Learn Basic Forex Trading with Babypips School of Pipsology
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Realistic profit goals?
Hello guys, I’ve recently been looking into Forex, and have started learn small amounts about it. I’m halfway through School of Pipsology, and will continue to find other methods of learning Forex after I’ve completed it. I’m just wondering what kind of profit goals are realistic for a new trader, assuming I have decent knowledge about Forex when I finally start traded with actual money. Ideally, I’d like to try and aim for £100 a week. I have a considerable amount of spare time which I can dedicate to trading. Is this a realistic goal for an new trader? Any advice is appreciated. Cheers.
Question about candlestick pattern recognition software
Hi, I’m a newbie in the Forex world. Over the past few days, I’ve been learning the basics on babybips School of Pipsology. As I learned the candlestick patterns, I was wondering if there is any candlestick pattern recognition software out there that can automatically recognizes some candlestick patterns like Doji, Hammer, Hanging Man and visualize them in the chart. If such software exists, have you ever used any of them? Hows your experience using them? What do you like/dislike about them? Since I’m a software developer myself, I’m thinking maybe I can make one that fits my needs and try to integrate to TradingView as I’ll be using TradingView mainly to practice my trades. Thanks!
Trying to understand how the various types of orders are used?
Completely new to forex and currently attending the school of pipsology. I'm not even sure if this is a real question but I'm wanting to understand whether stop entries, stop losses and trending losses are used in one order? Should I to assume that the types of orders placed play a factor in personal strategy setting?
Hello, I'm a newbie, as you may have guessed by the title. I've just finished the School of Pipsology, have to say this is amazing free knowledge. I've also read a bit of forex FAQ's. I've opened a demo account but frankly i'm still overwhelmed in front of the charts. I think the next logical step for me is to find a good strategy/good mechanical system and backtest it for at least 2 years to be sure that it is good. I'm searching for a swing mechanical system. Problem is i'm not having any luck finding one right now or i'm i suppose to create my own? I mean there are so much indicators. Is there a way for me to save time? What should i do? I'm trying to get the maximum value here, i'll consider everything so don't hesitate to comment.
Just finished Babypips.com's "school of pipsology" and I wanted to write a quick review of it and maybe process some of the information. Overall, I found it to be quite informative, easy to understand, and funny at times. I liked how it gives you a really good idea of how brokers work, how the markets are set up, and the underlying fundamentals behind it (without simply just saying something along the lines of "you basically just bet on what country you think will do better"). I think it also gives the reader a good understanding of proper risk management and how to properly execute a trading strategy. One of the most glaring drawbacks I kept running into was misspelled words/improper sentences/improper formatting. I know this may seem nitpicky but I often found myself questioning the validity of some of their ideas if they couldn't even be bothered to proofread their material before publishing it (call me a choosing beggar but I like my free education to be of quality!). I also had an issue with their oversimplification on some ideas, which ended up contradicting ideas discussed later on. Once again, I am for all intents and purposes, a noob, so babypips was my first real introduction into the world of forex (besides reading the book "naked forex" which I realized I should have read after babypips) so I figured I would give an honest review of the material. I now am at a point where I have a decent amount of theoretical knowledge and am ready to apply it, but am not sure which type of trading strategy I will use. I am looking for advice on where to go from here, which books to read next, etc.
Hi everyone! I just got into forex trading and just completed the school of pipsology course. I was wondering if anyone had any ideas on what I should move on to that has helped some of you get better at trading. I would really like to learn a lot more before I make my first actual trade. Thank you!
A few preliminary notes: I’ve gone through babypips school of pipsology, I own a few series on Udemy for forex, and I’ve been practice trading for about two months. Recently, I found there’s an MT5 ‘Expert’ that allows for manual trading in the strategy tester, and I’ve been working with that quite a bit. My problem is that I don’t appear to be improving at all. I’m just so frustrated; every time I think I’m making a good trade, I get thrown for a loop. I start with realistic deposit (for me) of 500 USD with 1:100 leverage, I trade only 0.05 lots, and I either end up losing it all or floating around that number the entire time I’m practicing. I keep telling myself that even if I’m losing I need to make the best of my situations, and sometimes I do well, but the majority of the time I’m not and it’s extremely discouraging. I know I still have more to learn, but even after all the effort I’ve put into this I still feel like nothing makes sense. I figured that if I put enough time in my brain would begin adjust to the behaviors of the market and I would begin to understand how things are moving, but I’m just wrong more often than not. I do want to keep trading, keep with forex, but it feels like I’ve hit a wall and I don’t know what to do. Any thoughts?
I am currently learning Forex trading from Babypips, and I am really starting to enjoy it. I have just finished the elementary bit of the School of Pipsology, and after I learnt about Stochastic, Parabolic SAR, Ichimoku Kinko, Bollinger Bands, Moving Averages and more I went on my demo account and started practicing them. However, as I used all of the indicators at the same time, the chart became a mess. Then I remembered that I stumbled onto this thread a while back, and I started to question which Indicator I should really focus more on as using lots of indicators is considered "a bad thing" (the meme and comments imply so). Now, my question to you is - how many indicators do most highly experienced traders use and which ones are more important ? Or are they all good, and just depend on the strategy that the trader uses ?
"Super Trader. Make Consistent Profits in Good and Bad Markets" Van K. Tharp
Hi /Forex, As a beginner I am seeking all possible sources of knowledge regarding trading and investment in general. Although I am familiar with School of Pipsology I seek also different kinds of books, which might help. One of those, advertised as a must-read and hard-copy-must-have, is "Super Trader" by Van K. Tharp. It's seems not to be about strategy at all, rather psychological side of trading. I was quite surprised to find no information / opinion about it here. Did any of you read / heard about it? It has quite good reviews on Amazon (DE) and GoodReads. US Amazon -> LINK
I'm working towards FOREX (currency) investing. Anyone here have experience with it?
As the title mentions, I am working towards FOREX investments. I started off by reading the "School of Pipsology" over at babypips.com, which was a big help and I've already began reading John Murphy's book, "Technical Analysis of the Financial Markets". What I'm really curious about are any possible systems that you may have experience with that seem somewhat reliable. I've been toying around with a system which looks for moving average crossovers, with RSI and Stoch for supporting indicators. Any advice in general would be great. I hope there are some FOREX nerds around!
School of Pipsology. Welcome! Are you new to trading forex? The School of Pipsology is our free online course that helps beginners learn how to trade forex. If you've always wanted to learn to trade but have no idea where to begin, then this course is for you. School of pipsology has helped to understand many concepts which seemed so hard to grasp.Really makes learning fun. 25 July 2011, 10:12 am; elias: i love what i read in this and i want to become a member in this school. 10 October 2011, 2:06 am; akinjide kuteyi: An introduction to forex trading. Learn the forex basics. BabyPips.com helps individual traders learn how to trade the forex market. The Pipsology School is designed to help you acquire the specific skills, knowledge and abilities of successful traders in the international foreign exchange market. If you want to start directly into the lessons and start learning how to trade Forex , just click on this link . School of Pipsology. Welcome! Are you new to trading forex? The School of Pipsology is our free online course that helps beginners learn how to trade forex. If you’ve always wanted to learn to trade but have no idea where to begin, then this course is for you. Track Your Progress! Wish there was a way to keep track of lessons you’ve completed?
Babypips Forex Education: Elementary Grade 2 - Single Candlestick Patterns
Welcome to the Babypips School of Pipsology video series. This series is to help new traders visualise the babypips curriculum by using the best YouTube videos that clearly explain the topic ... 17 videos Play all Babypips School of Pipsology Forex Education Video Series One Glance Trader How to use Trend Lines and Channels to Trade! 📈 - Duration: 8:01. UKspreadbetting 23,259 views - Full Babypips School of Pipsology Forex Education Video Series Playlist Welcome to the Babypips School of Pipsology video series. This series is to help new traders visualise the babypips ... 17 videos Play all Babypips School of Pipsology Forex Education Video Series One Glance Trader Babypips Forex Education: Elementary Grade 3 - Using Fibonacci Retracement & Support and Resistance ... Welcome to the Babypips School of Pipsology video series. This series is to help new traders visualise the babypips curriculum by using the best YouTube videos that clearly explain the topic ...