When learning the ropes as a total beginner, it’s worth absorbing as much information as you can before risking your capital. Whether you’re trading forex or crypto or anything else, the risks inherent in financial markets are substantial – even to the point where experienced traders can find themselves losing heavily.

BabyPips exists as a service aimed at helping new traders find their feet. From understanding the basics of how to trade in forex and crypto markets, through to more advanced skills for first time traders like risk management and setting stop losses, their materials are useful for those planning to start trading for real. But what exactly is BabyPips, and which features are there that make this worth checking out further?

What Is BabyPips?

BabyPips is an online resource aimed at offering an introduction to trading financial markets. Aimed at those entering forex and crypto markets for the first time, BabyPips has a series of free courses designed to lead you by the hand – from your first introduction to trading the markets, through to making trading decisions, managing your trades, technical analysis and more.

The courses are broken down into multiple modules, and offer a comprehensive, user-friendly introduction to the trading world. Choose to learn forex through the free forex course, or crypto, for an introduction to investing and trading cryptocurrencies.

The resources are definitely aimed at beginners. While they are well designed and highly accessible, those with more experience of trading financial markets will find the materials a little basic. Experienced traders familiar with the BabyPips curriculum do recommend that traders find a strategy they are comfortable with and begin trading for real, in order to offer a more complete picture of how to trade financial markets.

Nevertheless, as free resources aimed squarely at those just starting out, BabyPips does provide a worthwhile introduction to forex and crypto trading.

Learn Forex with BabyPips

The forex course runs through 11 modules, starting with Preschool and Kindergarten. Here you learn the most basic information about forex, forex markets, and the what, when and why of currency trading. Through each of the modules, which run right up to Graduation at level 11, the course content becomes more sophisticated and challenging, looking at various concepts including technical and fundamental analysis, technical indicators, and market analysis.

The course is well designed and flows nicely, and it really is conceivable that a total forex beginner could sign up and learn their way through the fundamentals of how forex works and how the market trades.

If there is to be a criticism, it’s that the course only provides a theoretical introduction. In reality, trading the markets with real money is a very different proposition – there are some things you just can’t learn from a textbook. But on the whole, the forex course at BabyPips provides a useful walk-through of the fundamentals of trading forex markets.

Learn Crypto with BabyPips

The second course offered by BabyPips is their crypto trading course. There are 15 modules in the crypto course in total, explaining the fundamentals of bitcoin, blockchain, hashing, altcoins, crypto scams, ethereum, NFTs and crypto ETFs. Unlike the forex course, which offers a more developed look at forex trading and strategies, the crypto course is more basic in explaining the underlying concepts behind crypto, blockchain and crypto funds.

The course kicks off with an introduction to cryptocurrency, a basic overview-level explanation of what cryptocurrency is and why it matters. Every module from there is again very basic, setting out the knowledge you need to know as a beginner to cryptocurrency – but never really getting into the meat of what it takes to analyse crypto markets and trends, and to capitalise on price movements in the crypto markets.

The crypto course looks more basic than the forex course. If you’re serious about trading crypto, BabyPips will still provide some good introductory knowledge. But you will need to read more challenging, detailed resources if you are to properly learn the skills needed for successful crypto trading.

Features of BabyPips

Aside from the courses, BabyPips has a number of other free resources available. You can read through these materials at your leisure, with constant updates on the news and analysis side that can help inform your trading decisions.

Trade Ideas

A premium feature at BabyPips, trade ideas are published regularly to give you inspiration for possible trades you could make. These look at emerging trends in the markets to give pointers for potential opportunities for a profit. Obviously you need to act quickly on any tips or ideas that come from this, but they can provide useful insight and intelligence for factoring into your broader trading approach.

This feature is only available for those signed up as premium members. It costs £10 per month to register, or £8 per month if you pay annually.

Technical Analysis

Technical analysis at BabyPips gives you editorial analysis of the goings on in different markets. These often look at trading signals from the price data in underlying markets, presenting a line of thinking that can help influence how you make your trading decisions in your own account. Like the trade ideas, these can be a useful source of additional information you can weigh up when deciding how to move in the markets you trade.

The information tends to be well written and well thought-out, making it a useful service for traders. You don’t need a premium account to access the technical analysis write-ups, so you’re free to read these whenever you like on the BabyPips.com website.

Psychology of Trading

BabyPips also publishes resources on the psychology of trading, including useful tips and strategies you can use to manage the softer side of your approach to trading forex. These cover everything from tips for beginners in managing risk tolerance through to tips for dealing with high volatility trading periods. It’s often information that wouldn’t fit neatly into technical analysis or trading ideas, but that would be of value to developing you as a more rounded trader.

Again, this is free content, regularly updated by the team at BabyPips, to give you more food for thought as you venture out on your trading journey. The articles are all pretty basic-level discussion, which makes them accessible for total beginners. More advanced traders won’t find too much here for them, but BabyPips is all about helping newer traders learn the basics anyway.

Trading Systems

The trading systems category gives a rundown of different trading systems, and how you can use them in practice. Trading systems and strategies are a required step for anyone looking for a repeatable trading process, so reading the materials here can help – especially when you’re at a more formative stage of your trading career.

Like everything published by BabyPips, the information is easy to digest, informative and genuinely helpful for new traders.

Economic Calendar, News & Forum Section

BabyPips Forums

There are also other resources available at BabyPips, like an economic calendar (with all the key dates you need to know for your trading), plus a news section that is updated with important market news every day. There’s even a trading forum where you can ask questions and participate in discussions with other BabyPips users, ideal for answering any particular questions you might have about beginning your trading career.

In essence, BabyPips is all about helping traders make their first moves in the financial markets. By the time you’ve completed the courses, you’ll likely feel like you’ve outgrown what BabyPips has to offer. But for those taking those tentative first few steps into the world of crypto and forex trading, it can be a hugely valuable resource in the early days of your trading adventure.

Pros

  • Structured courses to learn forex and crypto: Learn crypto and forex trading fundamentals, for free, in a structured, basic way. Ideal for beginners looking for their first taste of how the markets work and the basics of trading.

  • Informative, well-presented and easy to digest: The content is easy to read, well-presented and informative. A user-friendly way of learning the fundamentals of forex and crypto trading.

  • Regularly updated with new materials and content: Daily posts across the BabyPips site ensure you are regularly updated with market-moving events, news stories, trading ideas and strategies. A good way to keep in the loop and make sure you don’t miss any key happenings.

Cons

  • Very basic information: If you’ve already had some experience trading forex or crypto, BabyPips is probably not advanced enough for you. This is really aimed at beginners, and providing really foundational information to those that have yet to place their first trade.

  • Limited crypto education: The resources for crypto trading are not nearly as developed as their forex offering. Taking the crypto course provides an even less advanced introduction to crypto trading, which will likely leave you with unanswered questions about trading strategy and tactics.

  • Some content requires premium subscription: Not all of the content is free – notably the trading ideas require a paid-for subscription. While this is only £10 a month, it’s still worth noting that there is a charge for some of the content offered up by BabyPips.

BabyPips Verdict: Is It Worth It?

In an industry where so much educational information is paywalled, BabyPips is a really useful tool. There is no denying that beginners will find their resources helpful, an ideal way to go from knowing nothing about trading to knowing something about trading.

Will BabyPips help you become a multimillionaire trader? Probably not. Or at least, not on its own. But it will give you a solid grounding in the fundamentals you need to know to become successful. And every great trader had to start somewhere.

While it’s not the most comprehensive or challenging resource in the world, BabyPips is definitely worth it for those first starting out on their trading journey. With so much high quality information available free of charge, it’s a great way to get your first start in the world of crypto and forex trading.