Wednesday, February 23, 2011

How Often Do Pro Traders Trade?

The question of how often pro traders trade is a very good question that Nial Fuller aims to give some insight for in his latest article "How Often Do Professional Forex Traders Actually Trade". I found the article to be a very good read, very thorough and to the point, no BS or hype. The fact of the matter is that it appears that professional forex traders trade substantially less, on average, than what most amateur traders believe, or would like to believe.

Nial also discusses how trading frequency can affect your trading mindset and also the importance of simply being flat the market. I found this bit about being flat the market to be especially helpful and insightful, as it is easy to think you are missing out on something by not being in a trade at all times, yet many, if not most traders seem to forget that you can also lose money on any given trade, so if you lose money on a trade as opposed to simply never taking that trade, the position of being flat the market is actual profitable. A very very cool article by nial fuller review.



Monday, February 14, 2011

10 Biggest Forex Trading Mistakes and Misconceptions

Here is an excerpt from Nial Fuller's latest article, it's about trading mistakes and misconceptions and links you to a ton of other awesome articles to help you figure out how to correct your trading mistakes. Very cool piece of helpful literature from N.F...... again!

"All Forex traders tend to commit similar mistakes when interacting with the market. They also tend to harbor similar misconceptions about trading and what successful Forex trading is all about. This week’s article can be thought of as a guide to what the biggest trading mistakes and misconceptions are and what you can do to put an end to them. You should refer back to this article often to help you stay on the path to becoming a profitable trader. This article will give you some valuable insight and direct you to other relevant articles so that you can stop making the same trading mistakes and let go of any misconceptions you hold about Forex trading."

Check the article out here:

http://www.learntotradethemarket.com/forex-articles/top-10-biggest-forex-trading-mistakes-misconceptions/

Monday, February 7, 2011

Nial Fuller's article about indicators

The most recent article over at www.learntotradethemarket.com is about how trading with indicators can "destroy" your forex trading success. The article was really in-depth and even goes into explanation of how the Stochastic and MACD indicators are derived and this goes to further highlight the point that indicators are overly-complicated and unnecessary, while price action is simple and effective.

I think the article was very well written and really sheds some light onto exactly WHY indicators are bad, instead of just telling is they "area". The articles posted over at Nial's website make visiting the site worth it, so much free information in one place, it's a little bit overwhelming at first. But if you just take time and read a couple articles a day and watch a few videos a day, you will learn a lot in a short period of time. Very cool stuff.


http://www.learntotradethemarket.com/forex-articles/trading-with-indicators-destroys-forex-trading-success/