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Nial Fuller

Professional Trader, Author & Trading Coach

What If You Only Took 4 Trades a Month?

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By in Forex Trading Strategies Last updated on | 36 Comments

How many trades did you take last month? 4? 40? 400? The answer will tell me a lot about you and how you’re doing in the market. There’s an extremely high correlation between trade frequency or number of trades taken per month and one’s trading equity curve.

In other words…

Show me a steadily increasing equity curve and there is almost certainly a low-frequency trading approach behind it. Show me a steadily declining equity curve and there is probably a much higher-frequency of trading taking place behind it.

Today’s lesson, whilst using hypothetical examples, is very, very real in its theory and the concepts taught. I am going to show you my trading style and take you through a mock example 3-month trading routine that looks very similar to my personal trading routine on a month-to-month bias. I am going to show you how I trade, how I think, how often I trade, planning risk / reward and more. So, let’s get this party started…

The 4-trade per month trading routine…

My entire trading philosophy as well as my life’s philosophy is that less is usually more, simple is better, I consider myself a minimalist especially regarding trading. There are some very good reasons why I do this. I have discovered over time and through much experience that the more you push and try to ‘force’ money out of the market, they less you will make.

What this means, is that I prefer to take a low-frequency trading approach because the reality is that it’s what works. Traders who trade a lot or who day-trade tend to rack up the costs in spreads / commissions as well as in losing trades. Not to mention, there is a very real mental cost that comes with trading a lot, it’s incredibly mentally stressful and draining, which has a physical cost on you as well as relationship costs on your friends and family.

You need to understand that:

  1. You do NOT need to trade a lot to make a lot of money.
  2. You do NOT need to win a super high percentage of your trades to make a lot of money.

Once you understand the two above points, it will begin to change how you think about trading. Consider that with a strike-rate of just 50% you can put your trading account WELL into the black (profitable). How is this done, you ask? With risk-reward; by making sure your risk-reward is averaging about 2 to 1 (reward 2 times risk). The power of risk reward is often poorly understood and under-utilized by most traders, as a result, they lose money. When you are not taking advantage of risk-reward, you must win a very high percentage of your trades to be profitable, and that is a very hard thing to do.

Now, let’s look at a mock / hypothetical set of 3 months of my trading routine. These aren’t actual trades I took, but the charts you see ARE good examples of high-probability price action signals that I teach in my courses and that you can and should learn how to trade. Some of the trades in the spreadsheets (the losers) are totally made up and just there for example’s sake.

Here are the results of Month 1:

You will notice in the spreadsheet below that 4 trades were taken in approximately one month of time. Notice that there were 2 losing trades and 2 winners, but the winners were both 2R, meaning 2 times risk, so a 2 to 1 risk reward. The result was a positive 2R profit. So, if you were risking say $500 per trade, you would have made $1000 in profit for this month, not bad for only entering 4 trades which would require VERY little time investment on your part.

The first winner in the above spreadsheet was a nice pin bar sell signal at a key resistance level, as seen below. This trade went on to make 2R. Notice however, it took 2 to 3 weeks to play out from entry to exit. You must have patience to trade this way, that’s why I always say patience is what makes you money in trading. Most traders were jumping in and out of the market during these 2 to 3 weeks, losing money and chewing up their accounts with spread fees, losing sleep and generally just getting frustrated and angry. Not you! You’re trading the 4-trade per month method!

The second winner was also a nice 2R profit. Starting from a bullish tailed reversal bar that formed after a pull back to support, as seen in the chart below.

Keep in mind, this is hypothetical. A skilled price action trader could easily win more than 50% of their trades some months. I am trying to show you that even with a low strike-rate (even below 50%) with proper risk-reward, you can still make good money. Traders get into trouble by entering stupid trades and thus taking stupid losses that were unnecessary, risking too much and then losing too much and just generally deviating from their trading plans.

Here are the results of Month 2:

You will notice in the spreadsheet below that 4 trades were taken in approximately one month of time. Notice that there were 2 losing trades and 2 winners, but the winners 3R and 1R, meaning 3 times risk and 1times risk. The result was a positive 2R profit. So, if you were risking say $500 per trade, you would have made $1000 in profit for this month, not bad for only entering 4 trades which would require VERY little time investment on your part.

The first winning trade of this month period was an interesting fakey pattern that formed on the daily chart of the S&P500 within the recent runaway trend this market was in just before all the recent volatility set in. you will notice we netted a 3R winner here and could have netted a 4 or 5R winner. Getting one big winner like this a month, if you’re trading a very minimal amount of trades like I do, can literally pay for MONTHS of losing trades and put you into the black. Are you starting to see why I love this style of trading so much? You could be out doing anything during this trade’s lifespan; you don’t have to sit in front of your screen worrying, you just set and forget your trades

The next winning trade in this month period was an inside bar breakout play. Notice, this was only a 1R profit with the reason being, there was a key resistance level coming into play before 2R would have been hit, so logic would dictate we exit ahead of the key level rather than hoping and praying price breaks through it. It’s OK to take 1R profits sometimes if it makes sense, just don’t make it a regular occurrence or else you will have to win a much higher percentage of trades to make money.

Here are the results of Month 3:

You will notice in the spreadsheet below that 4 trades were taken in approximately one month of time. Notice that there were 2 losing trades and 2 winners, but the winners were both 2R meaning 2 times risk, for a total of 4R profit. The result was a positive 2R profit after you subtract out the two 2 1R losers. So, if you were risking say $500 per trade, you would have made $1000 in profit for this month, not bad for only entering 4 trades which would require VERY little time investment on your part.

The first winner in this group was an obvious pin bar buy signal on Gold which formed at an event area that we discussed extensively in our daily trade setups newsletter as a buy zone before that pin formed. This was a quick turn around on this trade, netting a 2R winner only 4 days after entry.

The second winner in this group was a bit of a cheeky one; an inside bar sell signal at a key resistance level. Normally, I like inside bars as trend-continuation breakout plays, but in certain situations they can be used counter-trend, something I explain much more in-depth in my price action trading course. Notice that we had a nice 2R profit off this setup that ended in a bullish pin bar from support as of last Friday which may well lead to a buying opportunity (See our daily members commentary for updates on this).

Key points to bring it all together:

  • Minimalistic approach to trading (and life) is what I love and what works for me in the markets, it will work for you if you let it.
  • All trades were taken on the daily chart time frame. This is how I trade 90% of the time and it’s how you should. Stop wasting your time and money on short time frames, this is a big reason you’re losing.
  • If you don’t stick to your anticipatory trading plan, none of this will work. You can’t be trigger-happy. You must trade like a sniper, not a machine gunner! It does take time, training and patience to get good at this, like anything.
  • You must BELIEVE in your trading edge and that it will play out over time. You must trade like a baller, not a scared trader desperate to make money.

The end results of taking just 4 trades per month over 3 different one-month periods:


I want you to promise yourself you will try this starting tomorrow: You will COMMIT to taking JUST 4 trades per month. Try it. Leave me a comment below with your promise to commit to this experiment, then after a month, contact me here and let me know your results. I firmly believe that if you follow-through with this, you’re not only going to see your trading results improve, you’re also going to be awakened to an entirely different trading mindset, something that I hope will completely change the direction of your trading career.

Now, just imagine if you combine the simple trading approach I outlined here today with the ability to find high-probability price action entry signals, place strategic stop losses, profit targets, manage your money properly and stay cool, calm and collected (like I teach my students). Once you learn how to bring all this together you should be unstoppable, far less stressed, hopefully more profitable, and most of all, living a happier, healthier lifestyle.

What did you think of this lesson? Please share it with us in the comments below!

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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 20,000+ students since 2008. In 2016, Nial won the Million Dollar Trader Competition. Checkout Nial's Professional Trading Course here.
  1. toms March 19, 2018 at 8:21 pm

    Nice article!

  2. Paulos March 16, 2018 at 3:09 am

    Thank for the Educational advice Nial. I commit to the 4 trades a month experiment, and can’t wait to bear the fruits of this lovely article.

    God Bless
    And Happy Profits.

  3. Cristian March 14, 2018 at 9:20 pm

    I have a lot to learn.

  4. Joakim Pålsson March 13, 2018 at 10:50 pm

    A good approach. I am trying to follow this. I only trade Dailys since several years and it has been succesful for me and better than shorter timeframes. Also only trading liquid markets with smaller movements but gives higher sucessrate using candlestick signals in my opinion.
    Thanks Nial, Ive been a member since 2011 and I can only bow deeply for your teaching method.//Joe

  5. Hopemanfx March 13, 2018 at 6:27 am

    Nial fuller you are best among best.

  6. Nitin Bhat March 10, 2018 at 6:10 am

    Thanks for a good article. I absolutely believe in this. I started getting interested in forex in October 2017. I searched for websites and was intrigued by yours. I took the chance (was skeptical) and subscribed to your course. Went through your material in less than a week. When I finished, I thought, this looks too simple- is it really?. You suggested in your course articles to try the demo platform and use it for some time. I traded on the demo platform (free for use for a month- trading with fake money) and found that it worked.

    So I started trading (first day Jan 30, 2018) with real money. Since then, following Nial’s advice ( as member subscription) you get his weekly newsletter and also daily newsletter; and gut feeling, I have made 6 trades since and have taken profit (2R) in 4 of them and taken loss (1R loss) in 2 of them. Which means I Have made 4x2R = 8R – 2 x 1R = 6 R net profit. Unbelievable and that too for a newbie.

    e.g. the last trade was on AUSUSD pair, entered at 0.774 last Friday (March 1) (because a nice pin bar had formed at support/resistance). Placed stop loss (1R) at 0.769 and took profit (2R) (March 9) when it reached 0.785. This thing works!

    Thanks Nial for the good work you are doing.

    P.S. This is my honest few words and I receive no commission from Nial for promoting this.

    • Nial Fuller March 10, 2018 at 7:03 pm

      Nitin, thanks for sharing your story with us, good to see you’re making progress with your trading and getting the results your working so hard for.

  7. Bogdan March 10, 2018 at 5:22 am

    Great adivice. Let’s start today :)

  8. Sthembiso March 9, 2018 at 8:56 pm

    This is what I`ll be doing Nial.

  9. Haider Ali March 9, 2018 at 11:04 am

    Great article, I have tried it in the past in my real account with a small risk and the results were very much close to your examples. I ended up with around 7R

  10. James Mboho March 8, 2018 at 7:40 am

    Thanks for this article, Nail. I promise to commit to 4 trade per month experiment.

  11. Anthony March 8, 2018 at 7:38 am

    This is exactly what I needed Nial… Thanks a lot… I’ll contact you at the end of one month.

  12. Mangut Kefas Mafwalal March 7, 2018 at 11:55 pm

    Very nice educative article. Keep it up.

  13. Mattilight March 7, 2018 at 10:52 pm

    Hi Nial, honestly I must commend ur effort in trying to make us a successful traders as u are, at no cost. But I have question as regard to how u handle the effect of news on the forex market, as I ve never heard u make mention of fundamental analysis on forex trading.
    Thks, I hope u make a respond to this.

  14. KRISTOFA OKENTA March 7, 2018 at 6:52 pm

    The Tomorrow we talked about Yesterday is Today.

  15. Pauline March 7, 2018 at 11:17 am

    Hi Niall,

    Great article, so obviously logical and yet so difficult to do. More patience and more discipline required.
    I notice that the entry for the trades with pinbars appear to be either at market or buy/sell Stops. Is that correct? Is that so as to trade with momentum?

  16. Dave Bower March 7, 2018 at 7:09 am

    I’m going to give this a month

  17. Andy Onafuye March 7, 2018 at 12:19 am

    State10, promise to commit to 4 trade a month from today 6/03/18.

  18. rossen dimitrov March 6, 2018 at 11:05 pm

    Hi Mr Fuller,

    Your conception is the only truth


  19. Ron Clarke March 6, 2018 at 9:12 pm

    Hi Nial

    I guess part of my problem was that I was a failed stock trader and I did so want to be a successful currency trader, but no matter how many times I read through your course, no matter how much effort I put in, I could not crack it.

    Finally your lesson about how you do your homework each weekend, understanding what had happened and what you expected to happen, changed it all for me. This together with patience and a very low volume of day (time frame) trades, has paid off. Its funny, I really enjoy doing my homework on the weekend. Also, finally I feel relaxed about trading. You can’t be clear if you are sweating over every pip!

    Thanks again, Nial.


  20. joe March 6, 2018 at 8:51 pm

    thank you sir.
    this is really great.
    i have a question though, how do you deal with news? i mean, if you have long position eur/usd and anticipating big news ? do you close the trade or just let it take care of itself?

  21. Stephen Gbaluke March 6, 2018 at 8:38 pm

    Honestly Nial you are the real deal. I will surprise you one of these days to show you how much I appreciate your lessons and invaluable FREEEEE mentoring.

  22. matson March 6, 2018 at 4:57 pm

    Thanks a lot Nial

  23. Jim Watts March 6, 2018 at 2:45 pm

    Thanks Nial.

    OK I’ll commence this as from today.
    makes sense, and this could be the winning edge I am always looking for.

  24. Mary March 6, 2018 at 12:48 pm

    Thank you Nial. I will do as you recommend. I commit Today, Monday March 5th, 2018 at 7.40pm USA, MST, that for the next one month I will take only four [4] trades a month.

    I promise myself that I will try this starting tomorrow: I COMMIT to taking JUST 4 trades per month.
    I will Try it. And I am hereby leaving you a comment now, right here, my promise to commit to this experiment. I will keep a trading journal and after a month, on Saturday April 07, 2018, God willing,
    I will contact you again here and let you know my results.

  25. Jasjot_kaur March 6, 2018 at 12:27 pm

    Hello Nial
    I promise to take 4high probability trades this month with risk reward management and will send you my results.

  26. Asgher March 6, 2018 at 12:21 pm

    Not committing to the experiment but I’m a firm believer in your minimalistic approach, it’s because of your guidance that I’m a profitable trader after almost 4years. Took me some time + losses to completely understand what you’re actually trying to convey thank you for that, keep it up mentor!

  27. Malvika March 6, 2018 at 12:10 pm

    I have promised myself to commit to this experiment, no matter what.
    You are a beautiful soul that is making so many lives happier and healthier.
    God bless you!!

  28. WLaminT March 6, 2018 at 12:09 pm

    Hi Nial,

    I love the approach, and will commit to this experiment of 4 trades per month.

  29. David March 6, 2018 at 11:12 am

    I promise to commit to just 4 trades per month.

  30. sheldon March 6, 2018 at 9:09 am

    I appreciate this article Nial. Being a newbie trader I seem to make a lot of trades, will do this for my own benefit.

  31. Onyemachi Samuel Ndusoro March 6, 2018 at 9:03 am

    I am a novis in fx.what i need are: 1 basic 2 .professionl fx training. Then you lunch me into actual fx training God bless my good teacher Nial and his team.

  32. Alexandra Dittmann March 6, 2018 at 6:17 am

    Hi Nial, quite an eye-opening article, thanks – I hereby promise to commit to the Trade-Just-4-Trades-per-Month experiment. Will keep you posted!

  33. pinto22 March 6, 2018 at 4:53 am

    Thank you very much for your fantastic article. Hereby I commit to the experiment.

  34. Kgomotso March 6, 2018 at 3:33 am

    I have seen great results using this approach.
    Great one again!!!
    You are simply the best AUTHORITY on PRICE ACTION!!!!


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