I have a question

After baby pips course should I be okay now to trade? Or should I still take other advance education?

Demo trade for a while to help you internalise what you have learnt and after a while you can decide if you need further assistance in your journey.

Cheers

Blackduck

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I like this question. The school of pipsology really helps explain all the concepts well, but “should I be okay to trade now?” is a question only you can answer. Do you have a trading strategy (business plan) based on technical analysis or fundamentals that you believe will be successful in identifying profit opportunities that outweigh losses? Do you know what lot size to trade? Do you have a take-profit strategy? Are you ready to manage an open trade with effective risk mitigation strategies like initial/trailing stop losses and know at what level to set them? Do you know what your risk-to-reward ratio is, how you plan to trade around major market announcements, best hours to trade your strategy, etc. I’m not trying to discourage, just throwing out a random list of things a trader should be thinking about. Maybe the answer to all of that is yes. If so, you are probably ready to start losing money! :slight_smile: Trade a practice account first and prove-out your strategy, and then go live with real funds. Ask any questions you have, and I’ll try my best to help. Most of what I’ve learned has come from Kathy Lien’s books. If you like to read or consume audio books, I cannot recommend her highly enough. Good Luck, friend!

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If you feel confident, you can start trading. As trading is something that gets better with daily practice. You can start with a demo account to have a first hand experience about how to trade. With that you can also keep yourself updated about the latest events happening around the market.

I will suggest that you start trading on a demo account first. Do it for a week or two maybe. If you feel confident about strategies, then you are good to go live. I personally took training from a day trading institute and have been trading from almost 2 years now and all I can say is that I am still learning. Also, as Enickma said, you are the best person to decide when you are ready to go live. Ask yourself questions, what is the trading strategy you are going to start with, do you know well now when to exit the trade and many more. All the best.

demo is really important for all kinds of traders , there is no way to deny but honestly speaking
most of us dont believe the importance of demo.

you can trade with live account for practicing also but of course including little amount , otherwise live trading with large amount can make beginners greedy.

After the completion of the course, there will be some topics that you would have not understood properly. Go through them again while also referring to other sources (not suggesting taking up a paid course). Once you are done with that you can start experimenting on a demo account. Don’t skip this part.

The BabyPips course will only clear your basics. To improve further, you will have to practice on a demo account to get better.

School of pipsology helps you clear your basics. I suggest creating your demo account with your broker so that you can practice what you are learning. Demo trade until you are confident about your trading skills and risking money and when you go live, start small.

It totally depends on you. If you feel that you have learnt all th concepts and you are confident enough to start trading with your own money then you can go ahead

@Austin00 learning more conceipt will do him no harm, it better start demo trade as you learn invaluable knowledge from the charts