You can also connect with other traders who have long been professionals in forex trading. You can intermingle with traders who are trading with the currencies that you want to trade, too. It will be similar to a guild-style mentorship. You will be an apprentice to the masters of the trade.

Given these, it is better to be part of at least one forum than none. Imagine the benefits you can reap just from joining. Mind you, joining forums is usually free of charge. Many forex trading forums have educational divisions. Not only do they offer strategies, they also offer web seminars, workshops, e-books, and online modules that can help you with your understanding of trading. As a result, forums are not exclusively for conversations or chats about trading.

They are also apparatuses of education themselves. There are many trading forums out there, but here are seven that are highly recommended for beginners, arranged in no particular order:. The ForexFactory. com — This site has been around for over fourteen years. With 2, traders and counting, ForexFactory. com is where you can find forex threads, news, live accounts, trade feed, scanners, and forecasts all in one page. It is a prominent trading forum that has both an unswerving reputation and a massive base of traders and members.

It also has a dedicated button for the market scanner, viewable by the last 4 hours up to the latest minute you can even adjust your time zone settings. In short, you can find all you need in one website. Babypips Forums — Babypips has an interactive site where discussions between and among traders and brokers happens.

Through its School of Pipsology, it offers online courses for trading in the currency markets at no cost. Should you want to test your knowledge and approach, you can also take their trading quizzes on market-related topics. For immediate needs, you can consult their forex glossary, Forexpedia, and use it to enhance your vocabulary in trading, too! There are news from different providers that are available as well.

Founded in , it now has over 40, members. You can choose from a lot of rooms, with each having at least one professional trader you can join their mentorship program. Just in case you want to expand your knowledge to other kinds of trading, it also has information on bitcoin trading. Forex Tips — ForexTips have many available various discussion forums that discuss various topics.

They also have webinars which you can attend online. It similarly has a selection of forex tools: an economic calendar, forex IQ, and trade calculator. It also has a forex glossary. Further, it has a Forex Academy which is divided into levels: Forex for beginners, advanced training, and expert training. If you need broker and trading software reviews, they likewise have accessible ones.

Earn Forex — Earn Forex has been helping traders since In their website, you can access service forums, forex discussions, trading platforms, advertisements, and even off-topic discussions. It also has links to different trading brokers, should you need them. They also host articles of many famous traders like Dr. The website shows you how many threads and posts have been made for each forum topic. Forex Peace Army — Forex Peace Army is by the same token complete with tools, educational materials, broker reviews, and a standalone button dedicated entirely to strategies.

The list of foreign trading forums is not exclusive. Note that it may be helpful if you join two forums so that you can compare and contrast strategies and lessons. This works to your benefit and maximizes your opportunities of learning. Suppose you do not join any forum, what will happen? Of course, you cannot expect to succeed at trading as would other beginners who joined forums and learned.

Aside from forums found in company websites, you can also learn about forex trading on Facebook. This is particularly helpful if you are the type who is not a fan of browsing through different websites all at once. There are Facebook groups, in many languages, devoted to foreign exchange trading. Some are even dedicated to trading of specific currencies. With the user-friendliness of Facebook, you can start learning stress-free. You can also do this on Twitter by looking for the correct hashtags.

With the changes in technology, social media has become a powerful platform for the production and passage of knowledge. Learning is a part of strategizing.

You cannot plan out a working strategy if you are not equipped with the underlying principles and ideas upon which forex trading is based. Once you have learned the nuts and bolts and ins and outs of trading, you can then start sharpening your skills in analysis.

Thereafter, you can finally execute your strategy. Nonetheless, this is not to say that by joining forums, you will never lose in your forex trading ventures. That would be a wrong approach. What the forex trading forums offer are not fool-proof, one-way tickets to winning at forex trading. They offer windows and perspectives into understanding why one wins and another loses. They show plans that have worked before and may possibly work again.

They give you opportunities to have actual question and answer sessions with traders who are proficient. With that said, what you should look for are common trading patterns that you can use in crafting your unique strategies. It is up to you how you modify them as you seem fit. Whatever forex trading forum you choose to be part of, what is important is you be part of at least one.

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As the forex market is very dynamic and unpredictable, forex traders must keep track of the latest forex market news and updates. One way to do this is by using conventional financial news sites; however, there are more interactive platforms to find news, updates, and forecasts in the forex markets.

This is where forex forums and discussion boards can become handy tools for forex traders. These enable forex traders to get the latest updates, news, events, and market sentiment — all in real-time and from other traders and analysts who participate in the foreign exchange market and share the same goal. Forex forums are online communities and boards where users can discuss the latest news and trends in the forex market.

Additionally, users also share their opinions about the next price movements of currency pairs and discuss trade ideas. Forums can also be an excellent place for beginner traders who need advice or guidance on starting their forex trading career. Or, it can be valuable for those who use the same trading platform and need tips on how to use it, add indicators, backtest a trading strategy , etc.

Get free access to our live streams and our market analysts will show you exactly how to trade the markets. All these are part of the reasons why joining a forex forum can help you. Trading is partly about gathering information, and forums are a great way to do that.

Remember that when you are trading currency pairs, you are usually on your own unless you decide to join our prop trading program. You often want to know what other traders think about a specific currency pair or the general situation in the market. Not only that, but you also want to share your trades and know what other traders think about the direction you decide to take.

Here, in the list below, we chose the top six forex forums and trading discussion boards for forex traders. With a monthly average traffic of around million users, it is no surprise that Investing. com has developed a very effective and active discussion forum and boards on its site. The good thing about Investing. com is that the discussions on the site or mobile application are a bit different. Basically, you can navigate to various instruments and find the comments tab.

You can find anything, literally anything, you want on Reddit. From Yoga to sports to some of the most bizarre Reddit groups out there. So, of course, you can also find lots of trading and forex market forums. Finding the right thread is sometimes difficult, and asking questions could be intimidating. At the same time, Reddit is not just a forum. As evident from the GameStop story in , Reddit could be a movement.

You practically join a group of people who sometimes have a collective goal. Now, Reddit could be a bit to use for some people, but you can certainly get many trading ideas and opinions about the forex market.

With this in mind, you need to find forex trading groups on Reddit. Some of the best subreddit groups about forex trading include:.

Forex Factory is one of the oldest and most popular forums for forex traders. The site, which was founded in , offers a vast variety of threads all over the forum. You can basically discuss any category or topic related to forex with more than , members.

With such a huge user base, the ForexFactory is perhaps the most popular forex forum out there. So naturally, you can find trading discussion forums about specific currencies, technical indicators, chart patterns , forex trading strategies, broker discussions, trading platforms, trading psychology, etc.

In sum, if you are looking for the most comprehensive forex forum, the ForexFactory is likely the best of all. Best for beginners and traders looking for news and updates about a specific currency pair. So, this forum, which is completely dedicated to answering all the questions about the MetaTrader trading platform, is also the favorite forum for MetaTrader users.

The MQL5 forum covers lots of information about the MetaTrader trading platform. If you are a beginner, you can find answers on the MQL5 forum on downloading and installing the platform, using the MT WebTrader platform, setting up technical indicators, and working with multiple charts. Furthermore, traders can find many discussions about automated trading systems and Expert Advisors. TradingView is one of the most popular and widely used free charting platforms online.

This massive site has nearly visitors in a month, and some traders even prefer to use the TradingView charting software over those available on trading platforms. And, as you can expect, it has an excellent trading forum for forex traders.

Technically, the TradingView community section is categorized into live streams, trade ideas, educational ideas, and scripts. For example, traders looking for Forex news and forecasts can navigate to the community-trade ideas-forex. In there, community members regularly post news, technical analysis forecasts, forex chart pattern tips, forex trading methods, etc.

Yes, we know, Twitter is not really a forum. But it could be, right? I mean, technically, Twitter is a private forum, so why not use it as a platform to get information about the forex market? And, by all opinions, Twitter is one of the best places to get information about financial markets. Best of all, when using Twitter to find information about the forex market, you can use top trading hashtags to search specific terms and keywords.

Furthermore, you can also follow day traders and analysts that influence the market or share valuable information. To sum up, a forex trading forum can be an excellent tool for traders to get news, updates, trade ideas, and guidance on using different platforms and features. Of course, you should not rely solely on the information posted on forums; however, it is an extra tool you should use to expand your knowledge and know you have the correct information.

Still, we recommend choosing a forex forum based on your trading needs rather than the other way around. And, if you are looking to join a live trading community, we suggest you join our trading room , where you can access live daily market streams with our trading analysts and become part of a trading community.

Frankly, many traders do not use trading forums and even dislike them as they may create a bias in their trading decisions. But, this way or the other, at some point you might have to get some help or hear another opinion from other traders. When you join a forex forum, you can connect with other traders who are on the same level as you are and going through the same challenges and difficulties. Additionally, you can learn from experienced traders who share their opinions and trading ideas.

Clearly, many forex traders are looking for a mobile app enabling them to interact with other traders. Our research shows that the best mobile apps you can discuss with other beginners and experienced traders are Investing. com, Reddit, TradingView, and Twitter. There are many forex forums that can help beginners find educational material for free; however, it appears that the best forex forum online to learn about forex trading is ForexFactory.

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Many forex brokers also hold you liable for losses that exceed your trading capital. So you may stand to lose more money than is in your account. com does not guarantee the profitability of trades executed on its systems. We have no knowledge on the level of money you are trading with or the level of risk you are taking with each trade. You must make your own financial decisions, we take no responsibility for money made or lost as a result of using our servers or advice on forex related products on this website.

Expand Offer. So, to help you get started, we have compiled the top six forex forums among forex traders. Table of Contents. Join Free Now. Main benefits of joining a forex trading forum. Pros Discussions are usually dominated by experienced traders You can find discussions about every currency pair available in the market Excellent mobile app For some assets, the trading discussions are very active Easy to use.

Traders can actively contribute on the topic of Stocks, Futures, Options, and Currencies. You can find anything, literally anything, you want on Reddit. miheha View Profile View Forum Posts. That saves you a lot of money as compared to when you start trading without any background information. Active Moderation — Moderators actively answers questions raised. This makes it easier for users to backtrack on all thread interactions. Finding the right thread is sometimes difficult, and asking questions could be intimidating.

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