The School of Pipsology is an incredible resource for learning about trading, but some lessons are harder to grasp than others. Some concepts can take time to fully understand, while others challenge us to think differently or step outside our comfort zones. The toughest lessons often end up being the ones that teach us the most.
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The hardest? Nothing particular comes to mind. Sorry.
The entire world of forex was confusing. Pipsology really helped me understand.
I had no clue how any of this stuff worked. The course was a game changer for me.
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To be frank, I had problem with calculating the margin and leverage while learning.
But, something I later figured out while having my hands on desk with real-time trading.
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Fortunately, I never had to use that. My broker has fixed leverage, and calculates the required margin for me.
I’d have to study it again if I used a platform that didn’t do all that for me.
Bravo to you for learning it!
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For me, one of the hardest lessons in the School of Pipsology was truly understanding risk management—not just knowing what it is, but applying it consistently. At first, I thought using tight stop losses and risking a small percentage per trade was enough. But I didn’t fully grasp concepts like position sizing, drawdown control, and the psychological side of handling losses until much later.
What helped me was going back to those lessons after gaining some live trading experience. I journaled my trades, tracked my win/loss ratio, and started adjusting my risk per setup based on its probability and quality—not just a flat rule. That shift in mindset was huge.
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As a beginner, practicing on a demo account, the hardest lesson has been realizing how emotional trading can be — even when it’s not real money.
At first, I thought demo trading would be easy since there’s no actual risk, but I still found myself getting frustrated over losing trades or overly confident after a few wins. That emotional rollercoaster really opened my eyes.
It taught me that trading is just as much about mindset and discipline as it is about strategy. I’m learning to focus more on consistency and following my plan — not just chasing profits.
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That’s not a bad thing at all.
People vary, in this regard.
Some find that the absence of real money produces a “play-only” element that makes it hard for them to take it seriously and derive value from it (that’s not so good, and they need to do it anyway, to familiarise themselves with the broker, the platform, the procedures and policies, and so on).
Others (more like yourself) find it pretty realistic, including the emotional/mental components. 
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Hmmm. Most of the lessons were challenging for me so I had to repeat them a few times. 
But I particularly remember struggling so much with the lesson on how to calculate the value of a pip. 
Hahaha. Good thing pip value calculators make the process easier!
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Particularly, i am struggling to understand how to spot suport and resistance. If there was anyone to clear some doubts i have it would be great.