This article is going to provide you with detailed insight into how an experienced Forex trader thinks about and trades the market on a day to day basis. So, grab your favorite beverage and enjoy this article about how professional traders actually trade the Forex market. Most professional Forex traders do not waste their time trying to trade short time frame charts. Instead, they spend their precious time taking in the bigger picture of the market, through careful and skilled analysis of the higher time frames. Higher time frame charts contain a more accurate and meaningful view of what is taking place in a market. Successful Forex trading is not about spending massive amounts of time staring at the charts until your eye balls burn. To succeed in the markets you have to develop a meaningful perspective that allows you to see the aggregate bias in a market, and higher time frames simply do a better job at this than lower time frames. Thus, most professional traders spend their time analyzing actually frames of the four-hour chart and higher, the one-hour time frame can be useful for refining entries, but anything less than this and you are simply rolling the dice. So, step one to trading like a professional is to fully accept that higher time frames display a much more accurate and useful view of the market than their noisy lower-time frame counter parts. The bottom line is that to fully develop your Forex trading skills you need to learn to trade the higher time frames before you do anything else. As a result of trading higher time frame charts, many pro traders are much more precise and efficient than their amateur counter-parts. One of the primary mental road-blocks that prevent so many traders from making the consistent money they desire, is erroneously believing that interacting with the market more, and trading more, will result in them making more money. The truth of the matter is that trading more frequently has no positive effect on your trading results. In fact, statistics show that traders who trade relatively infrequently consistently make more money on average than day traders what traders who trade very frequently. So, most professional traders trade higher time frames, and as a result of this they trade less frequently than what most people might think. The easy prey in the world of Forex trading only comes to those traders who know exactly what they are looking for, and who also can wait patiently until what they are looking for presents itself to them. One of the primary differences between amateur and professional Forex traders is that amateurs tend to jump into the game too early, before they really know what they are looking for or before they have truly learned to master one Forex trading strategy at a time. Whereas a professional trader never feels like he or she is guessing, they come to the market every day with a definable Forex trading plan, be it in their head or written down on paper. The key point to take from this topic of precision trading, is that pro traders know exactly what their edge in the market is, and then they execute it with flawless precision and confidence. There is no haphazard second-guessing or over-trading in the world of actually Forex trading. Professional traders know this fact and they use it to their advantage by taking significant chunks out of these moves each week. The bottom line is that pro traders know what Forex currency pairs they prefer to trade, as well as the best times to trade Forexand these factors contribute to their overall Forex trading strategy Perhaps surprising to some, is that most pro traders do not rely heavily on economic news or other fundamentals to enter and exit the market. This is typically why when XYZ actually does happen, price tends to react opposite from what common sense would suggest; because there is now nothing to expect from the event. Professional Forex traders thus operate on forex framework of understanding price dynamics and basic market mechanics. The edge that I use is simple price action trading strategiesthese strategies have served me well over my years in the markets, and it is what my Forex trading training focuses on. Since I became a memeber 1 month ago I have actually transformed to a new trader without stress. Thanks for the insite into professional trading. It is a lonely forex and I often wonder how do you become a professional and how they go about looking for a trading edge. Really appreciate your thoughts, Actually sence, and Experience, Am a newbie, 4 months, and down 40K, This past week based on the goodies I have learned from you, I picked up 2k. Great article Nial, as always. Every day that goes by makes realize more and more that I made the right decision to buy your course, its everything you said it would be and more. I really appreciate your site. I am going to trade price action only until I learn how to profit consistently. Never tried price action trading before. I send everyone to you as my FIRST CHOICE in training. I refuse to trade with any one who does not have a good idea of the principles you teach. This article is just another great example. You have taught me alot through your videos! I combine pinbar setups with fundamental reports released around the London open and I use 4-hour and daily charts for trend identity analysis and a 1-hour charts for my entrances. Normally, my trades last 3-hours and no longer than the New York close. This works for me tremendously. Thanks for all your help Nial!!! Patrick as previously mentionedi have paid thousands to be mentored by others and have never had the kind of success or support i get from Nials course, his support is amazing. This article is like a wrap on your trading methods Nial. Step back — look at the big picture — what your method — know yourself — keep it simple. Thank for all your mentoring. I remain your disciples, Olusola Nigeria. I quite agree with your articles. Everything else trails price action. Please can you do an article on how to trade the BIG candles appearing on daily and 4hrly charts? Hi You are the best forex trading teacher taht I have come across. You method have made a step closer to being a trader,when I have enough money i will surely purches you teaching to educate myself and my children,eccellent stuff well done ace what may god bless u, coz u r very honest and if u open ur brokerage i will invest with uciao ciao Great insights in your article. Thanks for reminding us to stay in synch what the big movements. Truthly eye openning as beginner like me,it give inspire to reach that destiny. I am working on to be a perfect trader. A trader who has some forex experience with the market and paid the price as a loss for learning, can understand the true value of your article. Thats trading for you I like the part on the fundamentals although I cannot fully understand it. I am already a member, and I appreciate everything you do. Your daily commentary is superb. Cheers Nial, I am about to join your forex course and trading group, your articles are inspiring and educational. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. No representation is being made that any account will or is likely to achieve profits or losses similar to those forex in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Flannery says March 18, at pm Reply Clive says March 18, at pm Reply David says March 18, at pm Reply UCHE says March 18, at pm Reply Leave a Comment Cancel reply Your email address will not be published. Here Are 5 Tips that Will Give You an Advantage The Top 10 Ways to Quickly Improve Your Trading What Is Technical Analysis and How Do We Trade with It?
Forex Trading Strategy Webinar Video For Today: (LIVE Monday, November 7th 2016)
Forex Trading Strategy Webinar Video For Today: (LIVE Monday, November 7th 2016)
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