I am new to Forex and New to babypips.com

I just thought I would introduce myself and say hello. I am completely new to Forex. I am doing a lot of reading and this site has some great material. Everyone tells me about this system or that method… too much input! I have to sort through it all before I risk real money. For now, I am a virtual sponge, soaking up any info you got. Thanks.

Welcome! you should also try out some demo trading.

Welcome.

See if you can anwer these basic questions to give you a core of understanding.

  1. What is a pip?

  2. What is the difference between going “long” and going “short”?

  3. What is the definition of “equity”? How is it different from cash?

  4. What is a currency pair?

  5. What is a spread? How is it related to commission?

  6. What is a “bucket shop” broker?

  7. What is price action? What are 2 ways in which it can be represented?

  8. What is a “news release” ? How does it affect the price action?

  9. What is a timeframe?

  10. What is a stop loss?

welcome to this great and helpful community bro. I hope you will enjoy your stay here and will get lot of information about Forex.