Does the books' techniques for trading actually applies in real life?

<p id="isPasted">I wouldn’t say is totally useless, but it also depends on your cognitive style. There are webinars out there as well as videos and seminars. So you have options. In any case, I think you should include practice no matter what. Most brokers offer demo accounts so you can actually feel and test the platforms, put what you just learned into practice and overall see how trading is.</p><p>I’d recommend you to check investopedia .com material as well as the “freebies” and “webinars” sections from bestforexbonus .com. For the demo, maybe try the neutral platform from investopedia, or just go for any broker with 4 or 5 stars on forexpeacearmy. com</p>

<p id="isPasted">Yes, Bob Volman's techniques are highly applicable in real-world trading, but they are known for being difficult to master due to the extreme speed and discipline required.&nbsp;</p><p>Many professional traders consider his books, especially Understanding Price Action, to be foundational "classics" for learning how to read naked charts. However, their real-life success depends on several factors:&nbsp;</p><p><strong>1. High Learning Curve</strong></p><ul><li>Not for Casual Traders: Reviewers often note that his strategies require hundreds of hours of chart study to develop "fluency" rather than just memorizing patterns.</li><li>Modern Challenges: In today’s markets, high-frequency trading (HFT) and algorithms can create "noise" on the low timeframes (70-tick or 1-minute) that Volman uses, making the "squeezes" and "buildups" harder to identify in real-time.&nbsp;</li></ul><p><strong>2. Profitability in Practice</strong></p><ul><li>Consistent Edge: Some traders report achieving consistent profitability by strictly following his "Double Pressure" and "EMA Buildup" setups.</li><li>Low Win-Rate Tolerance: His methods often rely on a high volume of trades with tight stops. In real life, transaction costs (spreads and commissions) can quickly eat into profits if your broker doesn't offer extremely low spreads (ideally under 1 pip).&nbsp;</li></ul><p><strong>3. Execution vs. Theory</strong></p><ul><li>The "Punch in the Face" Factor: Traders often find that while the setups look clear on static historical charts (as shown in the books), making the same decision in a "live fire" environment with money on the line is vastly more stressful.</li><li>Strict Discipline: Volman’s "Tipping Point" technique—exiting immediately if a setup is invalidated—is his most practical advice, but it's also the hardest for most people to follow emotionally.&nbsp;</li></ul><p><strong>Practical Advice for Starting</strong></p><p>If you want to apply these techniques, most experienced traders recommend:</p><ul><li>Start with the 5-Minute Chart: The 70-tick chart is often too fast for beginners; the 5-minute timeframe (covered in his second book) is more manageable.</li><li>Focus on the EUR/USD: This pair typically has the lowest spreads and highest liquidity, which is essential for Volman's scalping style.</li><li>Paper Trade First: Use a demo account to see if you can actually spot his "Block Breaks" or "Range Breaks" as they form, not just after they've already happened.&nbsp;</li></ul>