Monday, January 31, 2011

Risk / Reward and Price Action Trading

The recent article from Nial Fuller about risk reward and random entry really drives home the fact that you don't need a complicated trading system to make money in forex. If you combine the price action setups that Nial teaches with simple risk / reward scenarios of 1:2 or greater, you should make money over time, this is the basic theme of the article.

I think it's pretty hard to disagree with the article especially considering the fact that he includes a screen shot of the account statement that shows the trade history used in collecting the data. I think it really goes to show that Nial cares about what he is doing and about helping traders succeed if he spent 2 weeks collecting data about random entry and risk / reward, pretty awesome.


http://www.learntotradethemarket.com/forex-articles/forex-trading-random-entry-and-risk-reward/

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