Compare FX Resources Providers – Best Forex Resources 2023

Where to Find the Best Forex Resources To Boost Your Trading

Forex or foreign currency trading is the largest, most liquid financial market globally, reaching over $5 trillion worth in daily transactions. This is bigger than the combined daily volume of the world’s stock, bond, future, and options market.

It is also the most widely covered and discussed financial instrument. If you seriously consider including currency trading as part of your investment portfolio, it is best to learn more about it. Surely, you won’t be at a loss here because the Internet is overflowing with Forex resources, many of which you may not even be aware exists!

All you need to do is ‘Google’ a topic, and voila, the doors to your learning journey unfold. However, doing a simple Google search might lead you to a round-a-bout path where you might miss important topics and sites vital to your FX knowledge growth.

All you need to do is ‘Google’ a topic and voila the doors to your learning journey unfold. However, doing a simple Google search might lead you to a round-a-bout path where you might miss important topics and sites vital to your FX knowledge growth.

To help you find the information you need, here are some suggested sources you may want to search.

► Forex Brokers Websites

All online FX brokers provide free basic education programs in their websites. Some trading programs even incorporate rich video based courses and live instructions where you get to learn how to read charts, how to time the markets, how to identify trends and how to identify important political and economic events.

Most of these brokers offer free demo accounts where a newbie is able to acquire hands-on experience trading currencies in real-time using the brokers’ downloadable trading platforms.

► Blogs

There are a lot of currency bloggers out there, most of whom are active traders themselves. Their blogs contain market news, analysis and insights, as well as helpful trading tips. They also provide good links to other useful Forex resources.

► Forums

This is where you get to meet and chat with experienced currency traders. Here, you can exchange ideas, discuss trading strategies, and seek trading advice from the more seasoned traders.

► Financial News And Chart Providers

There are a host of free financial news providers on the Internet who can even provide you with the latest Forex news in real-time. Most of them provide you live news feed containing vital economic data as they are released. You may also find good trading advice and vital market analysis from these sites.

► Market Regulators And Exchanges

Web result with site links FCA (Financial Conduct Authority), FSCS, (Financial Services Compensation Fund), CFTC (Commodity Futures Trading Commission), SEC (Securities and Exchange Commission) is also a treasure trove of important information pertaining to regulations covering the forex market. You’d find a wealth of information here about errant brokers with derogatory records.

► Podcasts And Tweets

You’d find a number of FX podcast sites on the web. They provide you with a continuing round-up of the currencies, market wrap-ups as well as insights into future currency price moves. There are also traders who regularly market news and developments. You’d find them useful since they tweet in real-time!

► Business News Networks

Cable news networks are also a rich source of news and other information and insight that may affect markets and your investments.

Currency trading is the most transparent financial market. Relevant information and other vital resources are readily available from almost anywhere.

Where To Get Forex Resources

The world of foreign exchange or forex can be so complicated, especially for those beginners who are eager to delve into this kind of market. The foreign exchange market is actually all about exchanging one nation’s currency for that of another in order to gain profit.

This kind of financial market operates through a global network of banks, corporations and individuals trading one currency for another. This market, too, has no physical location, and it operates on a 24-hour basis.

It may sound so simple at first, but to be able to survive in this highly competitive and wits-driving market, one must be equipped and very much knowledgeable about it; but good thing there are quite a number of forex resources available to meet this information demand.

A good education is a good foundation as well. Learning everything about currency trading is quite easy to do, like the amount of information available seems to be endless. There are many sites that offer free resources and tutorials.

On the other hand, there is also available tutorial software online, but some of these are sometimes for sale. However, learning online tutorials which are free is much more advisable to use than opting to buy this tutorial software.

Tutorial software, which promises to provide everything under the forex’s sun, is most likely an online scam. For safety purposes, it is advisable for one to just rely on his or her online searching skills to find free and reliable information on the Internet.

Forex resources really teach a newbie about important facts to learn about the subject, but it’s not all that. They also give one the latest developments in the currency world, such as the current trend and software that is used.

For instance, Forex Robots are important in the FX industry.

These robots are actually software that assists a trader in making trading decisions. Plus, this software can even do trading transactions on its own. There really is a lot to learn about trading currency.

That’s why reading and studying is very important. Aside from the Internet, forex resources can also be gathered from local and national newspapers, market reports, charts, and graphs. Being picky about what kinds of information a beginner should use is important, as these resources would somehow be the basis that would build up the primary knowledge of a newbie trader.