Hello, everyone. I’m Jeff from Virginia. I literally just finished the School of Pipsology less than 10 minutes ago. Now what?? Haha!
My short-term plan is to open a demo account and try to make sense of everything I just learned. Get the hang of using the different technical analysis tools, make sense of articles and reports, establish a trading system, etc.
Anyway, I’m happy to be here and look forward to learning from and associating with you all. Any advice for my total newb self is much appreciated.
Now the fun begins! You may want to revisit some of the lessons as you begin to explore trading in your demo account. Let us know how you’re progressing and ask any questions you may have. Excited for you. Yay!
Hello Jeff! Congratulations and welcome to the community!
Thats a great idea to open a demo account for the first period. First of all, its important to pick a strategy for yourself.
So did you decide what kind of analysis you want to use for the trading?
Technical or fundamental?
Are you planning to short-trading or long-trading?
My advice, rather than find the Holy Grail, pick something a lot of members trade, something with some clear rules, and trade that for a while.
The structure will help you. And the fact that plenty of other members trade it, means you have a ton of people to answer questions and give feedback. Good luck!
I plan to use different types of analysis. Definitely want to include technical as a main type though.
Regarding short or long trading, I don’t know. I would like to become proficient and profitable at both, so I want to focus on learning one at a time and then maybe mix it up after I’m comfortable.
I am really happy that you acomplished that school for example. Many many people make very postitive reviews about this matter. I do not understand sometimes few things but I am always gettting back to something like that if needed. To basics.
Congratulations to you! I am just getting started, and almost out of Preschool. Yay me! I cannot wait to get to where you are…and complete this…so far, so good.
Thanks for asking! Yes, I got a demo account. I’m trying out a system from babypips. I’ve made a couple of losing trades so far. Not bad because I had stops in place. I’m still developing my skills at reading charts and finding good entry points.
Congrats, opening the demo account is vital, Oanda and Forex offers a demo account that is user friendly… Once you learn what side of the trade to be on let us all know so we can all enjoy your success, focus on one pair , I suggest the GBP/JPY , and always place a stop loss to limit the potential losses…
good luck on your journey! make sure you spend a lot of time on the charts