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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 15,000+ students since 2008.
Checkout Nial’s Professional Forex Course here.

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74 Comments

  1. Victor says:

    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…

  2. brian says:

    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.

  3. DEV says:

    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….

  4. hilly says:

    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 :)

  5. robert card says:

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

  6. Rahan says:

    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

  7. Cobus says:

    Just watching this series is an Adrenaline rush! Haha

  8. Dan says:

    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

  9. Asad says:

    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.

  10. finjoman says:

    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

  11. Zen Trader says:

    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.

  12. paul says:

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

  13. jason says:

    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.

  14. Michal says:

    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

  15. Jeremy says:

    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.

  16. AMIN MALIK says:

    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.

  17. HjMahmood says:

    Hi Nial,

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

  18. mogelix says:

    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.

  19. Danny says:

    An eye opener, thanks for the video.

  20. George says:

    Very interesting indeed.

  21. Joe Palsson says:

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

  22. Tbird says:

    Legendary!

  23. Keith(from england) says:

    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!!

  24. Martin says:

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

  25. KRISTOFA OKENTA says:

    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’?

  26. thm trader says:

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

  27. hairol says:

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

  28. Peter says:

    Thank for the video. A history worth viewing.

  29. Tavish says:

    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.

  30. Steve says:

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

  31. Gerardy says:

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

  32. rikus says:

    Nial,

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

    Rikus

  33. PETER JONES says:

    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.

  34. Fanie says:

    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

  35. Jim says:

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

    Jim

  36. johnny says:

    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

  37. Steve says:

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

    Thanks again.

    Steve

  38. Vickie says:

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

  39. Lionell says:

    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!

  40. Kate says:

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

  41. Rudy says:

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

  42. Lyndon says:

    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.

  43. MAREN says:

    Another cool materials from NIAL

  44. Patrick Humes says:

    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

    1. nial says:

      Patrick .. good comment.

  45. syed says:

    Thanks to internet the man on the street can trade

  46. Pete says:

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

  47. ramas says:

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

  48. Shiva says:

    Very interesting…enjoyed the videos. Thanks for sharing.

  49. Stevefx says:

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

  50. Igor says:

    Is some of those guys still in business today?

  51. don from england says:

    Great Videos. Thank goodness for progress.

  52. Jonah says:

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

  53. Ramli says:

    Cool

    Different time zone.

    Cheers

  54. James says:

    That is crazy cool . I will watch again

  55. Adewole Samuel says:

    indeed very intetresting

  56. Brian Bakker says:

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

  57. Sam says:

    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…

  58. acr says:

    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.

  59. ironn says:

    That was nice!

  60. Nino Beige says:

    Very cool Nial! Thanks for sharing.

  61. David ong says:

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

  62. Connie says:

    Facinating! Thanks Nial

  63. David says:

    Just brilliant… absolute GOLD!!!

  64. clive says:

    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

  65. zan says:

    Great article Thanks for sharing

  66. aHMED says:

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

  67. bradrtony says:

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

  68. MikeC says:

    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

  69. sonisoe says:

    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…

  70. regina says:

    This so so cool! Thanx!

  71. Ken says:

    Quite an interesting video. Thanks Nial

  72. Gary says:

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

  73. graham says:

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

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