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Pipsociety – Forex Amazing Strategy
Pipsociety – Forex Amazing Strategy
Archive : Pipsociety – Forex Amazing Strategy
Famous Asked Questions
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1 – What sessions and markets does this work for?
This method works in all sessions. We have found its performance to be strongest in the London, then the U.S., and lastly, the Asian, but it is effective in all sessions, and you will find traders in the PIP SOCIETY family who trade in all sessions. You can use it to trade when you need to in order to accommodate your current schedule until you can afford to use it to trade when you want to. We have heard from other traders that the same market behavior is seen in the Futures and Commodities markets, but we have not used this method to trade those markets ourselves.
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2 – Does this method work for position trades, swing trades, day trades…?
This method works on all time compressions.
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3 – How long does it take to learn?
This is like asking someone how long it would take to learn to speak a foreign language. Some would learn in 6 months, others in a year, some will never complete the learning process. We have had a few traders leave their first class profitable, and never look back. Obviously, this is not the norm, but still very possible. Some traders learn the method in just a few weeks to a few months. Most traders take 6 months to a year to really learn it. it’s really about how committed you are to learning.
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4 – What hours do you trade?
Mostly the London, but also the U.S. session on occasion. Many of our top traders trade the U.S. session only, but you should trade the hours that fit into your schedule.
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5 – Do I need a PC or can I use an Apple computer?
We do have traders that use Apple computers to trade. You can use the Bootcamp program to have Windows run internally, or you can download a program like Parallels that allows Windows to run within your Apple computer. There are web-based MT4 platforms for a fee (you must find these yourself via the internet
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What is forex?
Quite simply, it’s the global market that allows one to trade two currencies against each other.
If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.
If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.
Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.
An exchange rate is the relative price of two currencies from two different countries.
You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!
You’ve exchanged one currency for another.
Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.
Currency Exchange
Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.
It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.
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