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Thursday, November 30, 2006

Learning Forex








School of Pipsology

Forex education is crucial for beginners.

BabyPips.com’s School of Pipsology provides free forex education that 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!

Remember when you attended grade school? No? Well, this is how it worked.

In the United States, you start schooling at the age of five and enter Kindergarten. The next year you enter 1st Grade. If you pass, the next year you enter 2nd Grade, and so on, all the way up to the 12th Grade. Depending on what grade you were in, you would attend one of three schools:

1. Elementary school (Kindergarten - 5th grade)
2. Middle school (6th grade - 8th grade)
3. High school (9th grade - 12th grade)*

This is how our lessons are broken apart so you can relive the past and also be able to learn and study forex trading techniques at your own pace.

You will learn how to identify trading opportunities, how to time the market, and when to take profits or close a trade. But that's not all folks. You will also learn the art of risk management: how to maximize your profits and keep your losses to a minimum. Our forex education curriculum here at the School of Pipsology will make a bold attempt to cover all aspects of forex trading.


 
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