Reviewer Quality Score
based on 2 reviews
moneychick
Comprehensive Forex Education
for BabyPips.com
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.
Gets the job done
for FXCM
5/10/2010
- Pros:
- Easy-to-use platform, Good customer support, Solid trading platform, Good transaction reporting
- Cons:
- None
- Bottom Line:
- Yes, I would recommend this to a friend
- Quote:
- FXCM is a large broker with many clients and I find it easy to see why. They have a stable, easy to use and comprehensive platform and they back it up with very good customer support. Everything you need to trade effectively is available to you through FXCM. They provide news updates and trading advice from professionals through their Dailyfx website. They offer a user support forum for their micro account holders and phone support for their standard account holders. They are a "no dealing desk" broker. Their spreads are reasonable and after a few months of trading with them I haven't had any problems to speak of whatsoever. I am satisfied with FXCM and recommend them to anyone interested in trading forex.
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