Sound too good to be true? That is obviously not a guarantee or a promise, but I am going to teach you today that by simply being disciplined and following a well thought-out trading plan you could make a very decent return each year in the markets. I must inform all of you that this lesson provides examples of aggressive money management tactics, thus I strongly suggest each trader decide how much money they want to risk per trade according to their own risk tolerance and personal circumstances. In reality, it would be hard to double a small trading account without taking risks, but as we all know, without risks there is no gains. Remember, this strategy is about trading with patienceif you do not believe that being a patient trader can pay off in the long-term; all you need to do is look at the examples below:. Some people may be more aggresive and some people may be more conservative with their capital risk management. Please understand that you should only risk an amount per trade that you are forex comfortable with. The below figures are just an example of how placing one trader per week could grow your account using several different risk reward and win rate scenarios. So, we can see in the above example that if you only traded 52 times in a year 1 time a week on average and you used a risk reward of 1: Of course, you can always aim for more than 1: In fact, some of you have probably executed 52 trades just this week or month. In the second example we see that if you have a risk reward of 1: Read my Forex money management article to learn why I measure risk in dollars and not pips or percentages. This strategy of only trading an average of once a week can really work for you if are willing to take the next steps… How to make the 1 trade a week strategy work for you. So, what do you need to do to really make the one trade a week strategy work for you? The obvious trait that is required here is self-discipline. Percent, you may have to endure strings of multiple losing trades, so you need to have the discipline to not over-trade or over-leverage even if you have just had 5 losing trades in a row. You must understand that we are leveraging the power of risk reward combined with a mastery of your trading strategy to make money, but since we never know which trades will win and which trades will lose, we have to have discipline to remain calm and follow our plan even in the face of inevitable strings of losing trades. The point here is that you want to think longer-term about your trading and try and set an approximate goal of only trading 4 times a month, which will result in about 52 trades a year. Remember, this is not a concrete trading rule; I am just trying to show you that by trading less frequently than you probably are right now you can make a very decent return by learning to be a disciplined price action trader. Next, you need to have patience to make the one trade a week strategy work for you. Perhaps the best way to become a patient trader is to master one Forex strategy at a timethis way you will have total confidence in your trading ability and you will know exactly what you are looking for in the market. When you know what you are looking for in the markets there is no reason not to wait for your trading edge to appear, other than being an emotional trader. Thus by thoroughly mastering an effective trading strategy like price action you will naturally infuse a certain amount of patience into your trading mindset. However, you must do more if you want to make patience a permanent part of your trading mindset; you must make a conscious effort to be a patient trader until it becomes a habitual part of your trading routine. The best way to do this is to create a Forex trading plan around the one trade a week strategy, this will give you a tangible reminder of what you overall approach is for trading the markets and will percent to continually reinforce what you need to do to reach your trading goals. What is a lot of money to you? But, if you are trying to get rich quick in Forex you are probably only going to lose your money even quicker. You need to understand now that the way you make money in the markets on a consistent basis is by learning to trade like a sniper and not a machine gunner. Yes, your account size does limit the amount of money you can expect to make in a year. You HAVE TO manage your risk effectively on every trade otherwise you will lose all your money before you give your edge a chance to play out in the market. This is a question I get often. It seems that many beginning traders equate trading smaller time frames with being the necessary course of action for trading a small account. In fact, traders with small accounts need to trade higher time frames more than traders with large accounts. The reason is that the lower time frames are naturally going to have more false signals and whipsaws, this is going to cause you to over-trade and or over-leverage, and on a small account it forex not take long to have a full account blow-out once you start over-trading and over-leveraging. Remember that trading more does not mean you are going to make more money, trading less frequently but with more precision gives you a better chance. I can assure you that thinking you are going to make money faster by trading a small account on the small time frames is probably the fastest way to losing your money in the markets. I believe aspiring traders need to learn how to trade the daily charts first, as they reflect the most practical and accurate view of the market for my price action trading strategies, as well as act as a natural filter for the random market noise of the lower time frames. I think the key issue is being patient enough to filter the high probability set up. It is even possible to get 3 to 7 good set ups in a week! I have been on daily chart frame and I use. With this lot size I am able to trade any good set up that come my away without worrying about the amount I will lose. So far this month I have lost three trades of Then I got a little cocky and greedy and started trading on the smaller time frame charts and sure enough I started to lose money. Trade Once A Week Really An Amazing Concept But Before It We Should Have Patience as well as we trade. I just have to work on it. Thanks Nial for making us believe in ourselves. That is going to give you sleepless nights. Please put some light on this. Sunny, Remember this article is the raw theory of the concept, for educational purposes only. In the real world you would trade an amount that you are comfortable risking per trade, and you may trade more or less than 1 trade per week. Thanks Nail for converting me to the higher time frame trade set up and few trades per week. I must say that i have practiced it over and over only to find out that it is more profitable than the crazy many trades of scalping just a few pips everyday. Am in profits with this strategy for over 1 year and 6 months. Nailyou are my Forex mentor and am indebted to you. The answer to that question should be what drives our decision as to what we put on percent line for every trade. The market is always unpredictable. The disciplined traders gets the money from undisciplined traders. It depends on the size of our trading capital! I have been trading 4 years the chart patterns and when I found your sites, I started making much more thanks to a solid win rate. I think that the price action is the best way to trade. How much do you personally risk per trade? What do you think about it? I must agree with him if we want to live off trading FX. One of the most respected Forex and commodity traders, Peter L. I guess we have different opinions on that. When your trading huge money, the risk per trade will be much less I agree on that. I think traders who have smaller accounts need to be more aggresive if they ever want to grow their account size. I am a member of your site and I respect and appreciate what you teach…it has really helped my trading and how I view the markets. I guess opinions as to what constitutes a good return are all relative, but there are many who would say that this is not half bad at all. If you compound that on an annual basis over the next 5 years, then the 25K will have grown to 80K. Danny, I am saying that if a trader chooses to use the percentage of account money management concept, it is arbitrary. Just to let u knw that you have really drive my spirit fully back to FX biz. I do read your articles on forex on daily basis since i discovered your site. You have really given me hope. God bless you 4life. Yeah, in my experience as of today. Anything is forex in the markets but if you ever loose around a third of your whole account you need to stop trading immediately and go back to demo mode and thoroughly look at the trades you have made. Replenish you account funds and keep demoing until you have turned a profit for 3 months, then go back to real fund trading. If you keep accurate records in a trading journal and review them often it will become very clear if you are doing anything wrong. Thanks Nial for todays lesson. Always a constant learning curve with today being just as important to your previous articles. This was what I was most comfortable with at the start. I traded the most obvious price action setups and aimed for a minimum of 1: I had demo traded this for about a year prior to going live so I was very familiar with PA setups and got to the stage where I could filter out the best ones and could see potential trades of more than 1: This was not that difficult and was quite stress free using the set and forget method on nearly all my trades apart from the one where I monitored my trailing stop as the trade was trending. Just read all the articles on this site and keep re-reading and apply strickly what it says. This is where its at and no need to learn anything else in order to turn a profit in the markets. Congrats Robert, very clever and disciplinated man…. Also the first reply from Dan. Not a real-good feeling. Like wanting jump off the harbour bridge Sydney. Like always, another insightfull article on the KISS principle. I respect your work and enjoy your wonderful articles. Ofcourse not everyone is so risk averse or has that kind of funds so they will start with less and trade a smaller size per trade. The point here is to keep the trade size the same until you have doubled your account or until you have reached a figure where you can increase the trade size slightly more. In theory it sounds safe and wonderful but this is how most traders never end up making any long term profits. It just keeps you in the game longer and with over trading you are just making money for the broker via the spread. For me it is one step forward and two backwards. My entries are mostly good i think. And I am a sniper.: They get hit and they decimate my account time and time again. And then I miss the run of course. And on daily chart that can be huge — zillions of points. Do a manual backtest on a mt4 platform or whatever platform you use with prefferably ny close time from jan1 to dec 31 with your favorite trade setups as nial points out and trading one position in dollars —lets say only the major pairs. Nice article- good logic. Keep up the good work Nial. Good stuff as always Nial. I have a third question to add to the two in the article. Thank you Nial for great lesson again. As far as I establish from my trading,biggest problem in examples like the one you describe is to achieve 1: R in each and every winning trade. My avarage at the moment is a bit more than 1,so this math her for me is not working yet. Hope I could stil improve to get to 1: R or even better. If I had only traded daily s this month I would be in profit arround 2x my monthly profit target. It has been the undisciplined entry of lower time frame trades, that has me sitting on my profit target now. I have a long way to go. Nial you have a good knack at sending these lesions at just the right time. My plan is to trade 5 good trades per month. Great advice and accurate. I like your article. I am Very Impressive, I just definitely have to take your advice, I think it is the only way this can work for us. I apply your recommendations in my demo and guess what? It worked, but it is too bad to say that I did not apply your strategies in my real account and I am losing money. So, I am taking a serious resolution right now, I am going to apply your advices in my real account, I will not be an emotional trader otherwise, I will be killed in this market and my real intention is,at least, to survive this market. Im going to print this one out and leave it staring at me in my trading room! Yep dead right Nial, you have got to have patience. Happy New Year Nial and all. This has come at a great time for me who at the moment has lost all confidence in trading. This however has kept me out the markets and given me time to reflect on my previous mistakes which will never happen again! New year, new approach, thanks again Nial. Every time I read that I just think of one word…. Thanks for your transparency. I learn when I see trades placed by an experienced trader and hear the analysis. The one today was encouraging and helped me evaluate where I am going in my trading and showed that it is possible, just to work within my parameters of comfort and account. Thanks for all you do Niall. The probability of 5 losing trades in a row it pretty high. The thing I realized is that I must focus on being more disciplined. I just had an experience that really really woke me up and being able to catch up on your lessons old and new at any given time, really encourages me. I really like your article and you have managed to address many fears many traders who stay away from your style of trading! My experience on the market is that the the good trades tend to be miles away or coming out at you all at once…. All you need is at least one good trade per month, depending on how much your risk reward ratio is, and over a year, nice profit. Trade like a sniper is the way to go. I actually sat down today before finding this and did up a 10 year plan for myself. And in about 8 years you could quiet easily be a millionaire. Its very very realistic. Its all about the right foundations and the right trading philosophy. As Nial says, become a sniper… Take it from someone whos overtraded, blown up my account big time once and committed all the sins of a greedy trader. Slow and steady will get you there much faster over time than trying to climb mount everest in one single step! Your email address will not be published. Notify me of follow-up comments by email. Notify me of new posts by email. Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Learn To Trade The Market Pty Ltd, it's employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. Forex must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. 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Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results. The One Trade per Week Forex Trading Strategy By Nial Fuller in Forex Trading Strategies 71 Comments. The 1 trade per week strategy: Remember, this strategy is about trading with patienceif you do not believe that being a patient trader can pay off in the long-term; all you need to do is look at the examples below: Now I want to hear from you! May 2, at 5: July 18, at 9: July 16, at 3: April 28, at 4: October 8, at 7: July 10, at January 25, at 9: January 26, at 7: June 26, at April 25, at 7: December 9, at 9: November 10, at 1: November 11, at 1: April 22, at 1: March 14, at 3: January 25, at 1: October 23, at 8: January 24, at January 24, at 1: November 10, at 2: December 18, at 3: February 13, at February 9, at 7: February 7, at 7: February 8, at 8: January 25, at January 24, at 6: January 24, at 3: January 23, at 9: September 25, at January 16, at 5: January 23, percent 8: January 23, at 6: January 23, at January 22, at 2: January 22, at 1: January 22, at January 21, at January 21, at 7: January 21, at 8: January 21, at 4: January 21, at 2: January 21, at 1: January 20, at January 20, at 9: Keith from england says: January 20, at 8: January 20, at 7: January 20, at 5: Leave a Comment Cancel reply Your email address will not be published. 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Amazing Forex trading - 5 percent risk turns into 400 percent in 1 market move. ??????????
Amazing Forex trading - 5 percent risk turns into 400 percent in 1 market move. ??????????
Note: APA style requires authors to use the past tense or present perfect tense when using signal phrases to describe earlier research, for example, Jones (1998) found or Jones (1998) has found.
We use data primarily from the town of Donceto in the province of Piacenza, as well as data from many other Northern Italian dialects, including other Emilian dialects, Piedmontese dialects, many Veneto dialects, Friulian dialects, and standard Italian.
Everything you throw in the garbage, tie up and take out to be collected is going to end up in a landfill.
Note: APA style requires authors to use the past tense or present perfect tense when using signal phrases to describe earlier research, for example, Jones (1998) found or Jones (1998) has found.
We use data primarily from the town of Donceto in the province of Piacenza, as well as data from many other Northern Italian dialects, including other Emilian dialects, Piedmontese dialects, many Veneto dialects, Friulian dialects, and standard Italian.
Some feel that people who protest. against the government are committing treason by showing that the country is politically divided.
It can be seen that triangles 2 (in green) and 1 (in red), will completely.