When I get home about 15 minutes later, I will usually turn on CNBC or Bloomberg for a quick recap of what happened overnight in the markets.

I am not a big fan of the news, so unlike most, I do not waste my time reading the paper or visiting any news blogs. After breakfast I go into my office and chuck on the computer screens and my laptop. The first thing I do is get my pen and paper ready to take down some notes.

On my notepad I will take notes of which currency pairs I feel look good for potential trading opportunities, key levels, any price action signals that may have formed, and any other major event I feel is note-worthy. Luckily, I live in OZ, so the New York market close falls around the same time as the start of the business day in Australia. This works out nicely for me because I can open my charts in the morning and go through the daily charts, and like I said, since I live in Australia the new Forex trading day begins at 8 am for me, which is 5 pm in New York.

I am typically only looking at the major pairs, scrolling through the daily charts and checking for core signals that may have formed in the previous session. As I analyze my favorite markets, I will plot key chart levelsbreakouts, or false breaks on my charts with lines. I will also make more notes in my notepad at this time; here are some of the things I will be looking for:. If so, do they have confluence of multiple supporting factors and agree with my trading plan? Are there any obvious signals on the 4hr charts that agree with the daily trend?

Typically, I will watch the AUDUSD and EURUSD, as those are the pairs I tend to trade most. I will also glance at the U. Next, if I see a potential trade setup I will consult my Forex trading plan to see if the conditions on the chart match up with my plan. Most importantly, I am looking at key market levels, short-term momentum and trend, price action, and confluence, if you want to learn more about how I trade check out my Forex trading strategies.

If I decide there is a setup worth trading that meets my trading plan specifications I will place an order. Stop orders allow you to take advantage of breakout patterns from price action signals and limit orders allow you to get in on retraces of price action signals, I discuss these concepts in-depth in my course and the specific entry strategies and techniques that I use are beyond the scope of this article.

Now, unless you have been living under a rock, you all know that I run this website full-time along with my trading activities, and thus I have website responsibilities to attend to as well. I have found that writing this commentary actually helps me with my trading by keeping me in-touch with the daily ebb and flow of the markets.

I will then post the commentary and go on to the numerous emails that have flooded in overnight and try to get to all of them before lunch. I need to get out and move around or do something to take my mind off the markets for a while. Pick up a book to expand my mind or do something else mentally constructive like watch a seminar or something educational on the Discovery channel.

Every two days my wife likes to go shopping and I will take the laptop to the local shopping mall and plant myself in my favorite coffee shop while she goes and does her thing.

At the coffee shop I am not really trading or watching the markets intensely, I am reading blogs, magazines, or books and maybe checking the markets every hour or so for an update. I learned the lessons early in my career that led me to hate screen watching, I fell into the trap of staying up all night watching the charts until my eyes literally burned and I fell asleep at my computer desk. I will now make a point to get back to my office sometime mid-afternoon and go over the daily charts briefly on the major currency pairs and indexes once again.

Usually, not a lot has changed from morning since the Asian trading session is usually the slowest. The best way to not become emotional over any one trade is to never risk more than you are comfortable with losing. Now, I do make a note on my notepad if something has triggered or been missed, I will then be sure to keep a watch on the 4 hour chart during the European trading session to potentially get into the same trade.

We have a strict routine with him. I will have the charts open; browsing the 4 hour and daily charts of the major Forex currency pairs while looking for possible price action signals. Again, I will have my notepad and pen with me, taking any relevant notes and keeping track of what is happening.

So, I will be talking to the wife, watching a movie or a TV show and glancing at the screens every hour or so just to keep track of things and see if anything is forming. Honestly, I consider myself finished trading for the day by the evening, and will casually keep in contact with the London session and open of New York trading. I rarely enter a trade in the evening, but you do have to be there to find them.

On any given day I will usually be in a position or have orders waiting to be filled to enter a position. Sleeping allows for true set and forget trading, and since I am in Australia most of the action takes places in the USA when I am sleeping. Maybe there is a lesson in that for everybody…Completely avoiding the market for a 12 hour period could actually be one of the key ingredients in determining your success or failure in the markets, in other words…place your trades or place your orders and then stay the hell away from the computer ; remove all emotion and let the trade work itself out.

What if the price cannot break these level and go against you? How do you manage them? Living the dream life. The only issue for most people is that in order to trade the way you describe you must have income coming in to pay the bills since you could wait a week or month or more and have no trades, losses or small profits while the bills keep piling up. You might even have reasonable profits to pay the bills but requires an equally large account balance which for most people is out of reach.

I like your set and forget style. Thanks for the insight into your Daily life and trading habits. I like the relaxed but disciplined lifestyle you encourage.

Appears to be a healthy way to go about trading the market. Dear Nial, such a short and neat article, very perfect trading and day plan, nice nice, keep it up. I find it is one of the most beneficial things for my sanity and therefore my trading performance. Calling it an article is really understatement — The pattern should be a way of life for a trader! It really helps an aspiring trader to learn what the pros are actually doing with their day!

BTW I love your website!! I really needed to read this lesson. With this you have given how rupert murdoch makes money guidance on how to structure my trading day. I had no particular routine or sequence and felt a bit lost as to what was the right thing to do, but not any more. You are very generous to share this with us all.

Hi Nial,done the stay up all night thing,now coming to grips with Set and Forget trades. Trading martingale method in binary options less often,and better results. Absorbing all your lessons into practice. Hi Nial, By going through this article, I think I also need a major change in the style of trading that I currently do.

I have made up my mind to follow most of your pattern of dealing with trading and I hope I will have positive results soon.

Thanks becoming a forex day trader successful lot for your invaluable information and guidance. Thank you Nial for dealing with your daily routine. Nial, Really helpful to have a sketch of your day. It can help me to visualise and create how I want my days to look. I, too, live in OZ. However, I am going to a full-time job each day and on most days, I have to leave for work a little before the New York close.

When I get home, it is usually just a bit after the European open. Or bmw performance parts uk it risk probability calculator forex to wait until later in the day and risk that price action may have moved the market away from a possible morning setup? How critical is this sort of timing?

Really appreciate your response and look forward to seeing it. Hope you are well. Thank you so very much for sharing your insight on your daily routine, very helpful and very appreciated. Thanks Nial… nice to get a glimps of what your life is like as a trader… it inspires me to keep processing and working at my trades with the goal to eventually do this fulltime!

Thanks for sharing with us your daily routine. Its very encouraging particularly anyone who has just started and thinks they need to spend loads of time glued to a computer screen. My trading has improved by less screen time. I lived in Earn money playing games uk for 2 years and reading this article today has made me remember the chilled out layed back lifestyle over there not to mention the weather.

What am I doing back in Ireland? Great insight into your life. For me, I just trade the daily chart and my trading routine is very straight forward.

At the close I will see if their is any price action setups, with confluence and ensuring it meets my trading plan. In the morning I check the trade to see what has happened.

The next time I check the charts is bpnc buy stocks evening time or sometime in the afternoon. I am not often trading the 4hourly charts so at the moment I have minimal contact with the markets. The rest of my day revolves around my family, keeping fit and other business commitments, Of course I make sure I have time to check this great site out for any info that can help me become a better trader.

There is no pressure so that make everything run smoothly. I have to be like you by adopting everything you teach.

Great sharing Nial…I agree that a successful traders strategy of many trading binary options hedging out from the market more.

On daily basis I always find something current exchange rate usd into inr keep me busy and stay emas trading system from the market. This article is great…. Sounds wonderful, my only problem is the size of the risk-stops when thinking of daily sized trades.

The daily volatile movements seem to demand much more risk,and consequently large potential limit s[ace. Thanks Nial, Yes, Nice to know how to structure the day. New York closing a bit too early for my time zone, but let me try this coming week.

Perhaps my chart candles will then match those of your. I use the Oanda Platform. Glad you shared your typical day schedule with us. Thank you for offering the window into this part of your life. I gleaned lots of lessons from it. Precision forex scalping forum is my dream! To be able to put a trade in, go to sleep and wake up with a profit or lose …: Thanks for all your fantastic teachings.

Best thing that ever happened to me! Hi Nial, Great article. Nice to see the normal side of life and trading. No rain on Australia Day how good was that! Nial, Great to hear about your day and your family. When are you going to going to teach your two year old to trade? In the brokerage TV ads there is a kid a lot younger than two, that is already trading.

That was a good read, thanks for writing it. Set and forget makes a lot of sense and is what I hope to learn some day.

Another great article, Nial,I especially binary options really to make money offline set and forget and dont go back to your charts till the end of the day make this a habit and let the trade do its thing!

MeI have to go to work so I make sure I resist the temptation of getting the charts up on my phone and wait till I get home. Hi Nial, Jquery select option set selected index you for writing this article! It was very illuminating! Thank you for all your guidance.

Thank you Nial, It is very helpful and inspiring for us to see what you do on a daily basis. It is really a very helpful for the newbi. It gives a very natural and relatable view of how Price Action Trading must be done and how balance in life is the best way to go about it.

It is very helpful and inspiring for us to see what you do on a daily basis. Thanks for sharing that. Thanks Nial, I really enjoy the part of your day when you just go shopping and do nothing. One day I really want to enjoy my days like you do. Speaking from limited experience about a year stockbridge farmers marketanything below a 4hr chart seems to be a total crap-shoot!!!

As always, a great article and one that many of us have thought about from time to time. Many thanks to you! Love this one NiallI bet there are quite a few envious of your talent, Got to be one of your best!

Thanks Nial, I live in Brisbane so this article was sooo relevant. The preparation and journal make sure that any position entered has been executed with pre-meditation and skill and definitely not rushed into and later regretted. A lot to be taken away from this article and I thank you for your openness and honesty. You offer great value every day. Very good Nail, You inspire us- keep it up…. It all comes down to Patience. With your advice, I have really learned to trade as it should be done after over 5 years struggling BIG TIME.

I live in Finland and we have New York session close 0: At the same time I make a quality check of my own yesterdays actions. Its about 15 minutes spend so far. If there is not any setup worth taking, it takes under 30 minutes to complete daily routine. An other half hour is spend if there is something to be taken more seriously.

Superkool and Realy best article ever I have seen, realy helpfull for every one to shirtime with family and with great way how to deal with market.

Amazing,Bless u and hope u will keep it up…………. Great insight for new traders. You dont get many gurus telling your their daily routine by a long shot. Nial, thanks for this personal touch. I have kids too, 3 by now: I take the idea of taking notes by hand in order to be able to come back to them. I will put my trading plan on the first page of the notepad and then a few pages for each paire. I learned a lot from your daily routine, dealing with the markets: This is pretty much my daily schedule living in Japan right now but with more language study and exercise.

How To Become A Successful Forex Trader

I find as a full time daily fx trader you need to have other mentally stimulating and fulfilling activities as well. Great article totally relate to what your saying. Thanks for sharing your trading routine!

This is probably the most genuine article ever. I sure have learned a few things from this article: All I want to say is that you are just an inspiration to me. Will make sure I join your course.

Thanks a lot, and my regards to your beautiful family. Nial Thank you so much for such an in-depth detail on how you go through the day in regards to trading. I must say, you spend more time with your family and yourself than the market which is very important. Thank you Nial for sharing. I was curious like others here to get a look in to see how you structure your day.

How To Become A Profitable Trader With A 9 To 5 Job - 12 steps

Very pertinent point re set and forget! Thank you for this insight ino your life. 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.

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How to become a successful Forex trader

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A Day In The Life Of Forex Trader Nial Fuller By Nial Fuller in Forex Trading Articles Comments. I will also make more notes in my notepad at this time; here are some of the things I will be looking for: What is price doing in relation to the EMAs? Unless I am traveling overseas or on holiday, at this time I will usually do one of two things: Related Trading Lessons Setting Up A Forex Trading Room To Improve Trading Results How Does a Professional Forex Trader Actually Trade?

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