Fundamental Trading

Two Types of Trading

There are 2 basic types of analysis you can take when approaching the forex:

  1. Fundamental analysis
  2. Technical analysis.

There has always been a constant debate as to which analysis is better, but to tell you the truth, you need to know a little bit of both. So let’s break each one down and then come back and put them together. Continue reading

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Protect Yo Self Before You Wreck Yo Self

Before we go any further we are going to be 100% honest with you and tell you the following before you consider trading currencies:

  1. All forex traders, and we mean all traders LOSE money on trades.
    Ninety percent of traders lose money, largely due to lack of planning and training and having poor money management rules. Also, if you hate to lose or are a super perfectionist, you’ll probably have a hard time adjusting to trading.
  2. Trading forex is not for the unemployed, those on low incomes, or who can’t afford to pay their electricity bill or afford to eat.
    You should have at least $10,000 of trading capital (in a mini account) that you can afford to lose. Don’t expect to start an account with a few hundred dollars and expect to become a billionaire. Continue reading
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General Info

Major and Minor Currencies

The eight most frequently traded currencies (USD, EUR, JPY, GBP, CHF, CAD, NZD and AUD) are called the major currencies. All other currencies are referred to as minor currencies. Do not worry about the minor currencies, they are for professionals only. Actually, on this site we’ll mostly cover what we call the Fab Five (USD, EUR, JPY, GBP, and CHF). These pairs are the most liquid and the most sexy. Continue reading

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School of Pipsology

Forex education is crucial for beginners.

School of Pipsology is designed to help you acquire the skills, knowledge, and abilities to become a successful trader in the foreign exchange market. Our definition of a successful trader is having the ability to do three things:

  1. Make pips
  2. Keep pips
  3. Repeat

If you can repeatedly do these three things, then you’re on your way! But it’s no cakewalk. Continue reading

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