Nial Fuller – Pro Trader, Fund Manager & Author – PriceAction.com (2024)
Nial Fuller is a Professional Trader, Fund Manager & Author from Australia. Starting his trading career in 2002 and with almost 20 years experience, he is widely considered by many to be ‘The Authority’ on Price Action Trading.
Nial’s trading approach is based purely on raw price action analysis of higher time frame charts such as daily and weekly time frames, where he employs a range of proprietary trading strategies, including the pin bar reversal, the inside bar break out, the fakey setup, and many more.
Since 2008, Nial has written hundreds of posts on the topic of price action trading, trading psychology and money management. He has taught more than 25,000 students via his Professional Price Action Trading Courses. In 2016, Nial won the inaugural Million Dollar Trader Competition, returning an impressive 365% in 90 days.
He is the Founder and Head Trading Coach at Learn To Trade The Market, a professional trading education resource for aspiring traders of beginner or advanced skill level.
Today, Nial has a dedicated readership of more than 250,000 traders across 100+ countries including Australia, USA, Singapore, UK, Malaysia, Vietnam, Thailand, Poland, Canada & USA.
Nial Fuller is a valued contributing author of price action articles and tutorials published right here on PriceAction.com.
In summary, an intraday trader can expect to trade between 20-60 trades a month and a swing trader somewhere between 4 and 15 trades per month. Obviously, if you mix styles of trading together, like intraday and swing trading, then you can expect to achieve a figure that allows for that.
Price action trading involves analyzing price movements on charts without using indicators. The document discusses identifying uptrend, downtrend, and range markets based on peaks and troughs.
Price action trading is better suited for short- to medium-term, limited-profit trades instead of long-term investments. Most traders believe that the market follows a random pattern and that there is no clear, systematic way to define a strategy that will always work.
How accurate is price action trading? Price action trading is not perfect. No trading system or strategy will be correct 100% of the time. However, price action strategies have been shown to be quite accurate, with many of the setups used by the price action trader showing a success rate of 75% or higher.
The most commonly used price action indicator is the study of price bars or candlesticks which give details such as the open and closing price of a market and its high and low price levels during a specific time period. Analysing this information is the core of price action trading.
In their toolkit for market analysis, professional traders often blend price action patterns with tools from technical analysis to inform their discretionary trading decisions.
Price action traders often think their method is always better. However, price action and indicators are quite similar. Both use price info from charts like candlesticks or bar charts.
Why Do I Have to Maintain Minimum Equity of $25,000? Day trading can be extremely risky—both for the day trader and for the brokerage firm that clears the day trader's transactions. Even if you end the day with no open positions, the trades you made while day trading most likely have not yet settled.
A day trade is when you purchase or short a security and then sell or cover the same security in the same day. Essentially, if you have a $5,000 account, you can only make three-day trades in any rolling five-day period. Once your account value is above $25,000, the restriction no longer applies to you.
To master price action trading, you must learn a lot about how the market works and how to read and understand price charts. This is usually done by looking at how the market has moved in the past and finding patterns and trends that can be used to predict how prices will move in the future.
Volume can be used to confirm price action signals and validate the strength of market trends. For example, if an uptrend is accompanied by increasing volume, it suggests a strong and healthy trend. Conversely, if an uptrend is accompanied by decreasing volume, it may indicate a weakening trend.
Nial Fuller is a Professional Trader & Author who is considered 'The Authority' on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught over 25,000+ students since 2008.
In a recent survey conducted by an individual agency, thousands of students voted for Arun Singh Tanwar as the best stock market instructor in India. Students praised his way of teaching and the concepts taught by him because all the techniques and concepts are generated by his experience only.
But as a fact, Richard Wyckoff is one of the god fathers of Price action trading and the first trader to intensively analyse volume with price movement. During his days, Richard Wyckoff was a well known stock market figure, founder and editor of the Magazine of Wall Street (founded it in 1907).
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Introduction: My name is Reed Wilderman, I am a faithful, bright, lucky, adventurous, lively, rich, vast person who loves writing and wants to share my knowledge and understanding with you.
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