The Authority’ on Price Action Trading. In 2016, Nial won the Million Dollar Trader Competition. The story is that one of my member’s posted up this setup in the member’s forum and this alerted me to a setup that I otherwise would have missed. Anything above a 1hr chart is something that I forex fakey price action trading look at on the majors pairs.
I discuss the fakey setup extensively in my trading course. The trend was down in this setup and we had a swing point providing confluence of resistance at 163. Wow, how simple you explain trading. The truth of forcing the emotion in order to break the emotional control is so important. After being referred to your website from a friend it opened my eyes that I can be involved in the Forex market without having the 5 -10k account my friend plays with.
Adding to this is the fact that he enjoys my reflections on the chart even though he has given it real time and money. I look forward to learning all your lessons and applying them and sharing my trades without the gambling nature I have followed prior to this enlightenment. I know that you get this question daily. How much capital do i need to start up for day trading currency? Hi, In my eyes, the trader knows how much capital he is comfortable trading. That means what he can sleep at night trading and feel comfortable if he was to loose all of it.
As forex can be risky if you dont know what your doing, its best to start trading real money in smaller quantities until you become more confident. What kind of platform are you using? Not all meta traders versiosn are new york close sever time. Your email address will not be published. Notify me of follow-up comments by email. Notify me of new posts by email. Nial Fuller’s Price Action Forex Trading Course.