Comments on: Don’t Fall in Love with Your Forex Trades

By: Godwin

Godwin — Mon, 07 Mar 2011 12:01:55 +0000

Hi Nial.

This is what i call a brief explanation on trade Timing.Welcome to Serengeti National of Tanzania.

By: nyoman bali

nyoman bali — Sat, 22 Jan 2011 07:04:43 +0000

you know what..i scare to watch TV when they air about flood in queensland as I will join the course and I think about you Nial..the guru that will help me…Thanks God everything ok with you..say my greeting from Bali to all your family..I’ll have you Bintang when you in bali someday…cheer!

By: rikus

rikus — Sun, 16 Jan 2011 12:30:36 +0000

God bless you are not in the devastated area. Excellent and helpful articles. Thank you very much. Reading your articles change my attitude to profitable and consistently in trading.

By: E.J. Stevens

E.J. Stevens — Thu, 13 Jan 2011 04:29:37 +0000

Thank you for the amazing article. This just happened to me yesterday and I really needed this “slap in the face.” I’m confident that I take profit well, but I hold on to my damn losses way too long and kick myself every time. I searched the internet high and low for months on end, then I came across your page. Your depth of knowledge and approach is bar-none the most useful tool I’ve encountered. Thank you and I will be furthering my learning with your course in the near future.

By: Maria

Maria — Thu, 13 Jan 2011 03:03:50 +0000

I agree with Dave. The same thing happened to me thrice. And now, I look at the charts and go with what I believe it is telling me. Even if ALL the gurus are saying otherwise. So far, am making a small profit. My problem is that I tend to exit too early – out of fear the trade will turn!

By: Craig

Craig — Wed, 12 Jan 2011 19:07:06 +0000

Nial,
This is very good advice. But still confusing is determining when a trade that goes along with a long term trend is just correcting or when the trend is ending. And that is not “falling in love with a trade”, as much as just chart experience.

By: Wolfram

Wolfram — Sun, 09 Jan 2011 14:27:34 +0000

Hi Nial,

Thanks again for a nice article. After I,ve reaced my Take Profit target, I often trail my stoploss from that point to squeeze the rest of profit out of the rally. You are right. Most of trading is a matter of disipline and trade management.

By: Azeem

Azeem — Sun, 09 Jan 2011 05:31:35 +0000

Hi Nail,
Nice to know about your safety. Thanks for the great articles. Glad to have you have as as my mentor, using your strategies i am doing good in demo account, will go live trading with small amount.

By: ARIYO OLAOYE

ARIYO OLAOYE — Sat, 08 Jan 2011 02:50:35 +0000

Thanks Nial,indeed, you are God sent.It is awesome to have you as my mentor.one day am going to invite you to my country,NiGERIA .God bess you

By: Yo Sap

Yo Sap — Fri, 07 Jan 2011 22:28:37 +0000

Only 10% of the people made it in this business. I’m not in that 10%, but I’m getting better each day. I have to read Nial’s articles everyday to keep myself focus.

By: inalex

inalex — Fri, 07 Jan 2011 21:21:47 +0000

Oh!yeah am in love with my wining trade at all time,fore as long as my price action setup show me another opportunity is there for profit taking. THe mark of a good trade is to be in love with the right trade.cheer

By: samuel

samuel — Fri, 07 Jan 2011 20:53:15 +0000

we have to be dispasionate about our trades just like the market is emotionless.Thanks Nial as you continue to make traders happier.

By: Marie

Marie — Fri, 07 Jan 2011 20:22:22 +0000

Hi Nial,

You must be inside my head. You seem to come up with information at the right time for me. I do get attached to my trades and watch them like a hawk. I know we put on a trade with limit and stop – there is nothing we can do to move the market by staring at our screens. This year it is my resolution not to be so emotionally attached to trades but to treat my trading as a business.

Thank you for all your articles – I really take on board what you have to say.

Marie

By: Geoffrey

Geoffrey — Fri, 07 Jan 2011 19:53:30 +0000

Nial
I have made all those mistakes. Reading your article brings back good and bad trades. Lately I have improved by backtesting on a bar by bar. I have entered a trade then everything changes with a new setup and this often is successful.
Namaste

By: Bill Hamilton

Bill Hamilton — Fri, 07 Jan 2011 18:58:14 +0000

Thanks Nial,
Does your trading course have a section devoted to trading psychology as well as trading strategies or methodologies?
Again, thanks for the article.
Bill

By: Marv Hacker

Marv Hacker — Fri, 07 Jan 2011 16:32:40 +0000

Nial,

I see nothing humorous in Sacharias’ commentary. My condolences to the suffering families.

I have not enrolled in your course because my “trading funds” are depleated ($50k so far). You have helped me considerably, with your generosity in posting these very helpful training article and video opportunities. Perhaps my two-year Forex adventure will result in success after all?

Best regards,

:) Marv

By: Butch

Butch — Fri, 07 Jan 2011 16:21:38 +0000

Hey Nial:

Also glad you were not affected by the devastating floods in your area. I too feel for the families that have lost so much.

I have spent the last week doing just this. Practicing execution of my trades. Having a pre-defined entrance and exit strategy based on my edge variables allows me to know exactly how much I’m willing to lose and how much I would like to make on each trade. The key is knowing when to exit when either is occuring.Stop losses and profit targets are the extreme ends of my trades. They set the boundaries. But I have to manage the trade inside those boundaries consistently to be successful. Thanks again. Happy New Year

By: john

john — Fri, 07 Jan 2011 15:42:42 +0000

Right on! This has been my greatest challenge since I changed my focus and awareness from outside to inside.Uncovering and looking at how I feel and what is influencing my perception. Uncovering what my beliefs are about myself that distort my perception. Its how I feel and what I believe, that I see, that I do. Either reactionary and emotionally or from a calmer more peaceful aware state of mind. I am making the choice to center myself before pulling the trigger in trading as well as the rest of my life.

Thanks Nial for all your support

John

By: Charlie

Charlie — Fri, 07 Jan 2011 14:59:45 +0000

Niall,

I don’t usually post on forums or websites bit I just wanted to briefly say I love your posts. They are really helping my trading.

Kind regards

By: mike

mike — Fri, 07 Jan 2011 14:45:34 +0000

hello!!
you are really great, I have been kept losing on forex market for many years. but I love this this market.
even I quit my job, though things got worse day by day.
It had better to meet you earlierly. you teached me much.

By: Mark

Mark — Fri, 07 Jan 2011 11:41:25 +0000

Hi Nial,Jody
Thankyou for your helpful articles, I have become consistently profitable in small way, in recent months, getting my head around trading psychology , slowly but surely, we all want to be disciplined traders,to be “ruthlessly efficient” I think will take me some time yet! As this market will mess with your head if you let it. Thanks and keek up the good work– Mark

By: seb

seb — Fri, 07 Jan 2011 11:29:19 +0000

Hi Nial, First thing i just like to send out a big nice one to ‘Zacharias’ who has posted the first comment on this article, I must say its made my day.. that was a very funny comment… But i do hope that things get back to normality soon over there because i do know how bad that situation is as we here in spain have that problem every winter with some rivers in some Regions.
Any way, Yes nice one! good article and very important points, I must say that yes! set and forget is a great way to set your trades, but yes it is very important to monitor those trades and act accordantly and quickly as they develop or don’t develop and specially as they reach resistance & support levels! for me how price reacts near these levels is the key to staying in or getting out, when it starts to smell of resistance i don’t hang around to find out. their is a saying! better 1 bird in the hand than 2 in the bush….

By: Janko

Janko — Fri, 07 Jan 2011 10:52:16 +0000

Hello dear Nial!

Your valuable,informative and educational articles,which i’ve been reading for several months by now,are exelent.I appreciate them and your work very much.Big thanks for that.

All the best in the New Year wish you

Jan.

By: mark

mark — Fri, 07 Jan 2011 09:39:36 +0000

Excellent article, fits me to a tee!! I have to change..or suffer the way of many “traders” and be out forever. Thanks for reminding me of the obvious! Also, prayers for the people who are struggling at this time.

By: Ray Frith

Ray Frith — Fri, 07 Jan 2011 09:33:56 +0000

I just love your articles! They keep me focused and positive.

Thanks

Ray

By: Steve Patt

Steve Patt — Fri, 07 Jan 2011 09:26:41 +0000

Hi Nial,

I have been having prblems with exiting losing trades, not being able to exit without at least being in profit is a sure way to depriciate your trading account.
Your article is going to help me with this.

Regards

Steve

By: chirag

chirag — Fri, 07 Jan 2011 09:03:39 +0000

I really agreed with your views .Same thing happening with me. very helpful .Thanks

By: Dave

Dave — Fri, 07 Jan 2011 08:41:29 +0000

Great article. I just went through this, this week with a AUD/USD short trade that went against me. My problem was I listened to “technical experts” who said the market was going to 1.03 or as high as 1.05. My gut and reason told me that the trade would come back in my favor and at least let me out at break even. Operating on fear that I was going to lose more I took a loss of 290 pips. Had I trusted my gut I would have got out just 2 days later with a small profit. I’m a newbie and have the problem of trusting the word of online experts instead of trusting my own analysis and gut feeling. More times than not my gut was right. The big problem I have now is letting it go and moving on. Each day that the AUD/USD goes lower I get more angry at myself.

By: mgp

mgp — Fri, 07 Jan 2011 08:37:02 +0000

Hi Nial,

It is really a brilliant article… i understand the importance of patience after this article.

Thank u

By: Mike Hibbett

Mike Hibbett — Fri, 07 Jan 2011 07:59:20 +0000

An interesting article. I used to enter a trade, 15 minutes later think I have made a mistake and close. Small loss. Later in the day the trade would have worked out as I originally thought. Now I only enter on a limit price, with sop loss and profit take. If triggered I try to let it run.I will let the trade hit its stop loss, but still not have the confience to let it run to profit target.The reason I close is its made a profit,not that it hits support.I do take onboard what you say. Many thanks Mike.

By: Rudolf

Rudolf — Fri, 07 Jan 2011 07:53:55 +0000

Hi Nial, Happy New Year and many successful trades. I AM in love with my trades, I actually would call myself addicted. But I hate losses (no, I don’t welcome them as some mentors suggest) so I get rid of them, strictly. So, cut the next loss (small) and go for the next winner (big). That’s the name of the game.
I hope that you guys recover soon. I just realize how huge Australia actually is when I heard that the flooded area is the size of Germany and France together.

By: AndreasF

AndreasF — Fri, 07 Jan 2011 07:22:36 +0000

Perfect written as always -and so true.
Thanks!

By: nial

nial — Fri, 07 Jan 2011 07:21:06 +0000

In reply to Zacharias. My thoughts are with the Families who have been in trouble these past few weeks, it's really sad what has happened. I am completely fine, and well thanks for your comment.

By: Zacharias

Zacharias — Fri, 07 Jan 2011 07:17:24 +0000

Hi Nial,

nice to know that you are still okay and posting articles after what happened in your town!! It would be devastating for the Forex community if you die!!

Great article as always!! :-)