FX Live Day Trading
(4.8 stars)
Forex live trading room.
Comprehensive Forex Education
5/20/2010
- Pros:
- Easy-to-understand, Active community, Free, Detailed
- Cons:
- None
- Bottom Line:
- Yes, I would recommend this to a friend
- Quote:
- Babypips is a tremendous resource of Forex education for any trader concerned with broadening their knowledge of trading basics. Their school breaks the process of trading into it's various parts to show the ins and outs of each topic.
The daily blogs on Babypips provide useful examples and explanations of trading strategies, specific trade decisions by experienced traders and overall trading systems.
Babypips offers other features such as broker comparisons, glossary of Forex terms and links to other trading related sites that allow a trader maximum exposure to education in Forex. The most valuable aspect of the site is the reasonable approach to trading that the authors present. They stress proper money management, minimizing risk and being wary of excessive leverage. If you are a novice trader, looking to stay out of trouble I strongly recommend following the teaching at Babypips. It is the best example of a Forex education site. I cannot recommend it enough.
