Any suggestion please?

Discussion in 'Forex' started by Waylen, Aug 16, 2024.

  1. Waylen

    Waylen

    Can you suggest me at least two books for price action trading development?
     
  2. Forget about trading, buy some good classical literature instead and put your money into index funds.
     
  3. PPC

    PPC


    I do trade price action, but I'm not familiar with any decent books.

    Those who recommend AL Brooks are usually beginners, and in my opinion he's an "addicted candlestick watcher" who cannot read the market context. On a side note, I've seen Al Brooks' video teaching price action in FX markets, and he was analyzing intraday FX price action on low timeframe on a chart that was formed during the night session, and I thought it was hilarious as it was an obvious giveaway that he does NOT understand the FX markets.

    Judging from your posts, you seem to be very new to FX trading, and if you’ll start going in the wrong direction you can waste years in frustration.

    How about you start with some proven FX basics (not necessarily just PA) to get you being profitable asap, and then once you’re profitable you can start adding price action on top other things?

    Check out Rolf’s course https://tradeciety.com/academy and his free youtube videos.

    I’m not trading his strategies, and I have not gone through his course, but I’m using his Edgewonk and I know about him through other traders and he’s apparently legit and apparently can get FX traders to being profitable. He’s very systematic (he’s also German) and with him you’ll start going on the right FX path and in the right direction instead of spinning wheels with price action books. He has some free videos on YouTube as well.

    This might not be the answer you wanted, but you first need a solid foundation.

    PS: This forum is not the best place to seek advice.
     
  4. You really don't need books for it. Just take a course and you will get the gist of it.
     
  5. Lmfao hahahahaah hahahaahahahahahahahahahahah. That is funny:D:D:D
     
    Laissez Faire likes this.
  6. Coin Flip

    Coin Flip

    Are you taking your own advice?
     
  7. MarkBrown

    MarkBrown

    smarter trading by perry kaufman
     
  8. I’m not in that position. I have my 10.000 hours now.

    But yes. If I knew what I now know, I probably would.
     
    Zwaen likes this.
  9. Sekiyo

    Sekiyo

    I’ve learnt price action by reading charts, burning out twice and having PA related nightmares.

    Went through PA books but found none interesting.
     
    Last edited: Aug 16, 2024
  10. Zwaen

    Zwaen

    You are "invested" now ;) ( sunk costs thing..)
     
    #10     Aug 16, 2024
    Laissez Faire likes this.