Comments on: The Psychology of Becoming a Profitable Forex Trader

By: Edward

Edward — Thu, 28 Jan 2021 13:52:52 +0000

The biggest eye opener here is in stage 1. The fact that most traders are ‘UN-AWARE’ and don’t UNDERSTAND how trading psychology affects their long-term results.

I really don’t think its ignorance as such, if one is true to themselves, its simply lack of awareness.

I have spent many years perfecting the art of technical analysis, not being consciously aware of how
the third M affects trading.

Cheers Mate.

By: Jon

Jon — Wed, 23 Sep 2020 03:07:58 +0000

In reply to Andrzej. Success is spiritual.

By: Andrzej

Andrzej — Thu, 18 Oct 2018 09:05:38 +0000

All this is very similar to spiritual progress. It is even said that the market is God because he can do what he wants.

The foundations of spiritual science are permanent, unchangeable over time. Always given for free. They are not easy to use, because everything around goes the other way.

I noticed two differences.

1. The basics, simplicity, foundations, principles, discipline, self-control are the most important on this blog. And all this is given for free and with striking accuracy.

2. Getting to know the market and working with it in harmony. This is the goal, the rest is by the way.

This is a rare and taught goal. It can not be said that it is not indicated, but in practice the goal that is shown to us is the so-called lifestyle of a trader. To live in Tenerife and swing on a white yacht. Have a very special car etc.

And at the same time, most of the trainings are more and more refined. More and more recent versions of the courses that you still need to invest in.

By: Rahmat

Rahmat — Wed, 10 May 2017 14:27:46 +0000

Great article ! a must read teaching for serious traders.

Trader in stage #4 looks like like a tai-chi master who can feel the market emotion from the chart patterns and finally uniting his soul and mind in it. However, we shall open the awareness door in stage #2 first before going mastering.

By: Leon

Leon — Mon, 06 May 2013 08:22:37 +0000

Thank you so much coach.

By: fx::tamer

fx::tamer — Sun, 27 Feb 2011 16:36:48 +0000

thanx Nial;

great discourses as usual. much appreciated.

By: Galen

Galen — Wed, 23 Feb 2011 14:11:06 +0000

Hello Mr. Fuller

Well I am completely in stage two. I personally think this article is one of your best, it touches many aspects of one mental and emotional states. I particularly like your thought that there is a “space” between external and reaction to it. Really a good article. My previous comment had me in stage one and two but mostly in stage one and that was August of 2010.

By: Jeff

Jeff — Sat, 06 Nov 2010 08:35:33 +0000

Hi Nial, I am just a few weeks into learning about forex trading and thankfully have come acroos your site.This was an excellent article and when I do your course in the near future I am sure many more gems will leap out at me. Many thanks.

By: Tommy

Tommy — Fri, 20 Aug 2010 23:09:17 +0000

Excellent writing Nial, very insightful! Thank you.

By: HunScalper

HunScalper — Fri, 20 Aug 2010 05:02:29 +0000

“How often have you sat and watched it go up and up and up until it becomes too unbearable to resist and you buy, only to find that the last traders have hit ‘buy at market’ already?”

That was me just yesterday. :)

Great stuff. Thank you.

By: Jason Tay

Jason Tay — Mon, 16 Aug 2010 12:47:44 +0000

Hi Nial,
I simply like to read your article!
Thank you very much.

By: Te

Te — Mon, 16 Aug 2010 08:27:05 +0000

Discipline equals freedom. You can apply it to almost anything. I’ve been learning to trade consistantly since Dec09 and enjoying the process. Thanks for your thoughts and words it couldn’t have come at a better time.

By: Butch

Butch — Mon, 16 Aug 2010 01:29:18 +0000

The information in this article is priceless. The Market is an environment that doesn’t know about or care about our emotions. It dishes out rewards and losses based on one factor: a rational determination to follow our rules. This article spoke right to me. Thanks Nial

By: seb

seb — Sun, 15 Aug 2010 21:04:40 +0000

Nice one Nial! great stuff.. this mind buisness, so important, you definatly need to keep bombarding us with this subject… I do feel that it’s one of the key factors for success in this buisness…

By: Iain

Iain — Sun, 15 Aug 2010 01:49:57 +0000

Brilliant piece of writing, Niall,sums it all up perfectly.
In the words of ACDC, its a long way to the top.

By: bridgespotter

bridgespotter — Sun, 15 Aug 2010 01:46:35 +0000

Great article, for those of us whose non-trading life is dominated by logic, this sentence of yours says it all.
“There is a realization of how the market’s logic is not the same as the conventional Aristotle kind of logic, which was incorporated in the late 19th century into modern formal logic.”
Thanks
bridge

By: Sanjay

Sanjay — Sat, 14 Aug 2010 11:26:06 +0000

That was a great article. I’ve printed it out for regular reference. Many Thanks.

By: Alex

Alex — Sat, 14 Aug 2010 06:39:18 +0000

Nial you continue to elevate yourself and your insights above the Forex teaching herd [imho]. Exemplary analogies clarify your message and remain with this pupil long after a first reading. Sincere thanks again.

By: Kyaw Htay

Kyaw Htay — Sat, 14 Aug 2010 06:29:26 +0000

Your writings have helped me win.

By: Mick

Mick — Sat, 14 Aug 2010 03:51:33 +0000

Thought provoking article, have just opened a demo account and already feel invincible…Newbie over confidence. Will now try to “pull my head in”…cheers.

By: Enrique

Enrique — Sat, 14 Aug 2010 02:31:38 +0000

Hi Neil:
I’m not yet a member of your community, but I must say that this is finest peace of writing I have come across in my 19 months of forex studies. You just describe accurately my actual trajectory.
I see my self just at the very beginning of stage 3, and I did not even realize it, until now, more over, you just turned on the light on me and now I can see were I need to get to, what path I need to follow and what to expect in that journey.
This is really cool.

By: Ironn

Ironn — Sat, 14 Aug 2010 01:13:13 +0000

Thank you nial that was great article!

By: Cyriacus

Cyriacus — Sat, 14 Aug 2010 01:06:48 +0000

Good Article! This is courageous, thanks Nail, I am gradually doing well in trading by your guideline. Within a short time in God grace, I will join your members.

By: Galen Tarrence

Galen Tarrence — Sat, 14 Aug 2010 00:10:06 +0000

There is a stage 2,3, and 4? Thanks Mr. Fuller for re-affirming that psychology does and will always play a role.
I have just set foot into stage 2; one foot anyway the other is still in stage one, boy is it ever.

By: Karen Sharp

Karen Sharp — Fri, 13 Aug 2010 22:21:16 +0000

You are spot on. At present I am one of the herd I wait and wait and become impatient jump in obviously with the rest of the herd and lo and behold…… you know the rest. Great read Thanks keep them coming. Stage 3 here I come.

By: trevor

trevor — Fri, 13 Aug 2010 21:34:29 +0000

it has taken me a long time to accept the steps to trading psychology at first i thought a good system would solve all.
very insightfull article thank you heres to moving to through them
cheers trevor

By: Khurrum

Khurrum — Fri, 13 Aug 2010 21:30:26 +0000

Excellent article Nial, you touched the hidden and most important aspect of trading which usually goes undetected even by most experienced traders and yet is a critical factor in consistent success. Thanks!

By: Rafal

Rafal — Fri, 13 Aug 2010 21:03:43 +0000

It sounds like my own example – first I was making good money when I started trading a system, then I stopped following the system rules and therefore fallen into losses. Now I am awaken and I am back where I am following my system but as cautious as never before… Now 5 pips is a good profit for me…
Anyway great lesson, thank you!

By: Lotana

Lotana — Fri, 13 Aug 2010 20:48:35 +0000

Thanks Nial.

By: Alpha

Alpha — Fri, 13 Aug 2010 20:37:33 +0000

Fantastic article! Great insight into the minds of all traders. This definitely proves that we are all emotional being and we all act differently, whether on impulse or otherwise. It all comes to to what you stated “self disciple.” Nothing more, nothing less.

Thank you Nial for the great video. Simplicity in the purest form is the way to trade; no lagging indicators, no back testing, just forward action dictated by pin bars! Please continue with the great video and great articles. God-Bless Nial!

By: Zacharias

Zacharias — Fri, 13 Aug 2010 19:48:48 +0000

The more I learn the more I realise how little I know.

“The only true wisdom is in knowing you know nothing.”

Socrates (469 – 399 BC)

By: sergey

sergey — Fri, 13 Aug 2010 18:59:52 +0000

yes,,, it is, we must learn this,,, thanks for the help

By: Bee

Bee — Fri, 13 Aug 2010 17:12:49 +0000

Awesome article, definetly sums up not only feelings I have been dealing with for a long time but for sure other traders as well. Great insight! PS Pretty sure I am on stage 2…need to get to stage 3!

By: Robby

Robby — Fri, 13 Aug 2010 16:37:57 +0000

Good article Nial. We all experience the pain in trading when we lose but as long as we have a good methodology we know that works we can overcome it.Even with 3 or 4 losers in a row you can still be profitable in the long run.