BabyPips teaches you the rules.We help you play the game.
BabyPips is one of the best free places to learn how forex works — we recommend it. But reading about trading and making trading decisions are different skills.
No signup to try · Use it alongside BabyPips, not instead of it
What is the difference between MyTrade Academy and BabyPips?
BabyPips is a free, text-based online course that teaches how the forex market works from the ground up. MyTrade Academy is a practice platform: instead of reading lessons, you make trading decisions in realistic situations and get feedback on your reasoning, with skills that apply across markets. BabyPips suits people who want to learn concepts by reading; MyTrade Academy suits people who know the concepts but struggle to apply them. The two work well together.
Finishing the course is not the same as being ready.
- What you might expect
Once I've read every chapter, I'll know how to trade.
What many readers findYou'll know what support, leverage and pips mean. Then a chart moves and you still can't tell whether this is the setup or the trap. Recognizing it in the moment is a separate skill.
- What you might expect
The quizzes show I've understood it.
What many readers findChapter quizzes check that you remember the idea. They can't check whether you'd act on it correctly when a real situation looks messy and you're under pressure.
A driver's handbook and a driving lesson.
BabyPips is the handbook: thorough, well-written, and free. MyTrade Academy is the lesson with an instructor in the passenger seat. You need the rules; you also need someone to stop you at the junction and ask what you're about to do.
BabyPips explains
Long-form lessons walk you through forex from the ground up, with humor and patience. It's ideal if you like to read and want the complete picture at no cost.
MyTrade Academy makes you decide
Each lesson puts you in a situation and asks for your call and your reason, then tells you what you missed. The goal is not to know more, but to act better on what you know.
Together, they cover the whole path
Read a topic on BabyPips, then practice the decision here. Knowledge from one, judgment from the other.
Break it down.
| BabyPips | MyTrade Academy | |
|---|---|---|
| Best for | Understanding how forex works | Practicing what to do in real situations |
| How you learn | Reading long-form lessons | Making decisions and getting feedback on them |
| What gets checked | Whether you remember the concept | Whether your decision and your reasoning hold up |
| Markets covered | Mainly forex | Trading skills that apply across markets |
| After a mistake | You re-read the chapter | It comes back in a new situation until you get it right |
| Session length | As long as you like to read | A few minutes per lesson, built for daily practice |
| Cost | Free | Free to start, with an optional membership |
Depends on where you're stuck.
Choose MyTrade Academy if
- You've read the material and still freeze in front of a chart.
- You want to know why a decision was right or wrong, not just the right answer.
- You'd rather practice a few minutes a day than read long chapters.
Choose BabyPips if
- You're starting from zero and want a complete written guide to forex.Its free course is thorough and genuinely well done.
- You enjoy learning by reading and want to go deep on one market.You can always come back here to practice what you've read.
Questions about choosing
Is MyTrade Academy a BabyPips alternative?
It's better described as the next step. BabyPips teaches the concepts in depth; MyTrade Academy trains you to apply them in decisions. They work well together.
I've finished BabyPips. Is this worth it?
That's exactly when it helps most. You already know the vocabulary, so you can focus on the hard part: recognizing situations and deciding what to do in them.
Is MyTrade Academy only for forex?
No. The skills — reading a situation, sizing risk, following a plan, knowing when to stay out — apply to stocks, crypto, forex and other markets.
Do either of them give trading signals?
No. Both are education. We don't tell you what to buy or sell.
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