Month: March 2021

Love The Forex Game

In his prime, NBA legend Kobe Bryant MADE 1,000 shots a day in practice to increase his chances of making the 20-30 shots a game he takes. Along with team practice, Peyton Manning (NFL legend) watched hours and hours of tapes of opposing teams every day (even during the offseason) to develop his uncanny...
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Be Patient. Stay Disciplined.

Patience. It’s a virtue…Especially with forex trading. Arnold H. Glasgow, an American humorist, once said, “The key to everything is patience. You get the chicken by hatching the egg, not by smashing it.”Developing your currency trading plan will take time. Developing skills will take time. Waiting for the right trade...
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Holy Cow! There’s No Holy Grail!

Ask any quant on Wall Street (the super geeky math and physics PhDs who create complex algorithmic trading strategies) why there is no “holy grail” indicator, method, or system to pull profits 100% of the time. You will probably be given two reasons: 1. You can’t predict the future....
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Focus on the Process. Not on the Profits.

We’ve made 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...
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Never Make the First Move

Unless you’re a good lookin’ dude (like Pip Surfer – holler!) who’s trying to win over his lady crush, never make the first move. What we mean by this is that you shouldn’t always jump in when you see the market moving so quickly. Dealers know that, about 80% of...
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Trade Like an FX Dealer

Meet Arnold. Arnold is from Pipfornia and is a bodybuilder chef who trades. Like many other traders, he has a mechanical system based on breakouts. Arnold even has a special name for it: the Terminator System. He follows his system with rock-solid discipline (which is how he got his...
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Time Is Your Most Important Investment As A Trader

A common mistake by many new traders is that they think they can make money… fast! While it’s true you can make money in a short amount of time, it doesn’t mean you will end up profitable in the long run. A typical scenario is that a new trader reads a...
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Graduation Speech!

Congratulations! You made it! You’ve read all six gazillion pages of the School of Pipsology and now you have everything you need to conquer the forex world, retire in a year or two, and then go travel the world in your Gulfstream G650 jet, right? Think again NOOB! I’m still...
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Binary Options Vs. Forex

Binary options trading has long existed over-the-counter, only experiencing a massive growth spurt in the last few years. Now, approximately 90 companies (including those who white label their products) offer some sort of binary options trading service. So okay, it’s a growing industry… But why should you involve yourself...
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Are Binary Options Regulated?

Binary options trading is the new kid on the block, gaining the attention of regulators only recently as it is now being offered by many brokers, both old and new to the industry. Unlike spot forex trading, which is overseen by the CFTC, NFA, or other foreign regulatory agencies, there...
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