Most retail Forex traders who make it to the level of full-time or professional trading have a daily routine that is probably a lot different than what most amateur traders imagine. In reality, most professional traders interact with the market far less frequently than what most people might suspect, and this is especially true for pro traders who trade price action on the daily and four hour charts like I do. I would like to take you on a trip through an average daily routine of a professional Forex price action trader. You might be surprised by some of what you read in today’s article. The point is to provide you with some insight into what full-time trading is all about. This insight will give you a clearer picture of the things you need to change or do in your current trading routine to help you become a professional trader. • Get a good start to the trading day. A professional trader knows that being in top mental condition is very important for sticking to a Forex trading plan and for analyzing the charts with the correct mindset. Since the mind and the body are intimately connected and have a great influence on one another, it’s necessary to make sure that your body is in peak condition if you want your mind to also be in peak condition. Another important part of any pro trader’s daily routine is exercise. We will touch on this later in the article, but for now it’s important to note that some pro traders exercise first thing in the morning. Exercising before you do anything else with your day is a great way to get the oxygen flowing into your brain and get your body feeling good for the day’s activities. If you want to have a healthy brain you need to exercise your body, studies show that people who exercise regularly have more efficient and effective brain activity than people who do not exercise. Remember, the mind and body are connected, so what you do with and to your body will directly influence your mind and the way that you think. After getting the trading day started on the right foot by exercising and eating a healthy breakfast, professional traders then turn their attention to the markets for the first time that day. As far as the best times to trade Forex, it really doesn’t make as big of a difference as what most amateur traders might think. More importantly, you should aim to check the markets at two or three pre-defined times each day, so that it becomes a routine and so that you are more likely to treat trading like a business. Professional traders are more likely to check the markets in the morning, after the morning routine described in the section above, and then at the close of either the New York or Europe trading session, which ever session close comes first for them. • How do professional traders analyze their charts? When a professional Forex trader analyzes their charts, they know exactly what they are looking for. This is because they have learned to master one Forex trading strategy at a time, and after fully mastering their trading strategy they don’t need to guess or spend hours staring at their charts. The ability to know exactly what you are looking for in the markets allows you to spend minimal time checking the markets and analyzing the charts. The key point here is that professional traders have dedicated trading times, they have mastered their trading strategy, and they know what the best currency pairs to trade are. This allows them to have a defined trading routine where nothing is left to chance. Pro traders also know the value of the set and forget forex trading strategy. They don’t meddle with their trades once they enter them, and they don’t sit there and stare at them for no reason. The professional trader spends far less time interacting with the market than what most amateurs think, this is because there is simply no reason to spend hours staring at your charts if you know what you are looking for in the markets and you have a set Forex trading routine. • Professional traders take time off from the markets. Professional traders know the value of removing themselves from the markets. One of the hardest things for newbie traders to accept is that it’s often what you don’t do in the market that determines whether or not you’re successful. That might seem a bit strange, but the fact of the matter is that once you know exactly what you are looking for in the markets because you have truly mastered your trading edge, there is simply no value in spending vast amounts of time analyzing your charts. In fact, most traders do more damage to their trading accounts from over-trading and over-analyzing than from anything else. Professional traders are not sitting up all night burning their eyes out by staring at the charts and watching every little tick of the market. Getting a good night’s rest is very important to successful long-term trading. If you only take one thing away from this article it should be this: after you check the markets each day and enter or adjust your trades, you should then do something else for at least 4 to 8 hours. Go the gym, take a class, meet up with some friends, whatever you do don’t sit there and mull over your trade and think that this will somehow help your chances of making money. Professional traders spend minimal time interacting with the markets each day, they know that the markets are just a tool, this tool can either be used to better their lives or it can use them by taking their money. When you try to control the market by messing around with your trades and staring at them for hours, you are being used by the market. Learn to use the market like the pros do and live your life, master the price action trading strategies that I teach and learn to control yourself, this is the fastest way to Forex trading success. It is so very GENEROUS and KIND of you to FREELY GIVE of yourself to help wannabee traders. Though not yet consistently profitable, your teaching has improved my results to the point where they give me the courage to believe that I too will become successful in this awe-ful and awesome business. Great article. From my years of experience in can tell that every line of this article is true. When you try to control the market by messing around with your trades and staring at them for hours, you are being used by the market. thax , my advice is that even scalpers who tend to be all the time on the laptop to benefit from small pips need time to relax and come in the markets when they feel are ready than suffering from all the time chart analysis palalysis. Nial, you are like a Bigger Hedge fund! Good article thanks Nial. thank u very much for yr usefull article. i am very appreciative for yr support. please keep up the good work thank you. Thank you Nial. I have always enjoyed reading and following your article! I am turning to full-time trading very soon and following your advice and trading style surely give me more confidence. i wish to have an opportunity to meet you personally one fine day. I am from singapore. Professor Nail,thanks for the article.Quite insightful.the Lord will continue to prosper your effort. Thank you, Olusola Nigeria. Thanks, fantastic ideas. You are proffesor trader. My trading improve a lots. Another excellent article, thanks for taking the time to help educate people about forex. Your advice is very different from how I first imagined forex trading to be, hence the steep learning curve! The set and forget routine makes forex much more enjoyable and takes much of the stress out of trading. Thanks again! Your analysis of the market is awesome. you are right, daily and 4hrs is the way to lasting profit in this business. Thanks a million. Hoping to get the advanced course soon. Good work nial. Overtrading has cost me a pretty penny recently. no doubt discipline is the key. i think many amateurs like myself, believe that you need to be entering a trade every day to be successful. obviously this is not the case. Keep up the good work. Thank you Nial,as always your lessons are so good. Thanks so much for teaching about ALL aspects of trading. By far I have become so much more of a relaxed trader from reading your articles and taking the course. MUCH APPRECIATED! Excellent presentation. Keep it up Nial. We cant hear this to often. Thanks Nial. Hope you are well. Thank you for another fantastic and priceless lesson. Another article on Discipline. Nial is really doing all of us a pure service by driving home how to stay disciplined. Tough act to follow, but there is simply no other choice. God bless you, Nial. Thanks so much,i must confess your price action strategies do work!, pls Nial is it right to study the positions of the dollar index and stock indexes before placing a trade?. Sounds like a wise approach and one I hope to emulate. Nial , since i started your course and took your advice on only trading daily charts my losses are far fewer. as tempted as i am to look at the lower frames i stick to what you originaly taught me and being disciplined has paid off. High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. 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