What is it?
Babypips.com is a website which has been set up to aid forex learning and is targetted towards mainly those who want to learn forex trading.
The main selling point of the website is that it teaches people the way to trade the forex markets in an easy to understand format as it is meant to be for those who are completely new to forex trading.
What is provided on this website?
The website is very well laid out and has a few sections of note. The main menu on the website highlights a "school" which is an online resource that teaches forex trading, forex tools section, the forum, the blog and a section called forexmedia which highlights the terms used in forex trading.
The site also has sub sites within it's eco-structure called
- Freshpips, (highlighting the latets tips)
- Meetpips, (trading journal from other traders)
- Reviewpips and (forex software reviewed)
- Askpips. (a question and answer to detail any prolonging questions)
Out of all the sections the askpips section is not as updated as the rest, the questions seem pretty sparse with activity dating back to a few months.
How can this website help me?
Babypips is designed to teach people, who are new to forex trading, the basics of trading, hence the names baby-pips (pips being a financial trading term).
The website highlights the trades that someone should do but it is up to the user to decide how they want to play the forex market nut in general it is a fantastic website which should be sued as an add-on to other forex programs as well. the more information you have the better your forex trading will actually be as you need to get used to picking up market fluctuations.
It does have a few tools that are available to be used, out of which the most useful one is an economic calender, pointint out events which can affect forex trading, for example a government convention.
The website has many sections which are self-explanatory and very easy to navigate. The resource of information on the website is very well documented and really makes it a gem of a website.
Is it easy to use?
The information provided on this website is FREE.
Can I make money from forex from just using this website?
Well realistically this website is not aimed at providing a complete platform, it should be used as a guidance to actually learn forex terms with the wealth of knowledge on hand. Anyone interested would need to signup for an account,absorb all information then test the forex markets themselves using an account on a special platform.
The website provides a lot of advice and constant stream of information whilst the forum seems very well manned as well as the resourceful articles which are updated very regularly.
The content is compiled in the form of a blog where users under pseudonyms, various writers aggregate content and present their own insights into the ever changing world of forex trading.
You can find out more about this service at: http://www.babypips.com
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