I wonder why I didnât see this earlier. 
Like, it wasnât pinned for me. Hmm. I almost didnât make it! Huhu.
But anyway, even though Iâm still not a professional trader 
I think newbies should stop fastracking the process. Forex is not something you can master in a week, in a month, or even in a year. 
Although we have our own pacing, I suggest that we all enjoy the process and learn as much as we could along the way. 
Stop being so eager to get into a trade! As a businessman, I canât stand to see any if my equipment, or people idle. Having money in your account, not in a trade may look the same way. BELIEVE ME, trading is not like normal business! Let your money sit idle until the time is just right for your money to go to work.
Stop thinking that theyâre going to get rich quick. Forex is a speculation-based investment system. Therefore, as long as you can correctly identify when to buy or when to sell, you will make money. But you will also lose some money as well. The more you invest, the more you can make but you have to start small with an amount youâre comfortable with losing.
They should stop testing pairs especially pairs that are not macro pairs. Stop coping signals without prior to research about the pairs. After taking profits they mustnât rush to place an order. They must trading anytime they feel like trading, they should stick to time management. They must stop rushing for profits, cause possibility of them getting more profits its there if only prior to research of pairs they choose. Stop closing loss without prior investigation. Stop changing time frames. Stop relying on pairs. If they choose pairs they must b updated about pairs first. Stop trading out of frustration of not having enough money. Stop using there last penny n hoping they will make easy money. They must have risk management in mind. Stop checking balance while trading.
When you decide to do forex as newbie do as i did. Join the babypip community. You will get enough information. This information you will able ro turn into knowledge. You will have knowledge of reading charts, when is the prices bullish and bearish aswell as when to call trade. Trading should take place on a specific time of the day. Watch for trending. Trending will be able to assist you to place the correct trade. When you succeed for the day back of and take in more knowledge.
I also realised that Forex is not a get rich quick scheme I need to enjoy my trading. If i make a dollar an hour i am happy because my knowledged has worked. I am not an investor neither a trader because I fell into the wrong hands however it will not stop me from educating myself as a newbie. I am doing lots of reading and thank you Baby Pips for the webinar I enjoy it.
Itâs been a while since Iâve posted here. Truth is I dont need $50 but I thought why not. Iâll reply
It took me years to find consistency. Itâs not easy. So my first advice is dont give up. Its harden than you think but itâs worth it. You need tenacity to make it. A lot of people jump from system to system in a type of shiny object syndrome. Stop doing that.
Systems are easy entries are easy exits are a little trickier but it all falls apart when you give up.
Understand your markets. Whatever you trade. I trade cable mostly and Iâm so comfortable with that pair. Why? Chart time. How can you trade what you dont understand? Pick a pair or two and make that your focus. For me USD is boss so I make it a point to analyze DXY (dollar index) I look for risk on risk off scenarios and I form my analysis around that.
Stop aiming for hundreds of pips. You dont need that to succeed. For me I look at cable decide if Iâm bullish or bearish and I execute. I wait for the average daily range to be fulfilled and that is how I choose my take profit levels.
Dont over leverage yourself. Cant close a trade, paralyzed? Your over leveraged. Fear and greed need to be shut down. Itâs easy to fail itâs a lot harder to succeed. Success is deliberate almost counter intuitive. Dobt be emotional.
Have clear goals in mind be realistic but understand even the best marksmen on earth cant hit a target thatâs not there.
This might be a race but I guarantee itâs a marathon not a sprint. Build slow and steady. Find consistency. If you are an amateur you will focus on gains and profits if you are professional then focus on preserving capital.
Have fun. Youâll spend a lot of time trading before you master it. Make friends laugh often and please please please understand there is life outside those charts.
Dont sweat missed moves or leaving money on the table. There will ALWAYS be more set ups.
I could go and on. I wish you guys the best. If you want more content from me then show me some love. 
I miss babypips. They did so much that contributed to my success and btw by they I mean you dear reader. Your what makes this place great.
Thanks
Johnnykanoo
Ps please forgive typos Iâm writing from my phone.
WHAT SHOULD FOREX TRADERS DO?
There is only one fundamental answer to this:
Stop looking at Currency Pairs, and start looking at
Currency Strength relationships to find trades by
then being led to the choice of Currency Pairs.
Unfortunately, that data is not widely available, although
I use it all the time. The method is therefore to SELL a
Currency which is âover-valuedâ and to pair it with a
Currency to BUY which is âunder-valuedâ. Currency
strengths lead you to candidate pairs to trade.
This is proprietary information, but Iâll just include a
sample picture showing the general idea. This
appears obvious, but the underlying data is the
key to this method.
hyperscalper
[EDIT] including also the actual Price movements, so
you can see the trade in excess of 100 PIPs profit.
Stop trading without graduating from The University of Pipsology!!
Stop trading without keeping s trading journal.
Stop:
Babypips has webinars? 
Every newdies should stop depositing shallow amount of money and also need stop using higher leverage as these will not enhance freedom to stay longer in Forex trading
Newbies should simply stop trading live accounts using their gut feeling and guesswork. They should instead go through the school of pipsology twice in a period of not less than 6 months. After which they can now open a demo account and start practising what they have learnt for at least one year. From this point onwards they will able able to gather relevant knowledge and skills like a snowball rolling down a hill.
Iâll give an advice that resonates with every new trader
Establish one thing first, youâre here for the money, nothing else. If you want to safe lives and trees and make the world a better place, if you want to be able to make better lifestyles choices. Youâll need money. And money is not everything but if your choice is to have more of it then read on
Trading is a great way to make money. Your downside is limited to your account, but your upside is scalable to infinity.
That spectacular return your looking for, that big profit that your wife gets the hots for you, bragging about it to her pals. Is not nested on your charts. You cannot bet big on a trendline bounce, and when it fails, strut home and say âHunni the trendline took our moneyâ
You canât even build an account up slowly, only resting on your technicals, there is a risk of ruin built into every strategy. Sooner or later youâre back at square one.
The one skill you want to master is not the one youâve been chipping at. Pure technicals, lines of supply/demand zones , crossovers and such, are not the answer to your trading success. It never was.
The one method that will carry you over the finish line is based on Logic and it stood the test of time.
All the big and money making moves in the market happen, because there is a reason behind it. This morning I made a month worth of wages buying Canadian dollars and Oil. A single piece of news caused a strong move in oil prices. If I were stuck on my technicals, Iâd have never had the confidence to bet bigger as i did today. And today is one of many these occurrences that changed my trading career. Making money is beautiful.
My advice is donât shut yourself out from the world of information around you. Itâs a goldmine and doesnât require a great amount of intelligence to figure out.
Trading with logic also eliminates Fomo, string of losses and impulsive trades.
Good luck out there Ledges
Here we go.
New traders. Iâll give you all I got.
The question isâŚwhat should you stop doingâŚ
Well, since I donât know each and every one of you. And since every single human being is different. Iâm going to approach it at a side angle. This is what you need to do.
Before I get into it, you need to know who youâre dealing with. Me.
I am no one special. Really. Iâm not even consistently profitable. I canât even brag about anything in regards to my results. ButâŚ
I am old enough. I have the mind for this. Iâve been desperately seeking all of these answers like nothing else exists in life. Iâm in my 7th year now. I feel that I am possessed with more determination, self discipline, mental strength, unlimited patience, than any other human being. This has consumed me ever since I started. And I wonât quit. Cause whatâs most important to me is evolving into the person that I was born to become. Once you find that out, then it gets real.
Let me tell you what I think needs to happen. If you accomplish these things Iâm going to set out for you, you will succeed. I believe it. And no one can dispute it.
Anchor Trade - Itâs the one trade that you are an expert with. You know, without a doubt, that you can make a return on. Itâs almost like your guarantee trade. Youâve gotten so good and intimate with it. Youâve earned the right to continue on in the market place. Itâs proven.
Defineable and Repeatable - Meaning you can measure any aspect of the details of that trade. Consistency can only happen that way. Itâs a repeatable process. When this happens, you do this.
Prove yourself on demo - You cannot move forward unless youâve proven yourself, and your strategy, in the practice arena. You absolutely need verifiable proof that it works. Confidence will be developed.
Live account experience - There should be no reason you do anything different in this fashion than in the demo experience. Position sizing will be the only difference. Always start out small. You will just be building from previous accomplishments.
Look. Nothing makes more sense. Thereâs principles in life. Success builds upon success.
It all comes down to finding what works. How about this questionâŚWill it be you or your strategy that does the work? Well, shouldnât it be the strategy? I mean, all you should be doing is pulling the levers, right? Unless youâre a discretionary trader, then, itâs you. But, how can you measure something like that? The answer is you canât.
See. Itâs you thatâs behind the strategy. And once itâs built, it is the thing that does the work. Not you. The market is unpredictable. Sure, we might think we know what will, or might, happen. But in the end, itâs the market thatâs always right. Therefore we need to come up with a way that manages the losses along with the winners. Whoever does it better will be the one that is more successful.
I donât know the myriad of things that we shouldnât do. We are nothing but a bunch of emotional beings, dealing with uncertainty. The only thing thatâs going to work, is somehow finding that way, like the casinos do, in which, in the end, will win out.
I donât know any other way than to find your anchor trade. You should always be able to go back and say that you followed the plan and except the outcome. Measure and record your results. Over time you will see whether it is what works or not.
Believe me. Iâm no one special. I havenât made it yet. Iâm just passing along what Iâve learned from my mentor. Thatâs whatâs going to get you there, though.
Success builds upon success.
It doesnât come by accident. Itâs proven.
Thatâs the best advise I can give.
Mike
Read the thread title, then change two words.
âShouldâ belongs to the past and what a person should have done. Thatâs a finger wagging approach and all it does is to create guilt.
âStopâ is equally negative and belongs to the left side of the market.
Think only on the right side, then inwardly ask the question by changing âshouldâ with âcanâ and and âstopâ with âstartâ. 
Sorry - away in Portugal at the moment and have my office closed owing to building work hence have been offline for a while and missed this. Sorry. Anyway, simple answer which for me is at the root of most newbie tradersâ problems:
Newbie traders should⌠stop throwing indicators on their charts before they really understand how a chart moves. For me, there should be many hoursâ staring at a naked chart before then adding extra data, information and indicators. That is all additional information, can add weight to a trading argument, but if you arenât 100% comfortable with how a chart moves then youâre just adding complication and confusion if you add indicators.
I particularly liked @eddieb 's, @johnnykanoo 's,
@MikeWolski 's and @SimonTemplar 's replies, although it was also good to see contributions from @peterma , @anon46773462, @TradeViper amd @ria_rose . Many thanks also to the very supportive and watchful @Penelopip for telling me about this threadâŚ
As @johnnykanoo said, it is a long way up to become.successful at.consistencyâŚ
I would add one more.thing: playing at being a trader is not the same as being a trader⌠In other words: a chef in a top restaurant can perform the same.routine every night under stress and consistently dish out platefuls of high-class food that show great presentation skills and taste delicious. The person who watches him/her at home on their television set and tries one of that chefâs recipes may get good at making one of them but they would crumble if they had to make that recipe fifty times in one evening for paying customers (rather than for themselves or their loved one in the safety of their own home).
Cooking a famous chefâs recipe at home is like demo trading; cooking as a chef in a restaurant is the same as professional trading, meaning that by then you would be making money through your craft.
So the bottom line is: do not call yourself a âtraderâ and start throwing money into live accounts until you have had enough success at home cooking - if you understand my analogy!
Stop counting how much you could win, start counting how much you could loose.
That dreaded FOMOâŚ
