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Knowing where to get started with Forex trading isn’t an easy business. Who do you listen to, and how do you choose between all the self-proclaimed sages out there?
According to a study done by ForexToStocks, there are more than three hundreds forex trading blogs out on the internet. Trying to figure out which ones provide the clear, helpful advice for starters will always be a challenge since each individuals are different.
Over here, we’ve put together a list of the top Forex trading blogs for beginners to follow.
Read on to discover the top Forex trading blogs out there and to make your journey to becoming a successful FX trader, simpler and safer.
#1. Trading Strategy Guides
Tradingstrategyguides.com launched with one mission in mind: stop beginner traders from falling into ruin through bad decisions. Its goals orient towards allowing individuals to create better lives for themselves through financial stability.
It acknowledges the risks that come through trading, and its goal is to warn beginners of that risk. Ultimately, it allows for decision-making that ensures readers can benefit from Forex trading in a controlled and trusting way.
The focus on traders’ personal lives makes it one of the top Forex trading blogs for beginners in our book.
#2. Tradeciety
Tradeciety.com focuses on one key element that separates successful traders from bad ones: discipline. It offers a self-described ‘boot camp’ for beginner traders. With its advice, the site helps instill values and understanding that traders need to make their journey a success.
Tradeciety is one of our top Forex blogs for beginners because it doesn’t promise money for nothing. It teaches beginner traders that this job requires work, diligence, and graft like any other.
On the other hand, it underlines the rewards available to successful Forex traders, and we’re all about that.
#3. Trading with Rayner
Tradingwithrayner.com aims to cut the nonsense from Forex trading advice, which is always a good start. It provides a high volume of free advice for beginner traders. Also, it acknowledges that readers may not have a considerable amount of starting capital to begin.
This prioritizing of accessibility is a good start. Many of us getting into Forex trading are looking for a better way to support ourselves, but that doesn’t mean we have the startup funds.
Rayner attempts to show beginner traders that it’s worth learning every cost-cutting measure by heart before making investments. Any successful enterprise is about reducing loss as much as maximizing gains, which is why Rayner is one of our top Forex trading blogs.
#4. Forex Signals
Forexsignals.com notes that its title is somewhat paradoxical. It acknowledges that simple Forex signals are not enough to make your fortune. So why the name?
The website features experts who understand the forces that lie behind those signals. The point being, they aim to decode those signals for beginner Forex traders.
It boasts the most popular Forex channel on YouTube and offers a rigorous course to help beginner traders. They allow users not only to get into the game but to become profitable and stay profitable.
Its attention to detail makes it well worth reading for beginners and experienced traders alike.
5. BabyPips
Babypips.com appears to offer a more approachable, laid-back approach to beginner Forex trading. Its contributors range from Forex Gump to Dr. Pipslow.
The enjoyment of whimsy, though, doesn’t detract from its detailed, in-depth training resources for beginner traders.
The world of trading can, at times, seem a little gray. It’s great to have a resource that brings all the essential know-how together with an approach that doesn’t make your attention wander.
BabyPips is an imaginative blog that meets the criteria for our top Forex trading blogs for beginners.
6. My Trading Skills
Mytradingskills.com is an educational blog that is worth a read for anyone interested in Forex. It clearly explains the benefits and risks of foreign exchange trading as opposed to other forms. It presents many of the things that entice beginners and exposes the myths that lead the poorly prepared to a sorry end.
My Trading Skills is a great blog and essential reading for any beginner trader. Its clarity and clear explanation of difficult concepts make it one of our top Forex trading blogs.
7. Warrior Trading
Warriortrading.com is a blog by trading expert Ross Cameron. It specializes in day trading, which is an essential concept for those looking to start Forex.
Day trading brings home that this is a job that requires high levels of moment-to-moment attention and decision-making.
Warrior Trading also emphasizes that this is not an enterprise where you make a million in a day. Trading is about making steady gains over a long period by close attention and smart choices.
Ross points out that while those looking for a quick buck are likely to fall early. Day traders with discipline will find it a more rewarding and profitable long-term job than most others.
8. Forex School Online
At forexschoolonline.com, users learn the concepts behind the jargon. It amounts to everything a beginner trader needs to know to avoid getting their head turned.
If phrases like ‘bearish candlestick patterns’ seem like nonsense to you, this is a place you need to visit.
While jargon can be off-putting for some, it exists to put a simple name to the complex mechanics behind working with currencies. You have to understand these mechanics if you want to find success as a trader.
So, get your notepad out and start writing! Forex School Online has an excellent course for beginner traders that make it one of our top Forex trading blogs.
#9. Forex Training Group
Forextraininggroup.com runs a blog that breaks down complex concepts into terms that beginners can easily understand. It aims to ready beginner traders for a world where ideas will get thrown at them without explanation.
As with so many of our top Forex trading blogs, the point is that you have to do your homework before you start!
Forex Training Group provides well-written and thoughtful content that is essential to beginner traders. It’s an excellent place for anyone to start.
#10. Daily Price Action
Dailypriceaction.com is successful trader Justin Bennett’s blog. He mentors beginner traders on their journeys and provides expert, internationally recognized advice on best practices with the Forex markets.
Justin specializes in simplicity. He teaches how to convert difficult concepts into profitable actions. He has mentored over 3,000 students.
His blog is one of our top Forex trading blogs, as it’s well worth a read for any beginner.
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Your blog is great. This blog is very useful to increase the knowledge of traders.