Categories: BUSINESSMoney Monday

Best sites to learn Forex trading: Check out No. 5

Investing in oneself pays the highest return in the long run. Good thing is that with the continued penetration of internet connectivity you can easily acquire any skill you ever dreamt of.  Forex trading is one such skill that can easily be acquired. All you need is internet connection, a gadget that can connect to internet and most importantly passion.

In today’s piece I will highlight some of the best Forex trading websites in my opinion. Some of the factors I use to qualify these sites include the ease of access and the quality of the content such as basic education, economic calendar that highlight the economic events, technical analysis , fundamental analysis, charting tools etc. The list goes as below.

Babypips.com

I had no intentions of ranking these sites but for some reasons I would rank Babypips.com as the number one site.  Babypips will teach you all you need to know about trading Forex in a very basic way. Actually you will realize that you don’t necessary have to have financial background to trade in the Forex market. A financial background will only be an added advantage to help you move fast. Its school of Pipsology takes a light-hearted approach to a complex subject making it the best site for newbies. The site also posts regular news items and feature articles in areas of technical analysis, trading ideas and trading psychology making it one of the most comprehensive Forex website. This one I highly recommend especially for beginners.

https://www.babypips.com/

DailyFx.com

 

DailyFx.com is powered by IG which is a registered broker in the United Kingdom. As you would expect from a broker’s site, there is detailed news coverage, live market data, charts with a detailed view and a lot of technical analysis to help make your Forex experience easier. This site provides the IG sentiment tool that together with the other indicators will make your analysis simplified.

From their education segment, there is a lot of free education that is fundamental to sharpening your trading skills. The segment is designed in a way that is helpful to all levels of traders from novice to advanced experienced traders who want to refresh their knowledge. Daily Fx also host live webinars that will go a long way in supplementing the knowledge acquired in an interactive way. It is a great recommendation especially to intermediate traders.

https://www.dailyfx.com/

Bloomberg

 

Bloomberg is best known for its wide and detailed coverage of the business news and analysis. It covers almost everything that you need to know about events in finance, business and trading.

Stories are published as they happen around the world making it the best site for Forex news, market trend analysis and currency data. Users are allowed a few free articles every month but a subscription to either its digital or all –access subscription will give you access to their comprehensive coverage.

https://www.bloomberg.com/africa

ForexFactory.com

Forex Factory is an awesome site especially for professional traders. It provides a detailed economic calendar, a brokers tab that can help you compare spreads among different brokers, news coverage and a traders tab that allows you to see live trades placed by other traders.

https://www.forexfactory.com/

Youtube.com

 

I would not feel adequate without tapping into the potential of YouTube. The potential is explosive. Literally these days you can learn anything from YouTube and Forex trading is no exception. There are so many videos explaining from the basic level to an advanced level. Just by searching Forex in the search box you can get immense information.

https://www.youtube.com/ 

 

Now you know where you can get all the help you need. Get a plan and do the unthinkable. Good luck!

 

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Mike Davix

Mike is a Commerce graduate, Specializing in Finance, Currently A stock trader at Investax Capital(Appointed SBG Agent). Full-time Forex trader and a passionate financial advisor and enjoys observing analyzing and penning thoughts around, markets, economy, personal finance and money at large

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