Can someone please highlight the pro's and con's of the books vs the videos?
Al has mentioned the difference (primary, secondary?) between the books and the video to him was being able to hold a book in your hand. I'm thinking he's basically saying the same as ncsutrader "drawing... on the side of the page..."
Understanding that as well, I guess my question is are the videos easier to glean/ absorb/ understand/ grasp/ comprehend information than the books?
Bill, in my experience as a learner and as a pastor/teacher people learn in various ways. Personally, it has been very helpful to me over the years to get a comprehensive dose of whatever I am learning. As an example, I read my Bible, I listen to my audio Bible. Sometimes I SEE things i didn't hear. Sometimes I HEAR things I didn't see. Sometimes I read aloud to myself to help clarify and cement ideas.
I have found this with Al Brooks' materials as well. I like having both the books and the videos. If you are struggling with the book, go to the appropriate video presentation and let Al walk you through his slides verbally. Sometimes that makes things "click". Another advantage to the Videos is that you can speed them up in your media player and listen to the entire presentation, make a note of things you want to understand better, then go back at reduced speed, pause, think, and absorb the material. If you buy the videos and wish you had the slides to print out and annotate, well let me just suggest going to the source and seeing if that is a possibility :^)
I am 50, don't learn as fast as I used to, and find all approaches helpful. I have never regretted the money spent on Al's materials.
His teaching on price action is helpful whether you trade "naked charts" or with a few indicators that are back up reinforcement to what you think you see in the price. Al helps you understand what moves the market and how to make choices with higher probability based on those movements. The videos were very helpful in my case.
Hope this helps.
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Bill, I find that the videos are most helpful because I can print the chart Al is using and make note on that chart as he talks. I am not a fast writer so the ability to pause, write a note and then listen is great. I like the books, but the videos seem most efficient in my case.
Hope this helps.
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I'm about halfway through the video course and so far it is fantastic. Al points directly to the bars he is talking about so there is no confusion and the commentary has more practice than theory. The videos are like attending lectures (though without questions) and the books are the texts for a graduate level course in price action.
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It's politically incorrect to laugh at your ADHD challenged brothers. Personally, I use the speedup feature all the time. Hell, I listen to audio books while simultaneously reading another book.
In all seriousness though, it's estimated that ~30% of people are auditory learners. For them, listening to a course will have much more benefit than reading the books.
~65% are visual learners. They will still benefit due to the slides in the course, but maybe not as much as reading the books.
For those interested in the course, ask yourself what learning style fits you best.
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First an opinion on Price Action Trading: Over the last year I have used several trading approaches (Fibs, tick Charts, using Internals, Stochastics, Divergences, etc). Am sure that if you master any approach to trading you can be profitable. However, Price Action - Al Brook's style goes better with my personality than any of the others.
Video Course: I purchased the first book and was having trouble following, since I am rather a new trader and even newer at Price Action Trading. So I decided to spend the money on the video Curse. It is the most value I have gotten for the money of anything that I have purchased in the past.
I decided to Master Price Action trading. I will not trade any other approach, or read any other material until I master this approach. I have gone through all the 50 videos for a first time. It took me 45 days, as I was making notes and taking snapshots of the key slides, and studying before going to the next one. I am now on my second viewing on Video 20. My plan is to watch the videos at least 5 times.
I started to apply the approach a month ago trading demo. Also, 2 weeks ago I joined his trading room to get additional instructions and to see how the material is applied to live trading. It is working great.
Summary: If Price Action trading goes along well with your personality, this video course would be of great value. But you need to be aware that if you are a begging or intermediate trader, you will need to commit a lot of time to learning the concepts, and even more time to mastering and becoming profitable with the approach.
To me, this is exactly what I needed in my trading journey. I am 100% focused on it, and I am committed to mastering it. Because of that, this is the best instruction I have found.
Last edited by hectormas; May 16th, 2013 at 07:19 PM.
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