I had a friend who was interested in Forex market trade but his problem was that he had no background knowledge about Forex whatsoever and he didn't know how to navigate the market, so I recommended some sites for him to start his courses. I will be doing the same for you now. So, let's get started.
SITES THAT OFFER FREE FOREX TRADING EDUCATION
1) BLOOMBERG
Bloomberg is a great financial website. It provides round the clock information, analysis, trading news, and financial data. For social entertainment, it provides news of events/happenings and sports all around the world. The company behind the website also provides a trading terminal for the banks and other financial institutions.
It is an all in one-stop-shop. For quick access and reference, the site is further sub-divided into different tabs ( Commodities, Stocks, Rates & Bonds, Currencies, Futures, Economics, Fixed Income, ETFs, Sectors). It is a user-friendly site that affords all users irrespective of location on the globe relevance. It covers the USA, Europe, Asia, Africa, Middle-East, and Japan. If you want to be successful in forex trading, this is a must add to your armory
The link to the website is -
www.bloomberg.com
2) BABYPIPS
Babypips is another amazing website that cannot be overlooked when discussing the best forex websites. As their name suggests, it is ‘The beginner's guide to FX trading’. The look of the website cum its simplicity is top-notch. As the name suggests, it grooms baby traders to become adult traders.
It has created a niche in the forex education because of its ability to deal with topics and discussions in simple and clear terms. There is no assumption with the teachers and administrators of this forex website. Therefore, I'm sorely tempted to rank this as the number one best forex website that every beginner in forex should start off with before moving to the other sites discussed here as the basics to profitable forex trading are well explained therein.
This is the link to the website -
www.babypips.com
3) FOREXLIVE
Forexlive is another top forex website that every forex trader should have in his array of trading tools. It is inclusive of several tabs such as cryptocurrency; technical analysis, Economic calendar, list of forex brokers, robust education, live market quotes, live charts, forex orders, and other several forex tools.
One other key feature of the site is the social trading (social trading allows newbies to duplicate the workings of an expert trader. Little or no previous knowledge about trading is required to do this. It is however still advisable that intending traders learn the ropes for long-term and sustainable gains as against leaning on social trading.
You can access their website via this link -
www.forexlive.com
4) DAILYFOREX
Dailyforex is absolutely a website that every would-be forex trader and those already trading should desire to use. It has a rich column dedicated to ‘reviews’ of different subject matters. It also offers trading signal service. Still, on the features of the site, it is loaded with lots of forex learning resources, market updates, trading tools like daily forex mobile app, forex widgets, etc.
For those who are eager to test the forex market with paper money, they could also open a demo account with forextime via the daily forex website for free. It ranks as one of the best forex websites.
This URL will take you further to the website -
www.dailyforex.com
5) INVESTOPEDIA
Investopedia is a finance and investing website. This website could easily be called ‘University of Forex’ simply because of its rich content as depicted by the ‘academy tab on the website. It provides the users with all that is needed to be profitable in the forex business. It has in its ‘topics’ tab amongst the following – wealth management, Financial Advisors, Personal Finance, Trading, etc.
In the academy tab, many important topics like- Investing for Beginners, Find Great Value Stocks, Cryptocurrency for Beginners, Financial Modeling, etc are not left out.
For additional information, go to -
www.investopedia.com
6) NETDANIA
Netdania is another incredible forex website under our top forex websites for consideration. They provide an array of products ranging from mobile/desktop applications to cloud services, real-time tradable rates from 10 top global liquidity providers indicating best Bid and Ask prices. It is very easy to navigate through the website.
They also host free NetDania's "Live Trading Webinars" for interested participants. Like every other best forex website site, they have a rich news section.
Their main website could be accessed via -
www.netdania.com
7) FOREXPEACEARMY
Forexpeacearmy is a forex website where it all happens. Any information provided on this website from experience are often verifiable. As the name depicts, forexpeacearmy, they assist users of different forex products in the resolution of conflicts that may ensue between them and their service providers. They actually live up to their name. Over the years they have been able to save tens of thousands of dollars for people by way of advice and uncovering shady attitudes of some forex service providers through their forex traders’ court.
They provide top-notch reviews, strategies, education, and tools. They also have a dedicated community that handles scam alerts, traders’ court, forums, beginners’ Bootcamp, etc. They are acclaimed to be unbiased professionals in their dealings. No compromise in revealing the evils in the forex world. Their source of revenue is by advertisements placed on their website and currently have over five million visitors to their website annually.
So far, there hasn't been any issue of compromise reported against them. -
www.forexpeacearmy.com
8) FOREXCRUNCH
The Forexcrunch website looks like a blog page because of its simplicity. In spite of its simple looks, it has all it takes for a forex trader to succeed. It does not require too much expertise to navigate through the page contents. Their slogan is also very appealing – Trade Forex Responsibly. It provides a comprehensive weekly forecast and daily outlook of events. Like other websites under our radar, it has a very rich live forex calendar.
For further information about this website, readers are advised to access via -
www.forexcrunch.com
9) FOREXFACTORY
Forexfactory is all-encompassing and one of the best forex websites available today. It is accessible to everyone that has an internet connection on the pc or mobile device. It has a very user-friendly interface. The site can either be accessed as a visitor or as a registered user. The forum section is very rich with lots of useful information and materials for forex traders ranging from expert advisors, strategies, and downloadable books.
The trade feed and live accounts tab are also very enriching to users of the site as it showcases live trades. The forex calendar on the website can also be customized to suit one purpose e.g. last week, this week, next week, last month, this month, etc.). There is also a comprehensive list of forex brokers on the site.
Visit their website on
www.forexfactory.com
10) TRADINGVIEW
Tradingview is a forex website that allows free membership to use their facilities. It requires a free sign-up to enable access to the full contents of their website. It has a very rich user interface. One could launch trading charts without having to download any applications like mt4 or mt5 to the computer. It thus makes viewing of charts on mobile phones/ tablets easier via their URL. The charts are updated in real-time.
It also has an all-time up to date economic calendar. For ease of reference, readers are enjoined to check -
www.tradingview.com
11) FXSTREET
Fxstreet is another leading source of forex news, real-time forex analysis, currency exchange rates, a robust economic calendar, education, list of forex brokers, broker news and spreads. It is adjudged to be one of the top best forex websites known at the moment. There is also a section for cryptos. The design of the website is also very good.
This website can be accessed at
www.fxstreet.com
12) DAILYFX
DailyFX is a site that will help you get some good ideas on what you can anticipate from the market. It offers great analysts that are always helpful.
It doesn't matter if you are a fundamental or a technical trader you will like this site.
You can check out their website on
www.dailyfx.com
So, this is it! If you know of any other Forex trade education sites that others can learn from, please don't hesitate to drop them in the comment section and don't forget to share this article with your friends!