Nial Fuller's Price Action Trading Course (2024)

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.

Today's article is going to focus on the man who invented the candlestick chart, candlestick trading patterns, and whom I consider to be the “father” of price action trading and technical analysis.

Probably more than 2-3 years at the least. It took me a lot more ( started with things that did not work for me…) . Just reading everything wont give you skills immediately and you have to do your own work and figure things out. Trade small.

Munihisa Homma was a Japanese rice trader who lived in the city of Sakata between the years 1725 and 1803. He was born into a prominent family of rice merchants who had already acquired a significant amount of wealth by the time Homma was born.

Many short-term traders rely exclusively on price action and the formations and trends extrapolated from it to make trading decisions. Technical analysis as a practice is a derivative of price action since it uses past prices in calculations that can then be used to inform trading decisions.

Swing trading is most suitable for beginners due to this low speed. In fact, the chance of success is also the highest here - but the risk must still be taken seriously! Although they are particularly well suited to trading for beginners, few newcomers opt for swing trading strategies.

Day Trading

The defining feature of day trading is that traders do not hold positions overnight; instead, they seek to profit from short-term price movements occurring during the trading session.It can be considered one of the most profitable trading methods available to investors.

Key takeaways. Livermore advised investors to buy on a rising market and sell on a down one. Livermore maintained that leading stocks would be the first to break a trading range and reach top prices. Livermore recommended that investors should draw out half of every profit made and set it aside as a reserve.

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.

Although price action trading does have the potential for making handsome profits, it is up to the individual trader to clearly understand, test, select, decide, and act on what meets their requirements for the best possible profit opportunities.

What is the success rate of price action trading? ›

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.

The Smart Money Concept (SMC) is a trading strategy focused on understanding and leveraging the market movements initiated by institutional investors, such as banks and hedge funds. It posits that by identifying the trading behaviours of these major players, retail traders can make more informed decisions.

Traders use pin bar tails to predict price movements, deciding whether to buy or sell. A formula {(C – O) + (C – H) + (C – L)} / 2 helps create patterns based on intraday momentum and buying/selling pressures.