As the course often says, what is taught is not a step-to-step process. You’re not supposed to use everything everytime. BabyPips teaches you the most popular methods of analyzing the charts - among other things. It is up to you to create a trading strategy putting together what you liked the most. There are people who use indicators, others who trade naked charts, and others who don’t even know what Fibonacci is and still make money.
I suggest you finish the school first, as it is explained how you can create a trading strategy. If you’re still having troubles doing so, just go to the “Trading systems” section of this forum and sort by all time top. You’ll find plenty of strategies ready for you to test.
Well, I would go with “no” as an answer unless you’re already bloody rich. A microlot is 1,000 units, meaning that you would need roughly 1,000 dollars to open a position with such lot size. In order for that to be viable risk-wise, you would need a 100.000 dollars account (because 1,000 is 1% of 100,000, and that’s a safe risk percentage per trade). All that to trade a micro lot, which will give you roughly 10 cents per pip. Multiply everything by 10 if you want to make 1 dollar per pip.
Why don’t you want to use leverage?
If you know what you’re doing, there is absolutely no danger involved.
That’s not a strategy, that’s a principle the entire concept of trading is based on. A strategy is what you use to find said lows and highs, so that you can buy or sell. As for me, this is my trading journal. I’ve opened it yesterday and the first three trades were failures, but I currently have three more opened that are going great and I’ll post them once I close the positions.