Nial Fuller

NIAL FULLER Nial Fuller
Professional Trader, Author & Coach

Why College Dropouts Succeed At Trading

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By in Forex Trading Tutorials November 16th, 2012 | 111 Comments

thinkoutsideWhat do Steve Jobs, Henry Ford and Mark Zuckerberg all have in common?

The same thing that Oprah Winfrey, Clint Eastwood, James Cameron, George Clooney, Tom Hanks, Julia Roberts and Steven Spielberg all have in common…all of these famous and successful people were either college dropouts or never attended college at all. The list goes on and on: Abraham Lincoln, Ben Franklin, Frank Lloyd Wright, and a lot more.

Since the days of Henry Ford and Thomas Edison, many business leaders got their starts without the benefit of degrees, including Steve Jobs and Steve Wozniak of Apple, Larry Ellison of Oracle, Bill Gates and Paul Allen of Microsoft, Mark Zuckerberg and Dustin Moskovitz of Facebook, Michael Dell of Dell Computers, Brian Dunn of Best Buy, Anna Wintour of Vogue, Barry Diller of IAC, John Mackey of Whole Foods, David Geffen, Ralph Lauren, Ted Turner, Richard Branson and more.

So what does this have to do with trading you might wonder? A lot. Many successful traders, investors and entrepreneurs that I know, including myself, never finished or went to college. The common thread amongst myself and other college dropouts who have achieved success relatively early in life is that being a self-driven person with unrelenting passion and motivation will lead you to success no matter what field you choose.

The “red pill” or the “blue pill”?

Successful college dropouts are people who think outside of the box, risk takers, but also people who have unrelenting drive and determination. Many people don’t have these qualities. Most people just go with status quo, almost sheepishly doing what everyone else in society does just because it’s the “normal” thing to do; these are the people who struggle at trading because they are just part of the mass of people who are afraid to change how they think. Most people are afraid to take the “red pill”…if I may use a metaphor from The Matrix, and most people fail at trading…there’s a connection there. If you look at the profile of any of the successful college dropout that we discussed above, they were not afraid to take the “red pill” and had no interest in the “blue pill”.

I have always been a “red pill” kind of guy. Wanting more out of life than just the “norm”, and not wanting to follow the rest of the herd into college, I got really interested in trading when I was about 17 years old and still in high school. I actually started my first business even earlier, it was a car detailing business that I ran around my neighborhood…whilst my peers were out playing sports and going to parties, I was running my little car detailing business and sitting around thinking about how I could improve my knowledge of business and trading. This is how I’ve always been, and I purposely avoided swallowing the “blue pill” of “normal reality” because it always seemed very boring and confining to me.

pillI believe there’s a common mindset or thread shared between people who achieve success early-on or who don’t worry about societal norms like finishing college and having a “white picket fence house”. Being a successful trader is very much a “red pill” profession. Indeed, if you say to your parents at 18 “Mom and Dad I’m skipping college to become a Forex trader”, they are probably going to have some criticism for you to say the least, at least most parents would. It’s because being a professional trader is not “normal” it’s not status quo, and similarly, the mindset needed to become a professional trader is not status quo either.

There’s mounting evidence that a college degree is not as easy of a road to financial success as it once was. As Kathy Kristof points out in her article The Great College Hoax on Forbes.com, the rising cost of college combined with the crushing debt left over by student loans causes many college graduates to be stuck in mediocre paying jobs while having huge college loan debts to repay. This is not to say that college is pointless, certainly having an education is a very valuable tool, I’m just saying that it might not be for everyone and that people should research more before they dive head-first into loans and long-term commitments. Certainly, if you really want to become a full time trader, you’re probably better off skipping college all together.

There are no college courses for becoming a trader

I am an avid book reader and I have always had an unquenchable thirst to attain knowledge and learn new things. Many people go to college and just barely get by and don’t learn too much but they get a degree, because society says everyone should do that. It just always seemed a little funny to me, this notion of getting a cookie-cutter degree to have a cookie-cutter job, it also seemed mundane and very robotic. I wasn’t interested.

So, I embarked on a journey of intense self-study and self-education; especially with the internet these days, you really can teach yourself anything. If you want to get a college degree because you think it will help you in a specific field you’re interested in then more power to you. But, if you want to become a trader you’re going to have to be a very self-driven person…there is no state-certified curriculum that teaches people the skills they need to make a full-time living in the market. Most of the skills you need to trade successfully are learned in the school of “hard knocks”, indeed that’s where I forged mine.

A survey conducted by Bloomberg in 2010 showed that the school of hard knocks was the number one source (tied with the University of California) for CEOs of S&P 500 companies. Harvard was the #3 source (along with the universities of Texas, Missouri, and Wisconsin). The school of hard knocks features CEOs who never graduated from college. Of the top 400 richest Americans in 2011, 27 graduated from high school but did not attend college. Another 36 were college dropouts. The point is that you don’t need to attend or finish college to be successful, many very successful people have “made it” doing things their own way, including myself.

I am a successful trader, investor, business person and entrepreneur and I have no college experience worth talking about. Did I get some grief from some people about my decision not to attend college after high school? Yes. But, taking the “red pill” in life often leads to criticism from others, sometimes it’s out of concern / love and sometimes not. Whatever the case, taking the road less traveled is usually something that you need to a lot of mental strength and determination to do. You have to be confident in yourself and in your ability to achieve your dreams, this is what allows you to ignore the criticism and critiques from others. If you want to become a professional forex trader you’ll need these qualities as well, because you are probably going to encounter some resistance or criticism from others when you tell them your plans to become a pro trader.

Successful Forex trading requires a different skill set…

skillsetA big problem that many successful professionals in other fields run into when they try their hand at trading is that the skills they used to acquire success as a doctor, lawyer, college professor, etc, largely don’t apply to being a successful trader. Obtaining knowledge from a university and using that knowledge in a job is a very different skill set than the intense self-control, patience and mental clarity needed to succeed as a trader. You could almost say that most “common” jobs are more about dictating what you have learned outwardly, or to other people, whereas a trader has to dictate and use what he or she has learned inward, in order to navigate the markets and control their emotions at the same time. Trading really is the ultimate test of psychological control and having a disciplined mind-body connection.

This is why so many people who are successful in other professions get a big wakeup call when they start trading and subsequently lose money in the markets. They naturally assume because they are successful at their day-job they’ll be successful in the markets, but it’s not as easy as that.

The best traders listen to themselves, not to other people or their opinions. If you want to make money in the markets you have to trust your own decisions and not change your mind every time you read an opposing view on the market from someone or some website. Trading is a profession where you’re very much “inside” your own mind a lot, so for this reason it tends to attract people who take different paths in life and who don’t attend or finish college (that’s not to say people who do finish college can’t be good traders, just that it’s not required). If you can master yourself, meaning controlling your own emotional impulses as well as physical behaviors, you will have attained the “core” of what it takes to make consistent money in the markets. Everything else can be considered the “easy” part.

Conclusion:

To clarify, I am not suggesting that any current college students should dropout, nor am I trying to dissuade anyone from attending college, the point of today’s lesson is simply that becoming a professional trader largely requires skills that are not taught in any traditional school. I also wanted to stress that many successful people in the business world and elsewhere did not take the “typical” path in life; rather they followed their gut and what they “felt” was the best thing for them to do. That’s what I have always done and I personally know many others who fall into the same boat, none of us seem to have any regrets.

There’s another key element to becoming a successful forex trader that we have not talked about yet. That is, if you consider the “status-quo” within the trading community itself, we could say that it consists of things like forex indicators, expensive trading software, expensive courses and seminars, etc. Simply put, most of these things don’t work, they are basically just gimmicks. Status-quo efforts and approaches will get you status-quo results, and that’s basically true for everything. The people who make serious money in this world are investors, risk-takers and entrepreneurs; they are anything but status-quo. There’s nothing wrong with going to college, getting a degree and a “normal” 9 to 5 job, if that’s what you want and it makes you happy. However, I wanted to stress to you today that making a living in the market is going to require a lot of very non-status-quo action and thinking from you.

For example, most traders are thinking about indicators, trading robots, “secrets” to wealth, trying to trade without stop losses, etc, I would call this more of the status-quo of Forex trading. So, after realizing all of this many years ago, I finally figured out that as ironic as it seemed, simple, raw and stripped-down price action trading was about the most non-status-quo trading approach I could find, and it also made the most sense. Thus, my very non-status-quo life to that point had led me to the least status-quo trading style, but it was the one that made the most sense to me and has worked the best since. It can be hard to ignore all the things you read and hear on the web and elsewhere about trading the markets, whether it’s Forex, stocks, commodities or anything else. But, at the end of the day, it really all boils down to how well you can control your own mind and actions in the market, how well you can read a market’s raw price action, and how much you believe in yourself. Everything else related to trading is pretty insignificant.

I hope today’s lesson has provided you with some insight and brought you closer to understanding the reality of trading and what it takes to succeed. If you want to learn more about the ‘non-status-quo method’ of price action trading, checkout my price action trading course and members’ community. You can also contact me here.

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Nial Fuller

About Nial Fuller

is a Professional Trader, Investor & Author who is considered ‘The Authority’ on Price Action Trading. His blog is read by over 200,000+ followers and he has taught 25,000+ students since 2008. In 2016, Nial won the Million Dollar Trader Competition. Checkout Nial's Professional Trading Course here.
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  1. Mr Joseph Mpota

    True that……………..i am also a college dropout,i started trading 8months ago….i lost more money while i started but now i am good…..

    Reply
  2. sage

    I love your posts bro (this included), i can’t wait to finish saving up to purchase your course. You are doing a great job.

    Reply
  3. chirag karia

    sir,your blog,trading simplicity /idea,means price action trading article had given me new view towards trading that it is only about be simplified,money management ,No Technical charting (fishing for intelligent idiot ). I m word less how your website , videos changed my view ….. god bless you ,because to teaches a knowledge is a biggest donation as a human better then donation of money

    Reply
  4. aj

    I dropped out of college to be a trader I started from 1 min chart to 30 min charts now i trade strictly 4 hour charts and 1 pair with price action and I have been more confident and successful in my trading great article!

    Reply
  5. Frankanto

    Each of your articles I read meets my trading needs. They have greatly inspired me in my trading career.
    Thank you very much and God continue to bless you.

    Reply
  6. Awofeso

    Hi Nial,
    According to the late (Afro-Beat) legend “Fela Anikulapo-kuti”, he said certification means CERTIFIED SLAVE, simply because you cannot work anywhere without the government asking for you certificate “certified-slave”. Even if you dont know anything about the job you are applying for, but once you have your certified-slave certificate you are good for the job.

    What am trying to say is “You can make it in life without being someone else slave.
    Be a Trader and your life will never be the same!

    Reply
    • sez elabor

      bro well said..

      Reply
  7. Alexandra Dittmann

    Fantastic article, Neil – highly encouraging! Left my employed job 1 year ago to become a full-time Trader and move to the Canary Islands with my husband… Was doubting myself seriously lately as I couldn’t get past breaking even, but that has changed to the better since I have begun to implement the learnings from your blog.
    It’s wonderful to know there are people like you out there who prove that indeed, it is possible to be a successful Trader without sacrificing one’s peace of mind.
    Thank you and kind regards,
    Alexandra

    Reply
  8. Maros

    I have college degrees from different countries but still feel to constantly work on my discipline. Hopefully, one day I will be able to swallow the “red pill” as well. Good piece of work, Nial.

    Reply
  9. Henry

    Nial,

    This is a very inspiring article for me. I am also a college dropout who still eager in doing and enhancing my business. There are many obstacles indeed in my effort to achieving my goals but when you not letting yourself distracted with other things, those goals can be get much much much faster!

    I really fond of your articles, mate. They are really great!

    Reply
  10. Lode

    I love this article, I’m sort of the same type of guy. There are so many great opportunities around, but you will never see them with a narrowed minded view. Thinks outside the box and don’t be afraid to fail and If you will fail, you can do it over and over again.

    Reply
  11. Linda

    Thinking out of the box and following one’s intuition in life is my philosophy. Love your trading articles and calm, clear, ‘kis’ approach, Nial.
    Happy trading everyone, 2013.

    Reply
  12. Eve

    Hey my Boss, I totaly agree with you!

    Reply
  13. manuel

    interesting view expressed in the article.but all the same nicely written though i do not entirely agree with you. Kudos

    Reply
  14. folarin gbenga

    i will like to be your student.

    Reply
  15. JOSE LUIS

    You are incredible my friend!!!!

    Reply
  16. slivester

    u are the great gift from god…thanks for the great article nial….

    Reply
  17. Honza

    Very nice!

    Reply
  18. Stephen

    Heyy, thanx for this article. It has really inspired me alot.

    Reply
  19. jaykay

    Absolutely a great Down to Earth article…..and very true indeed.I loved reading it and know from peronal experience how correct and to the point is this article. thank you.

    Reply
  20. naveen

    Hi Guru, I am reading your articles everyday repeatedly. You have amazing writings skills also. Two years back, I visited your website. But I was searching the ‘holy grail’. Now, again I came here and continously reading, practicing, following your lessons.

    Thank you.
    Naveen from Chennai.

    Reply
  21. wade

    100%… I have always thought this way and as you said, been criticized for it…

    I do have a diploma (1 year) but this helps me live while i learn more and more about forex and build my live account, I would say at the rate im going, maybe in 2-3 years i can become a full time trader? You only have one life, why slave it away to make someone else rich? and then finally start living life to the full when you are 65??? makes no sense…

    So thank you Nial :), Once again

    Reply
  22. Buddy

    My humble thanks for your guidance and helping me to maintain my focus.

    Reply
  23. Daniel

    Great article mate.

    Reply
  24. Kaptain

    Well Nail, thanks for you thought on this. I have a Masters Degree myself and have been trading Forex for 3 years now without any sucess. I have been with your forum for two years of these 3 and still without any success. I have lost alot of money trading unfortunately, but I will never quit just like I never quit getting my degrees. That is me being driven…

    Reply
  25. The Big A

    Anyone who has read Napoleon Hill’s book think & grow rich soon realizes a university education is not necessary to achieve success.Some of the sheep with uni degrees I’ve encountered make me glad I quit school at an early stage! Self beleif will get you any where you want to go,Another Brilliant article Nial !

    Reply
  26. Karl

    We are becoming a self improvement site gradually. The article is nice.

    Reply
  27. Mike

    Nice, thanks Nail

    Reply
  28. water

    I confess , I have become an addict of Nial’s articles.By it’s self thrust It has almost become religious sacred words for me in trading and life at large.

    Reply
  29. sam

    After reading this article Im also gonna dropout my college this year,and become a successful trader.

    Reply
  30. jusmijo

    Thank you nial!

    Reply
  31. Jeriah

    Once again, Nial’s article is always worth its weight in gold. Thanks for sharing Coach!

    Reply
  32. Cyria

    This article is a great advice to everyone in any field. Thank you Nial for your wonderfull food of taught, you are indeed a menthor.

    Reply
  33. Neil

    Hi Nial, another thought provoking article and saw sounds like my life.
    Thanks

    Reply
  34. Thulani Magaqa

    Well wud love to knw more

    Reply
  35. ivan

    This is what I like from your blog Nial. You provide post on trading psychology which quality is quite rare. Keep on sharing! Success for you

    Reply
  36. Brett Reynolds

    Ha,

    From one college dropout..to another..!

    Reply
  37. nsibande mzabalazo

    The article incourages me deeply as I am a college dropout
    I also got intrested in trade after I droped out pending at college 2yrs ago I confess am deeply touched”

    Reply
  38. Funshion Movie

    Great article, i didn’t finish university too, am doing great as well.

    Reply
  39. Sachith

    Thanks you sir

    Reply
  40. Tom

    Great post Nial! We love hearing from you, keep it up my man!

    Reply
  41. John A

    Hmm.. True I think collage is over rated. I got my BSc Chemistry last year, but I cant get a job in my field until now. During this time of struggle, I followed Nial and other forex gurus who are using price action strategy.
    One thing that I would want to point out is that not everyone has guts to take the risk forex trading brings. Not everyone has the discipline not to fall on their own greediness.ta I hope that not everyone will start dreaming that forex will give you instant money. Forex is a tool that will help you build your wealth. It involves lots of discipline and studying.
    I can see that I can be a successful trader 5 years from now, (1 year to perfect my trading edge + 4 years to build $100k so I can trade 2% and make ~2k-8k per month), but for now, Ill gonna rely on my degree to get me a job while I build my wealth using forex.. and stock market..,

    Reply
  42. Shane

    Excellent piece of an article…one of the few I read from start to finish…thanks a lot for this eye-opener.

    Reply
  43. Fount Shults

    Thanks again, Nial, for a very insightful article. Even though I have a PhD from a major University, I have never used the degree to become successful. But I have had trouble becoming a successful trader because I try to use the same methods of learning that awarded me the PhD.

    Reply
  44. Asim

    hello
    Sir Nial,

    this was a great article and i dont know you belive or not but my thinking and story is as same as above… CHEERS !

    Reply
  45. Keith Loy

    Good article Nial.
    It’s true – I’ve recently realized that trading does indeed require a different mindset than a “normal” job.
    It does appear to be more about your emotional/mental state than anything else.

    Reply
  46. stuart jackson

    Damn!!
    I really wanted that white picket fence

    Reply
  47. Bobbletog Flartybart

    Dear Nial,

    Okay some college drop outs succeed in business and make it is forex traders.. However I would expect that a high proportion of college flunkies also fail in business and forex as well. Infact I would bet that the proportion of these drop outs who fail is much higher than those of us who managed it to the end.

    Nice Sermon anyway! Ha……..ha!!

    Reply
  48. AMIN MALIK

    THANK YOU NAIL, YES! The traits like”Intense self-control, patience with disciplined mind-body connection and mental- clarity about the trading EDGE” are must to become successful trader. REGARDS, AMIN MALIK

    Reply
  49. Joseph Schueller

    Very interesting article because I am actually in college. I really think that the trading mindset and disipline extend far beyond trading. I am trying my best in both my college career and trading career.

    Reply
  50. doky

    debatable

    Reply
  51. Jim

    Excellent article. We have too many college grads on welfare with a lifetime of debt before they get their first job. College is a profession that only continues with new students every semester. Trading ,especially Forex, is the only true occupation where you get paid in relation to your abilities. This is a self learn profession. Books and Internet help but you have to trade, you can not depend on other peoples systems and “bots”. You have a simple , clear trading plan that can help all traders “clean their charts” and make better decisions.

    Reply
  52. Shyam

    Good article.

    Reply
  53. James

    Well said nial! Agree with everything you said here. after finishing A levels (college)not getting the best grades in the world and not having any interest in uni, was going to tackle the world off my own back! BUT every tom dick and harry said I should cause its the ‘done’ thing to do plus all my friends were going so I done the easy (stupid) thing and followed the crowd to uni. Don’t get me wrong I had a great time there, met some amazing people, got some amazing memories, but I’ve learnt so more in the past 12 months about how to achieve success and follow your dreams in the real world via Nials website than I did in 3 years at uni. Nials Articals and course are full of no nonsence straight talking information that if followed will bring anyone success in thier life. And i have to agree with what he says, the most succesful business people I have met either didn’t attend uni or droped out! Great artical Nial.

    James

    Reply
  54. woodya69

    Hi Nials, right on the hammer mate , good one.
    Cheers Woody

    Reply
  55. David Hunter

    Hey Nial, I totally agree with the sentiment in your article. Education and college are not always synonymous – I knew that university was not for me from the start and have never regretted not going. In fact I would go so far as saying there is a benefit to me of my not having a degree, in that I have never relied on that piece of paper to get a job and keep it – I prove myself with my ability every day and that is the same approach I have with trading. The market never fails to give me accurate feedback if I am not on top of my game.

    Reply
  56. Lyte

    Thanks Nial. Just when I think I have to follow the “norm” todays lesson only encourages me to keep going!

    Reply
  57. Asghar

    Too late for the advise already done my college :D. Nice article though.

    Reply
  58. Ant Seb

    I am a college student and a consistent trader( at least breaking even)thanks to my trading mindset.
    I just got a 15% on my college test today. I smiled thinking how my professor would score the same if he there was a test on Forex trading, and how I would get 90%.
    Pro-trader for life!

    Reply
  59. Okoyeocha

    this article indeed gives me a lot of strength to move on since it was believed that more than 90% of fx traders fail to make it, and as i don’t believe in failure I decided to excel where others fail

    Reply
  60. Mark

    Another good article, thanks, Nial.

    Reply
  61. Olatunde

    excellent piece!so down-to-earth & rare depth. keep the good work up.

    Reply
  62. KeithN

    Nial,

    Don’t forget the most famous drop out of modern times. Sir Winston Churchill!

    Regards.

    Reply
  63. PeterMacD

    Hey Nial

    I couldn’t agree more. I have been the red pill guy all my life. George Bernard Shaw said “I cam to a fork in the road, One well travelled and one less travelled, I took the one less travelled, And that made all the difference!”

    Reply
  64. larry

    I like it. Thanks for all your articles.
    Larry

    Reply
  65. swede

    Totally agree…wonderful article and an ancouragement for anyone thinking they need a college degree to succeed in the Forex business. (or any business for that matter)

    Reply
  66. vipen doll

    Hi Nial,
    I could not agree more, I started trading when i was 15 and just applied basic knowledge to the graphs of when to trade and when not to trade.

    I have probably spent less than 400 hours learning to trade and my demo accounts gradually improved. On my real account I have executed at least 50 trades and 45 were successful so clearly I am doing something correctly.

    I am only 17 so if i can do it what is stopping you?

    Reply
  67. rena

    Good article,keep it up.

    Reply
  68. Orr

    Nial you just slaughtered one more sacred cow. You seem to be in this habit for a while and I enjoy every bit of it. Love your writing and your course has been of great help for me. Thanks!

    Reply
  69. Ernie Cabrera

    16 Nov., 2012

    Hi Nial,
    This article is very encouraging. I myself did not finish college. I was studying to be a chemical engineer but after four years, was so bored i decided to stop. I ended up in the computer business as marketing man and the last position i held was vice president for marketing for the local distributor of Tandem Computers. Your article gives me hope that I will eventually be successful in the trading business. That is, after I have mastered your lessons.

    Regards,
    Ernie Cabrera

    Reply
  70. Mohammad

    Thanks Nial,

    This is a book like article summarized on various
    experiences of educational life and tradng.

    Reply
  71. Darrell Jones

    After blowing my account up twice and listening to supposed gurus, I finally followed your strategy. I have been gradually building my account ever since I got rid of the noise and started using raw charts, price action, trends, and support/resistance. It almost seems too easy.

    Reply
  72. GaryC

    Good article Nial’s it really makes you think about were you are in your trading mindset. As you say that roadless traveled mindset, living your dreams and believing in yourself, the only one who counts anyway.
    Gary
    Vancouver, BC Canada

    Reply
  73. Leon

    Great article Nial, this one really resonated with me. It’s also just been forwarded to a particular family member who seems hell bent on disturbing my forex developmental path, despite demonstrable success so far. Neither they nor anyone else will deter my path to achieving my forex dream but your article perfectly articulated my argument to them. Cheers!

    Reply
  74. Wes

    Another thing is that they’re just handing out degree’s these days! I work with someone who has a masters, still going to school, and doesn’t even know the difference in where the funds come from that pay the salaries of a government employee vs. an NFL football player here in America. I wanted to rip the NFL jersey off of her and tie it around her neck while explaining that “your purchase of this shirt pays the football player, you, the government employee are paid from the ripping off, oops I mean the taxing of everything they can think of taxing just so they can hire you to be stupid!” Now with BO being re-elected, she’ll probably be getting some staff to work under her. Hmmm, what’s my point you ask; she could still be an outstanding trader. )o:

    Reply
  75. Martin

    Nice article. As in most aspects of life, once you strip away the BS there is not a lot left, and everything becomes unbelievably simple.

    Thanks Nial, all the best.

    Reply
  76. Marcin

    It does not matter if you attend high school, university, courses or whatever path of education you choose. Thy only thing that is valuable is to become an expert in any categories of business you like. Do things which you like, makes you happy but try to do them good (professional).
    Personally, I still have problems with applying to my life the above sentence.
    Greetings from Poland!

    Reply
  77. Mcai

    Well done mate, a near perfect view from a the eyes of a pro trader and what it takes.

    Anyone can become a pro trader, seriously…. Anyone.. Just gotta have the balls to achieve it.

    Reply
  78. Karlis

    Really enjoyed. :)

    Reply
  79. Roland

    From your article, it seems that I have taken the ‘blue’ pill. I have finally decided to try out forex trading after so many years thinking about it. I’m still on my demo account and even that is very confusing. So much indicators to watch out and it seems that I’m going in blindly.I would like to learn about your price action trading method and hopefully it’s easier to comprehend. Tq.

    Reply
  80. Michael

    very informative article. indeed many of us were made to think that success can be had only through the “blue pill” mindset. But the times have changed and so we must break out of the box.

    thanks

    Reply
  81. Nelson

    You really saved my account before total collapse. I’m not a member yet but just reading your articles and watching your videos made me realize I was on a totally wrong path.
    I feel like you are talking to me on most articles. I’m also drop out from college, not because of forex but because of other business I had. Now I’m trying to be successful at forex and your articles have been invaluable. I hope to join real soon. Your free content alone worth the money.

    Reply
  82. Ali

    I am glad that I am a college dropout :D

    Reply
  83. Ian

    Nial,

    For me the biggest thing with you is your no nonsense, no hype approach and attitude towards trading currency. Too many currency trading business’ (often expensive) suck people in promising riches with get-rich-quick strategies with very little, if any emphasis on mindset. Mindset is the key to success in currency trading and in life so thank you for your unique articles and approach – I thoroughly recommend you as a mentor to any prospective members after spending nearly 100k on trading couses and personal development.

    Reply
  84. kartik

    hey nial , thanks for the great articlw you really wrote what i have been thinking for a long time now its really very encouraging to read an article on such a topic as even our own near ones don’t understand us because we are taking a different path

    Reply
  85. Nagaraj patil

    Very good article, changes the Trading approach & mindset. teaches how to become a successful trader.

    Reply
  86. Erfhan

    Thanx Nial, a Brain Opener

    Reply
  87. Zsolt

    Nial,

    Excellent article and I fully agree with everything in it. Although I have three degrees, all of them from elite schools known all over the world, most of the time I spent at universities was a waste of time, my degrees are nothing more than status symbols. At the same time I am an anti-status quo person (had conflicts everywhere I worked because I refused to take orders), love learning and testing new things and concepts. I take huge risks, not always calculated ones, and do from time to time run into difficulties. What looks like failure at the beginning usually turns out to be nothing more than a bump on the road to my financial independence. I always bounce back because of my non-conventional thinking and approach and utter determination to succeed. Every forex trader should have these qualities in order to succeed, a degree won’t help in this tough but wonderful business.

    Reply
  88. Malusi

    excellent stuff Nail very inspiring and it also enlightening, I guess U can also make it in becoming a motivational speaker for traders,

    Reply
  89. sylvester

    Very nice.

    Reply
  90. KRISTOFA OKENTA

    YES INDEED

    Reply
  91. A.N.M.Suhrawardy

    Hi Nial,

    After reading your Article i feel much Confident in myself. Thaks for sharing your insight.

    :)

    Reply
  92. Frank

    hi Nial!
    You never seize to motivate me with your writeups. I appreciate you so much. Ever since I got to know about you, i have decided to listen closely to you from your articles that i have read. You are trully my mentor. I am not a member yet but i know definitely that whenever I am financially up to that, i will register with you. May your inspiration to write more never cease. Thanks Nial. You’re simply the best.

    Reply
  93. bambang sudarto

    Another acouraging topic. Good writing

    Reply
  94. Paul

    Phenomenal piece of work Nial
    very well done
    You could submit this for your final thesis! (Joking)
    There must be a link between the low success rare of all those wanting to become traders and society ‘norms’ that the majority of individuals comply with
    If you are not satisfied with the results you are getting, then you need to do (and think) something different

    Have a great weekend, best
    Paul

    Reply
  95. Ramli M.S

    Thanks Nial.

    I have a great respect on you.
    Your advice is excellent.

    I am your student for one year plus.
    Doing well with your metode.

    Thanks n Cheers

    Reply
  96. Ariyo

    HI, MY MENTOR, AFTER LOOSING OUT AND GETTING TOTALLY FRUSTRATED IN FOREX, I READ YOUR WRITE UP ON SUPPORT AND RESISTANCE LINE AND YOU PRICE ACTION STRATEGY.
    AM REALLY GRATEFUL FOR MAKING FOREX TRADING SIMPLE FOR ME AND AM HAPPY THAT I HAVE BEEN TRADING FOR THE PAST ONE WEEK WITHOUT THE NEED TO RUSH TO THE BANK LIKE BEFORE TO REFUND MY ACCOUNT.
    I HAVE BEEN USING THE DAILY CHART PRICE ACTION STRATEGY, I CAN SLEEP VERY COMFORTABLY AT NIGHT AND I FEEL RELIEVED UNLIKE BEFORE,
    IN FACT, THE PRICE ACTION REALLY PREPARE SOME TRADES TO ENTER DAYS AHEAD E.G AUDUSD WHICH IS @1.0332, EURUSD AND EURGBP.

    Reply
    • Moses

      Hi Ariyo… I would really like to have words with you if you wouldn’t mind.

      Reply
  97. Ironn Anderson

    Excellent!

    Reply
  98. Johann

    Great article Nial. An eye-opener. Thanks for sharing your opinion and your view of life. Learning through own experience and others (like yours) can certainly be invaluable in helping reach our goals.

    Reply
  99. Tomson

    Superb,
    I must say that your last three articles has been very interesting. As you point out, the hardest part is the philosofy and the right mindset about trading, and those latest articles about that are brilliant.
    Just reading about PA, how pinbars, fakey or IB should look like isn’t enough, only the beginning.

    Thanks a lot.
    Cheers Tomson

    Reply
  100. ed

    also… it seems to me it’s about believing in yourself and march to your own rhythm

    Reply
  101. Miki

    Coach, its a joy to read your articles every Friday. Keep on the good work.

    Reply
  102. phil preston

    Nial
    Fantastic advice – Like all your other posts!! Thanks for sharing it.

    Reply
  103. Alexander

    I agree with this Nial, i am going to college just as a “backup” plan whilst i am increasing my live account at the moment. I don’t really want to have a normal job, i want to trade, if i earn 2000 usd a month or 5000 usd a month in 4 years does not matter.

    The biggest profit from trading is the spare time and you can do what you love instead of going to work 40 hours each week.

    Reply
  104. Patrick

    Nial, thank you so much for this outstanding article.

    Reply
  105. Pathfinder

    Thanks Nial,
    a very cool article and ‘food for thought’ for everyone

    Reply
  106. samuel

    well said Nial. education won’t give one success but rather self determination and self belief which enables one to soldier on despite all the obstacles. You are a true mentor man. your lessons are crucial not only in forex but also in other aspects of life.

    Reply
  107. ed

    interesting point of view, thx

    Reply
  108. Nadeem Qureshi

    Hi Nial,

    Nice Article mate. I am also a college dropout and finally learning the price action and forex with great dedication. Lets have a look at the next article.

    Regards,
    Nadeem

    Reply
  109. Carmen

    Excelent article.

    Reply

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