I have finished the Pre School level. I took the test and passed it with 100%. Any advice?
Keep a smooth progress and take a few days focused on your demo accont and your trading plataform. Everything makes more sense if you have an active learning.
So you said at the end of last year.
What all happened in the intervening 8-9 months?
Well congrats. Now the next step is what your mind says and do it accordingly. Remember one thing always. Forex is here anytime and not going anywhere. So when you know it’s the right time then make your grand move.
Keep going.
Also, look into these:
https://images-na.ssl-images-amazon.com/images/I/515c1%2B0CAWL.SX348_BO1,204,203,200.jpg
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Now you should focus on demo training, where you will learn the trading part and the mt4 tools with different indicators. You should develop skills to trade with your mind.
Dude, it was babypips Pre-School that he passed, not the whole thing. He’s still got a BUNCH of modules left, most of them a LOT longer than the pre-school module.
OP, it’s great that you passed pre-school. But you’ve still got a LOT of work ahead of you.
To give yourself some idea of the level of work it takes to master trading, and the time frame that it might take someone working 50 hours a week, check this out:
Most of us have to work for a living. So we don’t have the opportunity to work on our trading 50 hours a week. Neither do we have an already Consistently Profitable Trader ™ sitting next to us, holding our hand and spoon feeding us ticker symbols & price levels. Mike’s traders do, and he says most of them take TWO YEARS before they are consistently profitable.
More than anything else, that book impressed on me the level of work the author expects out of someone who wants to become a Consistently Profitable Trader ™. Since we can’t devote as many hours a day as a prop trader, the we the retail traders will just have to work that much harder.
You finished pre school. Good for you. Have a nice cookie as a reward, and get back to work.
I love that, practicing on a demo, but I become dumb when in front of a platform not sure which button to press.
If you really have passed pre school level greatly , I think right now you are more appropriate for live trading but not with grand amount.
Is this a put on? Have we just given up on the idea that this forum is to try to HELP people new to FOREX get ready to trade?
I started with the best intentions but “life” happened. It really has been a rollercoaster ride the first half of the year. I have not had the time to study properly. I have recently settled into a more stable routine, so hopefully I will now be able to focus on learning.
Thank you. I will look into these. Where can I find them? Are they on Amazon?
Yes, all the books I posted are available on amazon.
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I am also saying the same thing, after passing school section one must start with a demo and learning both together so that he can see what he is going to work and get an idea about market work.
The only thing he’ll learn at this point is how to blow up an account.
He has a LOT more learning ahead of him before he should ever touch a trading station.
It’s good. When I was a newbie I took pips school and demo account at the same time. and didn’t good result when demo trading. so, it is really more suitable to take demo account after passing Pips school.
At any beginners should finish the preschool level minimum for 2-3 times. Not enough to finish just 1 time. ( please don’t take it personally, it’s my opinion).
It is always good to see that newbies are learning first. Preschool section is very basic knowledge but you should clear the concepts of it. No matters how many times you have completed the school section, if you do not get the idea what the concepts are, there is no meaning to be in the school section.
You’re right. I say about 2-3 times going over the BabyPips school, and also doing further research via online or through books to make sure you fully understand the concepts. You’re learning a completely new skill, so of course there will be a lot that you will have to teach yourself (or be taught by someone). After gaining the knowledge, then that’s when the demo account comes into play. Start playing around with it, practice practice practice. Develop strategies and see what works and what doesn’t. It’s a lot of trial and error, but it’s all going to be worth it in the end