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Learn price action from Al Brooks’ video course: https://desiretotrade.com/brookstrading
In this episode of the Desire To Trade Podcast, I sit down for a 2nd time with price action trader & scalper Al Brooks.
Al is an absolute legend when it comes to price action. He wrote several books on his findings after studying and trading price action for several years.
Watch my first interview with Al Brooks (2 years ago): https://youtu.be/Uus2Vmo-tvc
Check out the Desire To Trade Merch: http://bit.ly/2ySpeJ7 (use the promo code YOUTUBE10). All profits go to charity.
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Forex Brokers:
AxiTrader: https://d2t.link/axitrader
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Best Platform: https://desiretotrade.com/tradingview
Backtesting Tool: https://desiretotrade.com/soft4fx
VPS (for algo trading): https://desiretotrade.com/vps
Trading Journal: https://desiretotrade.com/journal
// MUSIC
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// ABOUT ME
My name is Etienne Crete (from Montreal, Canada). I’m a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That’s why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you’re good at.
// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
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Thank you for trusting me with my truthful and reliable opinion on any future purchase you may make. I always disclose this information when it is the case. As part of the Desire To TRADE family, you allow me to be able to use affiliate/referral links when suggesting items for purchase. As a customer of the products I refer, you help me sustain the time and resources to create content on this channel by generating revenue from your sales. This doesn’t affect you in any way in the checkout process (I’m sometimes even able to arrange a discount for you that is special from other customers).
Scalping Trading Books, The Best Price Action Trader In The World! – Al Brooks | Trader Interview.
Can you make it through scalping?
Yes, surviving a scalping has actually been known to happen. Many times the survival becomes a short term point, however, as the victim commonly catches infection or the onset of lethal cells around the wound location.
What Currencies Trade in Foreign Exchange?
Although some retail suppliers trade unique currencies such as the Thai baht or the Czech koruna, the majority of dealers trade the seven most liquid money sets in the world, which are the four “majors”:.
- EUR/USD (euro/dollar)
- USD/JPY (dollar/Japanese yen)
- GBP/USD (British pound/dollar)
- USD/CHF (dollar/Swiss franc)
and also the 3 product pairs:.
- AUD/USD (Australian dollar/dollar)
- USD/CAD (dollar/Canadian buck)
- NZD/USD (New Zealand dollar/dollar)
These money pairs together with their various mixes (such as EUR/JPY, GBP/JPY, as well as EUR/GBP) account for greater than 95% of all speculative trading in FX. Given the handful of trading tools only 18 pairs and also crosses are proactively traded the FX market is even more concentrated than the securities market.
Final Verdict:
It is essential for a trader to do their study as well as understand what money trading actually includes; several of this will originate from experience, which is why finance is so essential, and also some of it will certainly come from educating one’s self. The money markets contain misconceptions that can hurt an investor’s possibilities at success or can lead her astray. Develop a solid trading strategy that is directly examined as well as take complete duty for the success or failing of that strategy; in this way the affects of the myths will certainly be decreased or thrown out altogether. (From picking the right type of supply to establishing stop-losses, discover exactly how to trade carefully.
The Best Price Action Trader In The World! – Al Brooks | Trader Interview, Find interesting details and vids explaining Scalping Trading Books and financial world, evaluation, trading signals or Forex broker recomendations.
Financial Warning:
Please note that trading in leveraged products might entail a substantial degree of risk as well as is not ideal for all investors. You should not risk greater than you are prepared to lose. Before determining to trade, please ensure you recognize the threats included and think about your level of experience. Look for independent guidance if essential.
