One can study Forex Trading at the School of Pipsology and soon can rake in pips. This proves that the learning of Forex Trading is made very simple and much easier. The education of Forex Trading is indeed made very simple by the people who have had their fill of self-educating about the Forex Trading before becoming the successful Forex Traders. The main objective of the School of Pipsology is to educate the beginners who do not have any idea about what Forex Trading is basically all about. The school was mainly developed having the newcomers in mind, who are just trying to sort out the odds and ends of the Forex Trading. There are various levels of grades in the School of Pipsology and these levels are listed out in this article through which the Forex Traders are educated.

The first level is the Kindergarten level, at which the beginners are educated about the types of trading and the types of charts used for the analysis of the Forex Market. During the end of this level, the student would have learnt to analyze the market basics such as economy and the price movements in the Forex Market by using the charts.
The 1st grade level, the student will be focused on reading the candlestick charts in a way to read the market behavior. At this point, the student would have known how to extract the buying or selling activities of the bulls and the bears.

In the 2nd grade, the student is familiarized with the support and resistance levels. That is nothing but the technique of reading the upper limit which is known as the resistance. The resistance is the highest point before an upward turns in the opposite direction. The other parameter is the support which is where the downward movement of the market switches to the opposite direction. Along with these two parameters, the student will also learn about plotting the trend lines and channels.

Then the student is educated about the Fibonacci retracement and extension levels in the 3rd grade of the school. This level is used as the profit taking level. The student will know how the traders watch these levels in order to place their buy and sell orders.
The main objective of the 4th grade is to teach the student about the moving averages. The two types of moving averages taught to the students are the simple and exponential moving averages.
The 5th grade level will take the students through the most common chart indicators, one by one. These chart indicators are used in analyzing the market indices.

These levels of grades are just the basic education that one needs to know to excel in the trading business. And these are all taught to the newcomers at the School of Pipsology where education about the Forex Trading is provided.