Saturday, August 15, 2009

My Reviews of Nial Fullers Course on Price Action Strategies

My Reviews of Nial Fullers Course on Price Action Strategies

When I was asked to write a review of Nials Price action course I was actually delighted and happy to do it. Mainly because of the way his course has turned my trading into something that will soon allow me to quit my day job and trade full time for a living. This was my goal from the beginning almost 5 years ago, however many times I had major doubts I would ever make it. Since I am really no writer I felt it best to describe how I met Nial and what his course has done for me.

One day as I was browsing thru the Forex systems and strategies section on Forex Peace Army when I saw a forum that asked the simple question. Has anybody bought Nial Fullers price action course and what do they think about it. There was only one review at the time but it was a good one so I decided to check out Nials website. I have heard many traders talk about price action however I found that not many teach it as a strategy.

When I first went to the site I thought to myself. This guy knows his stuff. So I started watching his free videos. After watching about six in a row I thought I had a pretty good grip on what he was teaching. There was so much content to his videos I almost thought that I didn’t need to buy the course however it occurred to me that he probably wasn’t giving the detail of the course in the videos. I am the kind of person that likes details when I learn new things. So I went ahead and bought the course. I was right there was a lot more to the course and being a member on his website has some good perks too. The forum is great and there are many traders that have been with Nial for quite some time that share trade setups on various pairs. Of course Nial does most the replying when students get things wrong but the people in there are a great tool to use while you learn.

After making the purchase with my credit card I realized that the address where they might be sending any materials in the course was my address in the US. Since I am currently living in the Philippines, I looked thru the site and found the phone number for customer service and called it to see if I could change that address before anything might be sent to the address in the US.

When the phone was answered I recognized the voice. It was Nial. He assured me there would be nothing sent to the address in the states because it was all online. After that we had about a 45 minute conversation and it was during that conversation I realized that my money was very well spent. We talked about his trading setups and his trading career. Then he said something that really caught my ear. It was that what he teaches is how the big boys trade. The institutional traders and how to track their money flow. That’s when I really got the feeling I was on to something big. I have since talked to Nial many times and we have actually become rather good friends.

As I was going thru the course about 3 or 4 times I knew this was going to make a major improvement in my trading. I could just look at my charts back in history and see that this method works. I started a new demo account to test Nials method out. I was actually amazed how well his method worked. I had taken 5 trades in one week. Two I got stopped out, but the other three worked out like clockwork. The really great thing was I added 25% to that demo account that week. I was amazed. I realize now that I did have some unusual results but I am still adding roughly 20% to my real account every two weeks to a month.

One of the many things I really liked about Nials method is that he uses mainly daily charts. Which allows me to only have to look at the charts for fifteen to thirty minutes a day rather than the two to three hours I was spending before. Thus making this easier on my family life also. After all I do still have a day job, however not for long thanks to Nials course.

What this forex course has done for me is literally change the way I trade and turned me into a trader that consistently makes money rather than a barely break even trader. Which was very frustrating before I met Nial. I am much more relaxed in front of the computer and the new found confidence in my trades makes trading a lot less stressful and a lot more profitable.


Before I wrap up this review I would like to share with you a couple of the things you will learn in your time with Nial Fuller .

The most valuable thing for me was the part where Nial shares the information on how the institutional traders operate and how they leave a price action foot print so to speak. This is one of his main and most used setups. I don’t want to give to much away but the Fakey is well documented in his free videos. There is more to this setup than in the videos. Even though Nial explains the setup very well.

You don’t need most all of the indicators you use and your charts will be so much easier to read and less confusing. I used to be big on indicators and I found myself more conflicted more so than not. This I think is one of the main reasons it was relatively easy to learn Nials method. I really liked it when I heard Nial say in one of the videos. Keep it simple stupid. It is so true and its been a belief of mine since shortly after I started learning forex. It just made sense that the more simpler your method is. The easier it will be to follow and stick to.

In short I have to say that Nials course has changed my trading life. Im just about suer I would have never made it without learning price action.

Thanks for sharing Nial

Chad

Visit Nial Fullers website Forex Training here

2 comments:

  1. Hi Chad, great review. I have heard quite a lot of great reviews of Nial's course and am interested in taking his course as well. I'd like to ask how is your trading now a couple of years later after your review? Has the method been applicable through this uncertain times in the currency market?

    By the way, I am from the Philippines as well hence I got intrigued with your review.

    Thanks a lot!

    Allan

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  2. Thanks for sharing this blog. The blog is very useful. Jaba Forex Training also provides price action training at best price.

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