and then the impulsive losing trades come. yes, routine in every aspect, whether checking for set-ups, keeping to specific market times, writing emotions in a journal or taking exercise…the discipline has to come from me cos no one else is going to do it for me. and i do not do it well enough at all – this article will help structure that better. this is serious business

By: John P

John P — Thu, 18 Feb 2010 22:07:32 +0000

As I have a small capital base, my trading plan is to trade the shorter time frames ie 15 to 60 minute charts initially then gradually move to 240 minute and daily. This allows me to use smaller stops to keep within my money management rules and also to get experience quickly.

By: Henry

Henry — Thu, 18 Feb 2010 19:58:35 +0000

A nice educational read. Appreciated

By: Bobby

Bobby — Thu, 18 Feb 2010 19:17:51 +0000

Hi Nial Thanks for a great article…

By: Delvin Patrick

Delvin Patrick — Thu, 18 Feb 2010 19:05:13 +0000

Great article, the truth is most traders are indisciplined and do not take the business serious enough to have a structure, over trading and over analyzing the market is the outcome paired with consistent losses. This article should open our eyes to the need for organized trading plans and structure. More profits , less stress!
Delvin – jamaica