Forex
ForexBigstock

Forex is a financial market that dwarfs stock markets and others. It is very tricky to find reliable sources for education. Making profits in Forex and the online trading world, in general, require extensive knowledge and practice. Below, we will discuss and mention the most trustworthy and top-rated learning resources for online financial education.

How to find trustworthy online resources

When it comes to trading, getting valuable training and study materials is a tricky process. The Internet is full of clickbait information that leads nowhere, and it may become frustrating for beginners. Webinars and video lessons can help traders gain basic knowledge of trading platforms and Forex markets in general. Depending on the market and assets you want to trade, there are different specifics and aspects involved, like Forex and stock markets for example. Stock markets are opening and closing each day and are not available 24 hours a day, but Forex is available 24/5 for retail traders. To find out more about Forex, you can learn FX trading here, with articles on different trading topics. Books can help learn many important things about trading, with some books even providing a comprehensive technical analysis guide.

Top resources for learning Forex trading

We will rank the best study resources and take an example for the most appropriate and popular source. Before you can play a game, you will need to know the rules and who are players. If you can not understand the rules or know who the players are, then you are playing to lose. Just like this, in online financial trading, it is critical to know who are market participants and how they are operating. These details will help you understand the fundamentals needed for trading. The second part is technical analysis. Technical analysis deals with charts and statistical data. The best traders always combine technical analysis with fundamentals. Let's rank the best sources of knowledge for traders.

Trading books

The power of books can not be underestimated when it comes to learning the basics of financial markets. Who are market participants, and how do they operate and interact with each other? How macroeconomic factors affect currency markets, and stock markets are all described in countless comprehensive books available for free and on Amazon. There are industry classics every trader needs to know no matter what they are trading, be it a commodity, Forex, cryptos, stocks, or any market. Some of the industry classics include Trading in the Zone, and the Disciplined Trader by Mark Douglas, The Intelligent Investor by Benjamin Graham, and Way of the Turtle by Curtis Faith.

Make sure you read all four. They are industry classics for a reason.

YouTube's videos of trading Forex or any preferred markets

YouTube's videos and tutorials provide great assistance to see how pros are trading practically and understand all the necessary functionality of trading platforms. Trading platforms are software that enables traders to open and close trades, set alerts and stop losses, and so on. But you should be careful to find appropriate channels that provide legitimate and useful tutorials and courses. Make sure to check if the author is a trader, it is always better to learn from experienced traders because trading activities are related mainly to technical and financial skills to make accurate decisions. Channels like Investors Underground, High Altitude Investing, and Warrior Trading will add to the necessary knowledge to become a successful trader.

Articles, tutorials, and forums

Although ranked third in our article, it doesn’t mean you should ignore articles and well-written online guides about trading on financial markets. They will provide you with a basic explanation of any trading term and slang, indicators, Expert Advisors, etc. After reading a book or watching an interesting video, you can search online to find out more about any term you are interested in. Forums will assist you greatly in this regard. Many experienced traders and software developers sometimes share their free robots and systems. You can ask questions and get proper answers from the forum. One such forum and website is TopForexBrokersNet which specializes in finding out which brokers are trustworthy and which are scams.

Other web platforms like Coinmarketcap and Tradingview could also be useful. CoinMarketCap offers comprehensive data about cryptos, while Tradingview provides charts and analyzing tools for almost all trading instruments available on this planet.

Webinars

Many brokers offer free webinars about trading. Webinars are great as knowledgeable experts share their experience and teach details about trading specifics. Webinars can be used to understand how specific trading platforms software works, how to manage positions, and other trading routines. But the webinars alone won’t cut the work needed to become a successful trader, and it is a must to read books, watch videos and ask questions on forums. Then you will need to practice trading on a demo account to learn actual practical skills.

Key takeaways

Trading is a complex business. It takes discipline, good education, and advanced practical skills. Learning to trade can become easy when you know the best sources of information. Books, videos, articles, and webinars will help you get all the necessary knowledge before jumping in. So, read books, watch videos, and practice trading on a demo account to become a successful trader.