Any one here buy Nial Fuller trading course?

[cams75]

I nearly bought his course, but didn’t because of his position on not trading lower time frames. His free article on his site about Risk/Reward is absolute gold if you apply it. He also fixed my thinking about stop losses. You don’t adjust your stop loss to fit the amount of dollars you want to risk, but instead adjust the lost size so that the amount you want to risk fits into the stop loss.

This creates a dilema. If you have a $1,000 trading account and are willing to risk 5% on a trade, then you’re risking $50. Now let’s say that you follow the concepts laid out by Nial, specifically, that you target a 1:2 risk reward ratio or better and fit the risk to the stop size.

So you pull the trigger on a daily chart pinbar signal and stretch out your $50 to fit into a 30 pip stop loss on a daily chart targeting a 60 pip take profit. Let’s say that you let the trade run for 3 days and your T/P is hit. That’s all fine and dandy…but it took you 3 days to do it!

See the dilema? If you’re risking a flat dollar amount of your account and only using daily charts, how will you find enough signals to grow your account? Doesn’t it make more sense, if you know that you only have to win 40% of your trades to make money at a 1:2 ratio to find a system that works on the M1, M5, or M15 charts which gives you that 1:2 at least 40% of the time?

You’d want to find a machine that cranks as many times as possible in order to earn the greatest return over time. Isn’t that what a casino does? Nobody thinks that a casino is really gambling. Not on their side of things. Their edge guarantees that they’ll always win over time. No casino has gone out of business because it lost too many times at craps. In the same way, if you can find a system that wins 40% of the time at a 1:2 Risk-Reward ratio, then you can, in essence, take the position of a casino in the world of trading.

Anyway, I didn’t buy Nial’s course because of this. I don’t plan on trading on the daily charts, so I didn’t invest the money. But I almost pulled the trigger because the free info was presented so well.

Do you really think pro traders trade the 15minute chart. One trade a week is all you need to double your money every 12 months.

[Banker928]

Do you really think pro traders trade the 15minute chart. One trade a week is all you need to double your money every 12 months.

A lot of pros only trade the 5 min chart…

[mcrious]

there are pro scalpers and also pro traders that trade tick charts combined with min chart.
as pro traders i mean all persons who live from what they earn trading,not only big players like funds and banks.

[2ndSkiesForex]

Hi
I know its an old post but i answer also for others having the same question.
I demotrade first for a few month before loosing money(i lost already some !).for now I traded demo a very simple candleformation about higher highs8and lower lows at the close) and price levels for 2month and was able to start with 5000 and have now 30K only looking max 60min all together at the charts.(EURUSD and EUR JPY).

Hello Mcrious,

Hmm, turning 5k into 30k, the only way you could do that in 2mos is by a) using high risk per trade and b) trading a lot per month. There is no way you could do that trading only higher time frames like 4hr and daily as there would not be enough trades to do it, unless you were risking huge % equity risk per trade.

But all of this is meaningless as its demo trading - if you can repeat it live, that is a different thing.

But for those interested in learning to read and trade price action, feel free to see the my thread on Forex Price Action where I teach both intraday and higher time frame trading as there is no one size fits all approach, along with traders making money on any and all time frames.

I also share many of my live price action trades with the actual charts from my broker showing entry and exit, with a recent example of a +1230 pips profit trade.

Try doing that trading daily charts only. Or ask yourself a more important question, which is how many times will you find setups like that on the daily chart?

Food for thought, but a good price action trader can trade any time frame and make money on multiple time frames, both intraday and higher time frames.

Kind Regards,
Chris

[mcrious]

Absolutly correct and smart observation.
I tried to focus on the first question cos He told He is new to forex and if the course is useful.
when i finished work i traded 15min and 5 min charts with double the pos-size.when i trade normally i had 1Lot/5K and max two pairs.
i tried also for the first time price action cos i wasnt successful on long term ,demo and also live with other systems(fibs and trendlines).
But i was amazed how simple it was to apply and how much time is needed for it to see a trade worth it to take.

But i am willing to learn more all the time so i will take a look.

Best Regards
martin

[pips4christ]

dont know what i said that got me flagged… i just answered a simple question… without getting into detail so i lose my account, basically i hope its not a crime to say that the free site that nial has is pretty much all you need. his tips helped me alot, and these two months following his site were my two best months yet. I have no financial gain by telling this since i havent given a website. so if i get flagged, this site is biased and i will take my experiences elsewhere. anyways in a nutshell, he his NOT. i repeat NOT a scam!!

[pips4christ]

A lot of pros only trade the 5 min chart…

why sit in from of the monitors all day. I have better luck (with less “noise” and better risk to reward ratios) trading the daily charts. This way i can have a life with my friends and family, without haveing sleepless nights being glued to the screen trying to get a few pips at a time… just saying what works for me thats all

[perryfx]

why sit in from of the monitors all day. I have better luck (with less “noise” and better risk to reward ratios) trading the daily charts. This way i can have a life with my friends and family, without haveing sleepless nights being glued to the screen trying to get a few pips at a time… just saying what works for me thats all

Cannot agree with you on most of the points here. I am trading lower time frames & not trading whole day. Few hours in front of the charts are too enough for me. I am consistent and have a handsome risk and reward ratio of more than 2:1 with higher hit rate.

I would like to show you perfect example of clean lower TF chart with no noise.

http://forums.babypips.com/newbie-island/45414-understanding-price-action-chris-capre-39.html#post446494

See, we can easily enter higher probability trades with higher R/R ratio as per the chart. Similar trading opportunities can find on lower time frames. No need to wait for long to identify these kind of trades

[system]

Thank you for this normal post. I like what I read. You are honest. I agree.Am beginner I cant ever afford 325 $ but maybe in it own good time ,maybe tomorrow a miracle happens for me too. I would like to be friends with you and please do accept me if you will. my skype is vladymk. It is that we think similar according to this post of yours and I ca use some more experienced opinion like yours.Glad I read this.

[system]

how much did you pay for yin yang?

[str8]

I like to know if anyone here purchased Nial Fuller forex trading course and was it worth it? I mean for $337 is it worth to buy? I am very new to forex. And I want to learn as much as I can before trading with real $$$. Thank you.

I haven’t purchased his course but read his free articles. I doubt he is a winning trader. A lot of his advices are flawed. Pretty sure he wins only from his course fees not from trading. There are still some good articles but a beginner doesn’t know to make the difference between good and bad advices. So I think it’s not worth it. I would say buy his course only if he can make the prove he is a winning trader. If he can’t make the prove, why would you want to make him rich?

If you want to learn price action I highly recommend james16 chart thread from forex factory. It has all you want to know to be a winning trader and it’s free. The thread is big but you can read only mbqb11 and jarroo posts. There are 2 trading methods in that thread, first is james16 method (read mbqb’s posts, he explains better than james16) and the other is jaroo’s method. I was a loser until I started to read that thread. Especially mbqb11’s posts helped me a lot.

[system]

Thank you for reply I will check it out for sure! his free stuff is great I have tried it so wanted to get in touch with someone who practices it since can not afford the course but want to learn more.

[Kevin_LaCoste]

I haven’t purchased his course but read his free articles. I doubt he is a winning trader. A lot of his advices are flawed. Pretty sure he wins only from his course fees not from trading.

It’s quite possible. All I know is that he’s been banned from babypips and forexfactory, which is a red flag in itself. From what I read, he seems to teach a subjective, discretionary style of price action trading.

[fjanos]

… how many times will you find setups like that on the daily chart?

Food for thought, but a good price action trader can trade any time frame and make money on multiple time frames, both intraday and higher time frames.

I’m studying Nial Fuller’s free price action methods and reading his blogs and I discovered in several pairs that few setups happen the way He’s showing it and sometimes are flawed too. I’m mean one could get tricked very easily on the charts if follows Nial’s way. Is there any newbie with a similar experience?

[system]

you wont get tricked fakies happen and sometimes pa is not as we expect,so we call it flawed. d1 has good pointers. I folowed his pin bars and stuff and it is good. I have no money to get the “course”.

[fjanos]

I haven’t purchased his course but read his free articles. I doubt he is a winning trader. A lot of his advices are flawed. Pretty sure he wins only from his course fees not from trading. There are still some good articles but a beginner doesn’t know to make the difference between good and bad advices. So I think it’s not worth it.

I discovered that Niall’s method misses many reversals too. Only few times happens the way He teaches. His educational charts are just PERFECT and one would say WOW! but in the real life nothing is like that. I don’t have $315 to spend on this. If it was like 50$ than I’d give it a try.

I highly recommend james16 chart thread from forex factory.

I checked that but it’s a Forum thread with 2600 some pages which He started in 2005. Who has the patience and discipline to read all that.

There are a lot of other resources out there for free that can teach you a lot

Yeah that’s the problem there are many but all teaches the same don’t go into details one can get stalled. Anyone who could recommend a good tutorial site. Not Forum threads please:51:

[Trasimaco]

I discovered that Niall’s method misses many reversals too. Only few times happens the way He teaches. His educational charts are just PERFECT and one would say WOW! but in the real life nothing is like that. I don’t have $315 to spend on this. If it was like 50$ than I’d give it a try.

I checked that but it’s a Forum thread with 2600 some pages which He started in 2005. Who has the patience and discipline to read all that.

Yeah that’s the problem there are many but all teaches the same don’t go into details one can get stalled. Anyone who could recommend a good tutorial site. Not Forum threads please:51:

And would you also like the money directly deposited into your account? Isn’t it?

If you think there are shortcut then you are very wrong! Sorry If I may be sound harsh. There are not short cut. Put on the table hard work and lots and lots of hours. That is the recipe of success.

[Trasimaco]

I discovered that Niall’s method misses many reversals too. Only few times happens the way He teaches. His educational charts are just PERFECT and one would say WOW! but in the real life nothing is like that. I don’t have $315 to spend on this. If it was like 50$ than I’d give it a try.

I checked that but it’s a Forum thread with 2600 some pages which He started in 2005. Who has the patience and discipline to read all that.

Yeah that’s the problem there are many but all teaches the same don’t go into details one can get stalled. Anyone who could recommend a good tutorial site. Not Forum threads please:51:

I am sorry but if you don’t have the patience and the discipline you won’t succeed in Forex.

[fjanos]

And would you also like the money directly deposited into your account? Isn’t it?

If you think there are shortcut then you are very wrong! Sorry If I may be sound harsh. There are not short cut. Put on the table hard work and lots and lots of hours. That is the recipe of success. 

Nobody was talking about shortcuts. I don’t want the easy way. I just finished a 102 paged book talking about PA. I read it twice and the part I didn’t understand google it and watched video. I’m talking about writings (forum threads, blogs, articles) that explain them well. At a Forum thread when someone replies to a topic than it goes to that direction and then everything just gets lost in the forest. That’s why PDFs, single blog post exists. a 2600 pages forum thread I don’t think anyone has ever learned from that. Ok maybe those who followed the first 10 pages. I’m talking about stuff that can help to understand better this issue. Anyway I’m still waiting some suggestions.

[Mideel]

About James16 thread, I only read the james16 post until 50 pages…

At first he posted a lot but later on after the private forum has been build he seems like to only chat in the forum and sometimes posted some good screen shots.

I wonder who are mbqb11 and jarroo.

Are they good ?