How Does a Pro Trader Actually Trade?

Nial Fuller's recently article "How Does a Pro Trader Actually Trade?", provides a very insightful synopsis of what pro trading is all about. If you are new to the world Forex, or to trading in general, you should probably check out this article as it really discusses some points that most people simply do not consider when they being trading the markets.

Nial Fuller really does a good job of explaining his insights into the world of an experienced trader, it is quite apparent that he has been around the proverbial block for quite some time now and really knows what he is talking about. I look forward to his trading articles each week as they have really helped me in all aspects of my trading; from the strategy aspect to the emotional aspect.

The Fakey Setup

Here is a cool video on the fakey setup by Nial Fuller, it talks about how to trade the fakey: (click one of the links for the video)

"The fakey setup I traded in this video is a contrarian approach to the markets. While we are trading a contrarian setup we still want to trade the forex fakey in the direction of the dominant trend. Essentially we wait for a false break to occur and then trade back in the direction of the existing trend.

The reason the fakey is contrarian is because you are basically doing the opposite of what most other traders are doing. Instead of trading the obvious looking breakout as most amateurs do, when trading the fakey you wait for the breakout and then take a trade in the opposite direction but WITH the dominate higher time frame trend."

Pin Bars Working Great Lately

Pin bar setups have been working very good lately on the daily and 4hr charts. I have recently noticed and taken some excellent pin bar trades on the GBPUSD, USDCAD, EURJPY, CADJPY, and GBJPY. There have been some other ones too, but these are the ones I remember. I think it seems like if you take pin bars in the midst of an obvious directionally-biased market, they seem to work quite well.

If You Want To Learn To Trade...

If you want to learn to trade forex effectively in a no-nonsense, straight-forward and honest manner, and learn a trading strategy that has been used by many traders successfully for centuries, you will need to learn how to trade with price action.

Price action gets to the "heart" of the market, so you are able to get a clearer picture of exactly what price is doing, has done, and may do in the near-future. Many traders get caught up trying to over-analyze lagging indicators and / or robot trade systems, these methods of trading are simply a waste of time because they do not teach you how to effectively analyze a raw price chart or understand what really makes the markets move; price action.

GBPJPY 4 hour pin bars

The GBPJPY has performed stellar on the 4 hour chart lately. Traders could have easily gotten a piece of this large up move by buying a break of either of the two pin bars marked below. I actually traded the second pin bar and took about 200 pips out of the market for a risk / reward of 1:4 ! Truly excellent trading. This is how you trade simply and effectively, using price action setups on a plain vanilla price chart, I learned these from Nial Fuller. There really is no need to invent some new way of trading when you can learn price action trading that has made many traders a lot of money over the years. Nial puts a unique spin on the way he teaches it plus I just really like his Australian accent (he he), so that's why I choose to learn from him. Really happy with what I have learned.

10 biggest forex trading mistakes and misconceptions

Nial Fuller's newest article "Top 10 Biggest Forex Trading Mistakes and Misconceptions" , just put out today, is a pretty good read. He really goes over what the major mistakes are that most traders make, he then gives some solid insight into these mistakes and directs readers to previous articles that give more information on each topic discussed.

For anyone looking to find out more about nial fuller's trading course, I suggest you read some of these nial fuller reviews, it is an unbiased review source that traders can check out to read some real testimonials that other member's of nial's trading community have written.

What all do you get with Nial Fuller's trading course?

After following Nial's commentary for a number of months now, I will say that his member's back-end commentary is really one of the most amazing learning tools ever. The thing is that when you buy his forex trading course, you get access to all course materials, member's videos / articles, the price action discussion forum, member's daily commentary, email support from nial fuller, and he adds member's articles and videos periodically. You get all this for a one-time fee, no on-going subscription fees like James16 group or anything of that sort. So, I feel like Nial's stuff is the best way to learn how to trade.