- The “So Easy It’s Ridiculous” Trading System
- General Trading Questions
- Latest Beginner Questions topics - Forex Trading Forum
If we did find something interesting, the content only covered a handful of forex-related topics and few sources specialized in forex — everything was scattered. There was not a place to learn forex trading for beginners.
The “So Easy It’s Ridiculous” Trading System
We were left to learn about topics such as support and resistance on one website, about MACD on a second website, trading psychology on yet another website, risk management on a 10th website…you get the idea. For more than a decade, BabyPips. All that for free! And did I mention our Trading Quizzes? This is all self-study, done at your own pace. To compliment the learning at the School of Pipsology, we also provide regularly updated News and Insights articles, a community forum where you can exchange questions and answers with other registered members, our Forexpedia of forex terms and definitions, and several tools like calculators and an economic calendar.
Click on the Join link from anywhere on the website. Use an existing email address or a social media account to register for an account. Simple and completely free! It depends. If you want to read News and Insights articles, follow discussions in Forums, read a lesson in the School of Pipsology, take a quiz, or check out the latest calendar events, no account is necessary.
If you want to post and reply in the Forums, and receive notifications about people and topics you want to follow, you definitely need an account. Join now! The foreign exchange market , also referred to as forex or FX , is the global currency trading market. It is the largest, most liquid financial market in the world. When trading forex , currencies are traded in pairs.
For example, the Australian dollar and the U. A currency pair consists of a base currency and a quote currency or counter currency. It is a way to display and price one currency against another. Currency pairs are conventionally shown as two abbreviated currency names, separated by a slash.
General Trading Questions
The most frequently traded currency pairs in the world are called the majors. These pairs all contain the U. The major currencies include the euro, U. Did you know that certain brokers are actually scammers? Read more to see who has your back! Other countries also have their own regulatory agencies! Scams are real. Binary options are arguably a simpler way to trade than traditional options or currencies.
Fundamental analysis, technical analysis, and sentiment analysis… These building blocks of analysis can also be used when trading binary options! Binary options trading is the new kid on the block, gaining the attention of regulators only recently as it is now being offered by many brokers, both old and new to the industry.
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Get to know yourself first before doing anything else in your FX journey. Give the quizzes a shot and find out more about the budding trader in you.
Latest Beginner Questions topics - Forex Trading Forum
Each trader is unique, which means each trader needs his own trading style. Are you a scalper, day trader, swing trader, or position trader? Picking which currency pair to trade is just as important as finding your own trading style. You have to find a currency pair that you are most comfortable trading.
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Are you a newbie or a pro? Your level of trading experience will determine whether you should trade live or stick to demo for a while.
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Some traders rely heavily on indicators while others merely look at price action for a trade. Which style do you prefer? Should you go with a trend-following mechanical trading system or a reversal-spotting one? Find out what kind suits your personality better by taking this quiz!