We've made the School of Pipsology as easy and fun as we could to help you learn and understand the basic tools used by forex traders all over the world, but remember that a tool 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.
A football doesn't find its way to the end zone by itself. It is the quarterback's ability to read a defense, position his players accordingly, and send the football to the right spot at the right time.
It's not the "ridiculously awesome" indicator, the Cowabunga system, or the "super duper" strategy that gets your account in the black at the end of the year.
It's your ability to read the market, execute the correct strategy for that particular situation, and consistently apply risk management techniques that hopefully gets you more profitable wins than losses in the long run.
Like in art, sports, or any performance endeavor, 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.
In the beginning, that process of learning and deliberate practice should be your main focus, NOT the profits.
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.
