Monday, July 7, 2008

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.

Remember when you attended grade school? No? Well, according to our memories, here's how it worked.

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're in, you'd attend one of three schools:

ELEMENTARY SCHOOL

MIDDLE SCHOOL

HIGH SCHOOL
Pre-school

Which Currencies Are Traded?

The most popular currencies along with their symbols are shown below:

Symbol Country Currency Nickname
USD United States Dollar Buck
EUR Euro members Euro Fiber
JPY Japan Yen Yen
GBP Great Britain Pound Cable
CHF Switzerland Franc Swissy
CAD Canada Dollar Loonie
AUD Australia Dollar Aussie
NZD New Zealand Dollar Kiwi


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