• Simplicity is King

I trade the Forex market with simple price action strategies; no fancy-sounding trading robot systems or hocus-pocus indicator-base systems, just plain vanilla price charts. My simple approach to the markets allows me to see the "true" picture of the price dynamics in a market, this picture is unfortunately "muddied" up by most aspiring traders when they overlay numerous indicators or software trading programs all over their charts. I decided many years ago that these forms of trading were just silly and confusing due to the simple fact that they are secondary analysis methods and they only work to remove you further from the true core of the market, which is raw price movement.

• Price Action Trading Strategies

The price action trading strategies that I trade with are a hybrid of time-tested price action strategies that I've learned from other people and some of my own proprietary price action strategies that are not taught similarly elsewhere. The Forex market is ultimately a reflection of human emotion in reaction to global economic variables. Therefore, we can learn to trade and profit from the price movement of the market because human emotions are predictable and thus form repetitive price patterns that provide high-probability entry scenarios. By trading in this manner I am not concerned with the "why" of the market but rather mainly the "what" of the market. More specifically, I don't pay much attention to "why" a market is moving from some economic news report; I only care about "what" the market is doing in terms of price action, because price action reflects all other market variables preceding its formation.

• Reading the Overall Market Picture

Price action strategies in and of themselves are not the only thing you need to trade profitably. You also need to interpret the overall market picture and learn to determine market bias and trade off core levels. I use trend analysis and support and resistance analysis heavily in my trading to identify "confluent" levels to trade from and then I look to line up these levels with my price action trading strategies. This provides a two-pronged strategy of the high-probability price action setup and the high-probability "location" of the setup on the chart that forms what I call a "confluent price action setup". This is the essence of my trading theory, though it obviously has many nuances which need to be learned, it's a very simple yet effective way to trade and make sense out of the markets.

• Psychology and Money Management

Forex money management and trading psychology go hand-in-hand and they are also the "glue" that makes your trading strategy work. I practice consistent money management and I always know where I'm getting out before I get in the market, and I fully accept the risk on every single trade I make as an amount of money that I could lose. Money management directly influences your trading psychology, because if you aren't managing your money properly, you will not have the proper trading psychology. Similarly, if your trading psychology is not right, you probably won't manage your money correctly, they are synergistically related and work to reinforce each other. If you want more information on how I trade Forex, click here: Nial Fuller's Forex Trading Videos