What Forex Trading Was Like in the 1980’s
One of My Friends Sent Me This Video Series. This is a great Video Series that Shows Traders What Forex Trading Was Like in the 1980’s. It’s amazing how different things are today. Please take the time to watch this cool video series, I am sure you will enjoy it. On June 4, 1985 the Enterprise cameras focused on the international currency market. Three traders, one each in New York, London and Hong Kong, are followed through one typical day. The stress, the responsibilities and the dedication of each man is evident as they work through a day of trading in Pounds Sterling, U. S. Dollars and German Marks.
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About Nial Fuller
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.
God i loved that video it brought me back to the early 80’s when i traded dollar/aussie for Australia and new zealand bank in nyc 120 Wall Street i so wish there was a way to get in touch with some of my friends from back then
Well that was interesting !!! Two things, the dealers even now , or more now with hedge fund businesses, must be moving markets in the short term, second, the interesting comment about the American dealer, wait wait wait until it is right to enter the market, straight from Nialls thinking :)
Humbling!!…. and to think i was impressed with my abilities! :)
Just come across this video. I traded FX at BZW as a grad trainee until politics wielded its axe in ’94 and was sent to the back office a year later! Great video though…
Nial, I ABSOLUTELY enjoyed this 80’s video! Fascinating and alot of fun. Amazing how things have changed-especially technology wise. Look at the way technology has allowed small retail traders to play in these markets.
it’s just amazing video….
actually the overall trading psychology is explained in a very good manner…..really nice and must video for the newbies ….thanks nial….
What a fascinating insight! As a complete newbie (still learning basics, not traded yet), I agree with Dan (October 17,2012) that Nial’s way of trading is more preferable :)
wow very interesting. especially the “reuters pager” in leu of a laptop lol. Boy have times have changed!
Have you seen their top technology items… Touch screen to go faster !
So great because this is TRUE life. Piece of information never seen elsewhere…
THANKS
Just watching this series is an Adrenaline rush! Haha
that british guy looked like hell. NOT a way i want to spend my time trading! i much prefer nial’s way of trading the dailies in a relaxed manor
It was very informative and interesting but I think the tittle is not correct. Trading desk and the style has not changed at much and the traders still speculate, buy and sell the same way. Mode of communication and information gathering have completely transformed though.
Cutthroat. Shows the odds are stacked. Risk management is key to survival. What would you say are the lessons to be learnt out of this Niall
Regards
Finjoman
That was a good video!!!!
I remember one of my trading friends telling me that anyone who thinks of making a living trading currencies after working in a bank that literally trades within million blocks will not survive for long.
After watching this video I would gladly be a piranah than to go against a shark.
good video, and nice, I used to work in barclays capital
fascinating how 20 million could move the market back in the day…and jumping on the back of a rumour could reap rewards….
not like that anymore with 4 trillion being traded every day.
Great videos Nial, the UK and the Asian are the big guys that push the price around. We would rather feel like the US guy, who plays around.
thanks
The Asian took 5 pips or so. The Scalper. The UK guy took 30 pips and the US guy is looking longer term. The UK guy say that even though in the daily they could move the market for their profit, it is the longer term that is important.
Thank you NIAL for the videos. There is a marked difference. We must be grateful to the Developers of latest technology, that the trading has become for easier on charts.Videos are the eye-openers for Retailers to watch the quantum of volumes being traded in the market.
Hi Nial,
The great videos and shows that the price action is king for forex trade and others.
Nothing has changed, this still is the best way of trading, the only difference is that now you have more noise. If you like there is a thread on FF about this called Pit Bull Trading.
An eye opener, thanks for the video.
Very interesting indeed.
Nice video’s. Great if more of this type of “life-style” videos are found. Always pays to look at history. Thanks!
Legendary!
Hey nice one, no candle sticks or bar charts either! I wonder what those guys are doing now? would be great to do a follow up doc! Makes you realise how important timing the entry is- something I need to greatly improve on…..amongst other things!!
Haha look at me mum, no charts!! Such a different world back then, makes for a very interesting video series. Thanks for sharing!
Thanks my Prof Nial. This looks a great way different with what we are having today.
Technology has made trading easy and affordable. Time and distance has been as well removed in trading. Most of all anybody can now become a trader with a token. But dear professor, ‘What is your own lesson to us from this videos’?
Cool to watch how the old scholl boys do the trading
Thanks
Nial
It can be true that the big player who bet millions dollar on forex is taking a profit from all small trader.
Thanks
Niah
Thank for the video. A history worth viewing.
Wow that was amazing. I can see how much emotion is involved with a lot of these guys from the chain smoking and chewing their thumbs off in anticipation. Also good in the second part to see the two characters on opposite sides of the trade. Would not be able to see this elsewhere so thank you very much Nial.
Richard Hill with hair! Were things that tough in those days? :)
This is very inspiring to me and made me realize how the big boy play!!!Loved it Nail. Thanks
Nial,
Thanks for showing the past. This is an eye opener.
Rikus
10 hour day- call Hong Kong early successes are always reversed by trader fatigue. Diet may be important due to metabolic influence on high execution success rates. Price Action requires exceptional focus of an extraordinary level. Price follow through must be realized before entry and close before house out. This occurs within 1 minute. Any distraction whatsoever causes the highest losses, because the trader missed the cut-and-reset opportunity. Digesting food and economic news to understand where the price should be fundamentally is not a viable short-term strategy. Price action trading and rolling profits into a long-term strategy account is good if you enjoy break-even trading. Especially, a long-term position with a supporting contraian hedge.
This is a eye opener! And yet on a daily basis I received SPAM Mail promoting robots that will make million’s of dollars on a standard trading account! Nial thank you for the information. Regards
Technicians they are NOT. Not a good example to any of us, at least not ME.
Jim
Dear Nial,
Is it true that the big player who bet millions dollar on forex is taking a very small profit?
As it mentioned on the video the hongkong trader bet 120mill but take profit only USD20,000. So for us a small trader betting win 30-50 pips is always ending up as a loser trader.
Thanks
Johnny
Nial, thanks for the eye opener. It was a very revealing video.
Thanks again.
Steve
….talk about gambling your money! educational none-the-less though, thanks Nial….
Thank so this amazing video. This video is defienately an eye opener to how much the big players influence the market. You’re the best at what you do man! Please keep them this coming!
Are the big guys still trading like that these days, no chart, no indicator? Very interesting. Thanks.
Thanks Nial for showing us these vids.
It shows us how lucky we are with charts these days.
Rudy
Respect for those who have gone before.
Note how Richards boss praised him as the best in the world because “he has no ego”. This remains the same even with all the changes. If our ego gets in the way we will loose money.
Another cool materials from NIAL
Nial, very insightful videos, you need to post more of the like…thus gives us little guys insight into the real world of trading, i.e. did anyone notice when it was time for the Asian guy to sell, he had to it under the radar, so to speak. Thus, that is why I hear the smart money sells when they really are getting ready to buy big…funny how the market works, but these kinds of vids give us little clues we would not otherwise get elsewhere, if u know what i mean. Again, thanks Nial, please share more of this kind of stuff. It definitely can make a difference. Kudos & take care.
Patty
Patrick .. good comment.
Thanks to internet the man on the street can trade
nothing like living on the edge, great insight into days gone by.
does anybody notice in 1 part at 8.45 how that trader keeps playng with his pen in his fingers.that was nice…
Very interesting…enjoyed the videos. Thanks for sharing.
A real eye opener!
Good leason on keeping ego
out of it, and waiting for
the right moment. Great stuff.
Is some of those guys still in business today?
Great Videos. Thank goodness for progress.
Many thanks Nial, great video it’s really inspirational and interesting.
Cool
Different time zone.
Cheers
That is crazy cool . I will watch again
indeed very intetresting
Wot no charts… seems you needed to have a mental picture of price structure then!
enjoyable videos Nial,thank you… Make’s me greatfully for electronic trading, without it i would’nt be an active trader on a part-time basis…
Hi Nial, great selection of movies.
Cool trading, looks the most pure form of price action, they traded with only price and nothing else, not only no indicators but also no charts. The best: a bunch of others money to play around….
Thanks.
That was nice!
Very cool Nial! Thanks for sharing.
Thanks Nial for the video, the news trading part made me realize something while watching the video. Thanks so much.
Facinating! Thanks Nial
Just brilliant… absolute GOLD!!!
absaloutly magic, I was twice their age when that was shot, so do you think im to old to be a newbie,noo waay, its all in the mind,have a great day
Great article Thanks for sharing
just goes to show how hard it was for them. and how easy it is for us.
I have not seen a single chart? Where they just watching “numbers” on the screen? Just following very recent momentum accordingly to fundamentals?
Most interesting to me, wasn’t the shocking hairstyles or ‘old’ computers, it was that I didn’t see a single chart in any video
i dont think they need a plan because they are the “market”, they make & drive the price… as for us, we’re just tagging along and surely so with a plan…
This so so cool! Thanx!
Quite an interesting video. Thanks Nial
You have to LOVE their trading plans, or lack there of…LOL Great Videos Nial
Ha ha,great music.I like the Hong kong sting.All in b/w too.
No ma or rsi.
Happy trading,
GrahamD