Make a bazillion dollars in forex by clicking your fingers!

[Bitterseatrader]

Step 1: Visit Babypips school of pipsology, read about support/resistance and trend lines and skim the rest (don’t strain yourself). Congrats you’re now an expert in forex trading!!

Step 2: Read a few threads about what others have done and learned.

Step 3: Skim ICT’s thread, now copy and paste onto your own website (don’t worry about learning ICT methods).

Step 4: Come up with new and interesting slogan! example: “Buy low, and sell high for financial success”. Wait don’t forget the dollar signs “Buy low, and sell high for financial success = $$$$$$”

Step 5: Return to babypips and post in newbie section about risk management and making a bazillion dollars scalping 5min charts. Never trade with the trend <shakes head> (that’s what all the silly traders do).

Step 6: Charge $150 per person for trading advice.

Step 7: Answer customer questions with bullsh!t answers until they begin to catch on.

Step 8: Return to Babypips and ask customer questions. Now repost on your own website!!!

Step 9: Count your money!!!

Alternative idea: (for people who like doing things the hard way)

Step 1: Read from start to finish:School of Pipsology | Learn Forex Trading

Step 2: Get a demo with one of the many forex brokers on the market. e.g. QANDA, GFT, FXCM… the list goes on… Since its demo, it doesn’t matter so much at this point. Just choose a large well known broker that offers demo and preferably MT4 (don’t know about MT4) - click the following link: Google

Step 3: Trade on demo through the lessons in Babypips school. Buy on support, sell on resistance etc… just mess around with different strategies and ideas. Get a feel for the market and the basic mechanisms of trading.

Step 4: Once you’re comfortable with the basics of trading, have your broker reset the account balance on demo to the amount you intend to trade live with (or the amount you’re willing to lose).

Step 5: Begin trading with specific types of strategies, a good starting point is price action.

Check out Nikita’s thread: http://forums.babypips.com/newbie-island/39634-pure-price-action-dummies.html & Forex School online: http://forums.babypips.com/free-forex-trading-systems/42378-forex-price-action.html & ICT’s: http://forums.babypips.com/newbie-island/36328-what-every-new-aspiring-forex-trader-still-wants-know.html.

There are plenty of great threads on babypips and feel free to try out the different strategies in each of them. Plenty of ways to make money in Forex!!

Step 6: Decide on your strategy and what type of trader you want to be. Position, Swing, Day or Scalper. Read about risk / trade management. Aim to risk no more than 3% per trade.

Step 7: Practice, practice, practice your trading method and continue learning on babypips and other sources on the Net, books etc.

Step 8: Open a live trading account with around 20% of the original trading amount you were willing to lose.

Step 9: Begin trading live and get a feel for live trading and the emotional side of winning and losing money. Keep your risk/trade management tight.

Step 10: Keep a journal of your trades and learn from your mistakes. If (when) you blow your account, take note of why and don’t repeat.

Step 11: Practice, practice, practice and learn, learn learn… repeat… repeat.

Step 12: If you have continued to learn from different sources on babypips etc you should know by now what your next steps are…

Good luck trading!!

N.B I wrote this more out of boredom and because I saw another thread selling snake oil. :38:

[Fxmall]

Tht got me laughing so hard, managed to spill my coffee right across the kyboard. Thanks for the laughs and yeah, this thread is just what we need to counter snake oil salesmen…

[Pipstages]

Well, I’ve already choose the alternative idea and i did study many threads including the one’s you have stated.
Sometimes, Even i feel that learning only Support and Resistance lines will be helpful. But now, unlearning all those thing’s i’ve learned seems to be bit tough.

I have to add one more thing to your list. It’s the mindset and only mindset that can make or lose you money.

And one more thing, people subscribe to signal service cause they either don’t have time to study and trade accordingly or they simply lack confidence.

I was the latter part, though managed to move out of it…:27:

[Bitterseatrader]

Tht got me laughing so hard, managed to spill my coffee right across the kyboard. Thanks for the laughs and yeah, this thread is just what we need to counter snake oil salesmen…

Haha that’s gold Fxmall! I am waiting for 5:30pm (Sydney time) to roll around so I can leave my office prison and hit the beach! Stumbled across another sales pitch on BP and made this thread just for laughs! P.S. Making us work this close to NYE should be illegal…

Well, I’ve already choose the alternative idea and i did study many threads including the one’s you have stated.
Sometimes, Even i feel that learning only Support and Resistance lines will be helpful. But now, unlearning all those thing’s i’ve learned seems to be bit tough.

I have to add one more thing to your list. It’s the mindset and only mindset that can make or lose you money.

And one more thing, people subscribe to signal service cause they either don’t have time to study and trade accordingly or they simply lack confidence.

I was the latter part, though managed to move out of it…:27:

Good contribution mate! Having the right mindset for trading is important.

[TalonD]

LOL I just reported one to the mods. You should do the same! Nuke em!

[Bitterseatrader]

LOL I just reported one to the mods. You should do the same! Nuke em!

TalonD, I almost don’t want to nuke them. These sales pitches are as painfully obvious as receiving an email to share in diamond mine riches “Really, all I have to do is give you my bank account details and I get a million dollars. Only an idiot would turn this down!!”

I feel for the gullible and trust easy folks, however lets be honest these guys make more entertaining threads than most!