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Nick B's Forex Blog

Learn from Nick B's Forex trading blog, so you can use Price Action to make pips on any currency pair consistently too.

If you struggle trading Price Action this step by step reversal trading video is for you

Reversal trading is pretty simple when you see a picture perfect set up. Check out the trade to the left. The trade is a EUR/AUD 12 hour chart I took on June 25th, 2014. That set up is pretty much flawless.

BUT!

Most reversal trades do not look perfect. In fact, price action rarely ever looks perfect. Usually it is tougher to spot, and enter reversal trades.

So, are you struggling with learning how to trade price action?

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Learn Forex Trading – 3 Simple Steps to Identifying Support and Resistance

What is the most effective form of support and resistance in Forex?

Pivot points? No, pivot points are useless in Forex.

Fibonacci? Fibonacci is ok, but it has a very limited scope.

Trend lines? Trend lines work, but their effectiveness varies in different market conditions.

In Forex, horizontal support and resistance (support and resistance areas) is by far the most effective form of support and resistance.

Generally speaking,

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Trading Less & Making More Using Higher Time Frames in Forex (Low-Maintenance Trading)

The other day I held a webinar about trading Forex on large time frames. Below you will find the webinar along with a lot of other information on large time frame trading.

High-maintenance trading SUCKS. It is always stressful, and it makes people – AND ME – feel uncomfortable, nervous, and rushed.

How can you learn to trade, or even trade comfortably, when trading is stressful and your charts require almost constant supervision?

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Three Forex Price Action Webinars

Last week I held The 3 Day Price Action Challenge. A series of three webinars in which I shared some of my Price Action secrets, so you can start taking Price Action trades too. In the webinars I covered candlestick analysis, support and resistance, and how to trade reversals. Below you will find a recording of each of these webinars. Watch them all and feel free to ask any questions you have in the comment form below.

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Forex Price Action Basics – Trading Reversals

On Wednesday I held the last webinar in the 3 Day Price Action Challenge. In the webinar I explained how to use Candlestick Analysis and Support and Resistance together to trade reversals. In case you missed the first two webinars you can watch the first one here and the second one here.

In this webinar we ran out of time, so I was not able to explain how you can use Price Action to close bad trades out early.

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Forex Price Action Basics – Support & Resistance

Last night I held the second webinar in the 3 Day Price Action Challenge.

Unfortunately, during the webinar I was not able to cover everything I wanted to cover. I got a little distracted and sidetracked as I had to stop to answer questions. I feel like I didn’t do the best job at explaining how to place support and resistance on AUD/USD….

…So I added an extra video at the end of the webinar in which I place support and resistance on USD/CAD.

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How to Become a Better Forex Trader by Losing

You have heard the saying “you learn from your mistakes”, we all have.

Do you believe we actually learn from our mistakes?

I believe that we can learn from our mistakes but many of us don’t.

Every day I see newbie traders making the same mistake they made the day before. This is because they don’t know how to learn from their mistakes in Forex.

Learning from your mistakes in Forex is not something that just happens… It is something that you have to make happen.

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