I am new to trading and I want to learn and use market profile and order flow analysis in my trading. What would be the best resource to get some beginner information on these subjects and what would be the best to master these methodologies?
In addition, there are many many webinars on futures.io (formerly BMT) that cover volume profile, footprint, and orderflow.
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Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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The following user says Thank You to Big Mike for this post:
In addition to the above suggestions I'd strongly recommend reading the books below. First read will not make much sense so don't get discouraged. Read both books once a month and each read should highlight new concepts/ideas.
the book "mind over the markets" is the best trading book there is!! i can tell you!! i read a lot of books and i did a lot of courses, this is a book that you will never understand after the first time, trading its something you dont learn after one book or one course, this is a knoledge that its "come in to you" over some time, there are some peaple that after few months and there are some peaple after years, dont get inside this world if you only want to "get rich" over a minute becouse it wont happend, take your time and study a lot.
there not a lot of courses that open your eyes like this book, i will try send you links about websites that learn like james dalton, "shadow trader blog" is one of them and there is a lot of movies in you tube about this.
good luck hope it helps!
The following user says Thank You to eranajo for this post: