Category Archives: Forex

Best Forex Trading School: Learning How to Trade

Are you looking for a Forex trading school to enroll in?

Investment virgins are jumping for joy because there is a lot of Forex trading schools that operate online. These trade schools have made a Forex investment easier to learn. In the old days, one had to stock up on books to read about Forex trading. Eager Forex learners also made countless, and often fruitless, calls to brokers in the hope of finding someone who can coach and guide them through their transactions. But those days are long gone.

An investment beginner can now learn Forex trading in the comfort of their homes using only their computer. Here are five sites that offer investment tutorials to those who want to learn about Forex trading:

 forex trading school

1. Online Trading Academywww.tradingacademy.com

This site offers a free trial on their courses and even offers subscribers a free retake (should they decide they need to redo a class). Aside from Forex, they also have courses on Stocks, Futures and Options. The Online Trading Academy has an educational system that guides all students step-by-step into each lesson. Plus, they have a Graduate Program for advanced subscribers.

2. AVA FX –  www.avafx.com

The Ava group is actually an online Forex trading broker. But they are kind enough to include free resource material for Forex trading in their website. Ava has tutorials and guides for the beginners. Plus they have webinars, video tutorials, audio commentary and charts for the more advanced learner.

3. BabyPipswww.babypips.com

This site deserves kudos for integrating humor with Forex trading—two things we don’t normally associate together. But they do a splendid job of teaching Foreign Exchange in a non-threatening way. Aside from the tutorials, BabyPips has a blog that’s updated frequently where you can learn about market updates. They also have a forum where you can connect and network with other members.  What’s great is that everything here is free.

4. ForeXMentor  –  www.forexmentor.com

ForeXMentor started by selling DVD videos of their tutorial online. They have seen included these videos on their website for users to view (without the need for a physical copy). They have a formidable roster of successful Forex traders to help guide and mentor students. The content they offer is extensive. And they make it easy to follow because they categorize lessons by difficulty.

5. Forex Razor  –  www.forexrazor.com

Here’s another website that offers a myriad of lesson in Forex trading. But they also feature a Test Lab where you can apply what you learned in a secure way (you don’t lose money on failed investments). And they have a forum where members can interact. For the advanced learners, the site’s featured tools like charts and calculators are a big help.

 forex trading school

Choose from any Forex trading school that we featured and you’re sure to find the lessons you need. Forex is a challenging investment field, but it can be learned. What’s even better is that some of these sites are nice enough to offer lessons free of charge. They do this because they want to encourage more people to get into Forex trading. Hit up on those websites now and start learning.

15 Best Forex Trading Sites

Engaging in Forex trading is risky. It is of much significance that before doing any trade online, you should know the site where you will be placing your investment in. This is to ensure that it grows and you can profit from it. If you are new in this industry, you are just in time that you landed on this page since we will put your search for the best Forex trading sites to rest.

 best forex trading site

Take a look at these sites and carefully weigh things first before finally deciding to entrust your money to them.

1. Forex Factory

Forex Factory is the largest forum for Forex traders. They have a great calendar and a fantastic news section accessible for everyone’s update.

2. FX Street

FX Street is one multilingual giant Forex trading site that makes the site a worldwide meeting place of traders across the globe. The site also features daily outlooks, weekly forecasts and big event previews.

3. Forex Live

Forex Live is a great resource based on a platform like that of blogging and its publishing contents are more like of a Twitter feed that are available all of the time. They do interbank moves affecting Forex, news updates and a lot more.

4. Alphaville

Alphaville is a blog about Financial Times that provides great to macro analysis helpful in making you understand the news behind the presented news. This will truly widen your horizon about the industry.

5. Trading NRG

Trading NRG is a very good site if you are in need to keep up with oil, gas, gold and silver for everything is just interconnected.

6. Forex TV

As a part of the industry grows, it means that it also has a video and this is where Forex TV leads the best. Traders can collaborate with some of their staff and a weekly commentary will be provided.

7. NetDania

NetDania is one of the sites that use the best Forex trading strategies by providing you with the tools that you need. What are these tools? They are the superb tools for charting and graphing. Aside from that, they are also tuning the software that you use all the time.

8. Currensee

If you think that Forex trading is of no use or relevance in social media sites, you got it wrong because the presence of Curresee on these sites proves that. It is in fact the first Forex to be in social networks and has made huge steps forward in the year 2010. They have been having happy customers and they definitely know what they are doing.

 best forex trading site

9. FX Tech Strategy

The site’s technical analysis includes currencies, commodities using technical tools and precious metals.

10. Daily FX Blogs

Daily FX Blogs has the largest and the widest portals for Forex that features a busy blogs section that everybody can participate in.

11. Winners Edge Trading

Casey Stubbs is the person that has a great covering job for EUR/USD because his posts talking about trading psychology does provide very good insights.

12. The Forex Articles

In the Forex Articles, James Woody will guide you in this industry with the use of his Forex strategies, weekly updates on trading and his Forex trading ideas aside from inspiring you with his posts on the site.

13. Forex Magnates

Forex Magnates is a very good source of the inside news about the industry. It is a leader of information and a critical player for other industry leaders. The site has also a growing authority in the previous years and enhancing its reach closely with all key players of the industry.

14. Francesc Riverola

Francesc Riverola is a renowned blog from the President and CEO of FX Street providing traders with all the insider knowledge that they should know in order for them to get the lowdown on what’s ticking this industry at this time.

15. Forex Blog

In the Forex Blog, Adam Kritzer will give you his long term macro insights that will be helpful for you being in this industry and he brings Forex opinions from the world’s second largest economy which is China.

Joining and trading your money in Forex sites is a risky thing to do especially that these days, hard-earned money should be spent well and wisely. With the best Forex trading sites that we have on the list, you can be assured that they are legitimate. You will never have doubts about their capacity to handle your money because they have already built their reputation in the industry.

Different Forex Trading Scam To Avoid

Watch out because there are a lot of Forex trading scams out there. Don’t be a victim of these scams. Read this Forex trading guide and learn how to avoid these cons. Forex trading has become a very lucrative means to earn a living that many con men are turning to it to prey on unsuspecting traders.

Forex trading scams can take on many forms. A common theme in these scams is the promise of easy money. Scammers like to prey on gullible individuals by promising a get-rich-quick scheme to them. These promises always prove too good to be true. There’s no easy way or shortcut in Forex trading. It takes a lot of effort and time to become a good Forex trader. And you should be suspicious if anyone is promising you the opposite.

Here are the more common Forex scams that are out there:

Signal Sellers

Signal Sellers sell insider information to traders. They give advice, usually at very high fees, on which trades to execute. These sellers purport to have information on news and events that will affect the movement of the market. Don’t believe these guys—they’re hacks. Yes, they can sell you information, but you’ll soon find that the information they sold you are virtually useless. Don’t believe these signal sellers—the information they have is something you probably already know.

Fake Investment Fundsforex trading scam

If you’ve heard of HYIP or High Yield Investment Program then maybe you’ve been a victim of this scam. Scammers approach traders offering to take their money to invest in the High Yield fund. They sweet-talk the traders into thinking that they can double (or even triple) their money in mere weeks. Again, all these things sound very inviting but are too good to be true.

The HYIP is reminiscent of the Ponzi scheme. In this scheme, the scammers take their victim’s money without even investing it. They pool the money into a fund they use to supposedly pay their clients. But all they do is take the money and run.

Ultimate Forex Software

You probably encountered ads in websites promoting a software that can give you sure tips on which investments to make. Don’t believe in this software—these are nothing but scams. The Foreign Exchange Market is something that even the world’s fastest and most-advanced computers cannot predict.

If you’re looking for a Forex software, look one that provides you data to help you with your analysis. Never invest in a software that can suspiciously do the thinking for you. The cost of these fake software should also be a dead giveaway. These scam software goes as high as $5,000.

Don’t be a Victim

You should always be on your toes when trading Forex. These scams are quite common and you will surely encounter a lot of them. Think long and hard before making any decisions. There’s a saying that goes: “a fool and his money are soon parted.” Don’t be a fool; avoid these scams at all cost.