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?
Love the Game
NBA champ and MVP Kobe Bryant MAKES 1,000 shots a day in practice to increase his chances of making the 20-30 shots a game he takes.
Along with team practice, Peyton Manning (NFL champ and MVP) watches hours and hours of tapes of opposing teams every day (even during the offseason) to develop his uncanny ability to read defenses and score against them in one 60-minute game a week.
Tiger Woods wins golf tournaments for a living. He has won 14 major golf tournaments and 71 PGA tour events - more than any active golfer. He practiced religiously every day for 15 years before winning his first pro event at the tender age of 18.
The obvious commonality between these champions is that not only do they work their butts off, but they also love with they do. They love the challenge and the competition.
Their passion for the game is so strong that it gets them through the hours upon countless hours of tedious tasks that others may not enjoy like tape watching, suicide drills, weight training, putting drills, etc.
To them, these things are fun!
Again, we're not gonna sugar coat things. You're all big boys and big girls.
There will be days when trading SUCKS!
It will get to the point where you think "Gosh darnit! $(*&!! I wanna quit now."
There will be days when you will be totally clueless. You won't understand why the market is not moving with the news or why your mechanical system is getting chopped up.
There will be days when you will feel extremely lazy. You won't feel like journaling. You won't feel like reviewing your trades.
Trust us, you will experience a lot of these days. Especially in the beginning.
On days like these, it's the "love of the game" will keep you doing the things you need to do to become a good trader.
To become a good trader, it doesn't take a genius IQ, an Ivy League pedigree, or the need to have three arms and three eyes.
It will take hours, LOTS of hours of market study, chart time, and deliberate practice to trade well. If you embrace the challenges of trading the market and have fun picking it apart, your chances of surviving and thriving will be awesome.
Okay, that's it. Thanks for listening and completing the School of Pipsology.
We really appreciate that you decided to begin your forex trading journey with us.
Now go forth and get going by starting your trade journal at MeetPips.com.
Open up a demo account to practice trading. ReviewPips.com is probably the best place to find reviews on all forex products and services, and it can help you decide which broker may be the best for you.
If you're still rebellious and still aren't trading with stops, bookmark FreshPips.com. That way you can stay abreast of news can monitor your open trades instead of being margin called due to huge price spikes.
For you mechanical traders, you can analyze the performance of your system on MT4Pips.com.
And if you have a question you've been yearning to get answered, don't be shy. Post your question on AskPips.com.
That's all the shameless promotions we got for now.
Once you're all set up and ready to trade, it's up to you from then on out.
Grind it out.
Never quit improving every day and you could change your life for the better.
Good luck and good trading!
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?