Login
XMAS SPECIAL: Get 50% Off Life-Time Access to Nial Fuller's Professional Trading Course - Ends DEC 31st - Click Here

thinkoutsideWhat do Steve Jobs, Henry Ford and Mark Zuckerberg all have in common?

The same thing that Oprah Winfrey, Clint Eastwood, James Cameron, George Clooney, Tom Hanks, Julia Roberts and Steven Spielberg all have in common…all of these famous and successful people were either college dropouts or never attended college at all. The list goes on and on: Abraham Lincoln, Ben Franklin, Frank Lloyd Wright, and a lot more.

Since the days of Henry Ford and Thomas Edison, many business leaders got their starts without the benefit of degrees, including Steve Jobs and Steve Wozniak of Apple, Larry Ellison of Oracle, Bill Gates and Paul Allen of Microsoft, Mark Zuckerberg and Dustin Moskovitz of Facebook, Michael Dell of Dell Computers, Brian Dunn of Best Buy, Anna Wintour of Vogue, Barry Diller of IAC, John Mackey of Whole Foods, David Geffen, Ralph Lauren, Ted Turner, Richard Branson and more.

So what does this have to do with trading you might wonder? A lot. Many successful traders, investors and entrepreneurs that I know, including myself, never finished or went to college. The common thread amongst myself and other college dropouts who have achieved success relatively early in life is that being a self-driven person with unrelenting passion and motivation will lead you to success no matter what field you choose.

The “red pill” or the “blue pill”?

Successful college dropouts are people who think outside of the box, risk takers, but also people who have unrelenting drive and determination. Many people don’t have these qualities. Most people just go with status quo, almost sheepishly doing what everyone else in society does just because it’s the “normal” thing to do; these are the people who struggle at trading because they are just part of the mass of people who are afraid to change how they think. Most people are afraid to take the “red pill”…if I may use a metaphor from The Matrix, and most people fail at trading…there’s a connection there. If you look at the profile of any of the successful college dropout that we discussed above, they were not afraid to take the “red pill” and had no interest in the “blue pill”.

I have always been a “red pill” kind of guy. Wanting more out of life than just the “norm”, and not wanting to follow the rest of the herd into college, I got really interested in trading when I was about 17 years old and still in high school. I actually started my first business even earlier, it was a car detailing business that I ran around my neighborhood…whilst my peers were out playing sports and going to parties, I was running my little car detailing business and sitting around thinking about how I could improve my knowledge of business and trading. This is how I’ve always been, and I purposely avoided swallowing the “blue pill” of “normal reality” because it always seemed very boring and confining to me.

pillI believe there’s a common mindset or thread shared between people who achieve success early-on or who don’t worry about societal norms like finishing college and having a “white picket fence house”. Being a successful trader is very much a “red pill” profession. Indeed, if you say to your parents at 18 “Mom and Dad I’m skipping college to become a Forex trader”, they are probably going to have some criticism for you to say the least, at least most parents would. It’s because being a professional trader is not “normal” it’s not status quo, and similarly, the mindset needed to become a professional trader is not status quo either.

There’s mounting evidence that a college degree is not as easy of a road to financial success as it once was. As Kathy Kristof points out in her article The Great College Hoax on Forbes.com, the rising cost of college combined with the crushing debt left over by student loans causes many college graduates to be stuck in mediocre paying jobs while having huge college loan debts to repay. This is not to say that college is pointless, certainly having an education is a very valuable tool, I’m just saying that it might not be for everyone and that people should research more before they dive head-first into loans and long-term commitments. Certainly, if you really want to become a full time trader, you’re probably better off skipping college all together.

There are no college courses for becoming a trader

I am an avid book reader and I have always had an unquenchable thirst to attain knowledge and learn new things. Many people go to college and just barely get by and don’t learn too much but they get a degree, because society says everyone should do that. It just always seemed a little funny to me, this notion of getting a cookie-cutter degree to have a cookie-cutter job, it also seemed mundane and very robotic. I wasn’t interested.

So, I embarked on a journey of intense self-study and self-education; especially with the internet these days, you really can teach yourself anything. If you want to get a college degree because you think it will help you in a specific field you’re interested in then more power to you. But, if you want to become a trader you’re going to have to be a very self-driven person…there is no state-certified curriculum that teaches people the skills they need to make a full-time living in the market. Most of the skills you need to trade successfully are learned in the school of “hard knocks”, indeed that’s where I forged mine.

A survey conducted by Bloomberg in 2010 showed that the school of hard knocks was the number one source (tied with the University of California) for CEOs of S&P 500 companies. Harvard was the #3 source (along with the universities of Texas, Missouri, and Wisconsin). The school of hard knocks features CEOs who never graduated from college. Of the top 400 richest Americans in 2011, 27 graduated from high school but did not attend college. Another 36 were college dropouts. The point is that you don’t need to attend or finish college to be successful, many very successful people have “made it” doing things their own way, including myself.

I am a successful trader, investor, business person and entrepreneur and I have no college experience worth talking about. Did I get some grief from some people about my decision not to attend college after high school? Yes. But, taking the “red pill” in life often leads to criticism from others, sometimes it’s out of concern / love and sometimes not. Whatever the case, taking the road less traveled is usually something that you need to a lot of mental strength and determination to do. You have to be confident in yourself and in your ability to achieve your dreams, this is what allows you to ignore the criticism and critiques from others. If you want to become a professional forex trader you’ll need these qualities as well, because you are probably going to encounter some resistance or criticism from others when you tell them your plans to become a pro trader.

Successful Forex trading requires a different skill set…

skillsetA big problem that many successful professionals in other fields run into when they try their hand at trading is that the skills they used to acquire success as a doctor, lawyer, college professor, etc, largely don’t apply to being a successful trader. Obtaining knowledge from a university and using that knowledge in a job is a very different skill set than the intense self-control, patience and mental clarity needed to succeed as a trader. You could almost say that most “common” jobs are more about dictating what you have learned outwardly, or to other people, whereas a trader has to dictate and use what he or she has learned inward, in order to navigate the markets and control their emotions at the same time. Trading really is the ultimate test of psychological control and having a disciplined mind-body connection.

This is why so many people who are successful in other professions get a big wakeup call when they start trading and subsequently lose money in the markets. They naturally assume because they are successful at their day-job they’ll be successful in the markets, but it’s not as easy as that.

The best traders listen to themselves, not to other people or their opinions. If you want to make money in the markets you have to trust your own decisions and not change your mind every time you read an opposing view on the market from someone or some website. Trading is a profession where you’re very much “inside” your own mind a lot, so for this reason it tends to attract people who take different paths in life and who don’t attend or finish college (that’s not to say people who do finish college can’t be good traders, just that it’s not required). If you can master yourself, meaning controlling your own emotional impulses as well as physical behaviors, you will have attained the “core” of what it takes to make consistent money in the markets. Everything else can be considered the “easy” part.

Conclusion:

To clarify, I am not suggesting that any current college students should dropout, nor am I trying to dissuade anyone from attending college, the point of today’s lesson is simply that becoming a professional trader largely requires skills that are not taught in any traditional school. I also wanted to stress that many successful people in the business world and elsewhere did not take the “typical” path in life; rather they followed their gut and what they “felt” was the best thing for them to do. That’s what I have always done and I personally know many others who fall into the same boat, none of us seem to have any regrets.

There’s another key element to becoming a successful forex trader that we have not talked about yet. That is, if you consider the “status-quo” within the trading community itself, we could say that it consists of things like forex indicators, expensive trading software, expensive courses and seminars, etc. Simply put, most of these things don’t work, they are basically just gimmicks. Status-quo efforts and approaches will get you status-quo results, and that’s basically true for everything. The people who make serious money in this world are investors, risk-takers and entrepreneurs; they are anything but status-quo. There’s nothing wrong with going to college, getting a degree and a “normal” 9 to 5 job, if that’s what you want and it makes you happy. However, I wanted to stress to you today that making a living in the market is going to require a lot of very non-status-quo action and thinking from you.

For example, most traders are thinking about indicators, trading robots, “secrets” to wealth, trying to trade without stop losses, etc, I would call this more of the status-quo of Forex trading. So, after realizing all of this many years ago, I finally figured out that as ironic as it seemed, simple, raw and stripped-down price action trading was about the most non-status-quo trading approach I could find, and it also made the most sense. Thus, my very non-status-quo life to that point had led me to the least status-quo trading style, but it was the one that made the most sense to me and has worked the best since. It can be hard to ignore all the things you read and hear on the web and elsewhere about trading the markets, whether it’s Forex, stocks, commodities or anything else. But, at the end of the day, it really all boils down to how well you can control your own mind and actions in the market, how well you can read a market’s raw price action, and how much you believe in yourself. Everything else related to trading is pretty insignificant.

I hope today’s lesson has provided you with some insight and brought you closer to understanding the reality of trading and what it takes to succeed. If you want to learn more about the ‘non-status-quo method’ of price action trading, checkout my price action trading course and members’ community. You can also contact me here.

About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 15,000+ students since 2008.
Checkout Nial’s Professional Forex Course here.

Now I want to hear from you! - Click Here to Leave a Comment

110 Comments

  1. Mr Joseph Mpota says:

    True that……………..i am also a college dropout,i started trading 8months ago….i lost more money while i started but now i am good…..

  2. sage says:

    I love your posts bro (this included), i can’t wait to finish saving up to purchase your course. You are doing a great job.

  3. chirag karia says:

    sir,your blog,trading simplicity /idea,means price action trading article had given me new view towards trading that it is only about be simplified,money management ,No Technical charting (fishing for intelligent idiot ). I m word less how your website , videos changed my view ….. god bless you ,because to teaches a knowledge is a biggest donation as a human better then donation of money

  4. aj says:

    I dropped out of college to be a trader I started from 1 min chart to 30 min charts now i trade strictly 4 hour charts and 1 pair with price action and I have been more confident and successful in my trading great article!

  5. Frankanto says:

    Each of your articles I read meets my trading needs. They have greatly inspired me in my trading career.
    Thank you very much and God continue to bless you.

  6. Awofeso says:

    Hi Nial,
    According to the late (Afro-Beat) legend “Fela Anikulapo-kuti”, he said certification means CERTIFIED SLAVE, simply because you cannot work anywhere without the government asking for you certificate “certified-slave”. Even if you dont know anything about the job you are applying for, but once you have your certified-slave certificate you are good for the job.

    What am trying to say is “You can make it in life without being someone else slave.
    Be a Trader and your life will never be the same!

    1. sez elabor says:

      bro well said..

  7. Alexandra Dittmann says:

    Fantastic article, Neil – highly encouraging! Left my employed job 1 year ago to become a full-time Trader and move to the Canary Islands with my husband… Was doubting myself seriously lately as I couldn’t get past breaking even, but that has changed to the better since I have begun to implement the learnings from your blog.
    It’s wonderful to know there are people like you out there who prove that indeed, it is possible to be a successful Trader without sacrificing one’s peace of mind.
    Thank you and kind regards,
    Alexandra

  8. Maros says:

    I have college degrees from different countries but still feel to constantly work on my discipline. Hopefully, one day I will be able to swallow the “red pill” as well. Good piece of work, Nial.

  9. Henry says:

    Nial,

    This is a very inspiring article for me. I am also a college dropout who still eager in doing and enhancing my business. There are many obstacles indeed in my effort to achieving my goals but when you not letting yourself distracted with other things, those goals can be get much much much faster!

    I really fond of your articles, mate. They are really great!

  10. Lode says:

    I love this article, I’m sort of the same type of guy. There are so many great opportunities around, but you will never see them with a narrowed minded view. Thinks outside the box and don’t be afraid to fail and If you will fail, you can do it over and over again.

  11. Linda says:

    Thinking out of the box and following one’s intuition in life is my philosophy. Love your trading articles and calm, clear, ‘kis’ approach, Nial.
    Happy trading everyone, 2013.

  12. Eve says:

    Hey my Boss, I totaly agree with you!

  13. manuel says:

    interesting view expressed in the article.but all the same nicely written though i do not entirely agree with you. Kudos

  14. folarin gbenga says:

    i will like to be your student.

  15. JOSE LUIS says:

    You are incredible my friend!!!!

  16. slivester says:

    u are the great gift from god…thanks for the great article nial….

  17. Honza says:

    Very nice!

  18. Stephen says:

    Heyy, thanx for this article. It has really inspired me alot.

  19. jaykay says:

    Absolutely a great Down to Earth article…..and very true indeed.I loved reading it and know from peronal experience how correct and to the point is this article. thank you.

  20. naveen says:

    Hi Guru, I am reading your articles everyday repeatedly. You have amazing writings skills also. Two years back, I visited your website. But I was searching the ‘holy grail’. Now, again I came here and continously reading, practicing, following your lessons.

    Thank you.
    Naveen from Chennai.

  21. wade says:

    100%… I have always thought this way and as you said, been criticized for it…

    I do have a diploma (1 year) but this helps me live while i learn more and more about forex and build my live account, I would say at the rate im going, maybe in 2-3 years i can become a full time trader? You only have one life, why slave it away to make someone else rich? and then finally start living life to the full when you are 65??? makes no sense…

    So thank you Nial :), Once again

  22. Buddy says:

    My humble thanks for your guidance and helping me to maintain my focus.

  23. Daniel says:

    Great article mate.

  24. Kaptain says:

    Well Nail, thanks for you thought on this. I have a Masters Degree myself and have been trading Forex for 3 years now without any sucess. I have been with your forum for two years of these 3 and still without any success. I have lost alot of money trading unfortunately, but I will never quit just like I never quit getting my degrees. That is me being driven…

  25. The Big A says:

    Anyone who has read Napoleon Hill’s book think & grow rich soon realizes a university education is not necessary to achieve success.Some of the sheep with uni degrees I’ve encountered make me glad I quit school at an early stage! Self beleif will get you any where you want to go,Another Brilliant article Nial !

  26. Karl says:

    We are becoming a self improvement site gradually. The article is nice.

  27. Mike says:

    Nice, thanks Nail

  28. water says:

    I confess , I have become an addict of Nial’s articles.By it’s self thrust It has almost become religious sacred words for me in trading and life at large.

  29. sam says:

    After reading this article Im also gonna dropout my college this year,and become a successful trader.

  30. jusmijo says:

    Thank you nial!

  31. Jeriah says:

    Once again, Nial’s article is always worth its weight in gold. Thanks for sharing Coach!

  32. Cyria says:

    This article is a great advice to everyone in any field. Thank you Nial for your wonderfull food of taught, you are indeed a menthor.

  33. Neil says:

    Hi Nial, another thought provoking article and saw sounds like my life.
    Thanks

  34. Thulani Magaqa says:

    Well wud love to knw more

  35. ivan says:

    This is what I like from your blog Nial. You provide post on trading psychology which quality is quite rare. Keep on sharing! Success for you

  36. Brett Reynolds says:

    Ha,

    From one college dropout..to another..!

  37. nsibande mzabalazo says:

    The article incourages me deeply as I am a college dropout
    I also got intrested in trade after I droped out pending at college 2yrs ago I confess am deeply touched”

  38. Funshion Movie says:

    Great article, i didn’t finish university too, am doing great as well.

  39. Sachith says:

    Thanks you sir

  40. Tom says:

    Great post Nial! We love hearing from you, keep it up my man!

  41. John A says:

    Hmm.. True I think collage is over rated. I got my BSc Chemistry last year, but I cant get a job in my field until now. During this time of struggle, I followed Nial and other forex gurus who are using price action strategy.
    One thing that I would want to point out is that not everyone has guts to take the risk forex trading brings. Not everyone has the discipline not to fall on their own greediness.ta I hope that not everyone will start dreaming that forex will give you instant money. Forex is a tool that will help you build your wealth. It involves lots of discipline and studying.
    I can see that I can be a successful trader 5 years from now, (1 year to perfect my trading edge + 4 years to build $100k so I can trade 2% and make ~2k-8k per month), but for now, Ill gonna rely on my degree to get me a job while I build my wealth using forex.. and stock market..,

  42. Shane says:

    Excellent piece of an article…one of the few I read from start to finish…thanks a lot for this eye-opener.

  43. Fount Shults says:

    Thanks again, Nial, for a very insightful article. Even though I have a PhD from a major University, I have never used the degree to become successful. But I have had trouble becoming a successful trader because I try to use the same methods of learning that awarded me the PhD.

  44. Asim says:

    hello
    Sir Nial,

    this was a great article and i dont know you belive or not but my thinking and story is as same as above… CHEERS !

  45. Keith Loy says:

    Good article Nial.
    It’s true – I’ve recently realized that trading does indeed require a different mindset than a “normal” job.
    It does appear to be more about your emotional/mental state than anything else.

  46. stuart jackson says:

    Damn!!
    I really wanted that white picket fence

  47. Bobbletog Flartybart says:

    Dear Nial,

    Okay some college drop outs succeed in business and make it is forex traders.. However I would expect that a high proportion of college flunkies also fail in business and forex as well. Infact I would bet that the proportion of these drop outs who fail is much higher than those of us who managed it to the end.

    Nice Sermon anyway! Ha……..ha!!

  48. AMIN MALIK says:

    THANK YOU NAIL, YES! The traits like”Intense self-control, patience with disciplined mind-body connection and mental- clarity about the trading EDGE” are must to become successful trader. REGARDS, AMIN MALIK

  49. Joseph Schueller says:

    Very interesting article because I am actually in college. I really think that the trading mindset and disipline extend far beyond trading. I am trying my best in both my college career and trading career.

  50. doky says:

    debatable

  51. Jim says:

    Excellent article. We have too many college grads on welfare with a lifetime of debt before they get their first job. College is a profession that only continues with new students every semester. Trading ,especially Forex, is the only true occupation where you get paid in relation to your abilities. This is a self learn profession. Books and Internet help but you have to trade, you can not depend on other peoples systems and “bots”. You have a simple , clear trading plan that can help all traders “clean their charts” and make better decisions.

  52. Shyam says:

    Good article.

  53. James says:

    Well said nial! Agree with everything you said here. after finishing A levels (college)not getting the best grades in the world and not having any interest in uni, was going to tackle the world off my own back! BUT every tom dick and harry said I should cause its the ‘done’ thing to do plus all my friends were going so I done the easy (stupid) thing and followed the crowd to uni. Don’t get me wrong I had a great time there, met some amazing people, got some amazing memories, but I’ve learnt so more in the past 12 months about how to achieve success and follow your dreams in the real world via Nials website than I did in 3 years at uni. Nials Articals and course are full of no nonsence straight talking information that if followed will bring anyone success in thier life. And i have to agree with what he says, the most succesful business people I have met either didn’t attend uni or droped out! Great artical Nial.

    James

  54. woodya69 says:

    Hi Nials, right on the hammer mate , good one.
    Cheers Woody

  55. David Hunter says:

    Hey Nial, I totally agree with the sentiment in your article. Education and college are not always synonymous – I knew that university was not for me from the start and have never regretted not going. In fact I would go so far as saying there is a benefit to me of my not having a degree, in that I have never relied on that piece of paper to get a job and keep it – I prove myself with my ability every day and that is the same approach I have with trading. The market never fails to give me accurate feedback if I am not on top of my game.

  56. Lyte says:

    Thanks Nial. Just when I think I have to follow the “norm” todays lesson only encourages me to keep going!

  57. Asghar says:

    Too late for the advise already done my college :D. Nice article though.

  58. Ant Seb says:

    I am a college student and a consistent trader( at least breaking even)thanks to my trading mindset.
    I just got a 15% on my college test today. I smiled thinking how my professor would score the same if he there was a test on Forex trading, and how I would get 90%.
    Pro-trader for life!

  59. Okoyeocha says:

    this article indeed gives me a lot of strength to move on since it was believed that more than 90% of fx traders fail to make it, and as i don’t believe in failure I decided to excel where others fail

  60. Mark says:

    Another good article, thanks, Nial.

  61. Olatunde says:

    excellent piece!so down-to-earth & rare depth. keep the good work up.

  62. KeithN says:

    Nial,

    Don’t forget the most famous drop out of modern times. Sir Winston Churchill!

    Regards.

  63. PeterMacD says:

    Hey Nial

    I couldn’t agree more. I have been the red pill guy all my life. George Bernard Shaw said “I cam to a fork in the road, One well travelled and one less travelled, I took the one less travelled, And that made all the difference!”

  64. larry says:

    I like it. Thanks for all your articles.
    Larry

  65. swede says:

    Totally agree…wonderful article and an ancouragement for anyone thinking they need a college degree to succeed in the Forex business. (or any business for that matter)

  66. vipen doll says:

    Hi Nial,
    I could not agree more, I started trading when i was 15 and just applied basic knowledge to the graphs of when to trade and when not to trade.

    I have probably spent less than 400 hours learning to trade and my demo accounts gradually improved. On my real account I have executed at least 50 trades and 45 were successful so clearly I am doing something correctly.

    I am only 17 so if i can do it what is stopping you?

  67. rena says:

    Good article,keep it up.

  68. Orr says:

    Nial you just slaughtered one more sacred cow. You seem to be in this habit for a while and I enjoy every bit of it. Love your writing and your course has been of great help for me. Thanks!

  69. Ernie Cabrera says:

    16 Nov., 2012

    Hi Nial,
    This article is very encouraging. I myself did not finish college. I was studying to be a chemical engineer but after four years, was so bored i decided to stop. I ended up in the computer business as marketing man and the last position i held was vice president for marketing for the local distributor of Tandem Computers. Your article gives me hope that I will eventually be successful in the trading business. That is, after I have mastered your lessons.

    Regards,
    Ernie Cabrera

  70. Mohammad says:

    Thanks Nial,

    This is a book like article summarized on various
    experiences of educational life and tradng.

  71. Darrell Jones says:

    After blowing my account up twice and listening to supposed gurus, I finally followed your strategy. I have been gradually building my account ever since I got rid of the noise and started using raw charts, price action, trends, and support/resistance. It almost seems too easy.

  72. GaryC says:

    Good article Nial’s it really makes you think about were you are in your trading mindset. As you say that roadless traveled mindset, living your dreams and believing in yourself, the only one who counts anyway.
    Gary
    Vancouver, BC Canada

  73. Leon says:

    Great article Nial, this one really resonated with me. It’s also just been forwarded to a particular family member who seems hell bent on disturbing my forex developmental path, despite demonstrable success so far. Neither they nor anyone else will deter my path to achieving my forex dream but your article perfectly articulated my argument to them. Cheers!

  74. Wes says:

    Another thing is that they’re just handing out degree’s these days! I work with someone who has a masters, still going to school, and doesn’t even know the difference in where the funds come from that pay the salaries of a government employee vs. an NFL football player here in America. I wanted to rip the NFL jersey off of her and tie it around her neck while explaining that “your purchase of this shirt pays the football player, you, the government employee are paid from the ripping off, oops I mean the taxing of everything they can think of taxing just so they can hire you to be stupid!” Now with BO being re-elected, she’ll probably be getting some staff to work under her. Hmmm, what’s my point you ask; she could still be an outstanding trader. )o:

  75. Martin says:

    Nice article. As in most aspects of life, once you strip away the BS there is not a lot left, and everything becomes unbelievably simple.

    Thanks Nial, all the best.

  76. Marcin says:

    It does not matter if you attend high school, university, courses or whatever path of education you choose. Thy only thing that is valuable is to become an expert in any categories of business you like. Do things which you like, makes you happy but try to do them good (professional).
    Personally, I still have problems with applying to my life the above sentence.
    Greetings from Poland!

  77. Mcai says:

    Well done mate, a near perfect view from a the eyes of a pro trader and what it takes.

    Anyone can become a pro trader, seriously…. Anyone.. Just gotta have the balls to achieve it.

  78. Karlis says:

    Really enjoyed. :)

  79. Roland says:

    From your article, it seems that I have taken the ‘blue’ pill. I have finally decided to try out forex trading after so many years thinking about it. I’m still on my demo account and even that is very confusing. So much indicators to watch out and it seems that I’m going in blindly.I would like to learn about your price action trading method and hopefully it’s easier to comprehend. Tq.

  80. Michael says:

    very informative article. indeed many of us were made to think that success can be had only through the “blue pill” mindset. But the times have changed and so we must break out of the box.

    thanks

  81. Nelson says:

    You really saved my account before total collapse. I’m not a member yet but just reading your articles and watching your videos made me realize I was on a totally wrong path.
    I feel like you are talking to me on most articles. I’m also drop out from college, not because of forex but because of other business I had. Now I’m trying to be successful at forex and your articles have been invaluable. I hope to join real soon. Your free content alone worth the money.

  82. Ali says:

    I am glad that I am a college dropout :D

  83. Ian says:

    Nial,

    For me the biggest thing with you is your no nonsense, no hype approach and attitude towards trading currency. Too many currency trading business’ (often expensive) suck people in promising riches with get-rich-quick strategies with very little, if any emphasis on mindset. Mindset is the key to success in currency trading and in life so thank you for your unique articles and approach – I thoroughly recommend you as a mentor to any prospective members after spending nearly 100k on trading couses and personal development.

  84. kartik says:

    hey nial , thanks for the great articlw you really wrote what i have been thinking for a long time now its really very encouraging to read an article on such a topic as even our own near ones don’t understand us because we are taking a different path

  85. Nagaraj patil says:

    Very good article, changes the Trading approach & mindset. teaches how to become a successful trader.

  86. Erfhan says:

    Thanx Nial, a Brain Opener

  87. Zsolt says:

    Nial,

    Excellent article and I fully agree with everything in it. Although I have three degrees, all of them from elite schools known all over the world, most of the time I spent at universities was a waste of time, my degrees are nothing more than status symbols. At the same time I am an anti-status quo person (had conflicts everywhere I worked because I refused to take orders), love learning and testing new things and concepts. I take huge risks, not always calculated ones, and do from time to time run into difficulties. What looks like failure at the beginning usually turns out to be nothing more than a bump on the road to my financial independence. I always bounce back because of my non-conventional thinking and approach and utter determination to succeed. Every forex trader should have these qualities in order to succeed, a degree won’t help in this tough but wonderful business.

  88. Malusi says:

    excellent stuff Nail very inspiring and it also enlightening, I guess U can also make it in becoming a motivational speaker for traders,

  89. sylvester says:

    Very nice.

  90. KRISTOFA OKENTA says:

    YES INDEED

  91. A.N.M.Suhrawardy says:

    Hi Nial,

    After reading your Article i feel much Confident in myself. Thaks for sharing your insight.

    :)

  92. Frank says:

    hi Nial!
    You never seize to motivate me with your writeups. I appreciate you so much. Ever since I got to know about you, i have decided to listen closely to you from your articles that i have read. You are trully my mentor. I am not a member yet but i know definitely that whenever I am financially up to that, i will register with you. May your inspiration to write more never cease. Thanks Nial. You’re simply the best.

  93. bambang sudarto says:

    Another acouraging topic. Good writing

  94. Paul says:

    Phenomenal piece of work Nial
    very well done
    You could submit this for your final thesis! (Joking)
    There must be a link between the low success rare of all those wanting to become traders and society ‘norms’ that the majority of individuals comply with
    If you are not satisfied with the results you are getting, then you need to do (and think) something different

    Have a great weekend, best
    Paul

  95. Ramli M.S says:

    Thanks Nial.

    I have a great respect on you.
    Your advice is excellent.

    I am your student for one year plus.
    Doing well with your metode.

    Thanks n Cheers

  96. Ariyo says:

    HI, MY MENTOR, AFTER LOOSING OUT AND GETTING TOTALLY FRUSTRATED IN FOREX, I READ YOUR WRITE UP ON SUPPORT AND RESISTANCE LINE AND YOU PRICE ACTION STRATEGY.
    AM REALLY GRATEFUL FOR MAKING FOREX TRADING SIMPLE FOR ME AND AM HAPPY THAT I HAVE BEEN TRADING FOR THE PAST ONE WEEK WITHOUT THE NEED TO RUSH TO THE BANK LIKE BEFORE TO REFUND MY ACCOUNT.
    I HAVE BEEN USING THE DAILY CHART PRICE ACTION STRATEGY, I CAN SLEEP VERY COMFORTABLY AT NIGHT AND I FEEL RELIEVED UNLIKE BEFORE,
    IN FACT, THE PRICE ACTION REALLY PREPARE SOME TRADES TO ENTER DAYS AHEAD E.G AUDUSD WHICH IS @1.0332, EURUSD AND EURGBP.

  97. Ironn Anderson says:

    Excellent!

  98. Johann says:

    Great article Nial. An eye-opener. Thanks for sharing your opinion and your view of life. Learning through own experience and others (like yours) can certainly be invaluable in helping reach our goals.

  99. Tomson says:

    Superb,
    I must say that your last three articles has been very interesting. As you point out, the hardest part is the philosofy and the right mindset about trading, and those latest articles about that are brilliant.
    Just reading about PA, how pinbars, fakey or IB should look like isn’t enough, only the beginning.

    Thanks a lot.
    Cheers Tomson

  100. ed says:

    also… it seems to me it’s about believing in yourself and march to your own rhythm

  101. Miki says:

    Coach, its a joy to read your articles every Friday. Keep on the good work.

  102. phil preston says:

    Nial
    Fantastic advice – Like all your other posts!! Thanks for sharing it.

  103. Alexander says:

    I agree with this Nial, i am going to college just as a “backup” plan whilst i am increasing my live account at the moment. I don’t really want to have a normal job, i want to trade, if i earn 2000 usd a month or 5000 usd a month in 4 years does not matter.

    The biggest profit from trading is the spare time and you can do what you love instead of going to work 40 hours each week.

  104. Patrick says:

    Nial, thank you so much for this outstanding article.

  105. Pathfinder says:

    Thanks Nial,
    a very cool article and ‘food for thought’ for everyone

  106. samuel says:

    well said Nial. education won’t give one success but rather self determination and self belief which enables one to soldier on despite all the obstacles. You are a true mentor man. your lessons are crucial not only in forex but also in other aspects of life.

  107. ed says:

    interesting point of view, thx

  108. Nadeem Qureshi says:

    Hi Nial,

    Nice Article mate. I am also a college dropout and finally learning the price action and forex with great dedication. Lets have a look at the next article.

    Regards,
    Nadeem

  109. Carmen says:

    Excelent article.

Leave a Comment

Your email address will not be published. Required fields are marked *

Disclaimer: 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. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. 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.

High Risk Warning: 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.

legal
Copyright 2008-2016 Learn To Trade The Market