The School of Pipsology has taught many of us the foundations of trading, from the basics of forex to strategies and risk management. Yet, out of all those lessons, there’s always that one thing that really sticks with you—something that changed the way you approach trading or helped you avoid major mistakes.
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Oh boy. It’s hard to list just one thing. Pipsology is very comprehensive.
I suppose risk management is one of the first things that comes to mind. But it also showed me that forex isn’t a joke. Losses are real, and patience is necessary.
Well, another important lesson from Pipsology is that a strategy should be simple–the more simple, the better.
That’s been really important for me as I whittled down my strategy into what it is now.
I know you said one, but I have two:
-risk management
-a strategy should be as simple as possible
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Hmmmm. 
I guess mine is also somehow related to what dushimes has said about simplifying things when you create a strategy. 
The school made me realize that there are tons and tons of tools out there that you can use to trade (candlesticks, fibonacci, indicators, news, etc.).
While I was reading the lessons, I thought you should incorporate ALL of these for more chances of winning. 
But towards the end of the school, and I guess as I gained more experience, I realized that you just have to stick to what works for you. 
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i learnt the basics of almost everything in forex… now its not a challenge to understand course content.
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I think the newer stuff they wrote about on brokers and risk management, and how orders are processed. That was eye opening.
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For me, it has to be the explanation of Leverage. The way it was taught, leverage has got stuck in my mind and I would never forget it. I used to think leverage is only used to maximize the profits but I got to know what a double-edged sword it is!
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There’s so many but trading Heiken Ashi stands out.
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Why is that, @WatchiePips ? What is it about Heikin Ashi chart displays that you find more beneficial than conventional bar or candle charts?
I like the fact that it filters noise and shows trend strength. Coupled with a decent S/R indicator and you’ve got a simple but effective system.
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But not one you can ever back-test, since HA candles don’t actually display the price (and especially not the opening price of each bar)? So how do you actually tell that it’s an effective system (I’ve often wondered)?
The highs tend to be accurate on the uptrend and the lows on the downtrend. You can find the actual close if you select bar charts instead of line charts. Closes above or below key areas are pre-signals for a trade.
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