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  • Absolute Beginners-The Basics of Trading

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    Boris Bonkoungou
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    This document provides recommendations for levels of documentation for traders of different experience levels. It recommends that complete beginners study sections on the basics of trading from the website babypips.com, including pre-school, kindergarten, elementary school grades 1-2, and recommends reading but not necessarily using the techniques from grades 3-5 in the same way. It also recommends reading but not using the summer school techniques, and notes prop-trading usage may differ from lessons in middle school, high school, and undergraduate levels. Once completing all babypips study sections, traders would be ready to learn institutional-style retail trading.

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    This document provides recommendations for levels of documentation for traders of different experience levels. It recommends that complete beginners study sections on the basics of trading from the website babypips.com, including pre-school, kindergarten, elementary school grades 1-2, and recommends reading but not necessarily using the techniques from grades 3-5 in the same way. It also recommends reading but not using the summer school techniques, and notes prop-trading usage may differ from lessons in middle school, high school, and undergraduate levels. Once completing all babypips study sections, traders would be ready to learn institutional-style retail trading.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views3 pages

    Absolute Beginners-The Basics of Trading

    Uploaded by

    Boris Bonkoungou
    This document provides recommendations for levels of documentation for traders of different experience levels. It recommends that complete beginners study sections on the basics of trading from the website babypips.com, including pre-school, kindergarten, elementary school grades 1-2, and recommends reading but not necessarily using the techniques from grades 3-5 in the same way. It also recommends reading but not using the summer school techniques, and notes prop-trading usage may differ from lessons in middle school, high school, and undergraduate levels. Once completing all babypips study sections, traders would be ready to learn institutional-style retail trading.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    2.

    Levels of Documentation
    <G-0>

    a. Complete Beginner: The Basics of Trading

    Rather than reproduce what is available elsewhere, anyone new to trading either Forex or Futures or
    Options should go to www.babypips.com/school and study the following sections:

    All the Pre-school lessons.

    All the Kindergarten lessons.

    Elementary School Lessons: Grades 1, 2.

    Plus read Grades 3, 4, 5 because you need to know of their existence. However the Prop-Time usage
    of these will be shown later in this document, because they are either avoided or used in a different
    way to that taught to retail traders.

    Middle School: Read all the lessons, but Prop-Time usage will differ.

    Summer School: These are NOT USED in Prop-Time.

    High School: Read all the lessons, but Prop-Time usage may differ.

    Undergraduate Lessons: Study all the lessons, although Prop-Time usage may differ slightly.

    Once you have completed all that, you are ready to really start to learn how to trade like an
    institutional trader but in the retail environment.

    <G-0 end>

    For Reference: Screenshots of BabyPips shcool subjects:

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