Forex Price Action Scalping: An In-Depth Look into the Field of Professional Scalping

Best book

A must for every trader

The best book on scalping the forex market. It is a no nonsense book, and gets to the point without marketing a system or product. A must have for any scalpers.

Difficult to read but worth it

This is actually the first time I write a book review, but since Bob Volman's book is so good (in my humble opinion), I decided to take the time to convince others that 'Forex Price Action Scalping' is worth every penny. Simply said, it stands out from all other Forex books. No 'getting rich quickly plans', no setups that will make a 'killer profit'. Just sound advice that will make you a decent scalper, if, and only if, you are willing to put in thousands of hours training and learning the craft. This is a serious book for the serious trader and, as mentioned before, has many parallels with the book on trading price action by Al Brooks(books that is, since he rewrote his first work and spread the information among three books). Al's book is a real masterpiece, but a very hard read. I believe Bob does a better job in writing a readable book. The only thing I miss, are some insights on how to deal with/ or to refrain from news. Apart from that, I really like the fact that this scalper gives us an insight in the work and methods of a Forex scalper - this in contrast with the many books on scalping in futures markets. If you are planning on becoming a serious Forex trader - then by all means BUY THIS BOOK!

Si puedes leerlo en inglés, es una gran herramienta para aprender auténtico "price action" en temporalidad de 5M. Tiene muchos gráficos bastante interesantes, no sólo de grandes tendencias, y el autor tiene los pies bastante bien asentados en el suelo, sin ofrecer al lector hacerse millonario en dos meses tras leer su libro.

Il libro ha un titolo un po' fuorviante in quanto parla di FOREX trading ma, in realtà, i principi in esso enunciati a mio avviso ben si adattano a qualsiasi tipo di analisi del prezzo su grafici "veloci". L'autore tratta di 7 set-up abbastanza accessibili anche al neofita, basati sull'analisi del grafico a candele a 70 tick, in sostanza un grafico molto veloce ove ogni candela viene tracciata sulla basa di 70 transazioni sul mercato FOREX. Molto correttamente, a mio avviso, l'autore non consiglia l'uso di indicatori o oscillatori esoterici, ma soltanto di una banale media mobile esponenziale a 20 periodi, per cui al lettore viene insegnata la mera (ed efficace) lettura dell'azione del prezzo e l'operatività conseguente è dettata dalla lettura che i set-up consentono di tale azione. Si tratta, beninteso, di una trattazione delle basi che non arriva certamente alla profondità e alla complessità di quella di Al Brooks nella sua monumentale opera in tre volumi, reperibile almeno in formato Kindle su Amazon.it. Tuttavia, al contrario di quella di Brooks, la trattazione di Volman è accessibile e "digeribile" anche dal lettore meno esperto. Ovviamente, come tutto ciò che riguarda il trading, il libro va letto, capito e studiato; poi va testato con piccole somme sul ForEx ove è possibile fare trading anche su mini contratti, mettendo a rischio 20$ max ad operazione. In sintesi: lettura suggerita come base di partenza e soprattutto, senza aspettative di aver trovato la pietra filosofale che trasforma ogni vostra operazione in oro. PS La pietra filosofale vi serve per distinguere i cialtroni dai trader seri. Se qualcuno vi promette un guadagno certo o un x% garantito, bene quello è sicuramente un cialtrone.

Zu Anfang hatte ich großen Respekt Fachliteratur in englischer Sprache zu lesen, da ich mir dies sehr schwer vorgestellt habe. Nach rund 100 Seiten (und vielem Nachschlagen bei Online-Übersetzern) bin ich allerdings immer schneller voran gekommen. Der Inhalt des Buches ist m.E. umfangreich genug und der Autor zeigt durch passende Charts auf, was er beschreibt. Auch ist in dem Buch eine Mail Adresse des Autors und ich konnte dadurch Kontakt mit ihm aufnehmen. Er beantwortete meine Fragen zu meiner vollsten Zufriedenheit und sehr schnell. Da ich von diesem Buch bereits so begeistert bin, habe ich mir auch das zweite Buch von Bob Volman bestellt und lese dieses bereits.

I love this book. Volman tells the truth to traders. It's not going to be an easy road. He backs up his "system" with years of annotated charts available freely via drop box. It's not price action in the "classical" sense. There's no real bar by bar. It's an overall sense of the underlying forces you're looking to decipher with Volman's approach. And then to get in he has a few "setups". BUT you must read those forces correctly first. Bob Volman is English, the UK variety, so his phrasing is different at times than what you'd expect from an American or Canadian saying the same thing. Nevertheless his writing is captivating and compelling. Could you learn to trade by this book along. YES. Actually, if you didn't bring any old garbage to it you'd be much better off. Other books on price action are theoretical with some failed trader as your teacher. Just because they write better would you follow their guidance instead? I'd hope not. Volman is so practical. I learn by watching and doing, not by theorizing, which is why I think this worked so well for me. Overall this is a great book on scalping the EURUSD. I have tried the technique on the Dow Futures (YM) and the Nasdaq Futures (NQ) but these instruments don't move like the euro or exhibit it's personality in any way. However I have since given up on the crazy index futures for a relaxing career scalping the euro. You only need one instrument. This book, style, technique is not for everybody but it sure was for me.