Trading is a way of being – the way you think, the way you feel, the way you make choices, your instincts and actions.
Forget the hype and promises of easy money with Forex trading. Forget about the “secrets that will crack the Forex market”, forget about install-and-profit robots, and forget about getting rich quickly.
Pip Mavens is about gaining the right perspective and making the right choices based on reasoned thinking.
It’s about how to make sustainable profits over the long run.
A quick definition…
Pip: The smallest price increment in Forex trading
Maven: A connoisseur
For half a decade, I’ve been fascinated with the various methods of Forex trading.
I’ve scalped the 5 minute chart, swing-traded the 1 hour chart and trend-traded the daily chart. These are a few of the ‘flavors’ of Forex trading I’ve tested.
Each ‘flavor’ has its unique set of pros and cons, and over the years I’ve arrived at a hybrid method that I’ve personally found to be optimal — trading off the 4-hour and daily charts.
Now, this doesn’t mean that I don’t occasionally trade off the 15-minute or 1-hour charts. I still do. It’s just that these type of trades don’t make up a significant portion of my total trading profits. There are a few important reasons why I don’t rely too much on intra-day trading, and this is a topic I’m sure I’ll be writing about in a future blog post.
Sometimes, I’ll write reviews about the trading tools and products I’ve come across, both the good and the bad. Sometimes, I’ll rant about the crap I see in the online Forex industry. But whatever my current gripe is, Pip Mavens will always, fundamentally, be about long term sustainability in retail Forex trading.
Who is Chris Lee?
That’s me. I’m the guy writing all the posts and recording all the videos that you see on this site. I live and grew up in Singapore.
Since my university days when everyone was only interested in stocks, I’d instead be drawn towards currency trading. It just made more sense to me (which is another topic I’ll likely be writing about in a future post).
You know how some books (like the Market Wizards series) have interviewed successful traders and how they found good trading mentors?
Yeah, well, it wasn’t like that for me at all.
Although I’ve paid well over $20,000 in seminars alone to learn from 4 separate “trading gurus”, none of them really taught me anything that made a significant improvement to my trading bottom line. And from what I know, 3 of them have disappeared from the face of the earth – their companies have closed down and nobody knows where they are, or what happened to them. Hm!
So it was through years of reading books, visiting online trading forums, a LOT of thinking and reflection, and a couple of helpful people along the way that I managed to claw my way back from blowing up 3 of my trading accounts, to breakeven, to consistent profitability. It was a slow and painful journey.
I started trading in 2004/5, but it wasn’t until 2007 that I got my act together and begin to make enough money to replace my full time job as a project manager at the time.
After seeing consistent results that could comfortably pay the bills, I decided to quit my job in 2008 and haven’t looked back since.
In 2009, I set up the Pip Mavens Inner Circle to share my experiences and show people how I trade.
Since then, I’ve had the good fortune of communicating with people all around the world who share the passion of trading for a living. This has been on many levels a rewarding experience, and I intend to keep at it for as long as it keeps me growing.
So how’s all this relevant to you?
This is not a wannabe blog created by someone who hopes to make a few bucks through promoting Forex products (which is what many Forex “blogs” do).
Forex trading is what I do for a living. And writing about it, creating videos about it, and teaching it is something I enjoy almost as much. It’s an amazing “job” that never remains static, and never gets boring.
Oh, and did I mention its a great way to make money? Well, not overnight… but once you “get it” and start trading smart, the wealth begins to build quickly.
So thank you for visiting my blog, and welcome! I hope you learn a few things here that will directly result in you making more money with your trading.
All the best,
