Top Ten Forex trading Forums a newbie trader must not ignore

 

The concept of online trading has been around for quite some time, but the market has grown exponentially with the development in communication technology. Hence forex trading forums emerges.The discussions of the forums are very useful for beginners who want to start forex trading.

Previously, there was hardly any way to contact people who lived in a different country or even a different continent. With the rise of the Internet, distance became a thing of the past. One could now get in touch with people all across the world with no little or no problems.

Online trading websites largely owe their success to this growth of a global community because the market has become much bigger.

The Top Tips You Need to Know To Make it Big

Being an expert Forex trader is not an easy job by any standard. There is no shame in asking for help, because sometimes even the best of traders get stuck. If you want to improve instead of hiding your problem, then you should join a forum where your voice will be recognized.

There are a large number of online Forex forums to choose from. The following are the some of the best options available:

  1. Forex Factory:

If you have been trading for a while now, you must have come across the Forex Factory website. The product of fourteen years of hard work, it is rich in features that you might take some time to get used to. It is one of  the best trading forums in the forex planet.

The main objective of the website is to give high-quality information to traders so they can strike the best deals. All the data provided is real-time because opportunities in the trading world can slip before one knows it. You will find economic data along with analysis on the website.

Forex Factory offers seven products:

  • Trade Explorer
  • Forums
  • Calendar
  • News
  • Market
  • Trades
  • Brokers
  1. DailyFX:

This Forex website will keep you up to date with everything that is going on in the world of Forex so that you make informed choices when it comes to making deals.

The reason you need to be a part of this forum is their attention to detail. Their news section is neatly divided into categories like Real-Time News, Market Alerts and Daily Briefings which makes browsing much easier. Moreover, their technical analysis section will give you daily reports on how the market is faring.

Learn about the different bank and currency exchange rates right on the home page itself.

  1. MT5 Forum:

Everyone agrees that although the Forex market is profitable, the stakes are pretty high. With the exchange rate changing every day, it might be difficult to ensure long-term profits. There are different instruments of trade at work to ensure that traders get the best possible experience.

This particular website is for all those who use the MetaTrader terminal series for trading. You will get Forex market forecasts and the independent opinions of experts for free once you join this forum. Discussion and mutual help can make you more successful at Forex than anything else.

You need not feel under any kind of pressure when conversing in this forum. Feel free to leave your queries and communicate with different brokers. This website is especially beneficial for beginners.

  1. Babypips Forum:

If you are looking for beginners forex trading forum, Babypips is the right place for you where all your views and opinions are appreciated.

Not only is this website very easy to navigate, but it also has separate sections for trading. You can even read up on the daily exchange rates in the Rates section.

The community is open to all Forex traders, irrespective of how skilled they are. In the following forum, everyone gets equal priority of their questions, and you will feel right at home. They have the following categories:

  • Beginner Questions
  • Trading Systems
  • Trading Discussion
  • Broker Discussion
  • Community
  • Bitcoin Talk and Cryptocurrencies
  • Trading Tech and Tools
  • Commercial Content
  • Global Markets
  • The Lobby
  1. MQL4 Forum:

When you first open this website, you might feel that it is not as sophisticated as the others mentioned on the list because of its basic appearance. However, passing it over would be a huge mistake especially if you use MetaQuotes Language 4 (MQL4) and MetaQuotes Language 5 (MQL5) in your Forex trading.

This website was created particularly to give traders a platform where they could communicate about and discuss Forex trading, trading systems development, technical indicators and strategies for these two platforms.

Not only will you get a comprehensive idea of the language but you will also find articles covering different aspects of Forex trading. The cooperative forum will give you the opportunity to get in touch with experts and authors and clear any doubt that you might have.

  1. EliteTraders:

Want to get better at Forex trading? This Forum will cater to your problems and queries. It covers all general topics including Trading, The forum is useful for newbie as well as pro traders.

Wall St. News, Economics and Classifieds. You will also have access to different journals that will be a helpful read if you want to up your game. You can have discussions about the future of the market, index, commodities and Forex. If you want to know more about technical stuff like Order Execution, Technical Analysis, Strategy Development and Programming, then you will have plenty of information at your disposal. Moreover, the forum is friendly, and you will feel well-advised.

  1. EarnForex:

Want to join a Forex forum where you will feel at home? At EarnForex, all traders are welcome to post their opinions for the world to see. There is a wide variety of categories to choose from, and you will definitely find one that suits your query.

You will find an Announcements page where you can read up on the latest news. All traders are free to give their suggestions and ideas for the improvement the forum. To know how good the website it, visit the Testimonials section. Hold discussions about Forex in general or technicalities like Fundamental Analysis.

The website was designed to serve a global audience, and hence comes with options for other languages.

  1. Trade2Win Forums:

The main purpose of every trader is to win and establish his or her superiority. Unless you are earning profits, what is the point of putting all your money at stake? However, you need to put in a lot of effort if you want to become an expert.

Trade2Win wants to be with you throughout your journey to make it easier. Its objective is to support and unite traders from different parts of the globe on one single platform.  You will find it easy to communicate with other traders and share your experiences. Spread your wisdom and do not be scared about voicing your opinions.

  1. Forex Abode Forum:

When ForexAbode.com went online in 2009, it wanted to become a leading Forex portal and provide professional help to Forex traders. They aim to give you authentic information and data so that you can attain success in your trade.

It is the home to everything Forex trading. You will have access to educational content that will help you improve and recent market analysis. Make use of the best available trading tools. The networking platform will give you the opportunity to be a part of the forum and post all your questions and queries. You can communicate directly with the website and receive suggestions and advice about your trading techniques.

  1. Forex Peace Army Forum:

The community forums available on this Forex website are filled with experts and traders who want to help you out in any way they can. You can join the forums which appeal to you the most and have all your questions answered. Choose from Forex Trading Software Arsenal, General Forex Talk, Market Predictions, and Reports, Personal Trade Journals and Beginners Bootcamp; and there are just a few of the options.

Moreover, the blog also has honest reviews which will you help you take your Forex decisions wisely. They cover different projects, tools, and software so that you are never fooled by a scam.

Join two or more these top  Forex forums for a more complete and profitable trading experience.