Best way to become profitable in trading!

Beginner Questions
1

Work and earn a decent salary as forex trader is in reality a utopia that few get to experience , even after spending a fortune on various useless forex courses and spend much of their spare time to learn the art of trading

[B]What courses / books gives you the depth required to cracking the code …
Which way is statistically the best way to focus on.
[/B]
It is no secret that you need to spend thousands of hours practicing front of you screen as well as a build up a deep knowledge comprehension of the market structure must be present.

In my opinion it does not help to spend time with Nial / Capre courses

Their knowledge is too incomplete and lack of knowledge relative to being a good daytrader .
Their marketing is aimed at those who do not have time to study the market , their holygrave a better economic freedom is based on a 4 hour candel .
In other words, a utopia …

[B]What traders , it is worth studying ![/B]
[U]
My inspiration has been Lance Beggs , Don Miller, Al Brooks, Steve Patterson, Bob Volman ,Kozok Flemming.[/U]

What is the difference between these aforementioned traders from other traders who offer courses / books over the internet ! .
And what do they have in common ? …

All are hardcore day traders , they do not use indicators , they do not use fancy words like pro , advance institutional trading, secret , secret bank bla bla ,
They use no fancy words the strategies as that sniper, hunter , , pivot special 5 min London breakout bla bla …to attract traders

[B]The difference is that they have a different understanding of the market and how they take advantage of the market …[/B]

[I]Al Brooks [/I]:
Personally, I prefer Al Brooks, his books a true hell for an inexperienced /experienced traders to understand, but Brooks knowledge about the market is unique .
Price 3 books $ 130 , 1 500 closely written pages in which images are scarce.
Video course 250 $ a good option

[I]Lance Beggs :[/I]
Writes the best high quality articles about trading, an inexhaustible source …
Much free stuff …
Courses cost $ 200 .

[I]Don Miller:[/I]
Shadow videos are interesting and a must for a trader …(shadow videos are free )
Has written a book about his way as a trader …

[I]Bob Volman:[/I]
forex price action scalping $ 35
A must read for every scalper .

Here are some links to blogs and other interesting places that I feel it’s worth taking a look at

[B]Before you start any discussion one any forum read Ray Dalio principles…[/B]

Just read his principles

Then to finish my advises looking trough Don Miller video who give you a more idea what trading really is…*

Watch Internet TV - Live Streaming Video From Livestream.com

Then you can read this article from Zlad*

Learning to Become a Successful Trader

E-Mini Player: EMini S&P 500 Futures Trading Education and Analysis: Learning to Become a Successful Trader

One of the best articles about trading …so google :wink:

Nobrainertrade
A very good blogg from a trader in New York

Good luck I hope this can help you in you trading .

I`m not aloud to post link in this forum ,so you have to use google …

3 Likes
2

Thank you! I was exactly looking for a post like this.

3

[B][I]In my opinion it does not help to spend time with Nial / Capre courses

Their knowledge is too incomplete and lack of knowledge relative to being a good daytrader .
Their marketing is aimed at those who do not have time to study the market , their holygrave a better economic freedom is based on a 4 hour candel .[/I]
[/B]
Have you checked out Chris Capre’s post on here? The information he has given for free is not based on just certain time frames or those who do not have time to study the market. From what I have read he pushes posters to understand what is behind price and order flow.

[I][B]What is the difference between these aforementioned traders from other traders who offer courses / books over the internet ! .
And what do they have in common ? …

All are hardcore day traders , they do not use indicators , they do not use fancy words like pro , advance institutional trading, secret , secret bank bla bla ,
They use no fancy words the strategies as that sniper, hunter , , pivot special 5 min London breakout bla bla …to attract traders
[/B][/I]

Read the first ten pages of Understanding price action. Nothing of the sort regarding indicators, holy grails, secrets as you suggest. I am not a member of Chris Capre’s courses by the way. I have never purchased any course. However I have learnt much more from that one post than anywhere else on the internet in my one year of forex trading.

Not having a go at you, I just found that comment pretty inaccurate in my opinion :5:

Oh, and thank you for the other recommendations, i will be certainly be looking at their work to improve my knowledge.

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@ andrew1185uk

I argued a bit with Chris Capre in another forum …
**"We " registered that Chris had a plethora of self-produced alias that supported him :-))

*I have my opinions about him, and you’ll find almost every word that I mention, if you bothered to google …

Remember that the internet is a wonderful place where you can create your own resume depending on the one what you want.
This has Chris Capre made use of, as most other trading gurus.!!

My comment was that if you want to become a daytrader so is not chris capre right place to seek out.
And when we debated at the worst was Chris Capre a hard core 4 hour trader. Only in extreme seldom went down to the 1 hour chart …

My firm opinion is that best way to develop you self as trader , is you to take many decisions, and let your brain work with the decision you took.

*This is best achieved by daytrade for periods of 2-3 hours.
The decisions you made, the brain will work with when you go to work,
The same is achieved by evening trading on 2-3 hours the decisions you make your brain work with the rest of the evening.

you will analyse mistake and thing you did correct

5

IMO anyone who claims smaller time frame charts are “just noise” is only showing their ignorance of the market. They don’t understand them, so instead of admitting that they just write them off as impossible to trade. That’s a red flag when you’re looking at a course.

Bob Volman’s book was very useful. It’s the only thing I’ve purchased which I felt was worthwhile. Everything else was a waste of time and money.

There’s really no compare in terms of learning to picking [I]one[/I] instrument and sitting down during it’s most volatile period trading micro lots on a small live account.

I’m really enjoying scalping S&P 500 e-mini futures. Transaction costs are much lower than Forex and it just feels tighter and like I have more control over my positions. You’ll know when you’re a successful scalper because you feel like Neo when he discovers how to control the Matrix. So don’t be afraid to branch out to other markets, because they’re all different and some might speak better to you than others.