Structured into eight schools, the forex learning guide takes traders from "forex preschool" all the way through "forex graduation." Traders start with topics such as basic forex terminology and the best times of the day to trade. As traders progress in their learning, they are introduced to more advanced topics such as market sentiment and risk and trade management. The School of Pipsology even offers tips about preventing Forex scams in articles like, “Don’t be a Sucker!”
Forex traders can stay on-task using the School of Pipsology’s new self-paced learning tools. After a lesson is finished, traders can mark the lesson complete. Progress meters in the navigation bar track the trader's completion of each section. Users can also click on a school to see a full list of completed lessons, which are noted by a green dot.
“These tools help keep traders stay focused while learning the fundamental skills of trading, risk management, and understanding the markets. We want people to be really excited about what they’re learning, not fall asleep at the wheel,” said BabyPips.com co-founder Odell Ramirez.
Forex fundamentals are important for successful trading. However, Ramirez also emphasizes the importance of unemotional trading.
“Those new to forex trading can get caught up in the thrill of the moment. Their adrenaline is pumping, and then they expect the money to start flowing,” said Ramirez. “But more often than not, they are dumbfounded when they start to lose trades left and right or fall for scams. Learning the basics can save you from losing sleep and, maybe more importantly, money."
Beginners will have plenty of information to equip themselves as they start to trade. Intermediate and more experienced traders will also have plenty to review. The School of Pipsology retains many of its most popular articles while tripling the content of the previous version. Traders are encouraged to check back any time they need a refresher on their skills.
The School of Pipsology is complemented by other resources offered by BabyPips.com. The site’s popular blogs and forums provide examples and tips on trading methodologies, product reviews and how-to’s from industry experts and fellow traders. BabyPips.com’s forex economic calendar, launched in early July, is one of the site’s most popular tools.
Like its previous version, Babypips.com’s School of Pipsology will remain free to all traders. Users can get started with forex lessons by visiting www.babypips.com/school.
About BabyPips.com
BabyPips.com is an easy-to-understand resource for forex traders. Created in November 2005 by the FX-Men, BabyPips seeks to protect newbie traders from losing all their money in the forex market either from their own poor trading decisions or from forex scams. Through free lessons in the School of Pipsology, articles, blogs, forums, and forex tools, BabyPips.com provides up-to-date information to help protect newbie and experienced traders in the forex market. Start trading smarter at BabyPips.com.
###
