Are you searching for the best forex website to teach you forex trading? Well, search no more cause you are finally in the exact place. I’ll introduce you to some of the most estimable websites that give licit and dependable educational coffers to amend your trading skills and experience from the very start.
Being a forex trader or doing a foreign exchange isn’t a walk-in-the-park scene. It requires quite a number of skills and information to handle and take in. There’s a lot to grasp and master for those who are actually in the beginner’s stage, inclusive of how to manage risks, the trading strategies to use, and to familiarize themselves with the platform. There’s just too much, and that’s why there are various websites, which have gathered information to help you learn about forex trading.
This article compiles some of the best and outstanding websites that you should consider when you want to learn and master the art of trading forex.
11 best websites to learn forex trading
Read through the following websites that top the list for educating and helping you develop skills for forex trading.
1. ForexSignal.com
ForexSignals.com is among the oldest and most well-known trading learning platforms that exist out there. A serious contender for those searching for an estimable place to learn about forex trading; and its thousands of 5-star reviews confirm this.
Inside its trading room, you will find three professional trading instructors with over 50 times of experience tutoring dealers of all situations how to read, understand and trade fiscal requests.
It is fully equipped to offer learners at all levels an in-depth forex trading course, professional guidance, and trading tools.
Pros
- It offers a fully comprehensive guide on how to trade forex in the market
- It offers a free seven-day free trial to new members
- Offers a platform for fellow traders to engage together and exchange ideas
- Offers live streams and forex trading market analysis on a daily basis.
Cons
- It only targets beginners and intermediate forex traders
- Its monthly subscription plan is two times more expensive than the yearly membership plan
ForexSignals.com’s key objectives are to teach its students how to venture into the forex exchange market while applying their methods for knowing trends and coming up with signals.
2. Chweya.com
Forex Association is yet another website that tops the list of the best websites to learn forex online. It gives you an opportunity to connect with one of the best and most successful forex traders in Kenya and also the founder of Benstride – Vincent Nyagaka.
Here on this platform, you’ll be taught the best strategies to use while trading, the best pair of currencies to trade, when to trade, and above all get comprehensive notes on the Dos and Don’ts while trading forex.
At Benstride.com, you will also be introduced to the best-trusted broker to trade forex on the internet-XM which requires no subscription fee.
Pros
- Meet with the best and most successful forex trader in Kenya-Vincent Nyagaka
- Has no Subscription Fee
- Register and trade with their trusted forex broker-XM
- Get free trading signals
- Registration is free
3. Traders Academy Club
Traders Academy Club is a web-based platform that offers educational resources and tools for traders. Regardless of your level in the forex exchange market; whether you are a beginner or an advanced trader looking to upgrade your skills to the next level, the Traders academy club is the hub of knowledge and tools you need to make it in the trading market and level up your skills regarding forex.
You get all these learning materials for $297 annually. Not that cheap but it’s worth it.
Pros
- Offers training opportunities to all levels of students.
- Provides group tutoring and mentoring
- Has comprehensive educational materials
Cons
- It is quite expensive.
4. Asia forex mentor-One Core Program
Asia Forex Mentor is a company that provides educational resources and tools for traders, with a focus on the Asian financial markets. Ezekiel Chew the founder of Asia Forex mentor isn’t just a tour of any type of trainer in the world of forex trading; he’s a well-known expert in the finance industry and has also been in the spotlight at international speaking events.
His website offers extensive and comprehensive forex courses there is.
Pros
- Offers high-quality forex trading materials
- Offers a wide range of forex course lessons
- Offers a seven-day free trial training
- You get to train with a world-renown trader
Cons
- It is Expensive
5. Daily Forex FX Academy
FX Academy is an online platform that provides educational resources and tools for traders. This website was developed by worldwide recognized forex experts and its aim is to tutor all levels of forex learners. Surprisingly enough, it doesn’t cost a dime to join and register for the courses, trading tools, and materials.
The academy also has trading strategy simulations which give students an opportunity to learn based on the example market conditions and executing trading strategies.
Pros
- It’s absolutely free
- Offers trading strategy simulations
- Has a full course training
Cons
- It has no live trading room
6. Forex Mentor
A forex mentor is a person or organization that provides guidance and instruction to traders and investors who are interested in participating in the foreign exchange market. This website was created in the year 2003 by old-timer Peter Bain. He based the website on a trading system that he created and used throughout his trading session.
There are ways through which students can learn on the website. One is the coach corner where there are a number of live forex videos created depending on the pre-market analysis and easy forex patterns.
The other way is called the simple 1-2-3 training plan (S123) which teaches you three simple steps that are objective and real when it comes to working on any pair of currencies.
Pros
- Has Email notifications
- Offers live trading forums
- Enables chat room
Cons
- Continuous fee payment to be able to access resources
- It can be overwhelming
7. Admiral Market
Admiral Markets is a brokerage firm that offers online trading services for a variety of financial instruments, including forex, stocks, commodities, indices, and more. It is yet another website that makes it through the list. It’s quite one of a kind as it offers a complete spectrum of financial know-how. Created in 2001, admiral markets offers trading equipment to both Meta Trader 4 and Meta Trader 5 students.
Depending on the platform you choose between the two, you can create different accounts on either of the two to start using. Admiral market is available on the Google play store or App store for your mobile or on the web for your personal computer. It offers extensive ad comprehensive research with technical and important analysis alongside trading news to help you develop your trading skills.
Pros
- Offers effective trading tools
- Offers affordable trading fees
- It is highly controlled
- Provide account security
Cons
- The minimum amount to deposit is $100
8. Iron FX
IronFX is a global online broker that offers trading in a wide range of financial instruments, including forex, stocks, commodities, and indices. IronFx also makes it to the count. It offers trading products and services to both retail and institutional customers. For a long period of time, it has focused on providing learning materials on all six assets of forex including; metals, indices, futures, forex, shares, and commodities.
Pros
- Offers training account
- Has Meta Trading 4
- Gives partnership opportunities
- Provides reliable educational materials
Cons
- Has fewer research resources
- Customer service is not around the clock
- Has withdrawable fees
Final Say
There are so numerous websites for forex news and education that it can be delicate to know which websites you can trust, and which websites are best avoided. Hopefully, the above list has handed you a variety of estimable sources with which you can be able to start or progress your forex trading trip. As mentioned, it’s stylish to use several of these spots to ensure you’re covering all the basics of learning about forex trading.