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

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.

A must for every trader

Difficult to read but worth it

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.

Nicely conceived and well written book. As an 'advanced' beginner, I found it to be one of the best trading books I've read, and I've read a lot. Volman sets out a complete scalping approach that actually works (I have been trading it for a few weeks), although I doubt many readers will be able or want to devote the time and effort required. But if you have several hours a day to spare to stare at a screen, and a trading platform with tick charts, then this book can get you started scalping forex. Definitely falls in a tight niche, but it's the best of its sort.

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.

Although I have not read the entire book, what I have is very helpful in teaching/ enforcing the elusive price action - esp in context to what happened on the left of the price chart. If you've come to this point in the ball game Volman points out what you don't know, you do know.The book is well written w/ thorough explanation of the thought process, charts, price action, progress of strategy building one on the other from chapter to chapter.The only thing that I question is why not futures instead of cash? He uses a 70 pip (tick) price bar which is about 30 seconds as Volman notes. Obviously in a fast market it could be much shorter in duration, 10-15 seconds. Also a 1.5 pip spread between the bid ask on EUR/USD (the currency pair used exclusively in the book) is about the same as the spread on 6E which is on a regulated exchange - other than the algos (pun intended.) If I'm guessing correctly it is most likely the no commission/ exchange fee etc. I'll stick with 6E.For this type of read it's "easy" to readIf you are an indicator type person this book is not for you - although keep in mind everything comes down to price (action.)