There are so many sources
available online today that "teach" many would-be
traders about Forex trading – but how many of these
sources actually offer an unbiased, balanced education…
for free?
In my humble experience, most free sources
of Forex education will have some sort of commercial motive
– they’ll either want you purchase their trading
platform, or to become a customer of their trading broker.
And in case you didn’t know, most brokers
online today benefit when you LOSE money in trading. Talk
about a conflict of interest huh? It’s sad, but it’s
the truth.
So be very careful about where you learn
about Forex trading.
Here are 2 suggestions where you can get
genuinely useful Forex trading information online for free:
1. Online forums
A good place to start is through online forums about Forex
trading. Forums are usually filled with good-intentioned people,
many of whom are willing to share valuable thoughts and experiences
with other traders like you and me. You’ll find some
of the most open and honest opinions about Forex trading in
forums. And did I mention that you’ll get all this information
for free? Forums are a great place to learn.
However, try to stay away from forums that
are owned and moderated by Forex brokers… for obvious
reasons you wouldn’t want to be taking advice from people
who make money when you lose money!
2. Forex News
Sites
There are a couple of good Forex news websites that can provide
a pretty decent foundation for beginners. A quick search for
the phrase "Forex news" will provide you with ample
choices.
However, the content in many of these websites
are (in my humble opinion) too shallow for any real learning.
But if you’re completely new to Forex trading, these
sites are a great place to start.
Conclusion
Although paid information is almost always better than free
information, there are indeed very useful (and free) websites
available where you can learn the PROPER way to trade Forex.
But remember – not everything you’ll learn online
is always true… take everything you learn with a healthy
dose of skepticism.
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