Babypips review (2022) – A great starting point for Forex traders

RATING

About This Course

BabyPips is an online forum that aims to assist individual traders in learning how to trade currencies. It offers a comprehensive introduction to the world of trading and provides educational content to help traders achieve the best possible results. The website was created in 2005 by its founders, who noticed a lack of resources and guidance for beginning traders in the market. BabyPips was designed to fill this gap by offering a wide range of forex-related information and answering questions from traders of all levels.

What They Offfer

BabyPips is a comprehensive resource for traders of all levels. The website is organized into various categories, such as MarketMilk, News, Trading, Education, and Forums, to help traders access the information they need at every stage of their journey.

MarketMilk is an onsite software tool that allows traders to compare real-time data for different currencies in chart and graph form. This can be useful for making trading decisions and understanding the strengths of various currencies.

The News section features weekly currency reviews, currency session watchlists, and daily news that may impact currency markets. It is written in a clear and engaging style and includes links to sources for further reading.

The Trading section is divided into four subcategories: Trade Ideas, Technical Analysis, Psychology, and Trading Systems. It offers specific strategies and tips from top traders, as well as helpful information on trading psychology.

The Education section is a standout feature of BabyPips, with 348 lessons organized by skill level from Preschool to Graduation. It also includes quizzes to test your knowledge and a Forex Glossary for understanding trading terms.

The Forums section is a community space for traders to discuss various topics, ask questions, and share their experiences. It includes a section for introducing yourself to other forum members and is organized into categories such as Trading Styles, Trading Strategies, and Brokers.

Overall, BabyPips is a valuable resource for traders looking to learn the basics, improve their skills, and stay up-to-date on the latest developments in the market.

Pros

  • BabyPips is user-friendly for traders of all skill levels
  • The resources on the site are informative and presented in an easy-to-understand manner
  • The articles are written in an informal, engaging style and may include a sense of humor
  • The newsletter is a useful resource for staying up-to-date on daily trading news, with a summary of key points in no more than 6 bullet points

Cons

  • Mainly aiming for beginner traders

Final Thoughts

What level of expertise do I recommend for using Babypips?

Although Babypips primarily targets beginner traders, I believe that it is a valuable resource for traders of all skill levels. The wealth of information and resources available on the site is impressive, and I recommend that all traders take a look at it. In my opinion, Babypips is a must-use website.

What rating would I give Babypips?

In summary, I would give Babypips a top rating of 5 based on three criteria: ease of use, information, and entertainment.

Ease of use: I give Babypips a 5 for ease of use. The website is well organized and the tools and resources are clearly explained, making it accessible for even beginner traders.

Information: The depth and breadth of information available on the site is impressive. It offers current and forecasted news, a comprehensive education section, and a wealth of Forex terms and skills. This category deserves a 5, if not more.

Entertainment: Babypips keeps me coming back for more with its engaging writing style and interesting articles. The site is enjoyable to use, earning it a 5 in the entertainment category.

Overall, I highly recommend giving Babypips a try. You can also follow them on social media for daily updates.