The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (2024)

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The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (3)

NIAL FULLER
Professional Trader, Author & Coach

Nial Fuller is a professional trader, author& coach who is considered ‘The Authority’ on Price Action Trading. He has taught over 25,000 students via his Price Action Trading Course since 2008. In 2016, Nial won the Million Dollar Trader Competition.

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Forex Trading Articles by Nial Fuller The ‘Coffee Shop’ Forex Traders Movement

The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (4)

By Nial Fuller in Forex Trading Articles by Nial Fuller |95 Comments

The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (5)Here at Learn To Trade The Market we are introducing what we call the “Coffee Shop Traders Movement” today. This idea came to me recently as I was – surprise surprise – trading from my laptop while in a local coffee shop. I began thinking about how my trading has morphed over the years from messy, complicated and having a big trading desk with multiple monitors, to its current form which is mobile and minimalistic. Trading in this manner actually helps me to keep emotion and over-trading at bay, because rather than walking into an over-the-top trading room with 10 flat-screen monitors where I might feel compelled to enter a trade, I have everything I need to trade successfully on my pencil-thin Ultrabook laptop.

I have found over the years that if there’s what I call a “damn obvious” price action signal on any given day, I will be able to spot it and trade it just fine with only my laptop, whether I’m at home, at a friend’s house or at a coffee shop. I began to think about how trading in this manner meshes perfectly with the simple scaled-back approach that price action analysis brings…it really completes the package of minimalistic trading. This is in contrast to the façade of the stereotypical “trader” analyzing and trading the markets on a big stack of flat panel monitors while pouring over countless economic news reports and technical indicators all day.

The Coffee Shop Traders Movement is really a metaphor for the way that I trade the markets, and the way that many other traders now trade. Not only is it a metaphor, it can actually describe the way you really trade; from a coffee shop, if you want. That’s the beauty of it; simplicity in all aspects of trading leads to more freedom, flexibility, time and ultimately, money. Not only does it work to de-clutter your charts and your mind, but it’s also conducive to developing the trading habits that lead to success and will help you avoid emotional trading mistakes. Let me explain:

Why you should become a “coffee shop trader”

Recently, I’ve adopted a “minimalist” approach in my personal life that I had already been using in my trading for years. The way that you become a trader who can trade from a coffee shop, a sofa, or anywhere else, is by simplifying your trading, from the strategy you use all the way down to the hardware and software you trade with. I actually got the idea to “simplify” my personal life from the way that simplicity and minimalism had improved my trading. Just as reducing the clutter and variables on my charts worked to increase my time, money, and overall success level in trading, it had virtually the same effect on my personal life.

With global economic news constantly flooding our minds through the internet, TV and other mediums, a trader faces a near mountain of potential market-moving variables each day. By taking a minimalist approach to our trading, we can cut-through all these variables by simplifying our trading to the point where our market analysis and trade execution can be carried out in as little as two quick ten minute sessions per day, anywhere with an internet connection. As most of you know by now, the trading strategy I use is price action, and specifically I like to trade price action strategies on the 4 hour and daily chart. Once you get this technique down, you really don’t need a lot of time to check the markets each day for your setups.

Trading is perhaps one of the only professions in the world where doing “less” is better for you. Many people have trouble when they start trading because they are used to working long hours, studying long hours, and generally doing as much as possible at their job or school each day. Thus, it’s natural to assume this philosophy should apply to trading as well.

The problem with this is that your actions have exactly zero effect on the markets…all you can do is analyze them and trade a high probability strategy. After you have learned how to trade your strategy and you feel 100% confident with it, all that’s left to do is open up your charts two or three times a day, look for your trade setups and then either enter a trade, possibly adjust stops or targets from a previous trade, or walk away. This notion that you have to read forex news reports and sit at your computer trying to make sense out of 5 different indicators, Elliot Wave and what the guy on CNBC is telling you…is just ludicrous, unnecessary and counter-productive! So stop it!!

How to become a “coffee shop trader”

The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (6)Becoming a “coffee shop trader” is really the end result of simplifying your trading strategy, minimizing the time you spend analyzing the markets each day and generally just taking a calm and scaled-back approach to trading. Most traders start off in a somewhat haphazard manner, excited to get started but not yet certain of exactly what they are doing. Over time, we either figure out that less is more, or we give up all together. What I mean by that is that most traders over-complicate the trading process and experience a period of trial and error that is usually defined by losing money. They then either reach a point where they give up on trading all together, assuming it’s too difficult for them or that it “can’t be done”, or they come to the realization that all they need to do is chill out a little bit, solidify and simplify their trading strategy and just stop trading so damn much.

Perhaps the best way to get started as a minimalist “coffee shop trader” is to focus on the higher time frames, and more specifically the daily chart time frames. Focusing on the higher time frames works to smooth out the price action of the market for you, and it also provides you with a more pertinent or useful view of the market picture. Traders who focus on lower time frame charts often end up spending hours upon hours in front of their computers, analyzing the charts and watching their trades progress, tick by tick. It’s really easy to over-trade on low time frame charts, the more you look at them the more likely you are to think you see a trading signal that’s nothing more than random market “noise”. My mindset as a trader is that quality of trades is something I am far more concerned with than quantity of trades. This leads me to trade far less than most traders but it also allows me to have far less losers, smaller account draw downs and a lot more peace of mind, and most of all, more time.

I have found that the simplest approach, and the most effective one, is to simply wait patiently for my price action setups to form on the daily chart or the 4 hour chart (occasionally the 1 hour). I then execute my trade if my edge is present or walk away if it’s not. Most of the time I just let the market do the “work” and give my edge it’s proper time and space to play out, rather than messing around with the trade because I “think” the market will stop me out. It’s a funny thing that many traders have a solid trading edge but then through voluntary interference they fail to give their trades proper time to play out and this likely lowers the probability of their trading edge over time.

Trading higher time frames and low-frequency trading is much more conducive to most people’s on-the-go modern lifestyle. The idea with my “coffee shop traders” approach is that by taking a more relaxed and slowed-down approach to trading, a trader will work to forge the correct trading mindset and trading habits. This is in contrast to the frantic pace of day-trading and trading with messy charts or overly-complicated trading systems that many traders seem to prefer (to their own detriment). The majority of retail traders are people with full-time day jobs, and when they try to be “scalpers” or “day-traders” they simply put themselves in a very difficult situation right out of the gate since they don’t have the time they need to dedicate to trading short time frames. My opinion is that all traders should first master higher time frame trading and only after having found success on the 4 hour chart and above should they consider day-trading or scalping. Most traders seem to go in “reverse” by first getting attracted to day-trading and then later moving to the higher time frame charts after they find out that trying to make money on a 5 minute chart is something only a very experience professional trader should try.

Conclusion

The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (7)Whereas trading is sometimes thought of as a complicated profession that mainly the Ivy-league elite excel at, I teach my students to scale-back their involvement in the markets to the point where they can trade comfortably from a coffee shop or their own home with nothing more than a wireless internet connection and a laptop or iPad. Taking this simplified approach to trading actually helps most traders improve their performance since trading is a highly psychological profession that tempts many traders to become over-involved with the markets, giving rise to emotional trading mistakes.

The statistics suggest that somewhere around 90% of all traders fail in the long-run, thus, mainstream trading strategies and ideas, as well as the people teaching them are most likely leading traders down the wrong path. I believe that the way I trade and the methods I teach my students truly buck the trend of the cliché day-trader sitting at his or her charts all day basically gambling their money away in a very high-stress manner. The lure of Forex and futures trading sucks people in very quickly and inexperienced novice traders can very easily develop addictions to the wrong trading styles and habits. Sadly, these addictions can be very hard to break and often aren’t broken until the trader loses a painful amount of money.

Being a “coffee shop trader” is not something that just happens overnight. It really is the end result of having your trading strategy mastered to the point where you are 100% confident in your ability to trade it. This means, you can open up your charts, scroll through them quickly and easily determine whether or not there’s something worth trading. You aren’t sitting there for hours stewing over economic news, Elliott Waves, MACDs, Stochastics, or any other messy and unnecessary analysis tools. The coffee shop trader simply needs his Ultrabook/Laptop PC, an internet connection and his own finely-tuned trading skills.

If the “coffee shop trader” approach interests you, but you just need a solid strategy to get started, then I suggest you look at my price action trading course. Once you have learned everything I teach in it and truly mastered it, you’ll be able to flip open your laptop and almost instantly know if there’s a trade setup worth risking your money on or not. This is how I personally trade and I wouldn’t recommend any other approach to anyone, it sure as hell beats sitting around staring at the markets all day (and night) wasting your time and becoming confused and frustrated. If you follow my members’ daily trade setups commentary, it will act as an effective guide to the daily charts of some of the major Forex pairs each day and it’s an excellent daily companion to the relaxed style of “coffee shop trading” that we’ve discussed here today.

Good trading, Nial Fuller

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Any questions or feedback?Contact me here.


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The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (9)

About Nial Fuller

Nial Fuller is a Professional Trader, Investor & Author who is considered ‘The Authority’ on Price Action Trading. His blog is read by over 200,000+ followers and he has taught 25,000+ students since 2008. In 2016, Nial won the Million Dollar Trader Competition.Checkout Nial's Professional Trading Course here.

95 Comments Leave a Comment

Leave a Comment

  1. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (12)Dadizo

    Surprissly about reading coffee trading article,i thnk am going to deviet towards this simple approach towards trading

    Dadizo.

    Reply

  2. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (13)Mamfallu

    It’s a very good approach, I appreciate it.

    Reply

  3. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (14)JEAN

    A true metaphor that can be be used for KISS.

    Reply

  4. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (15)Rene John

    Thank u so much nail. I have learned a lot from you.

    Reply

  5. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (16)alireza

    thanx for nice vision of trading…

    Reply

  6. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (17)Ugwumba Emmanuel N.

    Thank’s sir for your great idea, great works and great advise. Trade what you see, not what you think.

    Reply

  7. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (18)APaul

    There is something about you I love when ever I see it I know there is a better day for me. Please keep the good work one day we share see in the future thanks Bro

    Reply

  8. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (19)Еlena

    Dear, Nial! All your articles inspire me, but this is a special article.
    “The Coffee Shop Traders Movement”. What a wonderful goal. I understand that I have to work very, very much so that one day I could open my laptop in any cafe, anywhere in the world (where there is internet :) and enjoy the process of trading …

    Reply

  9. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (20)sabelo mshengu

    I have learn a lot from your articles Nial and I see different,thank you for your time.

    Reply

  10. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (21)Amos Nsobila

    Reading your articles alone makes Forex trading simple yet very interesting.

    Reply

  11. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (22)Andrzej

    This is not an ordinary blog. It’s like the sun :)

    Reply

  12. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (23)Sibulelo Smango

    ThanxNial

    Reply

  13. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (24)Rahmat

    Before I uses 3 laptops to trade but I am now a coffe shop and bed trader by using my 10 inch tablet. After that I monitoring the progress via my pocket smartphone. Thanks Nial for great article.

    Reply

  14. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (25)Phetolo

    Hi my mentor. I was about to buy screens and screens, you just saved me from wasting money unnecessarily. Thank you Nail, you are the best mentor ever

    Reply

  15. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (26)coffeeshoptrader

    i was a coffeeshoptrader before it was cool

    Reply

  16. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (27)Ahmed

    Thanks Nial,

    Great article

    Reply

  17. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (28)Dhani

    Hi Nial..

    This article are inspiring and refreshing. I planned to have multiple monitor on the wall in my house for future trading monitoring so that during walking, sitting, I am able to monitor chart update.

    I plan to follow the hard and tense way for trading, But this article remind me to use relax and easy way to trade.

    You have end me before I even start and get out of trouble I may face in future before I even experience them!

    Thank you so much

    Dhani Wijaya

    Reply

  18. Thanks Nial, Great article and you are right..

    “Being a “coffee shop trader” is not something that just happens overnight. It really is the end result of having your trading strategy mastered to the point where you are 100% confident in your ability to trade it…”

    Very well said, we got to learn to crawl before we learn to walk.

    Reply

  19. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (30)Tshepo

    Nial this article serves as a reality check for me. You said “…. your actions have exactly zero effect on the market”, that was an eye opener. Thanks once again.

    Reply

  20. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (31)Adriana Ghidau

    Dear Nail

    Thank you so much for all you do and what you teach me :)
    I’ve never read so many hours in a row as I read your articles !!!
    You are the best and I’ll follow your lessons and articles forever ..

    Reply

  21. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (32)Adriana Ghidau

    Hi Nail ,

    I never trade before .Now I’m just practising with a demo acount and I have to say that reading your article Nail I discovered I’m a coffe trader .I look my chart only 2-3 times by day and in 1 week trade I made good profit .
    Someone told me do not trade on my Ipod ! But go home and trade on my pc ..So today I’ve had the confirmation I’m doing well and I’ll not listen that “someone” !!!Am I lucky to be a coffe trader by nature ???!!

    Reply

  22. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (33)Maira

    What’s up everyone, it’s my first visit at this web site, and
    article is really fruitful in support of me, keep up posting
    such content.

    Reply

  23. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (34)Bram

    Thank you Thank you Thank You

    Reply

  24. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (35)Colin

    I definitely like this idea. Good Coffee and an Ipad here I come.

    Reply

  25. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (36)Mykleman

    Agreed 100%, I in fact use my Backberry playbook. No indicators. Just a vanilla daily chart. Though I am a shares trader, so I don’t get many signals/trades in a month. The same principle applies though. All that IT clutter just messes up the KISS, Keeping It Simple & Successful. I still execute my positions by phone… hahahahaha, seriously I do. Dinosaur I am. Fantastic site though. Quality content!

    Reply

  26. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (37)Eve

    A am very happy for this article, actualy for all of them, but I read all when I already made or was making all this mistakes, and I have to figure out by my self, what is the right solution.
    And yes, I also came with idea to trade in a coffe shop or library.

    tnx

    Reply

  27. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (38)Dan Paveliuc

    Nial , you are one of the best Forex Educators in the World ! Big Like !! +10

    Reply

  28. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (39)naveen

    Thank you Guru. I am blessed to visit your site. Because until few months ago, I was not taking my dinner peacefully when I am in a trade. Now, even my wife doesn’t recognize whether I am trading or not?

    Trading is the ultimate business, which we do not need to get work from employees, manage firms and waiting for payments. We are the boss and we are the only servant.

    Reply

  29. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (40)debaycisse

    Yep!…..you are right, keep it up Mr. Nial

    Reply

  30. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (41)Robert Szymaniak

    Hi Nial,

    You speak my language bro :-) I thought I was the only one who’s sick and tired of all the fancy woodoo daytrading methodologies.

    I have a problem though. It would be difficult for me to become a coffe shop Trader because… I open my charts at 10 p.m! I guess there are no coffe shops opened at that time ;-)

    You run a great blog. I really enjoy it.

    I wish you all the best!

    Robert :-)

    Reply

  31. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (42)Igor

    I have setup windows XP and MT4 on server and access it from my Ipad throuh vpn connection. Last 6 months I hardly access my win server with my home PC or lap top. Mostly I access it through my Ipad, where ever I am. It works fine for me and since I have my MT4 on server, running 24/7 I can also use Trailing stop loss and not have my home PC on 24 hours per day. Great article again Nial.

    Reply

  32. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (43)Gbenga Oje

    Hi Niall i m very happy with ur lesson u sent to my email all de time i appreciated it Lord continue to bless u more.i

    Reply

  33. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (44)Mohammad

    Thanks Nial,

    Obeying the instructions of this article
    will certainly make a good coffee shop trader of me.

    Reply

  34. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (45)Moz

    Excellent artical. Trading EOD is the way most professional traders trade.

    Reply

  35. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (46)Keith Loy

    Yeah – this type of trading definately suits my personality and I’ve noticed that there really does appear to be bigger returns trading this way rather than trading the small time frames – Good article Nial!

    Reply

  36. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (47)Matthew

    This suits me well,as I spend half of my life at Starucks. Can’t live without Starbucks. lol

    Reply

  37. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (48)Domingo

    I agree 100% in what Nial is saying. I had proven it myself. I’d wasted US$ 20K for wild forex trading, triggered by my emotion and looking for tips everywhere. But what Nial teaches is simple, easy to follow and really adds money to my account, not the other way around.

    Thanks a lot Nial.

    Reply

  38. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (49)bambang sudarto

    Even I don’t trade yet. I am 100% believe in your idea in trading. Thanks.

    Reply

  39. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (50)Neil

    Another great article and very true, thanks again for the inspiration

    Reply

  40. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (51)ChristianStahl

    “your actions have exactly zero effect on the markets”

    – straight to the point.

    Thanks Nial!

    Reply

  41. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (52)Steven Tor

    I have just signed up as a member. I certainly look forward to learning more from you and these useful articles that you have written to guide traders in the right path of trading. Thanks Nail.

    Reply

  42. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (53)Marc

    Great Article Nial! Low frequency but profitable trading is our ultimate goal.

    Reply

  43. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (54)Sean

    I’ve totally switched to the Higher time frames,since
    I took the LTTTM course.Love the material.So true
    about spending to either finding a worthwhile
    setup or not.
    Thanks Nial

    Reply

  44. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (55)along

    I used samsung hp to trade most of the time.
    Small enough to fit in my pocket, i can do trade even
    In the toilet :). Just used mt4 mobile with naked price
    Action.

    Good article NIal

    Reply

  45. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (56)Mark

    It’s interesting how history repeats itself. London’s financial markets began in it’s coffee houses. It’s a bit fiddly but I sometimes use my iPhone.

    Reply

  46. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (57)Matthew

    I often trade from my samsung galaxy 3. It is a very minimalist way of trading because I have to draw levels with my eye. I think the one temptation with having your trading so mobile is that is it oh so tempting to look and watch the noise. Mt4 mobile has no weekly charts either but it is usually easy enough to see the trend on the daily chart and it has a nice white background, very clean. I’m thinking of going back to the laptop though because it helps me to set and forget. I think the challenge with mobile trading is the record keeping, you need to be organised digitally.

    Reply

    • The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (58)nial

      A laptop is required, you can’t analyze charts correctly on a mobile phone screen or app.

      Reply

  47. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (59)Bobbletog Flartybart

    Nial,

    I have been trading coffee shop style for some time, from hotels and even work – don’t tell the boss! I would say that it does’nt really matter where you trade from. If you know how to trade you should make money. If you are no good you will lose money. Amen!

    Reply

  48. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (60)John Brown

    Once again you have hit the jackpot

    Reply

  49. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (61)Michael

    Like your article.

    Reply

  50. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (62)Lyte

    Thanks Nial. I’ve personally come to except the daily and the 4 hour charts as being my favourite charts to analyse giving me more time to do other things knowing that I’m letting the market do the work for me. The results speak for themselves with your course the mindset couldn’t have been achieved.

    Reply

  51. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (63)Phil Leiba

    Another great article!

    Reply

  52. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (64)Hayes H.

    Thanks again for the much needed reminder of the importance of simplicity, Nial. I’ve been trading ‘off and on’ for about 8 years. I’ve actually given up a couple of times, but always mysteriously drawn back to the charts… I am dedicated to learning these methods, but the old habits are hard to break. need help.

    Reply

  53. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (65)ifeoma chukwuma

    this is a great lesson for we the beginers, thanks a lot. i need more.

    Reply

  54. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (66)Ruby Lou

    Another great article – thanks Nial.

    Reply

  55. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (67)Mick Hill

    well said – too many indicators cloud the picture…then there’s fear and greed!!
    Great approach – thanks. I don’t trade FOREX just mainly calendar spreads on energies but it’s the same philosophy!
    Nice work
    Mick

    Reply

  56. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (68)Dean

    Sound advice Nial. Thanks.

    Reply

  57. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (69)ed

    nice! think lean

    Reply

  58. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (70)Alex

    Get yourself on it mike! Since becoming a member my life has gone on a crazy roller-coaster that has finished up with me controlling it! My trading has depth and style now! I look back at my trading before LTTTM and can only think I made money on pure luck!

    Another Brilliant read, thanks Nial.

    Reply

  59. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (71)Mithun

    Cooll Article .. it is the only profession gives this much freedom to business person.

    Reply

  60. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (72)Pablo

    Every word sounds like music to my ears!
    Thanks Nial,

    Reply

  61. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (73)Jeff

    Hello
    Great read. For a coffee shop trader (trading daily charts) typically how many methods do you typically recommend? Mostly pin bars?

    Reply

  62. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (74)Keith

    Another great article. I have read so much contradictory stuff about trading. Your course is very clear, and makes perfect sense. This article just re-enforces the logic of keeping it simple.

    Reply

  63. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (75)Brett Reynolds

    Nial, This isn’t a deal you’ve struck up with Starbucks…is it.!!?? ;-)

    Reply

  64. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (76)Sachith

    Dear nial

    Grate article thanks.

    Reply

  65. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (77)James

    Great article Nial, I completely agree that the laid back approach method of trading is by far the best way to trade. I’ve been following your member’s area and articles for a year now, it’s taken a while to truly master the mind-set needed, but the more I do it the easier it becomes. I’ve spent the last 2 weeks on holiday, I’ve traded from a balcony overlooking the ocean, 15-20 mins max each evening, only 2 trades placed, 1 loss, 1 win, no stress, 4R total profit! Thank you for the continuous wisdom and knowledge you provide.
    James

    Reply

  66. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (78)Young

    Like your article. Looking to become your student soon.

    Reply

  67. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (79)Souto

    Ok Nial, thanks!

    Souto

    Reply

  68. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (80)Tom

    I’ll take a tall double espresso latte,

    Thank You!

    Reply

  69. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (81)Souto

    Hi Nial,
    another great article! This is the right espirit for trading,
    it is really possible to trade in a ultrabook 13”/laptop pc, macbook air 11” or 13” or even a iPad??? i think maybe it’s not very confortable, what apps do you recomend for this little machines?
    Regards
    Souto

    Reply

    • The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (82)nial

      Ultrabooks come in 14 inch and 15 inch screens Souto, not just small screens.

      Reply

  70. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (83)John Ibberson

    Hi Nial,
    For me your articles always arrive at the right moment of my learning curve, uncanny.

    Great Site,.
    Regards John

    Reply

  71. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (84)Wajdi

    On point

    Reply

  72. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (85)Samuel

    Dear Fuller,
    thanks a lot for this new piece, indeed to trade in simple manner is the best, reading your articles these days opened my eyes to something valuable

    Reply

  73. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (86)chynado

    thanks man.

    Reply

  74. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (87)Ellis Russell

    Nial Fuller is one of the few people I trust in this business. He is always spot on.

    Reply

  75. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (88)xiucui

    Agree. “Trading is a highly psychological profession that te,pts many traders to become over-involved with the markets, giving rise to emotional trading mistakes.” This is excatly who I am previously.
    Now really enjoy Forex trading life:)

    Reply

  76. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (89)Paul

    Hi Nial
    Surely you are making it seem too easy! Who wouldn’t want to “work” about a 3 hour week (from the comfort of their favourite coffee shop) and have all of that free time? If it were truely as easy as your article implies, wouldn’t everyone be doing it like that?
    Please note, I don’t wish to imply that this approach doesn’t work for you, just that it isn’t necessarily a ‘one size fits all’ solution
    All the best for a great weekend
    Paul

    Reply

  77. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (90)Darren

    All the news you need to read is on the daily chart.

    Reply

  78. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (91)Roman.

    Great! Magnificent article.

    Reply

  79. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (92)Tim

    Great stuff Nial. I do most of my trades on an iPad. Great charts and execution. It is a wonderful world. Pin bars on the daily charts is all I trade now.

    Reply

  80. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (93)Tom

    Fantastic!

    Reply

  81. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (94)Innocent Mcebo Mlotsa

    This was an interesting Lesson Nial , i can’t wait to buy the trading strategic course that you provide.

    Reply

  82. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (95)Stany

    Great,
    I also feel something changed about three weeks before in my mindset. Since that I opened only 3 trades all looking just perfect and 2 already targeted profit. While before I was many times in the market mainly becouse I wanted to feel that excitement of open trade.
    Now I just open my charts, write down notes of 4 pairs usually, then look again through all pairs I have chosen and trade just those where I dont havy any doubts.

    Thanks Nial, and have a nice day.

    Stany

    Reply

  83. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (96)Ramli M Salleh

    Thanks

    Great article and advice.

    Cheers

    Reply

  84. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (97)jeffrey jee

    Very useful articles for newbies like me to get better insight of Forex. Thank you

    Reply

  85. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (98)Max

    A well written and inspiring article, Nial – Thank you!!

    Reply

  86. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (99)Mark

    Couldnt agree more Nial. You might remember I emailed you a few weeks back for some advice as I was having a rough patch on the markets. Since then ive taken this approach to trading and ive made far better trading decisions because of it and as a result far more profitable

    Reply

  87. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (100)kamal

    Great article Nial.

    Reply

  88. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (101)Terry Witham

    This my kind of trading :)

    Reply

  89. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (102)Cliff

    Zen Trading.

    Reply

  90. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (103)Stuart

    Great article Nial. Again very consistent with what you teach and I really liked your quote on trading quality not quantity!

    All the best

    Reply

  91. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (104)Nadeem

    Dear Nial

    Appreciate your article. I understand your working style with price action. Need some more information on false break up articles if you can.

    Regards,
    Nadeem.

    Reply

  92. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (105)Kashy

    You finally found us ! Nothing like a coffee overlooking the surf with a good bfast and looking over charts

    Reply

  93. The 'Coffee Shop' Forex Traders Movement » Learn To Trade The Market (106)Mike

    I like it! I have been practise trading FX for a year or so and with your guidance over the last 6 months. I am looking forward to what you membership offers. I have made some huge mistakes, have done it over and over and over which is great…but i feel i am at last learning from them and may be seeing a light! Thanks for your mentoring, website, comments, information to date…I hope to see you in the members forum after hopeful 2nd December birthday gift to myself

    Reply

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    FAQs

    Who is the best price action teacher? ›

    About Nial Fuller

    He has authored and recorded hundreds of popular articles, videos and tutorials since 2008. Today he is considered by many to be 'The Authority' on Price Action Trading.

    How to learn forex trading like a pro? ›

    Trading Forex for beginners summarized
    1. Learning the basics (currency pairs)
    2. Learn the software (MT4, MT5)
    3. Learn with demo accounts.
    4. Find a reliable service provider.
    5. Use the service provider's resources such as tools and guides.
    6. Read books on trading and watch videos online.
    7. Learn various trading strategies and test them.
    Nov 1, 2023

    Who moves the forex market? ›

    Central banks move forex markets dramatically through monetary policy, exchange regime setting, and, in rare cases, currency intervention. Corporations trade currency for global business operations and to hedge risk. Overall, investors can benefit from knowing who trades forex and why they do so.

    Who is Lance Beggs? ›

    Lance Beggs is a full time day-trader with a current preference for forex, FX futures and emini- futures markets. His style of trading is discretionary, operating in the direction of short-term sentiment within a framework of support and resistance.

    How much time does it take to learn price action trading? ›

    It's common that it will take multiple years to be consistently profitable. But it is entirely possible to become successful, make no mistake about it. It's just going to be extremely hard, and it should be and is, because the end of the tunnel is a tsunami wave of financial freedom.

    Who is king of price action? ›

    Al Brooks, the absolute Price Action King when it comes to price action trading.

    Is $500 enough to trade forex? ›

    This forex trading style is ideal for people who dislike looking at their charts frequently and who can only trade in their free time. The very lowest you can open an account with is $500 if you wish to initiate a trade with a risk of 50 pips since you can risk $5 per trade, which is 1% of $500.

    Can I teach myself forex? ›

    Despite its challenges, self-directed learning can be a rewarding path to success in forex trading. It requires dedication, persistence, and a strong desire to learn. With the abundance of resources available, it is possible to teach yourself the basics of forex trading and develop a solid foundation for future growth.

    Is trading forex harder than stocks? ›

    In the debate Forex vs Stock trading for beginners, there is no one definitive answer. Forex trading typically involves short-term potential but also entails higher risk when compared to stock trading. Forex market requires daily attention, so the traders must devote more time in learning concepts like currency pairs.

    Can forex replace a job? ›

    In conclusion, it is possible to replace a job with forex trading, but it will require patience, hard work, and a solid plan. Consider forex as a business, and do your homework by researching strategies before you commit to a plan. You may also want to consider keeping forex as a part-time project.

    Who is the richest forex trader in the world? ›

    Ray Dalio – The Richest Forex Trader in the World

    Ray Dalio is widely recognized as the wealthiest forex trader in the world. With a net worth of billions, Dalio's success in the forex trading industry is a testament to his exceptional skills and strategies.

    What moves the forex market the most? ›

    Key Takeaways
    • Macroeconomic statistics, such as inflation, have the greatest impact on forex markets.
    • Stock, bond, commodity, and other capital markets also have a strong influence on exchange rates.
    • International trade numbers, such as trade deficits and surpluses, play a vital role in forex markets.

    How to know trend exhaustion? ›

    Trend lines and chart patterns can help you identify trend exhaustion by showing breakout or reversal, which is when the price breaks out of or reverses from a trend line or a chart pattern.

    How to make money in intraday trading? ›

    Stock selection: Stock selection is crucial for making profits in intraday trading. Choose quality stocks to trade. You may want to exit the position as soon as you incur loss and think twice before investing in the same stock, as such investment may increase risk.

    Who is the best price action trader of all time? ›

    The 'Most Successful' Price Action Trader in History: Munehisa Homma » Learn To Trade The Market.

    Who are the best price action traders? ›

    Nial Fuller is a Professional Trader & Author who is considered 'The Authority' on Price Action Trading.

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