The Authority’ on Price Action Trading. In 2016, Nial won the Million Dollar Trader Competition. Nial Fuller’s Price Action Qualities of a good forex trader is a good forex trading platform Trading Course.
Part 1: What Is Forex Trading ? This free Forex mini-course is designed to teach you the basics of the Forex market and Forex trading in a non-boring way. I will try to make this tutorial as fun as possible so that you can learn about Forex trading and have a good time doing it. Forex is a product quoted by all the major banks, and not all banks will have the exact same price. In 1876, something called the gold exchange standard was implemented. It was a good idea in theory, but in reality it created boom-bust patterns which ultimately led to the demise of the gold standard.
The Authority’ on Price Action Trading. In 2016, Nial won the Million Dollar Trader Competition. A better trade entry can significantly improve the risk reward potential of a trade as well as get you a better stop loss placement which can decrease your chances of getting stopped out of a big move in the market. What are some things you can do to improve your trade entries? Today’s lesson will outline 4 tips for making better trade entries that can help you improve your trading results if you practice them consistently. Using limit orders to get better prices A limit order is a pending order that you place above or below the current market price, depending on which direction you’re trading.
If you’re trading long, you place a limit buy entry below the current market price, then, IF price rotates down into your limit buy order, you will get filled long. If you’re trading short, you place a limit sell entry above the current market price, then, IF price moves higher into your limit sell order. Limit orders give you the power to get into a trade at a price of your choosing. You have to be prepared to miss the trade, but as we discussed above, the advantages of a better risk reward profile on the trade and increased flexibility in stop loss placement are nothing to sneeze at.