Many beginning forex traders believe they can learn to trade forex completely on their own with no help from a mentor or from another experienced trader. However, just like any other skill or profession in life, forex trading takes time and effort to excel at, and you can either go through a vast amount of trial and error or you can enlist the help of an experienced forex trader to speed up your forex trading progress.
You may have heard the story of the “Turtle traders” who were the result of an on-going dispute between famed traders Richard Dennis and Bill Eckhardt about whether successful traders were born with some genetic gift or they could be “made”, so to speak, by education. Dennis won the bet because over a 4 year period in the 1980s the Turtles earned over $100 million dollars simply from following the trading strategies and rules that Dennis outlined. So, Dennis had proved that a simple set of trading rules could be used to educate people with little or no trading experience and turn them into very profitable traders.
This does not mean that a forex trading mentor will make you rich overnight. In the end you will need to develop your own feel and trading instinct, but it is very important that you get started on the right foot and with a quality forex trading education. Successful forex trading can be obtained much more quickly and efficiently through the use of a reputable and effective forex trading coach or mentor, but you must make a strong effort to really learn the forex trading methods that your mentor is teaching you. You can really only be shown the door to trading success by a forex mentor, you must take the effort and time to walk through the door, no one can do it for you, but they can indeed guide you down the right path.
The example above of the Turtle traders is very brief and doesn’t go into a lot of details. You can rest assured however that the Turtles who became successful from Dennis’s trading methods were the ones who were the most focused and disciplined to learn to trade exactly what was being taught. When you learn how to trade from a professional, if you truly listen to them and implement what they are telling you, the odds are in your favor to become a profitable forex trader much quicker than if you go it alone.
If you want to learn to trade forex in a simplistic yet flexible and effective manner, Nial Fuller is considered the “authority” on forex price action trading strategies. Price action trading will give you the skills and ability to read a “naked” or indicator-free price chart, it is a trading strategy that everyone can benefit from, even if you don’t use it as your primary means of trading the market. When you learn forex with Nial Fuller you are getting an exceptional price action trading education because Nial teaches the same strategies that have enabled him to trade forex successfully for years. Just like anything else worth-while in life though, learning these price action strategies will take time and effort on your part, but once you get it down it will be a trading strategy that will not lose effectiveness and that you can use to trade the markets with on an on-going basis.
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