If you have never traded currencies before then a good place to start is babypips.com. The site is rightly popular so here is our babypips,.com review.

In terms of currency trading information babypips gives you all the basics you need to know to understand currency trading and the trading school contains a complete round up of everything from what a pip is to reviews of popular trading indicators and strategies.

The Trading School

Covers a lot of topics which will be useful for novice traders which include:

An introduction to currency trading pips

Advantges of trading Forex and a comparison with other investments

An introduction to fundamental supply and demand influences

An introduction to technical analysis

Basic chart patterns and a look at major indicators

An introduction to the basics of FX money management

An introduction to trading psychology and getting the right mindset

Comment

It basically gives you a lot of currency trading info and sure you can find it all for free online in other sites but its nicely organized and has a lot of useful info to get you started with your currency trading education and also, the guys know how to write and the babypips school is an entertaining and fun read.

Will the site give you anything in the way of a strategy you can employ or does it give you anything unique which can help you get a trading edge? No it won't, that's something you have to do for yourself.

Blog and Forum

Currency trading blogs and forums are popular online and the concept is you can learn from other traders and swap ideas and while there is plenty of activity on the babypips blog and forum, its the usual people who are in there – people who can't make money trading, have no idea on what trading is really about and who make themselves feel better by dispensing their so called wisdom.

Forex trading is not a social activity, its for loners and I know no serious Forex trader, who spend time hanging around a forum or blog and posting comments. This is a comment on blogs and forums in general and I personally think any trader should avoid them and trade in isolation.

Final Words

We all need to learn all the basics on how and why currencies moves and tools which are used to forecast currency trading prices and if you want to get all the basic info in one place, the babypips school is great. If you have never traded FX before visit babypips; once you understand the basics of currency trading, you can go and formulate your trading strategy.