I strongly believe that the way is just to learn, I'm trying my best to learn and
master the price action.
Once
you master price action trading and learn to read the levels and dynamics in the market, you will be able to make a pretty accurate estimation of the potential of any setup before you enter.
What I am going to share with you guys today is something that's as close to a «secret» to trading success as you will find, and I hope after reading today's lesson you guys have a sense of confidence and direction about how best to proceed in becoming a «
master price action trader»...
First
master the price action set ups and after that only try fix $ risk method on demo account.
I can not force you to manage your money correctly,
master price action trading, or remain disciplined over a long period of time, but if you are truly serious about having a career in trading, you will have to dig deep within yourself and muster up the motivation to do these things and forge the proper trading habits.
Like to
master price action trading.
Cut the time you need to
master price action trading.
Dear Nial, i think it can be taught but you need to have the drive for this and i am not quiting until i have
mastered price action trading.
This article will discuss why focusing your efforts on
mastering price action analysis, instead of worrying about how much money you can make, will help you develop into a successful Forex trader much faster than what would otherwise be possible.
Dear Nial, i think it can be taught but you need to have the drive for this and i am not quiting until i have
mastered price action trading.
Now, flawless execution of your edge means you have
mastered price action trading, you have a concrete and practical Forex trading plan, you are tracking your progress in your Forex trading journal, and you effectively manage your risk on every single trade you take.
However since
I mastered the price action set up I have been exercising ALMOST if not everything you have mentioned above and my trading plan is almost similar to the example you have given above.
I am thus focusing on
mastering price action strategy and trading plan development and hope this will help beef up my confidence.
Once you have
mastered the price action strategies that I teach, you can very quickly conclude from your trading checklist or trading plan whether or not various elements of a high - probability price action setup are present and if the confluence requirements are met.
So, if you are equally confident in every trade you take, because you have
mastered price action trading, there really is no reason to risk substantially more or less on any single trade.
The point is that a good trader, who has truly
mastered price action trading strategies, as well as their emotions and overall trading mindset, will trade a $ 1,000,000 account with the same skill that they would a $ 1,000 account.
You've got to remind yourself that each trade setup is just another execution of your edge, and if you have
mastered your price action trading strategies and follow your plan religiously, you will have a high - probability edge to trade with.
Whilst I can not make any bold promises to you, I can confidently say you that if you truly commit to learning and
mastering the price action strategies and general philosophies I teach in my trading courses you will start to make great progress toward simplifying your trading and dramatically improving your trading results.
After
mastering price action, you will trade with price action and a overtrading issue.
Not exact matches
Thanks Nial for making me understand the
price action better, been stuck in the indicators and blowing acounts but now im doing better and trying to understand and
master the craft of the key support and resistance method.
This is especially true for a
price action trader, since
price action strategies can be applied to any market; once you
master them you really can trade any market you want.
As I have said,
price action is like reading a book from left to right; you have to know what happened on the previous page for the current page to make sense... this is a skill
mastered with education / training, time and experience.
After accepting that you need to learn how to trade based off simple
price action strategies, you need to take the time and make the commitment to truly
master them.
A by - product of being passionate about trading and truly
mastering the art and skill of
price action analysis is that you will naturally start to attract money to yourself.
This process of
mastering one piece at a time should be repeated until you have
mastered all aspects of your Forex trading strategy, in the case of my
price action trading strategies it means
mastering one of the setups that I teach at a time, on the daily chart, before learning a new one.
I suggest to all of my students that they learn to
master one of my
price action strategies at a time on the daily time frame before the moving on.
• Consistency in sticking to an effective trading method like
price action, helps you
master your trading strategy and gives you a real chance to see if your trading strategy is truly worth using or not.
As traders, it helps to always expect a random outcome from our trades, even though we may have
mastered a high - probability trading edge like
price action.
Once you have learned and
mastered an effective trading strategy like
price action, you then need to formulate it into a trading plan.
As a
price action trader, you can learn to find the «easy» trades by
mastering one trade pattern at a time and then recognizing when that pattern is present in the market.
One proven method that will help you stick to
price action trading is to decide to focus on one
price action setup at a time and really
master it.
Thanks Nial for making me understand the
price action better, been stuck in the indicators and blowing acounts but now im doing better and trying to understand and
master the craft of the key support and resistance method.
If you have not yet
mastered an effective trading strategy like
price action to forge your own Forex trading plan from, you should check out my
price action Forex trading course and members» community.
thank u so much for all ur educational tips, really,
price is the king, and every trading strategy is simply a derivative of
price, so it really makes sense to focus on
price action formation, not just in the air, but at key levels.trading is not really that difficult, what is difficult about trading is
mastering urself and sticking to ur trading plan.
We are not going to trade EVERY signal, miss some, lose some, win some, the winners should offset the losers with
price action trading —
master one, its achievable to make profits with
price action trading.
If you have truly
mastered the skill of analysing
price action, these real - time analysis records will be the proof.
But, traders need to understand that in order to make consistent money in the markets they must first
master a trading strategy like
price action, build a trading plan around it, manage risk effectively and with discipline, and not stray from these primary tenants of successful trading, if you can do these things you will see your trading account will grow slow but consistently.
I have long preached the value of
mastering just one
price action setup at a time.
All you need to do is
master one
price action setup and trade it over and over each time it comes up in the market, with discipline and proper risk management of course.
So you need to remove hesitation and indecision from your mind, and the way you do that is by
mastering one trade setup at a time, and in the case of my methods, that means one
price action setup at a time.
The point is that trading the markets with a feeling of «need» results in you focusing most of your brain power on money and profits and much less of it on managing risk and
mastering an effective Forex trading strategy like
price action trading.
I touched on this earlier, but simplification of your trading is another huge reason you need to
master one
price action setup at a time.
Nial said to have this two keys, number 1; Understand risk reward and forex money management, and number 2; truly
mastering a highly - effective trading strategy like
price action.
The reason why the majority of traders lose money is because they number 1; don't understand risk reward and forex money management, and number 2; they have not truly
mastered a highly - effective trading strategy like
price action.
• Forget about the money and instead become «engrossed» in
mastering an effective yet simple trading strategy like
price action.
Also, when you do not have a trading strategy
mastered like
price action trading on the daily charts, you are naturally going to be more confused and thus less confident than you otherwise would be.
This is especially true for a
price action trader, since
price action strategies can be applied to any market; once you
master them you really can trade any market you want.
Being a forex trader for years, it has not been too easy due to market conditions, but technical analysis and
price action is a must to
master in forex trading.
I will be taking keen interests in the market change and
master one
price action strategy and apply it.
30 minutes a day is all you need if you are focusing on the daily charts, this is of course after you have
mastered an effective trading strategy like
price action.