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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

What Forex Trading Was Like in the 1980’s

2011-09-25T20:49:07+00:00
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By in Forex Trading Videos by Nial Fuller Last updated on | 75 Comments

One of My Friends Sent Me This Video Series. This is a great Video Series that Shows Traders What Forex Trading Was Like in the 1980’s. It’s amazing how different things are today. Please take the time to watch this cool video series, I am sure you will enjoy it. On June 4, 1985 the Enterprise cameras focused on the international currency market. Three traders, one each in New York, London and Hong Kong, are followed through one typical day. The stress, the responsibilities and the dedication of each man is evident as they work through a day of trading in Pounds Sterling, U. S. Dollars and German Marks.

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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. John Smith October 17, 2017 at 1:30 pm

    Well that was interesting !!! Two things, the dealers even now , or more now with hedge fund businesses, must be moving markets in the short term, second, the interesting comment about the American dealer, wait wait wait until it is right to enter the market, straight from Nialls thinking :)

    Reply
  2. John July 14, 2017 at 10:49 pm

    Humbling!!…. and to think i was impressed with my abilities! :)

    Reply
  3. Victor December 5, 2015 at 12:45 am

    Just come across this video. I traded FX at BZW as a grad trainee until politics wielded its axe in ’94 and was sent to the back office a year later! Great video though…

    Reply
  4. brian April 12, 2015 at 12:11 pm

    Nial, I ABSOLUTELY enjoyed this 80’s video! Fascinating and alot of fun. Amazing how things have changed-especially technology wise. Look at the way technology has allowed small retail traders to play in these markets.

    Reply
  5. DEV June 2, 2013 at 11:06 pm

    it’s just amazing video….

    actually the overall trading psychology is explained in a very good manner…..really nice and must video for the newbies ….thanks nial….

    Reply
  6. hilly April 8, 2013 at 4:25 am

    What a fascinating insight! As a complete newbie (still learning basics, not traded yet), I agree with Dan (October 17,2012) that Nial’s way of trading is more preferable :)

    Reply
  7. robert card January 27, 2013 at 12:07 am

    wow very interesting. especially the “reuters pager” in leu of a laptop lol. Boy have times have changed!

    Reply
  8. Rahan January 13, 2013 at 5:56 pm

    Have you seen their top technology items… Touch screen to go faster !

    So great because this is TRUE life. Piece of information never seen elsewhere…

    THANKS

    Reply
  9. Cobus December 30, 2012 at 6:53 am

    Just watching this series is an Adrenaline rush! Haha

    Reply
  10. Dan October 17, 2012 at 12:58 am

    that british guy looked like hell. NOT a way i want to spend my time trading! i much prefer nial’s way of trading the dailies in a relaxed manor

    Reply
  11. Asad September 2, 2012 at 4:41 pm

    It was very informative and interesting but I think the tittle is not correct. Trading desk and the style has not changed at much and the traders still speculate, buy and sell the same way. Mode of communication and information gathering have completely transformed though.

    Reply
  12. finjoman August 10, 2012 at 3:22 am

    Cutthroat. Shows the odds are stacked. Risk management is key to survival. What would you say are the lessons to be learnt out of this Niall

    Regards

    Finjoman

    Reply
  13. Zen Trader July 21, 2012 at 6:09 am

    That was a good video!!!!
    I remember one of my trading friends telling me that anyone who thinks of making a living trading currencies after working in a bank that literally trades within million blocks will not survive for long.
    After watching this video I would gladly be a piranah than to go against a shark.

    Reply
  14. paul July 11, 2012 at 2:52 am

    good video, and nice, I used to work in barclays capital

    Reply
  15. jason June 15, 2012 at 9:31 am

    fascinating how 20 million could move the market back in the day…and jumping on the back of a rumour could reap rewards….
    not like that anymore with 4 trillion being traded every day.

    Reply
  16. Michal June 7, 2012 at 6:02 am

    Great videos Nial, the UK and the Asian are the big guys that push the price around. We would rather feel like the US guy, who plays around.
    thanks

    Reply
  17. Jeremy April 12, 2012 at 9:22 pm

    The Asian took 5 pips or so. The Scalper. The UK guy took 30 pips and the US guy is looking longer term. The UK guy say that even though in the daily they could move the market for their profit, it is the longer term that is important.

    Reply
  18. AMIN MALIK April 12, 2012 at 8:19 pm

    Thank you NIAL for the videos. There is a marked difference. We must be grateful to the Developers of latest technology, that the trading has become for easier on charts.Videos are the eye-openers for Retailers to watch the quantum of volumes being traded in the market.

    Reply
  19. HjMahmood February 29, 2012 at 11:57 pm

    Hi Nial,

    The great videos and shows that the price action is king for forex trade and others.

    Reply
  20. mogelix January 22, 2012 at 3:27 pm

    Nothing has changed, this still is the best way of trading, the only difference is that now you have more noise. If you like there is a thread on FF about this called Pit Bull Trading.

    Reply
  21. Danny December 6, 2011 at 3:13 am

    An eye opener, thanks for the video.

    Reply
  22. George November 30, 2011 at 5:32 pm

    Very interesting indeed.

    Reply
  23. Joe Palsson November 29, 2011 at 9:03 am

    Nice video’s. Great if more of this type of “life-style” videos are found. Always pays to look at history. Thanks!

    Reply
  24. Tbird November 29, 2011 at 2:44 am

    Legendary!

    Reply
  25. Keith(from england) November 28, 2011 at 7:08 am

    Hey nice one, no candle sticks or bar charts either! I wonder what those guys are doing now? would be great to do a follow up doc! Makes you realise how important timing the entry is- something I need to greatly improve on…..amongst other things!!

    Reply
  26. Martin November 21, 2011 at 8:10 pm

    Haha look at me mum, no charts!! Such a different world back then, makes for a very interesting video series. Thanks for sharing!

    Reply
  27. KRISTOFA OKENTA October 31, 2011 at 4:35 am

    Thanks my Prof Nial. This looks a great way different with what we are having today.
    Technology has made trading easy and affordable. Time and distance has been as well removed in trading. Most of all anybody can now become a trader with a token. But dear professor, ‘What is your own lesson to us from this videos’?

    Reply
  28. thm trader October 6, 2011 at 8:59 am

    Cool to watch how the old scholl boys do the trading
    Thanks
    Nial

    Reply
  29. hairol September 29, 2011 at 4:00 am

    It can be true that the big player who bet millions dollar on forex is taking a profit from all small trader.
    Thanks
    Niah

    Reply
  30. Peter September 29, 2011 at 12:42 am

    Thank for the video. A history worth viewing.

    Reply
  31. Tavish September 21, 2011 at 9:11 pm

    Wow that was amazing. I can see how much emotion is involved with a lot of these guys from the chain smoking and chewing their thumbs off in anticipation. Also good in the second part to see the two characters on opposite sides of the trade. Would not be able to see this elsewhere so thank you very much Nial.

    Reply
  32. Steve July 23, 2011 at 12:26 am

    Richard Hill with hair! Were things that tough in those days? :)

    Reply
  33. Gerardy June 26, 2011 at 6:09 am

    This is very inspiring to me and made me realize how the big boy play!!!Loved it Nail. Thanks

    Reply
  34. rikus June 25, 2011 at 11:08 pm

    Nial,

    Thanks for showing the past. This is an eye opener.

    Rikus

    Reply
  35. PETER JONES June 25, 2011 at 10:45 pm

    10 hour day- call Hong Kong early successes are always reversed by trader fatigue. Diet may be important due to metabolic influence on high execution success rates. Price Action requires exceptional focus of an extraordinary level. Price follow through must be realized before entry and close before house out. This occurs within 1 minute. Any distraction whatsoever causes the highest losses, because the trader missed the cut-and-reset opportunity. Digesting food and economic news to understand where the price should be fundamentally is not a viable short-term strategy. Price action trading and rolling profits into a long-term strategy account is good if you enjoy break-even trading. Especially, a long-term position with a supporting contraian hedge.

    Reply
  36. Fanie June 22, 2011 at 4:52 am

    This is a eye opener! And yet on a daily basis I received SPAM Mail promoting robots that will make million’s of dollars on a standard trading account! Nial thank you for the information. Regards

    Reply
  37. Jim June 21, 2011 at 8:30 am

    Technicians they are NOT. Not a good example to any of us, at least not ME.

    Jim

    Reply
  38. johnny June 15, 2011 at 2:30 pm

    Dear Nial,

    Is it true that the big player who bet millions dollar on forex is taking a very small profit?

    As it mentioned on the video the hongkong trader bet 120mill but take profit only USD20,000. So for us a small trader betting win 30-50 pips is always ending up as a loser trader.

    Thanks

    Johnny

    Reply
  39. Steve June 14, 2011 at 2:08 pm

    Nial, thanks for the eye opener. It was a very revealing video.

    Thanks again.

    Steve

    Reply
  40. Vickie June 13, 2011 at 6:56 pm

    ….talk about gambling your money! educational none-the-less though, thanks Nial….

    Reply
  41. Lionell June 13, 2011 at 10:12 am

    Thank so this amazing video. This video is defienately an eye opener to how much the big players influence the market. You’re the best at what you do man! Please keep them this coming!

    Reply
  42. Kate June 10, 2011 at 2:29 pm

    Are the big guys still trading like that these days, no chart, no indicator? Very interesting. Thanks.

    Reply
  43. Rudy June 10, 2011 at 1:37 pm

    Thanks Nial for showing us these vids.
    It shows us how lucky we are with charts these days.
    Rudy

    Reply
  44. Lyndon June 9, 2011 at 5:16 pm

    Respect for those who have gone before.

    Note how Richards boss praised him as the best in the world because “he has no ego”. This remains the same even with all the changes. If our ego gets in the way we will loose money.

    Reply
  45. MAREN June 9, 2011 at 5:08 pm

    Another cool materials from NIAL

    Reply
  46. Patrick Humes June 9, 2011 at 10:59 am

    Nial, very insightful videos, you need to post more of the like…thus gives us little guys insight into the real world of trading, i.e. did anyone notice when it was time for the Asian guy to sell, he had to it under the radar, so to speak. Thus, that is why I hear the smart money sells when they really are getting ready to buy big…funny how the market works, but these kinds of vids give us little clues we would not otherwise get elsewhere, if u know what i mean. Again, thanks Nial, please share more of this kind of stuff. It definitely can make a difference. Kudos & take care.

    Patty

    Reply
    • nial June 9, 2011 at 2:56 pm

      Patrick .. good comment.

      Reply
  47. syed June 9, 2011 at 12:52 am

    Thanks to internet the man on the street can trade

    Reply
  48. Pete June 9, 2011 at 12:32 am

    nothing like living on the edge, great insight into days gone by.

    Reply
  49. ramas June 8, 2011 at 11:46 pm

    does anybody notice in 1 part at 8.45 how that trader keeps playng with his pen in his fingers.that was nice…

    Reply
  50. Shiva June 8, 2011 at 10:05 pm

    Very interesting…enjoyed the videos. Thanks for sharing.

    Reply
  51. Stevefx June 8, 2011 at 9:23 pm

    A real eye opener!
    Good leason on keeping ego
    out of it, and waiting for
    the right moment. Great stuff.

    Reply
  52. Igor June 8, 2011 at 5:55 pm

    Is some of those guys still in business today?

    Reply
  53. don from england June 8, 2011 at 2:41 pm

    Great Videos. Thank goodness for progress.

    Reply
  54. Jonah June 8, 2011 at 1:06 pm

    Many thanks Nial, great video it’s really inspirational and interesting.

    Reply
  55. Ramli June 8, 2011 at 12:25 pm

    Cool

    Different time zone.

    Cheers

    Reply
  56. James June 8, 2011 at 12:12 pm

    That is crazy cool . I will watch again

    Reply
  57. Adewole Samuel June 8, 2011 at 11:38 am

    indeed very intetresting

    Reply
  58. Brian Bakker June 8, 2011 at 8:49 am

    Wot no charts… seems you needed to have a mental picture of price structure then!

    Reply
  59. Sam June 8, 2011 at 7:29 am

    enjoyable videos Nial,thank you… Make’s me greatfully for electronic trading, without it i would’nt be an active trader on a part-time basis…

    Reply
  60. acr June 8, 2011 at 6:59 am

    Hi Nial, great selection of movies.
    Cool trading, looks the most pure form of price action, they traded with only price and nothing else, not only no indicators but also no charts. The best: a bunch of others money to play around….
    Thanks.

    Reply
  61. ironn June 8, 2011 at 4:09 am

    That was nice!

    Reply
  62. Nino Beige June 8, 2011 at 3:55 am

    Very cool Nial! Thanks for sharing.

    Reply
  63. David ong June 8, 2011 at 3:47 am

    Thanks Nial for the video, the news trading part made me realize something while watching the video. Thanks so much.

    Reply
  64. Connie June 8, 2011 at 2:36 am

    Facinating! Thanks Nial

    Reply
  65. David June 8, 2011 at 1:47 am

    Just brilliant… absolute GOLD!!!

    Reply
  66. clive June 8, 2011 at 1:03 am

    absaloutly magic, I was twice their age when that was shot, so do you think im to old to be a newbie,noo waay, its all in the mind,have a great day

    Reply
  67. zan June 8, 2011 at 12:55 am

    Great article Thanks for sharing

    Reply
  68. aHMED June 7, 2011 at 11:54 pm

    just goes to show how hard it was for them. and how easy it is for us.

    Reply
  69. bradrtony June 7, 2011 at 11:39 pm

    I have not seen a single chart? Where they just watching “numbers” on the screen? Just following very recent momentum accordingly to fundamentals?

    Reply
  70. MikeC June 7, 2011 at 10:58 pm

    Most interesting to me, wasn’t the shocking hairstyles or ‘old’ computers, it was that I didn’t see a single chart in any video

    Reply
  71. sonisoe June 7, 2011 at 10:54 pm

    i dont think they need a plan because they are the “market”, they make & drive the price… as for us, we’re just tagging along and surely so with a plan…

    Reply
  72. regina June 7, 2011 at 10:37 pm

    This so so cool! Thanx!

    Reply
  73. Ken June 7, 2011 at 10:37 pm

    Quite an interesting video. Thanks Nial

    Reply
  74. Gary June 7, 2011 at 10:16 pm

    You have to LOVE their trading plans, or lack there of…LOL Great Videos Nial

    Reply
  75. graham June 7, 2011 at 10:09 pm

    Ha ha,great music.I like the Hong kong sting.All in b/w too.
    No ma or rsi.
    Happy trading,
    GrahamD

    Reply

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