The How i trade forex’ on Price Action Trading. In 2016, Nial won the Million Dollar Trader Competition.
What If You Only Took 4 Trades a Month? What’s Your New Year Trading Resolution? Is Your Stop Loss Too Tight ? Nial Fuller’s Price Action Forex Trading Course. Hey Nial, You are always on point. The Authority’ on Price Action Trading.
In 2016, Nial won the Million Dollar Trader Competition. Daily Trade Setups Newsletter – Click Here. The EURUSD fell lower again last week as the downtrend that has been in place for about the last month, continued. Traders can watch for price action sell signals this week up near 1.
The trend is up in the USDJPY after a strong break and close above 107. Price rotated lower late last week, within the uptrend, and is now approaching the key support area between 108. As we have discussed in recent months, the Crude Oil market is and has been in an uptrend for several months now. Support is clearly down between 66.
Following a break and close below previous key support near 1300 area, Gold has shifted from a sideways trading range structure to a near-term downtrend, and we are looking to sell as a result, as we discussed last week too. 1325 area and price should struggle here in the short-term. We are looking to be a seller on strength this week on a 1 hour, 4 hour or daily chart sell signal. In the members’ daily trade setups newsletter, we discuss potential trade setups and provide detailed chart analysis on Currency Pairs, Commodities, Stock Indices and more. Technical Chart Analysis by Nial Fuller, Nov.
Nial Fuller’s Price Action Forex Trading Course. Forex brokers will rarely teach traders good money management skills, though almost all brokers will offer some sort of education, therefore it’s important to also learn on your own. The main idea of the whole trading process is to survive! Survival is the first task, after which comes making the money. One should clearly understand that good traders are, first of all, skillful survivors.
Those who also have deep pockets can additionally sustain larger losses and continue trading under unfavorable conditions, because they are financially able to. For an ordinary trader, the skills of surviving become a vital “must know” requirement to keep own Forex trading accounts “alive” and be able to make profits on top. As you can see, this simple decision — a money management approach — can have serious consequences if misjudged. Forex trading is a high risk investment. All materials are published for educational purposes only. It seems pretty obvious that the more complicated we make trading, the harder it’s going to be to make real money trading forex.