Preschool>= Lesson Status ?
Kindergarten>= Lesson Status ?
Elementary>= Lesson Status ?
Grade 1 Support and Resistance Levels
Grade 2 Japanese Candlesticks
Grade 3 Fibonacci
Grade 4 Moving Averages
Grade 5 Common Chart Indicators
Middle School>= Lesson Status ?
Grade 7 Important Chart Patterns
Grade 8 Pivot Points
Summer School>= Lesson Status ?
High School>= Lesson Status ?
Grade 9 Trading Divergences
Grade 10 Market Environment
Grade 11 Trading Breakouts and Fakeouts
Grade 12 Fundamental Analysis
Grade 13 Currency Crosses
- What is a Currency Cross Pair?
- Crosses Present More Trading Opportunities
- Cleaner Trends and Ranges
- Taking Advantage of Interest Rate Differential
- Obscure Crosses
- Planning Around News and Fundamentals
- Creating Synthetic Pairs
- Euro and Yen Crosses
- How to Use Crosses to Trade the Majors
- How Cross Currency Pairs Affect Dollar Pairs
- Summary: Currency Crosses
Grade 14 Multiple Time Frame Analysis
Undergraduate>= Lesson Status ?
- Why Keep a Trade Journal?
- Benefits of Keeping a Journal
- What Should You Record in Your Journal?
- Potential Trading Area
- Entry Trigger
- Position Sizing
- Trade Management Rules
- Trade Retrospective
- Trading Journal Statistics
- Reviewing Your Trading Journal
- Difficulties of Keeping a Trade Journal
- Summary: Keeping a Trade Journal
Graduation>= Lesson Status ?
- Which Trading Style is Best for You?
- Which Currencies Should You Trade?
- What is Your Level of Trading Experience?
- Should You Be a Discretionary, Mechanical, or Hybrid Trader?
- What Kind of Mechanical System Suits Your Personality?
- What is Your Attitude Towards Risk?
- What Kind of Stop Suits Your Trading Style?
Congratulations! You Made It!
You made it!
You've read all six gazillion pages of the School of Pipsology and now you have everything you need to conquer the forex world, retire in a year or two, and then go travel the world in your Gulfstream jet, right?
Think again noob!
Sorry to burst your bubble, but you have just barely scratched the surface.
We're not going to sugarcoat things. We told you early on that it was going to be difficult.
If you're a noob and just finished the School, you're most likely going to be horrendously bad at trading.
But that's okay. Unlike noodles, there's no such thing as an instant expert trader. Anything that's worth learning well takes time. That's why instant noodles taste disgusting.
Going straight into the markets and trading a live account would be like trying out for the NBA just right after reading "Basketball for Dummies".
You'd probably get out-smarted, out-hustled, out-muscled, and out-maneuvered. You just haven't developed the skills or mental/physical conditioning enough to hang with the pros yet.
It's the same thing in the markets.
The currency world is dynamic and complex. It is ruled by braniacs with PhDs and MBAs from Ivy League Schools, who have huge amounts of capital, and all the technological toys money can buy.
When you enter the forex trading world, you have be ready to dive in and wrestle with the biggest sharks. And they love feasting on noobs.
Are you scared now?
We just did that to make sure you understand that even though you've got to have fun in everything you do, forex trading is serious business and you have to approach it that way.
With all that said, anyone with the passion and commitment to learn this business has the chance to get their piece of the pie and then some.
Yes, you can make it, but before beginning your Forex trading adventure, here are a few lessons we've learned that we'd like to share to help you get started on the right path.
While you are logged into your account,
you can save your progress in the School of Pipsology!
- Congratulations! You Made It!
- Focus on the Process. Not on the Profits.
- Holy Cow! There's No Holy Grail!
- Be Patient. Stay Disciplined.
- Love the Game
- School's Over! Now What?