Many new investors step into the forex market with zero. They want to know where to learn reputable Where to learn forex trading. Currently, besides paid forex courses, you can learn about forex for free with reputable websites. Below, Learn Forex Trading will show you the top 10 best websites specializing in providing forex knowledge. Besides, we guide you on effective online forex learning methods.
Why should investors learn to trade forex systematically?
To be successful in any field, you need to learn. Here are the reasons you need to seriously learn forex trading:
- New requires learning: When you first join the foreign exchange market, you will feel like everything is new. Many terms, indicators, how to place orders,… Not to mention, this field requires continuous training and practice. Besides learning where to trade forex, you need to be disciplined and study hard.
- Limit risks, and optimize income: If you have participated in the market for a long time, you will know the importance of identifying, analyzing, and making the right decisions. Investors will get this if they take the time to learn and exchange experiences with good traders.
- Learning forex with a roadmap will help you accurately predict market trends, read important indicators, plan reasonable transactions,…
See more: Method to Speed Become Professional Trader
where to learn forex trading? Top 5 most reputable websites
Many people search for places to learn forex and forex courses, but all of them cost money. Below are the 5 most reputable websites if you want to improve your forex knowledge for free.
Investing – The best online forex self-study blog
Investing.com is considered a famous financial investment portal in the world. Besides the Investing.com website, this brand also provides mobile applications for iOS and Android versions. Supports up to 21 languages, providing full news, events, and analysis. Besides, there are chart systems, technical data, and tools in the international financial market.
Learn basic to advanced forex with Investopedia
Investopedia is like a dictionary that provides all the terms and knowledge about finance and investment. From there, you can look up and be confident before trading sessions. In case of emergency, you can find anything related to forex at Investopedia.com.
Financial people in general and forex traders in particular are very familiar with this website. You can see that Investopedia is similar to Wikipedia, the Forex encyclopedia. If you want to become a good trader, visit this useful website.
where to learn forex trading? BABYPIPS for newbies
The name says it all, Babypips is considered the top website for new traders. At the Babypips website, all forex knowledge becomes easier to understand than ever. Provides everything about trader psychology, automated trading, or trading guidance for newbies.
This website provides a rich number of lessons and a variety of content. Suitable for all levels, from beginner to advanced. Therefore, if you are a person with good English skills, you can learn directly here. Or you can also visit learn-forex-trading.net, the knowledge from Babypips is also summarized by Self-Teach Forex in an easy-to-understand way in English language.
Learn forex online for free with DailyFx
DailyFX is a free news website, owned by FXCM. This can be considered a great resource, updating all the most timely news on the market. Along with that are basic analysis and technical analysis. The website provides an economic calendar with newly released news. Besides, Daily FX also has a forum corner, dedicated to discussions between traders.
Learn Forex Trading – The most basic and easy-to-understand forex learning blog
The Learn Forex Trading website updates all Forex knowledge for free. In the form of articles compiled and edited from reputable sources such as Investing, Investopedia, Babypips,… Easy-to-understand English language, helping traders self-study forex from basic to most advanced. This is the best forex website that US traders should not miss.
where to learn forex trading? Top 5 best forums
Besides the reputable websites above, below are the 5 best forums for those who want to learn about forex trading.
Learn Forex online with the Forex Factory forum
The name of this forum is impressive, like a forex factory or business. Specializing in providing traders with the hottest news. Includes sections discussing forex knowledge and trading methods. Thereby, traders can give their personal opinions, share, and learn from each other.
In particular, the importance of news on Forex Factory is emphasized by color. In addition, it also provides tools to track financial indexes, currencies, forex,… Sections on the economic calendar, analysis, and forums,… are very clear.
Learn forex trading with Traderviet
TraderViet is an extremely familiar forum to most traders in US. The name also represents the main mission of the community, to exchange forex experience among US traders. In addition, the forum also provides investors with real-time news.
where to learn forex trading? Succeed with Trade2win
Besides TraderViet, Trade2Win is also a large, famous forum in US. This place brings together many traders and experts in many different investment fields. However, most are still forex traders.
In addition, Trade2Win also has many sub-forums, classified into many clear topics. Each forum has experts who write analytical articles with extremely high-quality content, far superior to other forum sites.
MQL4 – Discussion on learning basic forex with MT4
MQL4 is a specialized forum for traders using the MT4 platform to discuss MQL4 programming for automatic transactions. Besides, this forum also provides traders with effective forex signals. Therefore, many traders who are new to the forex exchange and have many problems with the MT4 platform should visit this forum to learn.
Learn forex trading with the Traders Laboratory forum
Normally, the job of forex trading is quite lonely. So, join Traders Laboratory, a forum that brings together traders from almost every country around the world. The main topic discussed at this forum is about the financial market, including forex.
Here, you can share your trading experiences, help other traders as well as receive comments from many other traders. Whether you’re looking for technical analysis or trading advice, the Traders Laboratory community has relevant topics and opinions to help you get out of trouble.
See more: Opening and verifying an ICMarkets account
where to learn forex trading? Introducing other online forex learning channels
Besides famous websites and forums, you can also self-study forex online through other channels such as:
- Ebook: Classic books compiled by trading experts. For example Forex 101, Naked Forex, Currency Trading for Dummies,…
- YouTube channel: YouTube channels of domestic and foreign trading experts.
- Forex courses: There are many free and paid forex courses available to you.
- Demo account: This is a free account type that Brokers provide to traders. You can practice trading on a Demo account. While applying the knowledge learned, you also practice mastering the software, and get familiar with indicators, drawing tools, and charts,…
- Transaction log: You can access your transaction history. From there, check the effectiveness of the strategies used, analyze to choose the best and most effective tactics as well as eliminate wrong strategies.
Conclude
Thus, Learn Forex Trading has helped you answer the question “Where to learn forex trading ?” in the most detailed way. Hopefully through this, you can fully equip the foundation to be confident in the forex market full of potential but not without risks.
FAQ
Where should US investors learn forex trading?
There are many documents and websites about forex on the internet. In particular, US traders can access websites or forums specializing in using the English language such as Learn Forex Trading,… In addition, you can also participate in paid courses to gain practical experience. Fight with experts.
Is forex trading a gambling game?
Are not. When you do anything without studying properly or without a specific strategic plan, it is considered a game of chance. Forex trading is the same, as long as you improve your knowledge, you are serious with your hard-earned money.
Is the Forex trading course a scam?
There are reputable courses and there are scam courses. Therefore, you need to carefully research the course as well as information about whether the course’s speakers are reputable or not.
