the School of Pipsology as easy and fun as we could to help you learn
and understand the basic tools and good practices used by forex traders
all over the world, but remember that a tool and technique is only as
good as its handler.
A painting does not become a beautiful masterpiece by the brush
alone. It’s the vision and skillful hand of a painter that creates a
work of art.
It’s your ability to read the market, execute the correct strategy
for that particular situation, and consistently apply proper risk
management techniques that hopefully gets you more profitable wins than
losses in the long run.
Like in art, sports, or any performance endeavor, forex trading is a
multi-faceted skill. The tools alone won’t make you successful.
A dedicated effort towards education and application of what you
learn, as well as the constant review of your performance is the only
path to success.
Continuing with the basketball analogy, if your goal was to reach the
NBA, would you get to the level of performance you desired by playing
games only?
Or would you develop faster by focusing on physical conditioning,
developing different skills (a jumpshot, dribbling, footwork, passing,
etc.) in practice, as well as playing games?
Probably the latter right?
If you went straight to the NBA without any training, do you think you’ll score many points or win games?
Nope. We didn’t think so.
Learn the market. Learn forex trading techniques and high probability setups/systems.
Learn how to manage risk with proper position sizing and stop losses to limit risk and maximize reward.
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