Comments on: Don’t Focus on Money, Focus on Being a Good Trader

By: gab

gab — Wed, 19 Sep 2012 15:51:24 +0000

very well, i’ll work on it,thanks alot
gabriel,lagos, nigeria

By: amos

amos — Fri, 28 Oct 2011 08:40:32 +0000

Nial I always enjoy and relish your lessons. My love of trading continues. I have to remind myself not to compare myself with someone else because inside we all have different challenges to meet and overcome in order to manifest what we want on the outside.

By: nial

nial — Sun, 10 Apr 2011 09:19:09 +0000

In reply to Phil. I disagree.. we evaluate our trading in terms of 'risk reward'.

By: Phil

Phil — Sat, 09 Apr 2011 22:57:58 +0000

At some point the money does need to be evaluated in your trading. Money is the score on how you are doing.

By: seb

seb — Sun, 03 Apr 2011 16:46:29 +0000

Yes Nial how right you are about this theary, I have been doing just that for the past 3 months and i must say it is quite amazing just how much better i am now at getting consistan winners, i have also been consentrating on profit taking and i must say the results are doing wonders for my comfidence. thanks again, best regards…

By: Marcia

Marcia — Fri, 01 Apr 2011 19:14:22 +0000

Great article i like ur advice and it gives me a better understanding of where my focus should be – on learning to trade, which is what i have been trying to do… i just got into trading and really want to learn it…. thnx

By: Jo

Jo — Thu, 31 Mar 2011 13:22:47 +0000

Great!Great! advice. I have found that thinking about the money results in over-trading which ultimately results in a spent account. It is quite normal however to keep a financial goal in mind BUT the focus should be making consistent pips through mastery of a trading strategy – and as you say that will convert to the money eventually.

Thanks again for helping to keep us on track

By: Ozzy John

Ozzy John — Thu, 31 Mar 2011 00:07:45 +0000

Good One Nial

It makes so much sense now after 2 years at it , you have got to learn the signals first, and then comes the money , it’s like most jobs….you have to learn it, mater it , before you get good at it , nothing this good comes overnight .

By: Kotijett

Kotijett — Wed, 30 Mar 2011 21:25:23 +0000

thanks Nial

By: JOHN

JOHN — Wed, 30 Mar 2011 18:31:11 +0000

Thanks again john

By: Azahar Rais

Azahar Rais — Wed, 30 Mar 2011 11:49:23 +0000

Good one Mr Nial :)

By: adrian

adrian — Wed, 30 Mar 2011 11:33:07 +0000

Thanks Nial. This is what I`m doing now with pin bar

By: Jomarie

Jomarie — Wed, 30 Mar 2011 07:47:32 +0000

Nice one nial!

By: isa4forex

isa4forex — Wed, 30 Mar 2011 07:42:19 +0000

Nail,thanks u r a prof trader.

By: Paul

Paul — Wed, 30 Mar 2011 07:13:32 +0000

Good advice Nial. It really can be tempting as a newbie to want to dive straight into real trading, but you will get burned without the extensive required knowledge and practice. Thanks for putting me back on the straight and narrow and reminding me that my main aim is to become an expert and beat the market overall (using my practice account).

By: aderemi

aderemi — Tue, 29 Mar 2011 10:19:27 +0000

good work Nial the great mentor of our time.keep it up

By: bruce

bruce — Tue, 29 Mar 2011 08:29:37 +0000

When first starting out trading, the only thing to think about was the money. Love the stuff !
After three years of pain, even with NIAL’S guidance.I very slowly started getting my trading in order.
If I trade a winning trade and gain 100 pips i’m over the moon.
I enter trades without emotion. Just reading the chart as it is.
Trying to get the direction right is my only endeavour.

Lost on the GBPUSD toay. It had everything in my entry rules
but in the middle of the night, pivitted, hit my stop- out!!

By: andrew

andrew — Mon, 28 Mar 2011 19:34:00 +0000

thank”s for the really good advice.cheers andrew.

By: James Voo

James Voo — Mon, 28 Mar 2011 13:00:46 +0000

Nial,

U are right!
Cheers!!!

By: William D'Arbe

William D'Arbe — Mon, 28 Mar 2011 07:09:15 +0000

Hi Nial,

Thank you for these words of wisdom.

Top advice and teachings.They are so relevant.

Many thanks

William

By: Frank

Frank — Sun, 27 Mar 2011 15:43:43 +0000

HI Nial. Absolutely truth what u writting here. First effort then skills and money will come as next… Otherwise we will put our money to somebodys pocket…

By: sanjaya

sanjaya — Sun, 27 Mar 2011 04:34:04 +0000

hi nial, really marvolous, your writings truly reflecting the reality, thanks for showing the right path.

By: Jay

Jay — Sun, 27 Mar 2011 00:05:14 +0000

Great stuff Nial. Thanks for helping us to realize the realities that we encounter as emotional traders.

Thanks
Jay

By: Butch

Butch — Sat, 26 Mar 2011 17:11:07 +0000

The truth, and nothing but the truth. Thanks Nial

By: Rikus

Rikus — Sat, 26 Mar 2011 13:16:10 +0000

Hello Nial,

I have found one price action trading system n now trying
to master it before moving to the next one.

Thanks you for your helpful articles.

Rikus

By: Ramli

Ramli — Sat, 26 Mar 2011 12:51:06 +0000

Thanks Nial. Its a long journey trading with full of discipline.

Great advice.

Cheers

By: Erkan

Erkan — Sat, 26 Mar 2011 10:12:50 +0000

Good article and lesson from a practising pro. But personally i prefer to replace good trader for a pinpoint high and lows trader.

By: UCHE

UCHE — Fri, 25 Mar 2011 23:58:04 +0000

Great article as usual,keep it up NIAL am learning fast,thanks for your mentorship

By: Emmanuel

Emmanuel — Fri, 25 Mar 2011 22:47:31 +0000

Tnks Nial,.u hit d nail on d head..it was spot on..am saving up for ur course..please keep d good work..cheers!!

By: Geoff

Geoff — Fri, 25 Mar 2011 19:10:27 +0000

Hi Nial,

You have put the first focus point for a newbie to start mastering the art of trading strategy in which we always failed during our begining trading.

Really a master peice of advise,thanks so much to you..Nail.

Geoff

By: Anni

Anni — Fri, 25 Mar 2011 18:50:43 +0000

Thanks Niall – your advice of investing in yourself now will pay off later and taking the time to master one strategy at a time is sound advice.

By: Prasetyo

Prasetyo — Fri, 25 Mar 2011 16:43:23 +0000

Love the trade, not the money..Big thanks Nial. Pras

By: Parashar

Parashar — Fri, 25 Mar 2011 16:21:09 +0000

Well said Nial. Really true…

By: joshua

joshua — Fri, 25 Mar 2011 15:24:55 +0000

^^^trading nerd. Great article Nial.

By: phillip.t

phillip.t — Fri, 25 Mar 2011 14:29:28 +0000

Great insight. That is exactly how I feel. I will try and change my focus away from making money to being consistent.
Easier said than done!!

By: Tommy

Tommy — Fri, 25 Mar 2011 13:40:16 +0000

Thank you Nial, a very timely and well stated reminder on where my focus needs to rest.

By: Mongo

Mongo — Fri, 25 Mar 2011 13:34:12 +0000

Nial – props for bringing to light the No. 1 trading downfall of trading “noobs”…focusing on the money.

Most excellent trading education you provide.

Cheers mate.

By: Olusola

Olusola — Fri, 25 Mar 2011 12:38:34 +0000

Prof.,Thats is great piece.Thanks for the write up.I am learning fast everyday.Although,it’s a good advise to forget the money first.However,you will agree with me that greater number of people are forex not for anything but the money.Bcs,that seem to be the reason for it’s existence in the first place.I pray I would be able to adhere to the advise.Once again,thank you,
Olusola
Nigeria.

By: TRACY

TRACY — Fri, 25 Mar 2011 12:17:42 +0000

Another platinum hit, Nial…

By: Galen

Galen — Fri, 25 Mar 2011 12:08:58 +0000

Hello Mr. Fuller

Yes I will start focusing on the craft. Good article!

By: Kenny

Kenny — Fri, 25 Mar 2011 11:00:25 +0000

Great stuff Nial. It’s hard to not think about the money but the point of this article hits home! Thanks!

By: Nick

Nick — Fri, 25 Mar 2011 10:49:41 +0000

it’s really a very meaningful messenger & also a meaningful work from u,thks a lot Nial…

By: Eudes

Eudes — Fri, 25 Mar 2011 10:16:22 +0000

Hi Nial. I learned what we must to produce wealth before of to produce money. Your lesson is a exemplo. Thank you. Eudes

By: Erik

Erik — Fri, 25 Mar 2011 09:52:29 +0000

Great stuff there Nial. It takes a long time to the point of reading charts as a book, and to forget the money and just trade because the there is a perfect signal.

By: Ed

Ed — Fri, 25 Mar 2011 09:35:03 +0000

Thanks. Emotional trading is a real stumbling block. These lessons are helping heaps. Thanks again

By: Tomas

Tomas — Fri, 25 Mar 2011 09:19:47 +0000

I believe such articles are no less important, than the trading strategy itself; Thank You for Your kind efforts to help building characters, Nial.

By: Alex

Alex — Fri, 25 Mar 2011 08:53:28 +0000

Spot on. I’ve been on this journey 3 years now. Finally I have given up the money idea, just trading for the skill itself. I’ve stopped chasing and gradually it is coming together. Thanks Nial.

By: Alex G

Alex G — Fri, 25 Mar 2011 08:46:00 +0000

Excellent article Nial, that really hit home.That was exactly what I needed to hear. Thanks,

By: David

David — Fri, 25 Mar 2011 08:40:40 +0000

I have found that thinking about making money has meant I take bigger risks than I should. I start gambling, dreaming about how my bank will rise and rise. All I have ended up doing is seeing it fall. Trading is a marathon not a sprint. Consistently making money, however little, means you are moving forwards. Base your trading on good technique like Nial’s PA and with discipline you can move forwards.

By: T Allen

T Allen — Fri, 25 Mar 2011 07:48:27 +0000

Thanks Nial – great lesson and a great reminder at a great time in my trading journey.