I think the video course by Al Brooks is a very good place for a trader to start. Then he/she can add the 3 books by Al that Xela mentioned. A TRADER should plan on spending 3 years with intense focus understanding and practicing what he teaches. Then go live and see how the psychology end works. LOL. Brooks is the most thorough treatment on Price Action out there, in my opinion. For psychology I like 3 books by Yvan Byeajee. These can be bought at Amazon (kindle) sometimes you can find 2 in one. Or buy them each on their own. All are very inexpensive. 1) Zero to Hero (my note:many traders will relate to this story) 2) Paradigm Shift 3) The Essence of Trading Psychology Another book by him on trading Around the World Day Trading The Spy He also has a complete course on trading psychology at what I consider a reasonable price. Anyway , he seems to be a smart young man that knows how to “hoe a garden” so to speak and I believe his training can be useful in helping a trader avoid the market “cleaning his plow”. Plus I just like his writing style. His web site is tradingcomposure dot com Good luck and good fishing! Lots of weeds ....a trader has got to “Hoe that garden!”
Yes, Byeajee is not widely known but he does a good job and I can recommend his books for the developing trader.
it is like learning a language :to become fluent enough to earn a living, from it takes a long time around ten years
the problem is you have to learn all the rubbish first.....reject all that and come back to what you learnt on the first day of trading. I know this is not very encouraging or very enlightening but sadly unfortunately that has been my experience
Agree, but must add it also depends on which language, dedicated time and individual capacities. Same in trading, it depends which market one choose to trade, the time and focus dedicated and the individual capacities. So, I would say from a minimum of three years(Even if the first step may be after only one year) to the maximum of never arrived.
it takes long time, to hone your instinct to the extent, that you smell a dead rat in paradise-there are times when the set up is too perfect.....or sometimes you are too sure... these are small whispers which float into your consciousness, when you are smelling the leather of that brand new Ferrari, that you are going to buy, after this trade. if you take that trade, it is more likely, after the trade is closed, that you are going be left holding a smelly dead rat....
You remember what legendary Jesse Livermore replied when he was asked what would be three main rules for trading well? "Stop loss, stop loss and the third is also stop loss", not the exact quote but this was the answer. It still the same. Respect your stop losses and even learn to love them - they are our teachers and protectors.
Expectations too big...roflmao. Best to hope for Kia and IF the roll of the dice flips a Ferrari then good!
Thanks , never Thanks for the share , never ear about this author too , I will probably look his job in view of all this clarification that you do