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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.

online programsI 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, 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.

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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

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  1. saurabh sharma

    Very helpful and informative

    Reply
  2. KOR CHIGO

    My dear Nail Fuller, I’m interested in learning and eventually trading Forex.Your write-up has been very educative and motivating.I would like to read more literature from you on this topic. KOR CHIGO.

    Reply
  3. sadick ambitious

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

    Reply
  4. 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
  5. 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
  6. 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
  7. Gregory martis

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

    Reply
  8. TSHIAMO MANDLA

    Thank you so much it was really inspiring and wonderful

    Reply
  9. 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
  10. Festus

    Quite inspiring indeed.

    Reply
  11. 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
  12. Ugwumba Emmanuel N.

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

    Reply
  13. KUSH KID

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

    Reply
  14. 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
  15. Ngoorga

    This has really been wonderful.

    Reply
  16. Grace Gale

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

    Reply
  17. Don Adigor

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

    Reply
  18. Emmanuel bolaji Olakunbi

    Thanks, I really appreciate your wealth of experience.

    Reply
  19. Elvis Maphoka

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

    Reply
  20. Dolapo

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

    Reply
  21. Sepato

    Hy sir i want you to be my mentor

    Reply
  22. GEORGE SEIBEB

    Thank you so much!!!

    Reply
  23. Paul

    God bless you sir for sharing this priceless knowledge

    Reply
  24. Ahmed Omo Amadin

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

    Reply
  25. narbi

    thank u so much

    Reply
  26. Nicholaus

    Thanks a lot, I appreciate.

    Reply
  27. 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
  28. Samuel Chapi

    Awesome, thanks a lot

    Reply
  29. Luda Steve

    Thanks alot for the concept

    Reply
  30. Ndumiso Kweyama Ndumero

    Thanks for this information

    Reply
  31. Miyelani

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

    Reply
  32. Ezekiel Isaya

    Thanks a lot and God bless you

    Reply
  33. Takudzwa Matarise

    everything betweenthe lines you wrote is educative, thanks

    Reply
  34. 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
  35. Austine Enyuma

    thank you so much sir

    Reply
  36. 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
  37. Peter Purcell

    good education thanks

    Reply
  38. Lyndt

    Thanks Nial, very helpful indeed

    Reply
  39. 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
  40. 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
  41. 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
  42. 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
  43. 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
  44. Mohammed Yahaya

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

    Reply
  45. 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
  46. tyson

    great masterpiece God bless you nial

    Reply
  47. Mayen

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

    Reply
  48. Louise du Plessis

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

    Reply
  49. Atif Riaz

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

    Reply
  50. 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
  51. Ashok Jaria

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

    Reply