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Nial Fuller

Professional Trader, Author & Trading Coach

Spend Less Time Trading & More Time Living

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By in Forex Trading Articles by Nial Fuller Last updated on | 27 Comments

living-lifestyle-beachAnyone who spends more than a few weeks trading the market, knows that it can be very addictive. Whether you’re a loser or a winner, the great Wall St. ‘casino’ will lure you in, and keep you in.

For those of us who trade Forex, it’s even worse because the market runs 24/7, much like a casino with no clocks on the walls and no windows, it just keeps going and going, providing a never-ending stream of temptation.

Even the most intelligent people are susceptible to the markets great lure; the constant flashing of prices, the constant short-term moves on five minute charts and the constant rush of adrenalin that trading provides can be nearly impossible to ignore.

The key to conquering the addiction of trading, is to avoid placing a trade when there’s no reason to do so, and also to avoid fiddling with the trades you do take. Both entering a trade that deviates from your trading strategy, and watching an open trade just because you’re in it, is FINANCIAL SUICIDE. You know you do both of these things all the time, so if you care about yourself, your future and anybody else close to you, then LISTEN UP COWBOY.

I won’t fill this lesson with points about trading addiction and gambling, instead I will provide ways to avoid becoming addicted and to help you break a trading addiction / obsession that is likely destroying your trading account right now…


Sounds harsh I know, but if you’ve read any of my other trading articles, you know I’m a straight shooter and I don’t sugar-coat anything. For the sake of your well-being, your family’s well-being and your finances, you need to simply GET A LIFE.

What I mean by that is, STOP getting your ‘kicks’ from staring at the flashing price quotes on your trading platform all day and night. Not only is this simply a waste of time, it’s also causing you to trade improperly, develop poor trading habits, and lose money.

Accept that you have no control over the market, and let it do its thing. You only have control over yourself as you trade, and the best way you can help your chances of trading success is by removing yourself from your trading platform most of the time.

You need to develop a trading routine and not deviate from it. Check the markets each day a couple times, especially at the end of the trading day, run through your trading plan / checklist and if no trade is clearly present, then walk away until your next scheduled market analysis time. Don’t sit there for hours trying to ‘force’ a trade setup out of the market! This is insanity, addiction, and it’s how you WILL blow out your trading account!

You need to have hobbies and interests outside of trading, have an active social life. These things will help you as a trader because they will divert your attention away from the charts and the markets, which is only going to lessen your chances of becoming a trading addict and blowing out your trading account. Remember, you don’t need to trade high frequency to make a lot of money in the market.

Do SOMETHING. Anything.

If you’re lazy, bored or whatever, just do something, ANYTHING, heck, you can even invent something to do. Watch 5 movies in a row, go and play lawn bowls, play golf for the first time, kick a soccer ball with the kid, go shopping for 2 hours, and buy a $1 item.

Your goal should be to distract yourself from the markets, for this is really the best ‘trade management’ technique. Start viewing time away from your trading screens as a very valuable part of your overall trading routine and trading plan. It doesn’t matter what you do, just devise a way to keep yourself away from your trading platform so that you don’t over-trade or screw up good trades you may have entered from being too involved.

Don’t fiddle with your trades, especially in public

STOP fiddling with your trades, especially when you’re away from your computer. Don’t look at them when you’re at work or out doing something in public. Don’t get the mobile trading addiction where you wake up at night to look at your trades on your phone or get stuck checking them no matter what you’re doing or want time of day it is. Get real and take a look at yourself and what you’re doing, it obviously isn’t helping you make money!

To the average outside spectator, someone checking their phone all the time, whether they’re out at a restaurant, at work or laying at home in bed, would see like a full-fledged gambling addict. Just because you’re trading the markets doesn’t mean you don’t have a gambling addiction, it’s basically exactly the same as a gambling addiction if you’re fiddling with your trades all the time. So, if you want to make money, you need to stop.

The same goes for fiddling with your trades once they are live; don’t do it! Find other things to do, other ways to get your entertainment. Again, it’s OK to check on your trades once or twice a day, but sitting there for hours staring at them is only going to cause you to make a stupid trading mistake that will result in lost money and lost time.

‘Trade-aholic’ is a real condition

Have you seen those idiots who play poker machines all day? If you trade in and out of the market frequently, you may as well join them because you’re basically doing the same thing. Don’t become one, don’t put yourself above gamblers just because you’re trading with the WALL st top dogs now, don’t kid yourself.

Don’t just sit around reading articles and saying ‘hey that’s me’ … you need to actually take action here.
Don’t delay another day, get the ship back on track and don’t look back, make the change, be one of the smart ones, don’t be a statistic, don’t be sucker, you owe it to yourself!

The first thing you need to do if you recognize any of the above behaviour is to simply TAKE A BREAK and write down a list of everything you’re going to change…write a diary to yourself daily.

Nothing in my courses, and nothing I teach you about trading strategies will save you here, this is all on you, you’re in control and this is the one battle you can win 100%, you know the hand before its played, you know the outcome, so if you can see the future, why not do something with that knowledge? Act now, and avoid being one of the statistics.

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. Fanani September 17, 2019 at 12:12 pm

    Thank a lot Nial.

  2. Dmitriy September 16, 2019 at 1:57 pm

    Thanks a lot, Nial!
    That was a truly beautiful lesson!

  3. Sunday September 14, 2019 at 9:53 pm

    what to know more about risk management
    if I want to risk 1$ on a pair what will be my lot size and pip value to set as a Stop loss

  4. Zinnur June 2, 2019 at 4:34 am

    Important lesson. Thanks

  5. Благодарность October 30, 2018 at 3:47 am

    Magnificent article

  6. Rahmat February 26, 2018 at 7:36 pm

    Almost every articles content and language from Nial are really giving positive effects including this one.
    So thank you Nial.

  7. Olawa February 18, 2018 at 1:01 am

    Nial is my preferred Forex mentor anyday

  8. DERRICK February 16, 2018 at 12:54 am

    all i can say is thank you so much

  9. Tha Mathabzo Zulu February 15, 2018 at 8:15 pm

    Thank Nial

  10. Duncan February 15, 2018 at 6:29 pm

    Thanks Nial;

    This was a great post which actually helped me rephrase my thoughts after my losses.

    I am still not very profitable at this stage but every time I lose, I look back to see what I could have done better and learn to minimize my losses maybe exit at a small profit rather than a loss!!

    However; after having read this, I also now appreciate the fact that losses are a part of it as well and I feel less discouraged before taking the next trade than before. Things sometimes are easier said than done – true – but after reading these guidelines, I learn a lot and appreciate it heaps. I am learning a lot and the best part of it is that I am enjoying it.

    Thanks for spending the time to post such valuable guidance!


  11. Peter Miller February 15, 2018 at 2:46 pm

    Another good lesson. As they say ” life is what you make it “and that goes for trading also, think before you act and know that never one day (or life is ) is the same as the last one, so treat as Nial says each trade as a new beginning. Thanks .

  12. rudra February 15, 2018 at 6:24 am

    good one sir

  13. Khesiwe February 15, 2018 at 2:14 am

    Excellent article pactice makes perfect I’m going to practice every advice in this article thanks Nial

  14. Winston Roy Longbottom February 15, 2018 at 12:01 am

    Thanks Nial, I for one admit that I was influenced by previous success and could not see the next trade through that; I was brought back to reality with some quick losses, however I puuled my thoughts together and looked at my next trade with confidence and considered every possible angle before taking it and I am now back on track. This article has since reassured me of that fact and I must disregard any previous trade before attempting the next. Your articles help keep sanity in the trading game and also leads to further success. Many Thanks. Winston

  15. farzad February 14, 2018 at 8:50 pm

    Every word in this article is like gold…

    Thanks AGAIN Nial.

  16. Olamide February 14, 2018 at 2:03 am

    Thanks Nial. That’s reminds me of a trade some years ago before I quit trading. I bought EUR/USD on $0.05 lots with $20 risk and i made a profit of $183 on that trade so that winning recency bias got into my head and I felt overconfident, then i went ahead to trade $0.10 lots on my next two trades and I lost both. That’s how I gave back the profit I made from that EUR/USD to the market. Fear start to catch me then I reduce my lots to $0.01 which definitely reduced my profit that I would have make on some trade. Though I just came back to the market since two or three years ago that I quit but am still using demo account to test my trading strategies before trying to come back live. Thanks once more.

  17. Wandera Moses February 13, 2018 at 8:50 pm

    Nial thx for this one also. i have improved alot in trading just by reading your articles. thx alot

  18. ampurirag February 13, 2018 at 6:09 pm

    Excellent and timely. Thanks Nial.

  19. Seiso February 13, 2018 at 1:44 pm

    Typical of Nial’s mail’s. I am not in anyway surprised to find this post hitting the nail on the head as it does and so timely as well. I always find Nial’s post as informing, factual and educating like this one. Thanks to Nial, from now I am no longer going to be enslaved to my last trade’s results.

  20. Colin February 13, 2018 at 10:31 am

    Thanks for the trading insight. Particularly about training our brains to behave properly.

  21. Hettie van der Vyver February 13, 2018 at 5:12 am

    this makes sense!!

  22. Thoko February 13, 2018 at 5:09 am

    Well I am a true novice,I have not started trading yet. If I understand well briefly you say if one is a trader one must bury the past.That is my motto
    So I feel l Iam going to do well.

  23. Wasantha February 13, 2018 at 4:45 am

    This article explains what happened when I first started trading forex. After reading many of Nial,s writings on the subject of trading I feel that I am expanded in my knowledge and confident about my trading decisions.I really appreciate Nial,s works,

  24. kris February 13, 2018 at 2:59 am

    i noticed today after one loosing trade that it can’t reflect, the other running trades .
    After that i checked my emails and i saw your email as first .I have read it and then it was like you would heard what i sayd before It was simmilar to :

    If you just lost, it has no bearing on the fact that your next trade might be a winner.
    If you just won, it has no bearing on the fact that your next trade might be a loser.

    thank you for your work .
    traders mindset ..

    have a nice day.


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