About the Beginner Questions category

No, they’re not the same—but they mean the opposite.

Buy USDJPY = you expect the USD to go up vs the JPY.
Sell JPYUSD (if shown that way) = also means you expect USD to go up vs JPY.

So, Buy USDJPY = Sell JPYUSD — they’re just flipped versions of the same idea.

Most platforms (like MetaTrader) use USDJPY, so just flip the signal direction if your provider uses the reverse order.

isnt that different brokers use different symbols? or is that platforms?

Price can definitely move aggressively with very few orders. In fact price is more erratic and aggressive when there are less orders.

Take for example orders in the central orderbook in an exchange based market like futures. A major news event will see passive limit orders more or less reduce by 50% creating a very thin orderbook.

Price moves and fills those fewer orders on both sides of the book creating lots of volatility often see price surge several points or several pips with less than 50% of the orders driving all this activity. So it’s obvious that price does not move because of orders but the number of orders traded at a price level (actual confirmed trades) could be significant in the sense that it is implying that this level was significant to a single group of large interests.

So volume of orders filled at a price is important. Secondly the market will be drawn to areas where there is a large amount of passive orders (limits) for predatory reasons. So areas of perceived liquidity will be relevant as well.

Hope this helped you.

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Hi, I’m new to this world, I’ have a friend who was involved in Sovereign Trader Ai but I’m wondering if theres any other companies to stay away from in Australia?

Hi, New here. Currently doing the; How to find the COT Report on Undergraduate program on School of Pipsology and the link to the COT keeps saying: 404 The data has been moved. Can someone please help me with where I could see the weekly COT for Forex. Thanks :slight_smile:

Hi. I am new here. What trading strategy is best for beginners to choose? I prefer to trade by currency pairs.

I really miss the good times of School of Pipsology, 11 years ago, when I was so naive and full of hopes. I didn’t know how many obstacles were waiting for me. Well, at first I was really successful at news trading, but when it got destroyed because of the Brexit, I had to reinvent myself and it took 8 years to become profitable in trading again. Years of frustration could be saved if I could be guided by some successful traders, but they never share their secrets. Why would they? But I am not complaining: achieving everything on one’s own by gathering knowledge bit by bit is an amazing and fascinating path.

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can you give help what the things i need to learn . nearly i watch so many youtube videos and courses some of them give littile bit knowledge most of thome dont’ what are the mistake you do . thing i need to give more focus on

The only steps you need to follow in order to become profitable:

  1. Learn the absolute basics on school of pipsology.
  2. Learn from the best traders (can show a verified track record). Find them on Myfxbook.
  3. Develop of find a profitable strategy proven by extensive back testing.
  4. That’s it: you are a profitable trader.

Try this one: COD Report