School of Pipsology Progression (GRADUATED 🎓)

[Oli_jackson]

@RedEyeRishMan

Just finished working through preschool

C0ngratulations mate. Good luck and happy trading.

[ria_rose]

Aww. I love this! Haha. I think you’re doing a great job and I hope you keep the passion going as you continue on with the school. It can get a bit more complicated from here but don’t be shy to just ask away if there’s anything that’s confusing for you.

[dushimes]

Good job. Try opening a demo account and start playing around!

[chimmyfx]

Great start on your journey through the School of Pipsology! Keep it up and don’t hesitate to ask questions along the way.

[RedEyeRishMan]

Thanks man!

Well to shoot a question and answer @dushimes

When would it be a good time to open a demo account?

I would have to pick a broker, get really familiarized with the process of everything, (really no experience or knowledge at this current juncture with trading, morely still learning terms and what trading is) and well, actually being demoing.

Since I’m taking the School of Pipsology course; Is there a point during the course that would be optimal to start demoing?

[dushimes]

@RedEyeRishMan

Is there a point during the course that would be optimal to start demoing?

The choice is yours, but I think it’s a good idea to start messing around with charts and practicing the things you’re learning. There’s no risk because it’s just demo.

Hit buttons, draw lines, apply indicators, open and close positions. Trade 0.01 lots or bet the farm. See how it goes! It’s the real market, but fake money. Have fun!

Need help in choosing Broker

In the right top corner you find a search function. Try to search for the term ‘broker’.

What are the parameters that important on broker choosing

Hi I am new at Babypips. And at Forex at all. I would like to know which parameters are the important for you when you choosing a broker. Its can be very helpful for me. THX

Choosing broker

Hey everyone! I’m excited to share that I’ve started learning about trading, and now I’m ready to dive in and start trading (with a demo account, of course). However, I’m a bit unsure of how to choose a broker since I’m new to this. Can you give me some advice on what criteria I should look for in a broker? I really appreciate any help you can give me. Thanks!

Type of Brokers & Need Suggestion too choose Broker form List

hello zeyedwazir I already use both last broker of your list, it is good fx broker. excellent for beginner operator with good learning tools, and a demo account to familiarize yourself with the trading platform.

Broker Chooser Website

I’m posting this link because this is the only broker review that I actually believe. [Best forex brokers in 2021 - Fee comparison included] Broker Chooser, Our top 5 picks for the best forex brokers in 2021: Saxo Bank, is the winner, the best forex broker in 2021. Great trading platform. Outstanding research. Broad product portfolio. CMC Markets, takes the second place. Low forex fees. Great web and mobile platforms. Advanced research and educational tools. Fusion Markets, rounds out…

[RedEyeRishMan]

Thats a whole wealth of information!

Wow can’t thank you enough. Choosing the correct broker seems to be one of the most important decisions in this journey, that is evident. I’ll definitely dive in and start researching!

[dushimes]

@RedEyeRishMan

Thats a whole wealth of information!

The search function is your friend. There’s tons of questions already answered. Also, consider starting a journal thread. You can post trade ideas, share your strategy and get feedback.

Trade Journals

[Pauley1]

I personally think opening a demo account whilst your doing the course will distract you from your learning. When I was going through the School of Pipsology I had a demo account open, after each lesson I thought, great, I can go try all these new skills I’ve just learnt on my demo account. The result was pretty much always losing trades. That’s because the learning doesn’t stop until the very last lesson, and without all the lessons you haven’t learnt enough! So for me, the demo account was a huge distraction and if anything it was detrimental to my learning.

[samewise]

I got a demo account early. I just got antsy not being able to trade. I wanted to get that first trade out even without necessarly knowing everything I needed to.

[RedEyeRishMan]

Thanks for sharing.

This maybe the course of action I take. Taking this process a step at a time and not rushing regardless of my goals can only make me a better trader.

[playwiththegods]

Did you do the “Do Not Lose Money Declaration?”

I remember actually putting my hand on my heart and saying: “I will demo trade until I develop a solid, profitable system before I trade with real money.” Then I touched my head with my index finger and said: “I’m a smart and patient forex trader.”

I’m going through the Undergraduate Junior lessons now, and I like this topic you made. I was thinking of doing something similar, but I just kept it to myself in my notebook. Thanks for posting your progress. I’m looking forward to your updates.

[RedEyeRishMan]

Yes I did the declaration

And thank you, this topic not only allows me to take accountability but constantly get feedback on where I am and get help when needed through the course.

[Ozball]

I’m in the camp of start demoing pretty much straight away. Or at least open a demo account, even if you don’t intend to enter any trades. I found being able to try out the various indicators being taught in a real life environment helped me figure out which ones I liked using and which I didn’t. It also helped cement some of the teachings being able to watch live price action and how it affected/was affected by various factors.

[dushimes]

To be honest, you’ll probably end up doing the course again anyway. Everything makes more sense the second time around.

That’s what I did.

Just do what you think is best for you!

[playwiththegods]

Great minds think alike. If you need an accountability partner, I think we’ll make a great team. We can help each other stay on track on the path to financial freedom.

[RedEyeRishMan]

I’m in my man!

[samewise]

@dushimes

That’s what I did.

Yup its a blur the first time around. There’s so much to read and try to understand, and then when you get into actually trading, you find the rules aren’t strict, and there’s gray area, and a lot of answers are “it depends”. The market is always changing, so you need to change with it. And the more you trade and study and experience the live markets you start to understand more what people were trying to say to you before.

[playwiththegods]

Let’s goooooooo!

“If you want to go fast, go alone, if you want to go far, go together.”

That can be the motto for our team. The name of our team can be Ildánach which means the Skilled God. It’s one of the nicknames of Lugh who is my favorite god from Celtic Mythology. You can learn more about him here:

Lugh – Mythopedia

What do you think? Let me know if you have other ideas.

May Lugh bless us and inspire us as we master the skills on our journey to financial freedom.

[dushimes]

@playwiththegods

May Lugh bless us and inspire us as we master the skills on our journey to financial freedom.

That sounds interesting. What’s your plan?