• Fear of placing trades You feel un-confident about which trades to take and which to pass on, this results in you getting “stage fright” and not trading at all, thus missing out on some good opportunities.
US Dollar Index - Real-Time Currency Trading Charts for
In all, you are a very successful trader, a sincere and passionate educator/mentor and speak the truth that so many struggling traders NEED to hear!
Forex Market Analysis –
i really appreciate ypur articles, i have blown my account lyk 5 times but this year i decided to only focus on the daily chats and thanks to your advise my account keep on growing and growing nyc6
I have been trading FX for several years and periodically visit your site and read your articles. I totally agree with your trading advice which is to trade the bigger timeframes. The the proper application of money mangement and a robust strategy a trader you invariably make money. Making money from the markets is really as simple as Nial demonstrates. I would like to add that it is very important to let your profits run. Don 8767 t panic and take the money. Protect your trade by moving your stoploss as your trade moves into profit. Safe trading everyone!!
I know what you mean about getting a clearer more accurate picture, but the problem with it from paper-trading standpoint is that there aren 8767 t enough signals to trade and build the confidence that it takes to trust your system enough to not abandon it when things go wrong. I have been using your strategies on the 6 hour and shrinking it down to the 6 hour and it seems to do fairly well. This gives me more signals to trade on paper to build confidence. Funny thing is that going down just 7 hours to using the 9 hour as a base really seems to invite more noise. I want to be very safe and sure of my ability to trade the strategy before I go live, so I need more signals!!
As always what a wonderful article. The same thing happened to me as what Chris pointed out in his mail. My 8775 Guru 8776 also told me trade 5min chart and I have experienced the consequences. The really bad thing about is that you are so addicted to it and struggling to come out of it. I think this will be a good lesson for traders like me.
all the books Ive read and the videos I have watched has never sound this easy, I wished I knew of your knowledge when I was blowing money or should I say giving away money.
How is that possible you might ask? Well, I’ll bet if you go look at your trading account history right now you might just find the answer yourself. You see, most of you are losing money because you are trading too often, and you are trading too often because you are fixated on over-analyzing the market, Forex news variables, and lower time frame charts (I consider any chart under the 6 hour to be “lower time frame”).
Thanks Nial. U are so on point. Av blown my account severally bcos i didnt know which time frame to really trade. Always boxing up everything but now as am preparing to hit the fx market again and very sure to blow after trainings like this. Thanks Nial.
Nial it 8767 s an honor to have you as my Mentor. All the time i review your articles better trader i become. The best thing about your articles and your course it 8767 s that, with all this good information you give me, it alouds me to do my own plan, with my own ideas, on my own time.
Thanks a lot Nial