The Authority’ on Price Action Trading. In 2016, Nial won the Million Dollar Trader Competition. However, this doesn’t mean all people will want to be nomadic and travel around the world living in local currency vs base forex places. Halfway through 2012 I said enough is enough and I set out to completely remove all clutter and unnecessary possessions, even small things.

The reason I’m sharing this story with you, is because I believe that most of you out there can benefit from applying a similar logic to your life, i. People can interpret it however they want, but the core thing is to keep with you only what you absolutely need in an effort to save time, save money, remove stress, and more. So what the hell does this have to do with trading you ask? Get rid of all the excess weight you have if you are still learning how to trade or you’re struggling to trade successfully. If you want to add a big trading desk with multiple monitors and all the bells and whistles after you become a successful trader, that’s OK. But don’t think you need to go out and drop 5 grand on your trading office in order to make money in the markets.

Some of the best traders in the world just trade off a laptop. I realized my ego and greed took over before, and these things negatively impacted my trading. However, you might not know WHY I trade and teach this approach. Just as the materialist mentality of needing to buy more things to make us feel happy or fulfilled is a flawed mentality, so is the mentality that adding more technical indicators and analysis tools will somehow make you a better trader. One of the big secrets to success in all areas of life and indeed even to happiness is that less is often better. However, most traders naturally assume that it’s their trading system or strategy to blame for their losses in the market.