Pls can someone really become a professional by learning on babypips alone
NO.
Not because this great site is deficient in educating traders, It’s because you need to put in the hard work for months, if not years, to become competent - your initial aim and probably also your long term aim. And that means trading a live account for years and learning from making mistakes, which is the norm for everyone.
Also, entering the FX market now is fraught with reactionary sentiment relating to Covid 19 and its effect on global economies and currencies. Best of luck.
Thank you Steve for your contribution❤
Education is so important and you will get that in spades here but the second part is practice and real world experience of the markets. That will teach you the lessons that BP cannot.
I think BabyPips is more like a starting point. It can get you started towards the right direction, but I agree with what the others have said.
At the end of the day, whether you’ll be a profitable trader or not highly depends on you.
But, I hope you get there eventually! Good luuuck! I’ll be cheering for you.
Of course you can’t maste trading only by learning content from forums like this. Trading activity like any other siilar activity always requires not only theoretical knowledge, but practice as well. Trading activity, I guess, even requires more practicing than any other similar kind of activity. Learning in trading takes about 20-30%, the rest should be allocated for praticing, because practicing brings every trade experience which is considered to be the most influential thing in trading.
However, nobody prohibits you to search for various educational content in order to fill up your knowledge base, moreover it’s also adviced by professional traders. All you need to do is just to distribute your time correctly.
Babypips doesn’t market itself as turning Joes into pros, so no. I am firm believer, though, that along with quality demo trading that includes journaling, understanding position sizing and risk management, and learning to maintain control over your emotions (which can be learned here), you have to put in the time to learn various other disciplines that increase your likelihood for success once you go live. And even then, to put yourself into the best position, you need adequate funds to start your live account.
As others have mentioned, for an absolute beginner, that will most likely take years.
everything depends only on you, and third-party aspects cannot completely resolve the issue with your success in forex or anywhere else
The importance of education cannot be overstated, and you will receive it in spades here, but the second component is practise and real-world business experience. That will teach you the lessons that Baby Pips or any other site will not be able to teach you.
the importance of education is really need but sometimes in spite of having much education the result of trading can be useless , if there is no regular level of practice.