Have you heard of BabyPips and wondered what it is? Read on for more information about this popular online trading community and website.
What is BabyPips?
BabyPips is an online educational resource that provides free information and courses on forex trading. It is designed for beginners who want to learn the basics, hence the name.
BabyPips is a popular resource for new traders who are looking to gain knowledge and skills in forex trading. The website offers a variety of resources, including articles, videos, quizzes, and a forum where traders can interact and share their experiences.
BabyPips was founded in 2005, by Winston Klein, amongst others. It is based in the US, but serves traders from all over the world.
The BabyPips Forum
The BabyPips forum is a popular hub for new and seasoned traders alike. As of August 2023, it had over one million members.
The forum has a variety of sections, including Beginner Questions, where most new traders start, Trading Discussion, which includes risk management practices, news, trade journals and trading lifestyle discussions, Trading Systems, including expert advisors (EAs), and a general Community subsection, where members can introduce themselves and ask questions.
Is BabyPips well regarded?
Yes, BabyPips is generally well regarded in the trading community. On Trustpilot, it has a good rating, with 4.2 out of 5 stars based on 44 reviews. On ForexPeaceArmy, it has an even better rating of 4.9 out of 5 stars based on 249 reviews.
Does BabyPips have an Economic Calendar?
Yes, BabyPips has a forex calendar which highlights the likely risk of individual planned economic announcements, from low to medium to high. This is to encourage traders to be aware of times when the markets might move rapidly or unpredictably.
How does BabyPips compare to Trade2Win and Forex Factory?
The biggest difference between BabyPips and other trading communities like ,Trade2Win and ,Forex Factory is in the style of the website and its mission. The layout and colours are intentionally less intimidating, encouraging new traders to find out the information they need.
This is emphasised in the stated mission of BabyPips, which aims to help ‘new traders learn about the forex and crypto markets without falling asleep.’