• Nial Fuller

    NIAL FULLER Nial Fuller
    Professional Trader, Author & Coach

    Part 13: Professional Price Action Forex Trading Strategies

    pic-of-nial-fuller1Nial Fuller’s Professional Forex Trading Strategies

    Hey traders,

    Now that you’ve made it through my Free Beginner’s Forex Trading Course, I want to give you guys a little insight into my core trading philosophy, why I trade the way I do, what I teach, and how I can help you become a better trader. I hope that you enjoyed taking this free course as much as I enjoyed making it, and you should now have a solid foundation on the basics of what the Forex market is and how it’s traded.

    Knowing the basics of Forex is great, and every trader needs to know them, but if you are serious about making consistent money in the markets, you need to learn real-world trading strategies that will provide you with a high-probability trading edge. Here’s some more information about me and my price action trading strategies:

    About Nial Fuller:

    I’ve been trading the markets for over 10 years now, and I have learned every lesson you can imagine along the way. Perhaps the biggest lesson I’ve learned is that ‘simple is better’, and this is the main point I try to convey to my students and it’s why I don’t use a ton of indicators or messy trading systems. My primary mission after becoming a successful trader has been to help other traders “see the light” of simple price action trading. I am very passionate about trading Forex, and I know a lot of other people are too, but unfortunately there is so much misleading information about it, that it can be really difficult to get started on the right path. My goal as a trading mentor is to lay a simple path for all traders to follow, that path is paved with the price action strategies that I have found to be very effective over the years. Be sure to check out Part 6 of the course on price action analysis for a refresher on what price action trading is all about.

    How I trade with price action

    • My core trading philosophy

    My personal trading style is completely focused on “reading” the price movement of the market in its “natural” form, or in other words: “Price Action Trading Analysis'”. I don’t use any indicators or confusing systems; I simply trade from a naked price chart.

    I have an arsenal of powerful price action patterns that I look for within the structure of the market. For example, if a market is in an uptrend, I will be looking for price to retrace to a support level within the uptrend, this is what I consider a “value” area, and I will then watch patiently for one of my price action signals to confirm a trade entry. Whilst the majority of my trades are following the trend of the market, I will occasionally take a counter-trend trade setup or a range-bound market trade.

    Regardless of what direction I am trading, the main thing I am looking for is “obvious” price patterns forming at “key” levels in the market. When I see one of my trade setups has formed at a key level in the market, I consider this a green-light confirmation signal for me to enter a trade. Given that there are only a ‘few’ good signals each week, I spend a lot of time just waiting patiently for a trading opportunity. I wrote a very popular article last year on the concept of being a patient trader waiting to ambush trading opportunities, you can read that article here: “Trading Like A Sniper “.

    In summary, my trading approach is largely built on finding multiple pieces of “evidence” that work together to confirm an entry into the market. Professional traders call this “trading with confluence”. In regards to my price action trading strategies, trading with confluence means looking for multiple factors on the chart that support the case for entering on a price action signal that has formed.

    Overall, my trading strategy might appear quite simple, and frankly it is, but as I said before; simple is better in Forex trading. I’ll be honest with you guys, must unprofitable or beginner traders are attracted to overly-complex trading methods and this is usually what leads to their eventual failure. As a trader who has “been around the block” a few times, I know what has worked for me in the markets, and I feel it’s my job to convey that information to other traders. Thus, my main priority as a trading mentor is to teach my students how to trade with a simple forex trading strategy.

    Here’s one of my recent videos explaining how I use one of my favorite price action signals; the pin bar trading strategy, to trade in-line with the trend:

    • My favorite markets and time frames

    If there is one lesson that you should accept right now, that will save you A LOT of time and money, it’s that trading the daily charts is the easiest thing you can do to reach your goals as a trader. Now, to be a little bit more specific…if you start off your trading career trading small time frames like the 5 minute and 15 minute charts, you’re going to experience a lot of frustration, lost time, and lost money. You see, these small time frames contain more variables for you to analyze (and over-analyze), this means more “noise” or random price movement that isn’t really impactful or meaningful. When you move up in time frame you get a natural “filter” that works to smooth out the noise and confusion of the small time frames. The daily chart gives you the best view of the market and also provides the most effective filter against the noise of the small time frames. I also trade the 4 hour time frame quite often, and occasionally the 1 hour charts, but I NEVER look at any time frame under the 1 hour.

    My favorite markets to trade are the EURUSD and AUDUSD, but each day I will typically scan through all the major Forex pairs looking for price action trading opportunities. I also trade gold and silver and occasionally look at crude oil, the Dow Jones cash market, as well as some of my local Australian stock indexes.

    Why I trade the way I do

    As I say often, I am very simple in how I think about and trade the markets, my years spent “in the trenches” of the markets have reinforced the necessity to eliminate unnecessary variables from my trading. Most traders over-analyze the market and confuse themselves as a result, this ends up in them trading emotionally and losing money. Thus, I have no desire to sit in front of my computer screen staring at the 5 minute chart like a strung-out zombie-trader. I prefer to trade the daily charts and trade in a relaxed and stress-free manner; if there’s a trade setup that meets my pre-defined criteria, I enter the trade, if not, I walk away until the next day usually.

    I really want to stress the fact that taking a slow and calculated approach to your trading is far better than trying to be a day-trader or entering 20 trades a week. If there’s one thing you guys take away from this free course it should be this: you aren’t going to make money fast by trading time frames under the 1 hour and by rushing your trades. You will make money faster by being a patient trader and taking a daily-chart outlook. Forex trading success is measured in months and years, not in days or weeks. So, if you remember nothing else from my website, remember that slow and steady wins the race.

    What you will learn from me as your trading mentor.

     I like to think I am a bit of a “contrarian”, in my trading and probably in my everyday life to some degree too. I’ve often found that if you do what everyone else does you’ll get what everyone else gets, and when it comes to trading, this approach simply doesn’t work. The fact is that most traders struggle to make money in the markets, they get frustrated, emotional, lose money, lose time, and generally have no concrete trading strategy or forex trading plan. So, if you want to be like most other traders who are obsessed with indicators and “magic” robot trading software, you will probably lose money rather quickly, like most other traders.

    I don’t sugar-coat anything, and my reputation has been built on that fact. So, what I will tell you is that if you choose to learn from me,  you will learn honest, long-term and sustainable price action trading methods. I will teach you how to read the natural price dynamics of a price chart and how to find high-probability entry points within it. You will develop a discretionary trading sense that will allow you to trade for yourself forever; this is a skill that you can carry with you to not only Forex but to any market.

    You will never need a signal service or $5,000 trading course to teach you to trade, because I will teach you the only trading strategy you’ll ever need. I firmly believe in the old saying “teach a man to fish and you feed him for life”.  I don’t care what anyone else tells you, rigid mechanical systems will always fail over the long-run…you NEED to learn to READ and make sense of the price movement of the market, and you need to learn to ebb and flow with it. In essence, the market is dynamic and constantly changing, so you need a trading strategy that gives you the ability to trade in this type of environment. A market will change over time, and as a price action trader, you have the ability to change and adapt with it.

    In closing:

    I would like to extend my personal thanks to each and everyone one of you who made it all the way through this Forex introduction course. I hope that you now have a solid understanding of the Forex market and Forex trading. Whatever path you decide to take in your Forex trading career, I wish you all the best, and if you remember nothing else from my website, remember that ‘simple is better’ when it comes to trading.

    If you would like to continue learning about the power and simplicity of Price Action, then you should consider my Professional Price Action Forex Trading Course and Trading Community here. My Students get lifetime access to all of my advanced price action Forex Courses, video lessons, webinar tutorials, daily trade setups newsletter, live trade setups discussion forum, traders support line & free ongoing course updates. For more information visit the Forex Course page here.

    Please Share This Beginner Forex Course With Your Friends and Pay It Forward.

    ————————————————————

    Jump Back To StartForex Trading Beginners University

    Syllabus Of All Chapters

    Part 1: Introduction – What Is Forex Trading ?

    Part 2: Forex Trading Terminology

    Part 3: Long or Short ? Order Types And Calculating Profits & Losses

    Part 4: What is Professional Forex Trading?

    Part 5: What is Fundamental Analysis?

    Part 6: What is Price Action Trading Analysis?

    Part 7: Introduction to Forex Charting

    Part 8: What Is A Forex Trading Strategy?

    Part 9: Common Forex trading mistakes and traps

    Part 10: What is Technical Analysis

    Part 11: How to Make a Forex Trading Plan

    Part 12: The Psychology of Forex Trading

    Part 13: Professional Price Action Forex Trading Strategies

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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.
    Nial Fuller Professional Trading Course Preferred broker 2020 v1
    1. sadick ambitious

      i really liked ur introduction course mr nial in fact i decide to follow u as my mentor.

      Reply
    2. Daniel

      I thank you so much mr Niall Fuller, you have really facilitated my knowledge of FX trading, and furthermore you have fueled my admiration to complete the course. May God Continue Blessing 🙏 you abundantly. Thank you$$

      Reply
    3. Jesrael Jossop

      Thanks for the info.
      I want to know, can I also trade pin bars ,inside bars and fakeys on the 4H chart

      Reply
    4. Martin onwukwe

      Hello sir
      Thanks you so much for your kind gesture and
      For letting this wonderful teaching out to the world.

      Sir I want you to be my mentor

      Reply
    5. Gregory martis

      Very good. I won to learn more to be a profeshonal trader. How can you help me

      Reply
    6. TSHIAMO MANDLA

      Thank you so much it was really inspiring and wonderful

      Reply
    7. John Kapueja

      I’ve always been wanting to to have a course as simple and understandable like this. For now, I still have to read further.

      Reply
    8. Festus

      Quite inspiring indeed.

      Reply
    9. jake

      Great stuffs, Mentor!

      For allowing access to downloading these contents alone is a plus for you.

      I just downloaded your contents and I look forward to being a professional trader.

      Thanks a lot,
      jake

      Reply
      • Mk

        Hi Jake,pls can you do me a favour…

        Reply
    10. Ugwumba Emmanuel N.

      Thank’s so much sir, this has really been educative and inspiring.

      Reply
    11. KUSH KID

      i’m really thankful coz i just went all the way to the bottom, REALLY HELPED ME

      Reply
    12. Xolile Mnguni

      This has been an eye opening trading lesson for beginners….truly enjoyed it. How much is the complete trading course for beginners ? I am a Gauteng South African.

      Reply
    13. Ngoorga

      This has really been wonderful.

      Reply
    14. Grace Gale

      Thank you Nigel, this course is very informative and an excellent course for beginners. Very well written and easy to understand.

      Reply
    15. Don Adigor

      Thanks. I think this is the best course I have ever read about trading. God bless you

      Reply
    16. Emmanuel bolaji Olakunbi

      Thanks, I really appreciate your wealth of experience.

      Reply
    17. Elvis Maphoka

      So simple and realistic, this is what I have been seeking for a while now, I wholeheartedly thank you.

      Reply
    18. Dolapo

      Thank you so much for this piece of Information on FOREX.

      Reply
    19. Sepato

      Hy sir i want you to be my mentor

      Reply
    20. GEORGE SEIBEB

      Thank you so much!!!

      Reply
    21. Paul

      God bless you sir for sharing this priceless knowledge

      Reply
    22. Ahmed Omo Amadin

      In thank you Nial Fuller for been so nice, this information is priceless …

      Reply
    23. narbi

      thank u so much

      Reply
    24. Nicholaus

      Thanks a lot, I appreciate.

      Reply
    25. Arubi Samuel

      Thanks I just realized I was becoming an emotional trader even before Ive started trading…. Youve saved a trader to be, thanks once more for your help sir

      Reply
    26. Samuel Chapi

      Awesome, thanks a lot

      Reply
    27. Luda Steve

      Thanks alot for the concept

      Reply
    28. Ndumiso Kweyama Ndumero

      Thanks for this information

      Reply
    29. Miyelani

      first of all I like to thank you sir .now I understand the forex market god bless you

      Reply
    30. Ezekiel Isaya

      Thanks a lot and God bless you

      Reply
    31. Takudzwa Matarise

      everything betweenthe lines you wrote is educative, thanks

      Reply
    32. TARUN KUMAR SUTHAR

      FINALLY I LEARNED A LOT OF FROM YOU, WHAT IS FOREX TRADING AND HOW IT WORKS BY OWNSELF. THANKS A LOT OF AGAIN. NOW I WILL KEEP CONTINUE READ YOUR WEBSITE AND IF I GET MORE THINGS AND KNOWLEDGE FROM YOUR WEBSITE THAN IS IT FACT , I SHOULD SUBSCRIBE YOU FOR FOREVER.

      Reply
    33. Austine Enyuma

      thank you so much sir

      Reply
    34. EDIKAN JOSEPH

      Thanks you so much sir for this unique privilege to learn at no cost. I Look forward for greater moments to learn more. I’m really grateful

      Reply
    35. Peter Purcell

      good education thanks

      Reply
    36. Lyndt

      Thanks Nial, very helpful indeed

      Reply
    37. mathurin guy

      Nial!
      actually this is what I was talking about:
      “price action trading”. And I would like to watch a live trading setup. Please

      Reply
    38. Murtala Atabo

      I am very much great full to you for this wonderful and motivative write-up,this will go along way in encouraging people like me into diving into the world of forex trading.thanks and God bless.

      Reply
    39. ARHEWE SAMUEL OSAGIE

      I JUST STARTED STUDYING YOUR ARTICLE.AM SERIOUSLY ENJOYING IT & ULTIMATELY ENVISAGE A GREAT & FRUITFUL TIME WITH YOU. THANK YOU SO MUCH & GOD BLESS YOU FOR ME SIR…

      Reply
    40. Jawad Nhammoucha

      شكرا جزيل

      Reply
      • Apata Olusola

        Hello sir, in fact, this article gives me relief in my spirit as regards the issue of timeframe. You hammered everything in a very clear manner. How I wish I had found this website all this while, I would become the profitable trader I wish to become.

        Apata

        Reply
    41. Vinod

      Thanks to you Nial for your guidance on the forex markets & inspiring me to develop an profitable and fairly accurate method…has made a huge difference to my life on the whole..

      Reply
    42. Mohammed Yahaya

      You have just succeeded in concretising my mind set about the business.

      Reply
    43. Abdullah al hasan

      Dear sir,
      Your article is very important and useful foe us.But if you explain more easy language then it will be more easy to understand for foreign people like me.

      Reply
    44. tyson

      great masterpiece God bless you nial

      Reply
    45. Mayen

      Thanks a lot for this masterpiece. This is the best I’ve seen so far on forex basics.

      Reply
    46. Louise du Plessis

      Thank you for this excellent information. Easy to understand and logical.

      Reply
    47. Atif Riaz

      Awsome wrk done by nial the way u define it all i think no space to define..

      Reply
    48. Bhavin

      Thanks for providing such valuable info as I have not came across any site which provide this kind of understanding on basics of forex markets.

      Reply
    49. Ashok Jaria

      I really admire.I too believe that ‘simple is the best’.I really really appreciate you..

      Reply

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