Pipmehappy …you are a likeable character, I would like to see you hopefully get yourself on a good path to profitability hence my constructive criticism regarding the way you conduct yourself on this site.
It is my personal opinion that if a trader is not yet profitable he should focus most of his attention [U]directly[/U] on trading. You have teaching that you do for work, you also have a baby now and are dealing with family life, you socialize on here a lot too, you probably have friends in real life too that you socialize with. It makes me wonder how much hours you have in the day to actually put into improving and learning.
you say after I made this post that you are talking directly about trading away from the site with other babypips members, I am pleased to hear you are talking about trading. All I can say, is that I hope these people who you are talking about trading are long term profitable and actually [U]teaching you[/U] their method, and have track records for producing profitable traders. If they are not doing these things then you are better off cutting back on your interactions with them or your socializing from babypips so you can use that time and find a place where you have the best chance to improve your trading. Don’t mix too much business with pleasure, if these friends/traders are not able to help you improve because they lack the skills/expertise or lack the time to teach you then it is your responsibility to search for a better learning environment.
At the end of the day, remember why you got into forex. To earn money, and that should be your primary focus.
friends don’t pay the bills, remember that.
Manxx has made some points in his last post about experienced traders on babypips wanting to give newbies the skills so that they can make their own method and are not “simply following someone else’s instructions and jumping from one teacher to another.”
whilst the intentions by the experienced traders he is talking about is are in the right place, the hard reality of forex is …is that it is very difficult to become consistently profitable following a system taught by a teacher, but EVEN MORE difficult to come up with your own consistently profitable unique system if you are a trader who is not yet profitable. An unprofitable trader who is refusing to follow a tried and tested system and is instead trying to put together one himself has a less chance of attaining profitability than an unprofitable trader who is following a tried and tested system taught to him by a profitable trader.
The advice I gave you was to give you best chances of attaining profitability [without paying a dime]
can an unprofitable trader attain profitability by making his own system? Yes it happens from time to time. But far more often if the unprofitable trader has become profitable is because he is following a tried and tested system.
Pipmehappy Should you be one of those traders who has spliced together his own system, just be aware that you are less likely to succeed that someone following a tried and tested system.
Oxford undergraduate fees for a typical three-year programme in 2017 equate to about £ 28000:the kind of teaching you have in mind, therefore, does not come for free,
yes that teaching can come for free. If you can find a thread [and there are [I]some[/I] threads like this on the internet] where the topic creator is profitable …and the thread has produced several consistently profitable traders producing 10%+ a month then that thread you are looking at has just as much value as that £28000 oxford university course, if not more due the potential of being able to consistently generate 10%+ a month.
yes, the teaching and attention you get in that thread from the teacher is never going to be the same as if you hired a teacher and he was sitting right next to you, but if the thread is producing profitable traders than that is an indication that the teaching in that thread may actually suffice.
It strikes me that the same “objection” could certainly be levelled at some of my own posts here, Defiance, so I hope and trust you’ll excuse the observation that that is a perfectly legitimate and welcome use of a “forum”.
lexys, I agree that it is a legitimate and welcome use of a forum.
Just like playing on a school basketball team [in America] is a legitimate and welcome use of the schools facilities. But if that kid is flunking his studies, he should be concentrating less on basketball …and a lot of schools will take a kid off the school Team if he is flunking his studies.
Pipmehappy just got margin called, and his positions were looking pretty bleak a long time before the unexpected spike too.
Pipmehappy may just be that kid spending too much time on the court and not enough time in the classroom.
The difference between you and pipmehappy metaphorically speaking is that you are not flunking your studies so can afford to spend large amounts of time playing baseketball/socialisng on a forex forum.
You guys will probably disagree with my views, and that is your right ofcourse, but I made these posts here on the ofchance that he does take atleast something away from it, or somebody else in a similar situation to him finds it of some use.
enjoy your day guys and I wish you all green pips…