Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders 523: Mastering Price Action Trading Will Make You Profitable - Al Brooks
In episode 523 of the Desire To Trade Podcast, you will be listening to an interview with price action legend, Al Brooks, discussing how mastering price action trading will make you profitable. If you've ever found yourself holding onto a losing trade, hoping it will turn around, you're not alone. In this conversation, we dive into the mental traps that trip up beginner traders and how to develop the clarity needed to trade without stress. Al shares decades of hard-earned wisdom on reading charts, managing risk, and the one thing that should never be part of your trading plan.
The video is also available for you to watch on YouTube.
Topics Covered In This Episode- 00:00 Introduction
- 00:45 The journey to learning price action
- 02:19 The “dishonest" early days of trading education
- 03:38 The realization: self-education is key
- 04:41 The common beginner problem: wiping out gains
- 06:05 The right way to scale into trades
- 07:47 How to know when you're wrong
- 09:10 Identifying a trend reversal
- 10:10 The experienced trader's mindset
- 11:23 Overcoming bias in trading
- 13:11 Protective stops for beginners vs. experienced traders
- 14:08 Making price action objective
- 16:23 Trading in a 40-60% probability world
- 18:05 Reward-to-risk and swing trading vs. scalping
- 19:54 The emotional toll of scalping
- 22:11 Adapting to different market times
- 26:11 Where to find Al Brooks
What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!
Desire To Trade's Top Resources- DesireToTRADE Forex Trader Community (free group!)
- Complete Price Action Strategy Checklist
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What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!
How to find Al BrooksWhat one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!