Babypips

School of Pipsology

Welcome! Are you new to trading forex? The School of Pipsology is our free online course that helps beginners learn how to trade forex. If you've always wanted to learn to trade but have no idea where to begin, then this course is for you.

Lessons Completed
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Course 1 of 11

Preschool

Currency trading? Forex trading? FX trading? Totally clueless about forex? Here's an introduction to the foreign exchange market.

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Course Outline

  1. What is Forex?
  2. How Do You Trade Forex?
  3. When Can You Trade Forex?
  4. Who Trades Forex?
  5. Why Trade Forex?
  6. Margin Trading 101: Understand How Your Margin Account Works

Course 2 of 11

Kindergarten

Learn the basics on how to choose a forex broker and analyze the currency markets.

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Course Outline

  1. Forex Brokers 101
  2. Three Types of Analysis
  3. Types of Charts

Course 3 of 11

Elementary

The beginner's guide to technical analysis.

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Course Outline

  1. Grade 1 Support and Resistance Levels
  2. Grade 2 Japanese Candlesticks
  3. Grade 3 Fibonacci
  4. Grade 4 Moving Averages
  5. Grade 5 Popular Chart Indicators

Course 4 of 11

Middle School

Learn how to properly use chart indicators, spot chart patterns and use pivot points.

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  1. Grade 6 Oscillators and Momentum Indicators
  2. Grade 7 Important Chart Patterns
  3. Grade 8 Pivot Points

Course 5 of 11

Summer School

Take your technical analysis and chart reading skills to another level by learning Heikin Ashi, Elliott Wave Theory and harmonic price patterns.

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Course Outline

  1. Heikin Ashi
  2. Elliott Wave Theory
  3. Harmonic Price Patterns

Course 6 of 11

High School

Dig deeper into more technical analysis concepts like trading divergences, breakouts and using multiple time frames on your charts.

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Course Outline

  1. Grade 9 Trading Divergences
  2. Grade 10 Market Environment
  3. Grade 11 Trading Breakouts and Fakeouts
  4. Grade 12 Fundamental Analysis
  5. Grade 13 Currency Crosses
  6. Grade 14 Multiple Time Frame Analysis

Course 7 of 11

Undergraduate - Freshman

Learn how to gauge whether the market is bullish or bearish, how to trade during news releases and how to potentially make money without price moving.

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Course Outline

  1. Market Sentiment
  2. Trading the News
  3. Carry Trade

Course 8 of 11

Undergraduate - Sophomore

Learn how other asset classes like stocks, bonds and commodities can affect the foreign exchange market.

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Course Outline

  1. The U.S. Dollar Index
  2. Intermarket Correlations
  3. Using Equities to Trade FX
  4. Country Profiles

Course 9 of 11

Undergraduate - Junior

Learn how to develop a trading plan, create a trading system and maintain a trading journal.

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Course Outline

  1. Developing Your Own Trading Plan
  2. Which Type of Trader Are You?
  3. Create Your Own Trading System
  4. Keeping a Trading Journal
  5. How to Use MetaTrader 4

Course 10 of 11

Undergraduate - Senior

Develop the proper risk management skills and mindset so you don't become part of the 95% of new traders who end up losing all their money.

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Course Outline

  1. Risk Management
  2. The Number 1 Cause of Death of Forex Traders
  3. Position Sizing
  4. Setting Stop Losses
  5. Scaling In and Out
  6. Currency Correlations

Course 11 of 11

Graduation

Some final words of wisdom before you venture out into the challenging world of trading forex.

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Course Outline

  1. The Most Common Trading Mistakes New Traders Make
  2. Forex Trading Scams
  3. Personality Quizzes
  4. Graduation Speech

How does one become a butterfly? You must want to fly so much that you are willing to give up being a caterpillar.Trina Paulus

¹ Based on client assets per the 2022 monthly Retail Forex Obligation reports published by the CFTC

Forex trading involves significant risk of loss and is not suitable for all investors.

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