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?
So what have we learned?
Scams ARE real!
Yes! Really bad people are out there trying to make a dishonest living. However, unlucky for them, you are smart! You know that the only way to succeed in currency trading is to learn from square one and build trading experience!
Now say this three times out loud:
"I will not fall for no-risk robots! I will not succumb to guaranteed returns! Lastly, I will not be lazy and let someone else trade me lucky charms *cough* I mean my money for me!"
Now that we have that over with, let's close out with some questions our viewers have asked us countless times!
Q: How can I protect myself from fraud?
A: Easy. Be educated. Be smart. Know what a scam looks like. Anything that seems too good to be true usually really isn't true.
Q: How do I choose a forex broker?
A: First and foremost, make sure the broker is regulated by a national agency. Research, research, and do more research! And for reference use our Broker Guide!
Q: Can forex managers be trusted?
A: If your forex manager is yourself, yes! If not, I'd exercise extreme caution. But if you're persistent and want to find out the hard way, do a background check and make sure the person has proper licenses and certifications.
Q: Are forex robots profitable?
A: Is the moon ever blue? Forex robots are never profitable because their preprogrammed technical indicators cannot adjust for the ever-changing market conditions.
Q: Who do I contact if I suspect fraud?
A: There are specific organizations depending on your location.
Q: Where can I capture me a leprechaun?
A: Look for a unicorn. Where you'll find a unicorn, you'll find a leprechaun!
So remember, forex scams DO exist. Be wary of them and hold onto your hard earned money. The good news is that there ARE legitimate forex companies out there. Make sure you do thorough research on a company if you are thinking about giving them a shot.
Ask other traders on the forums if they've had experiences with them. There is a wealth of information on the Internet so do your homework, use your head, and you'll be just fine.
While you are logged into your account,
you can save your progress in the School of Pipsology!
- Forex Account Managers
- Don't Be a Sucker!
- Automated Robots and Systems
- Signal Services
- Some Brokers are Scammers Too!
- Regulatory Agencies
- Foreign Regulatory Agencies
- Scam FAQ