1. How and when did you find out about forex trading? What did you think of it then?
I found out about the forex market about 2 years ago while having drinks with some friends of mine and talking about the stock market. At first I thought it’s just a load of BS if there was a market that big how come I never heard of it.
2. What made you decide to start your forex education?
[I]Well I had been trading stocks before and doing okay at it but I had a buy and hold strategy which right now is very hard to do in any market especially the stock market.
While my friends and I were talking, he mentioned that with forex it didn’t matter which way the market went – I could still profit. I didn’t believe it. I had never heard of anything like that before. [/I]
3. Tell us how you found out about the School of Pipsology.
[I]I still had a buy and hold strategy in my head and just could not understand that if the market is in a downtrend; how can I make money? So my buddy recommended that I check out this free training course on one condition that I finish it and if I still didn’t get it or thought it was a load of BS then that’s fine. That course was the BabyPips School of Pipsology.
So I agreed to check it out and I must say I never looked at the markets the same way again. I was hooked even before I finished the kindergarten section of the School. [/I]
4. How long has it been since you graduated from the School of Pipsology? What are you currently doing forex trading-wise?
[I]As I progressed through the School, I went ahead and started a demo account since I am a better learner when I can apply what I am studying in real time. I learned a lot of different things along the way to find myself as a trader. It’s been about a year now since I graduated from the School and been live trading for about a year.
I started with a small account just to get my feet wet and see what I could do when the pressure was on. In the beginning, it was rough but I got to say I never really blew out my account and once I found my way I have never looked back since.
I only trade part time mostly the Asian session since I work full time so I am by no means a rich man but I must say I am doing pretty well. I feel as though I am living proof that a part time trader can make it in forex. I hope to be a full time trader one day but with my wife being a diabetic and 2 little babies I got to have the health insurance that forex does not offer unfortunately. If it did I would probably go full time a lot sooner.[/I]
5. What was the most difficult lesson in the School of Pipsology for you?
The hardest part of the school for me was probably Summer School. Trying to remember all those rules on Elliot wave and harmonic price patterns to me was way too time consuming. I still to this day don’t have that part down but I don’t trade with them anyway.
6. Of all the lessons in there, which one is your favorite? Why?
They are all very good lessons but if I had to pick my favorite it would have to be Money
Management. In my opinion, that is the most important part in trading. Use me as an example; I win about 50% of my trades yet my account grows every day. It is hard to do but that has to be the most important.
7. How did you go about the School? How much time a week did you devote to it? Would you say your pace was slow, fast or just right?
I am a fast paced kind of guy. I will have to say I devoted all my free time on the School and demoing what I learned in the School or the charts. To me the pace was right but I would recommend going slow and taking your time; it is all important information. Some of the information I don’t use today but I feel you must be aware of it to be successful.
8. Is there anything you would want to change or add to the current School? Why?
I would add a section on price action. There is tons of info on every indicator out there on the web but you will find very little on price action. The school does cover a lot on price action but it is spread throughout the School. I think one formalized section dedicated to price action would be great. I am a pure price action trader but I also believe that no matter what kind of strategy you have if it is using indicators or whatever, that if you use price action as confirmation, you will greatly improve as a trader.
9. What would be your advice to anyone who’s about to start their School of Pipsology learning?
[I]The best advice I can give to a newbie starting the School is to take your time and learn it. Retake the course as many times as you feel necessary. It’s free so why not. Take it so many times that everything in the school becomes second nature to you.
Then you need to forget everything you learned from the School. The reason I say that is so you can keep thinking what the school said about this setup and what it means. By the time you go find it in the School you already missed the boat on a trade. It has to be embedded in your brain so you are not asking yourself what this doji on a support line means. You already know and are ready to execute on a moment’s notice. [/I]
10. Where are you from? What do you like doing during your free time? What would you have us do if we visit your town/city?
I live in Jacksonville Florida. There is a lot of water here so I love to go diving. I am a gun collector so I go shooting a lot. Another hobby I have that can be time consuming besides trading is saltwater reef aquariums. I love that hobby and spend a lot of time with it helping others out. Other than that I have a 3-year-old son and we play all day long as much as I can; they grow up fast so you got to enjoy it while you can. I feel in trading you always got to have other hobbies to keep you from diving yourself crazy staring at charts all day.