Welcome to the FOREX page. FOREX is short for Foreign Currency Exchange.

Let me tell a short story. In 1989 I went to work for Wachovia Bank. One day in my training I asked "Why does the business day end at 2:00 PM?". The answer was "So the bank could have time to balance the books for the day. Then take the money out and invest in over night investments".

Being the brilliant person that I am I asked "What investments are over night, and how could I?".
After several days they had an answer and it was "in Foreign Currencies, and you must have $250,000,000".

Now fast forward to 2008, the laws have changed and individual investors can now invest in the Foreign Currency Market.
By the way your bank still does, as well as most major corporations.

One of the great thing about FOREX is you can make money if the market is going up or down. IN FOREX you are either buying or selling in pairs. Study at BabyPips below.

Think of this. Using a high speed Internet connection. You use the Internet to collect money.
No recruiting. No sales. No having to chase people. It is all you using the Internet to collect money.
The challenge is you. You will face your self. You will learn to deal with greed, excitment, anger and many other feeleings and emotions. That is the downfall.

You will need a trading platform, or what is called a trading station.
I have started using the broker InterbankFX. They provide the MetaTrader4 platform.
The main reason we started using Interbank FX,
they allow Micro pip accounts. So you can trade at a penny per pip.
Instead of a dollar per pip. This so you can learn new things without breaking the bank.
I recommend starting with the free Demo Account.
You can use a Demo account until you think you are ready to trade real money.
Then you can start with three hundred dollars and build it from there.

Here is an indicator for the MetaTrader4 platform called the Fractal Breakout Indicator.
The indicator will tell you when the setup is right to enter a trade.
It does NOT do it for you. You have to judge the trade and make up your mind to take it or not.
This indicator tells you when it is good to get in. And how far to expect it to go.

The rest of this page is designed to give links to valuable information.
This information will help you to get started with trading currencies in the FOREX Market.

Read this information first: FX1.pdf

Then read this information second: FX2.pdf

Then visit the School tab here at: BabyPips.com
The School of Pipsology will give you a lot of training in trading the Forex market.

Learn this method of trading, using the 21 SMA instead of the 50 SMA.

Other stuff
Click Here to download a folder with lots of documents and notes for trading.
These are documents we have saved along our journey of knowledge.

Here is another tool called a Pivot Point Calculator.

Then to see what can be accomplished.
Look at this Excel Spreadsheet.
Then revisit your dreams.

After all of that you will have questions.
Click here to send me an email with your question.