Hi friends.
Im new here and love the learning of babypips
And I struggle on how to apply the learning in real time.
Do you have any suggestions on how to train on demo alongside learning.
Thanks for helping friends.
Yes. It can be tough with a course like babypips school because it gives you an overview of practically everything. It is a great course but It can lead to analysis paralysis.
At this point I am assuming you have been through the whole course or at least read the majority of the course. I will tell you a secret you can develop a profitable strategy with only the information in preschool to elementary.
Now it is about trading psychology, risk management and demo trading.
I am partial to what many call “price action” trading as I believe in reading the price chart to make trading decisions. You can be miles ahead of most by just being a support and resistance trader. That can be only horizontal support and resistance or you can also include trendlines and channels.
I would recommend you dig deeper into price action and support resistance. Do some research outside of babypips and begin learning about trading psychology and risk management.
There are those that trade with indicators and that could be your style. There are many strategies that can be traded profitably if you have good psychology and risk management.
Try not to overcomplicate the process. Find a strategy start testing it in demo, back it with risk management and you will quickly see if it is profitable or not.
Simple strategies are the best.
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