It’s my first time out. I’m still reading the School but getting antsy to trade! Do I read and read more until I’m done or what? Am I doomed already?
Take your time learning and building your foundation. You can try demo while you keep reading, so you can apply what you’re learning without risking real money.
1 Like
Ok, some are saying to finish the whole school. It’s so long!
Hey! Demo account shall be initiated at the use of scalping, day trading, position trading and price action trading techniques. Practice the strategy over and over again, learn the mistake, and avoid repeating them, and set a financial budget on how much you are willing to spend. So, demo is not the same as the real account, so be careful!
On demo, it doesn’t matter. It’s not real money, so go ahead and start having fun losing and winning sometimes—no big deal. I give you permission to try anything at this point. 
1 Like
No, you will go stir crazy. It is essential to practice the mechanics of trading during your study. Open a demo account, or a few. and learn how to place a buy order and a sell order, and do the lot size calculations. For most people, this is a hard learning curve. For some, and depending on the broker and software chosen, it can be a lot easier.
Good luck with the demo experience.
1 Like
Do not use any strategy in your real account if you did not test everything about that in a demo account.
Hi. Try to learn basic of the market, no need more, then find reliable strategy with good risk money mng. Trade on demo untill you will be consistent profitable, then go on live acc.
I suggest you that you take prop firms accont its good to trade with that rules they have that you wont overtrade.
Where does one find this strategy you talk of??
Accepted!
Any pointers here?
I know it feels like a lot, but the School of Pipsology is really helpful. Just focus on learning a little each day, and you’ll get through it before you know it.
Start with a trend-following strategy on the daily time-frame. Specifically, uptrends are easier for a new trader to recognise and utilise than downtrends. A simple objective strategy should identify a pull-back and allows the trader to set a buy order above where price has fallen back to but below the recent highest price levels. The chart will also suggest a stop-loss level according to recent price support.
1 Like
Okay, I’m jotting that down. I’ll give this a shot.
1 Like
@tommor
I agree - but why use the daily time-frame?
If you take away the price and time axis all charts tend to look the same and you will learn much quicker using the 5min time-frame.
I have had this argument before - it can be substantiated by quotes from Al brooks, Linda Raschke and recently by Tom Hougaard (all very worthwhile educators).
'If you strip away the time and price axis of a chart, you will likely be unable to differentiate between a five-minute chart and an hourly chart.
In a sense that is good news. It means that we can perfect our craft and then find a time frame that suits our trading temper’- Tom Hougaard (Best Loser Wins p66).
1 Like
The reason why not is only because new traders can’t do it when they start out. But once you’re experienced and consistently profitable, yes, why wouldn’t anybody go to intra-day.
1 Like
Only if you tell them they can’t 
Newbies are indoctrinated from the start - that trading is so so difficult - RUBBISH
1 Like
I agree. The people who tell them they must spend 10 years or 10,000 hours before they can be a trader are wrong or lying. Perhaps to themselves too.
1 Like
@tommor I’m glad you agree, I didn’t want my last post to appear offensive 
There does seem to be a pervading attitude in trading to build a mystique of difficulty.
I do believe that trading can be very emotionally challenging, but nowhere near as difficult as learning a foreign language, for example. Perhaps I would liken it to learning to swim, where one has to overcome fear.
1 Like
I was looking at EURUSD today. It already had a pullback from the previous candle. But man you have to wait a while for things to develop!