Educational Material

my question is, if all you learn at babypips.com is enough to turn you into a profitable trader? I mean does it have like everything you need to know, or are there still other things around to look at?

ty

Just like you can read up on any topic, its the actual practical skills that you then need to work on. If you ‘READ’ how to fly an aircraft does that make you a good pilot, no!

Depends what level you get to on babypips. If you leave at the high school stage you will earn as much a typical high school leaver earns. If you graduate from babypips university you will know everything - like Neo in the Matrix.

LOL, Im guessing thats what Golden did! He is still waiting for the certificate from Baby Pips University to pin on his wall

lol sick quick answer, allright you’re saying basically the whole forex world is written here on your website, but you have to work on the skills then am i right?

I will gift you with one of my rare serious answers. What you read on here will help you understand what others are talking about, but it will not teach you how to trade. The only way to learn is by spending time trading.

doesn’t make sense, no serious note now,

i meant the basics to get you started or more? , ofcourse you have to trade to learn it.

Babypips educational material doesn’t give you any direction how to trade, it just gives about 20-30 different conflicting ways of how some traders trade. Yes, you can start with the material there, but you will have to go through a lot of trial and error to find one that you think works for you most of the time, and also how to apply it.

Yes, babypips will get you started, but to be a successful trader you will need to further you knowledge both practical and theoretical. So to answer your question, yes, you are on the right track to START with

yes i meant the further theoretical knowledge where to get that from? :smiley:

Well thats going to be up to you. You will ‘home’ in on certain aspects of trading that give you more interest than others, and so you will want to read into this area allot more. Trading in general is huge, there is no single resource that will cover all the basics of every type of analysis. So start here, find an area that you want to further read on, and then find that info in the usual way. Search for trading book, ebooks, google, call up brokers… if you want this info then trust me, you will find it.

Dont get me wrong, ive been at this for four years, in a hardcore way, and still I have area of interest that im reading up on. You will not get to know everything, so find a trading approach that interests you the most, and work on this! Like many people say, the individual trading approach is down to the individual trading it. Thus, there are many different trading approaches.

Even if i told you exactly how to trade my own trading approach, you would trade it differently, as we both have different levels of mentality and attitude to risk.

Ok, tyvm for the answers :wink:

If you are brand stinking new, start with the babypips school.
Then go to this thread 301 Moved Permanently and watch all the videos and read through the thread

Actually this was the opening question in this thread, if you had read the entire thread, which is rather short in comparison to the thread you are listing as a valuable resource.

And as for the thread which is ran by ICT, I would personally not go straight to that after learning the basics. Sure it seems to be a good trading approach, but by following this with a new fresh trading background you are already isolating all other routes that can be taken when deciding the most efficient route. As a new trader you should always be looking at all routes, and you decide as an individual which trading approach best suits you as a person. We all know we all have various appetites which are linked to our individuality personalities, and so being led down one route at such an early stage, in my view, can be damaging as you are already being led to on possible route of many many more that are actually available.

babypips school is great! i definitely think focusing on getting through that first would be a good idea. and not just reading it overnight, but actually trying to apply what you learn in every lesson and working your way through the course.

another good resource is dailyfx.com. you can follow along with some of their analysts, they make picks and write why they are making those picks, etc. So you can see how a real analyst trades. Although there is something similar here on babypips, that’s just an additional resource. They have a lot of technical analysis there too so it’s a useful resource for when you’re actually trading.

BabyPips is a great resource to learn the basics of trading! But in order to be successful, you need to find a strategy that fits your personality. This means experimenting with different strategies by backtesting them and trading them in a demo account to see how it works for you. Chris Lori and Rob Booker have helped me the most, but that is just what helped me. It may be different for you.