Trading The Forex Pin Bar Strategy

Trading pin bar reversals is one of the best ways to trade the market in my opinion. The pin bar shows turning points in the market and also trend-resumption points. By analyzing the "tail" of the pin bar strategy we can see which direction the market is rejection price. We then trade in the opposite direction of the rejection with the implication being that price will continue moving in the direction opposite the rejection. Now, it doesn't work every time, but the pin bar strategy is certainly a high enough trading strategy to build an effective strategy around.

Forex Trading Training Videos

Forex trading training videos are probably the single best way to learn how to trade the Forex markets. I have been studying from Nial Fuller's videos for quite some time now, and I have learned a lot. I think he really offers some good advice and insight on simple price action trading strategies. I know other people teach price action trading, but I feel nial fuller really does it best. The quality and information found in these videos is really good. I think you can learn a lot from his free material, and his advanced training material is cheap in comparison to most other comparable things out there, and it's a very good value.

Why Do Most Forex Traders Lose Money?

As human beings we all have a tendency to pass the blame and find fault elsewhere. However, when you are trading badly, it is your fault and no one else’s. If you find you are losing money in the markets it is not your broker’s fault, nor is it the result of a bad quote, a bad tip, or a hardware failure. There is no mysterious “They” out to get you or steal your money from you. Everything that happens to you in the market, good or bad, is ultimately your fault; blaming anyone else or thing is not going to help you become a successful trader.

The above is a quote I took from a recent article on Why Most Forex Traders Lose Money from Nial Fuller.

Pin Bars all around

Well hey everyone, just wanted to update you all on my price action trading progress. I have recently cashed in on the USDCAD and the GBPUSD, both of these pairs have fired off some very well formed pin bar setups late last week that I profited on. I am starting to really learn the power of risk / reward in that you can have many losing trades but as long as your winners more than make up for your losers, it really doesn't matter how many losers you have. This is definitely something that I learned from reading all the articles over at Nial Fuller's website, he has a ton of good stuff over there both free and premium, I love it all.

Gold price action

The chart below is the daily chart of gold. Note the pin bar / fakey setup that occurred last week which has sent prices higher this week. I actually took a fair chunk of change out of this setup and I wanted to show everyone.

There are some simple principles at work here:

• Momentum was clearly higher as evidence showed by the 8 / 21 day emas crossed up
• We then got a clear (minor) fakey with pin bar setup. (Nial explains the minor fakey in his member's section)
• Price moves up into next resistance near $1390.00 / ounce
• Very cool trade.
  

Forex Trading Education with Price Action

By using price action setups to trade the forex market you will effectively be basing all of your trading decisions off of a simple and clear trading mindset because the simplicity of forex price action trading will permeate throughout all of your trading activities. Many beginning and experienced forex traders alike get caught up with trying to trade overly-complicated trading systems that seem effective on the surface but in the end bring nothing but struggle, lost time, and lost money. If you are aware of this fact before you get to deep into forex trading you can prevent yourself from falling into this common trap of trying to use overly-complicated trading systems by employing a simple yet very effective strategy like forex price action trading strategies.

To check out more cool information on price action trading click here: forex trading education

New article at LTTTM

The link below is to the newest article from Nial Fuller. It discusses why you should only trade what you see and not what you think. There is some really good insight in the article since it was written by professional mentor and trader Nial Fuller. I think its really cool that he puts out new material like this almost every week for free. It is very hard to find anyone else in the forex education world that actually provides relevant and useful material for free; most of them simply want to sell you something. Here is a pretty cool Nial Fuller review, well actually it's an interview, but it gives good insight into his concepts and who he is.


http://www.learntotradethemarket.com/forex-articles/trade-what-you-see-not-what-you-think/

Forex Trading Strategies

http://www.learntotradethemarket.com/category/forex-trading-strategies/

Ok, first off, the link above is where and how I learned to trade forex, I am just "paying it forward" because Nial Fuller and his price action strategies have helped me so much and literally contributed about 50% to me becoming a profitable trader, consistently, that I wanted to give something back. This blog will have random snips from some of Nial Fullers articles as well as links to videos and articles, because everyone interested in forex trading should at least check his free stuff out.

This article is BOMB:

http://www.learntotradethemarket.com/forex-trading-strategies/risk-reward-forex-trading-the-holy-grail/