What should newbies stop doing in order to succeed in forex? [We now have our forum giveaway winners!] 🎉

[Penelopip]

Whew! Sorry for the delay! Picking winners took us quite some time.

Thanks to everyone who participated! This thread is definitely going to be a must-read for all newbies determined to succeed in forex.

Again, for those wondering, this was an EXCLUSIVE GIVEAWAY for BabyPips’s TL2 and TL3 members. Two winners were chosen, one, a member with the most-liked post on this thread, and two, a winner picked by the BabyPips team.

NOW ON TO THE WINNERS.

Garnering 44 likes, our most liked post is from @giannigeez!

What should newbies stop doing in order to succeed in forex? [We now have our forum giveaway winners!]

What I’ve learned so far is to: STOP trading multiple pairs as a beginner! Find a pair that you will have an edge with, watch the pattern (trending up, trending down, ranging sideways). Attempt to master this pair (although all trends change over time, ride the trend while it lasts). I was finally profitable this week once I cleared my list of pairs and narrowed it down to one. (GBP/NZD) STOP trading without a position sizing calculator. This calculator helps set up your risk management pla…

As for the team’s pick, you all gave such amazing answers, and we had a tough time picking our favorite! But after hours upon hours of deliberation…

We chose @MikeWolski!

What should newbies stop doing in order to succeed in forex? [We now have our forum giveaway winners!]

Here we go. New traders. I’ll give you all I got. The question is…what should you stop doing… Well, since I don’t know each and every one of you. And since every single human being is different. I’m 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 you’re dealing with. Me. I am no one special. Really. I’m not even consistently profitable. I can’t even brag about anything in regards to my results. But… I am old enough. I have the m…

Congrats @giannigeez and @MikeWolski!

So, that’s it for this giveaway…

NOT!

We received soooooo many great replies, that we had to pick two more winners.

Yep, You got that right.

Two More Winners

They will receive limited edition BabyPips.com shirts, and goodie bags from us! Our lucky winners are… @johnnykanoo and @macilme!

What should newbies stop doing in order to succeed in forex? [We now have our forum giveaway winners!]

It’s been a while since I’ve posted here. Truth is I dont need $50 but I thought why not. I’ll reply It took me years to find consistency. It’s not easy. So my first advice is dont give up. Its harden than you think but it’s 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. …

What should newbies stop doing in order to succeed in forex? [We now have our forum giveaway winners!]

Ah well!, looks like this is where we should all come to after graduating the Babypips School of Pipsology. I’ll Just share some of the things I’ve learned along my own Journey. 1. Accept that you’re worse than 70% of the real trading community: You’re new, which means by extension, until you start making consistent profits, you’re part of the statistics, you belong to the 70%+ that’s losing money on a consistent basis. 2. Never avoid recording your trades, it’s the Lab you need to analyse y…

So that just happened!

https://media1.giphy.com/media/v1.Y2lkPTc5MGI3NjExb3loNG1lcWRlNGd1ZDE1MWw3a2tqcjRld3R6dm9qbTd5dmtqMG5waSZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/xT0GqhT8SulsK6DHmo/giphy.gif(image larger than 5 MB)

Congrats again @giannigeez, @MikeWolski, @johnnykanoo, and @macilme!

I’ll be in touch with you shortly to discuss how you can receive your prizes.

We owe the success of this giveaway to everyone who shared their experiences and knowledge! You make BabyPips a great community, and we thank you for your contributions and for spending your time with us.

Don’t worry if you weren’t so lucky with this giveaway! We have more in the works, so watch out for those!