What are the best resources for becoming a forex trader?

asked by Anonymous
386 contributors
16 solutions
  1. 253

    #1The Trading game

    The Trading game

    The Trading Game is one the funniest and easiest ways to learn everything that you need to know about trading, stocks, and forex fundamentals


    Games

    Web, iOS, Android

    Free

    Jacqueline Campbell
    Written on April 19, 2018
    "A lot of practice is needed in forex before going in for real. This game simulates the environment well."
  2. 23

    #2Forex

    Forex

    Forex is an automated trading software that allows you to copy the strategy of other traders. It offers you real time market analysis, customizable trading strategies, competitive tracing, etc. It's available as a downloadable software and as a website. 

    Software

    Web, Windows, iOS, Android

    Free

    Debra Salazar
    Written on October 12, 2017
    "This is a very informative site, It gives you strategy help with real time assistance. This helps you set up your own strategies, get all of your trading information and get yourself well on the way to success."
  3. 20

    #3RoboX

    RoboX

    RoboX is an automated trading platform that allows you to copy the trades of others. RoboX takes as reference your trading preferences and requirements. You can just copy signals or mirror complete strategies. It's a platform for individual clients especially recommended for those who don't have enough experience or time for trading. 

    Websites

    Sharon Alvarez
    Written on July 22, 2017
    "An excellent resource for Forex Trading is Robox. It helps to automate the process of forex trading, while still being able to learn as you go and begin earning. Excellent features for the different types of traders, whether it be the more risk adverse or the more aggressive trader."
  1. 17

    #4Mirror Trader

    Mirror Trader

    Mirror Trader is a flexible automated trading platform that allows you to mirror the trades of other experienced traders. Its forex trading software allows you to decide how much control you take with automated, semi-automated & manual trading options.

    Websites

    Christine Powell
    Written on January 24, 2017
    "Mirror Trader is good for experienced forex traders only, it is not a good resource for becoming one. It is too complex for a beginner or someone who is still learning."
  2. 14

    #5A Beginner's Guide to Investing: How to Grow Your Money the Smart and Easy Way

    A Beginner's Guide to Investing: How to Grow Your Money the Smart and Easy Way
    A Beginner's Guide to Investing is a guide created by Join Ivy Bytes, an innovative start-up dedicated to creating accessible content, and Alex Frey, a lifelong investor and Harvard MBA, to help you grow your money the smart and easy way.
    Books

    Check price

    Scott McDonald
    Written on June 13, 2017
    "A Beginner's Guide to Investing is a book about personal investing written by Alex Frey, a Harvard MBA. Frey discusses the plans each investor should have to earn a good return and offers tips to avoid the pitfalls that some individual investors find themselves trapped in. "
  3. 12

    #6Investopedia

    Investopedia
    Investopedia is one of the world's leading sources of financial content on the web, offering news, tutorials and guides, even for those with little or no background knowledge when it comes to investing.
    Websites

    Free

    Judy Reyes
    Written on August 1, 2017
    "Investopedia is a great resource for beginners and seasoned investors alike. It has come in handy many times when looking up information that I was unsure about and does a good job at clarifying terms."
  4. 10

    #7Robinhood

    Robinhood

    Robinhood Markets Inc. or Robinhood is a financial services company based in Menlo Park, California. It offers commission-free trading of stocks, cryptocurrencies, and ETFs via desktop or mobile app. The firm is also registered with the U.S SEC.

    Websites

    Free

    Raymond Gibson
    Written on July 4, 2017
    "The Robinhood app is great. It is easy and cheap to buy stocks, and is painless to use. If you sign up with a referral, you get a free stock, and every time someone uses yours, you get another free stock. You can watch a lot of stocks, and if you are new and trying to learn more about the stock market, this app is good for you."
  5. 9

    #8Scutify

    Scutify
    Scutify is a community of passionate investors and traders. Users are able to collaborate, research and then take their journey further by placing trades directly on the Scutify platform through the Tradier Brokerage API.
    Websites

    Free

    Jack Patel
    Written on April 19, 2017
    "Scutify is a one-stop portal for everything forex (foreign exchange). Forex is a complicated proposal, but Scutify provides everything needed in one dashboard portal, allowing research, posting, and even trading - all on one platform!"
  6. 5

    #9The Intelligent Investor

    The Intelligent Investor
    The Intelligent Investor has been the stock market book reference ever since its original publication in 1949. In this book, Benjamin Graham, one of the greatest investment advisor of the 20th century, teaches and inspires people worldwide with his philosophy of "value investing".
    Books

    Check price

    Carl Gomez
    Written on August 12, 2017
    "This book was filled with great advice, and was also written in a way that was understandable to the average person. I appreciated this since some investing material can be difficult to parse and understand, which was not the case with this book."
  7. 3

    #10Yahoo Finance

    Yahoo Finance

    Yahoo! Finance is an investment portfolio tool that finds all the financial information you need with intuitive navigation. It also compares stocks with interactive full-screen charts. You can also sign to view and edit your Web portfolio on the go.

    Apps

    Web, Android, iOS

    Free

    Daniel Reid
    Written on October 4, 2017
    "This app may be useful for getting real-time stock quotes for stock traders, but I have found that it offers almost nothing for me as a Forex trader who's looking for useful tools to find the right entry and exit point in the markets. I was greatly disappointed that the app does not have any information whatsoever from the commodities or currency markets, or indeed from Forex."
  8. 2

    #11Forex Hero

    Forex Hero

    Forex Hero is a trading game developed by Fitster Group which is both available on Android and iOS devices. This game includes forex trading basics and an interactive eBook. 

    Games

    iOS, Android

    Free

    Ugis Leimanis
    Written on November 23, 2018
    "Forex Hero is great for beginners who want to learn the fundamentals of forex trading. Unlike other resources it has no useless fluff and no boring academic complexity. Just hands-on, practical knowledge that works in the market."
  9. 1

    #12[TUTORIAL] How To Make Your First One Million Dollars Trading Forex

    [TUTORIAL] How To Make Your First One Million Dollars Trading Forex
    A book aimed to to help the average person who's trading Forex to make profits. You'll learn exactly when to trade for the biggest possible profits in the shortest possible time.
    Books

    Check price

    Carl Long
    Written on February 22, 2017
    "I was looking into forex trading. Specifically I was searching for resources for becoming a forex trader. That is when I found the book: How To Make Your First One Million Dollars Trading Forex. THis book was a tremendous help for understanding all of the things that go into forex trading and how to get started."
  10. 1

    #13Rofx.net

    Rofx.net

    Rofx.net is an automated Forex trading tool based on neural network technology. They guarantee that you receive profits at the end of each trading day, and they offer coverage of losses.

    Websites

    Diane Foster
    Written on January 2, 2018
    "Nice thing to use if you're a trader. At the end of each day you earn your profits. They also offer coverage losses if it happens. Not that bad! Something to use if you're willing to earn profits and be ok with losses."
  11. 0

    #14Hugo's Way

    Hugo's Way

    Hugo's Way is a website that provides clients with true ECN connectivity. This enables users to have a secure trading environment. It also offers market-leading pricing and trading conditions through the MetaTrader 4 platform.

    Websites

    Free

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  12. 0

    #15Trading View

    Trading View

    Trading View is a website that is community-based that wants to be the centre of reference for investors and trade assessors that want to share their knowledge and information to maximize the profit.

    Websites

    Free

    Nathan Soto
    Written on January 17, 2018
    "I was checking out Trading View because i was looking to dip my toes into becoming a Forex Trader. Trading View is a massive site. All the information is just there. Charts and stats. I did find it rather confusing at first. They do offer paid courses to learn what to do to make money trading. They also have a free starter course that i am currently going through right now."
  13. 0

    #16Rocket Invest Fx [ARABIC]

    Rocket Invest Fx [ARABIC]

    Rocket Invest is a website for Instaforex and Exness in which you can find news and other useful content to trade Forex in a safe way.

    Websites

    حسين رياض
    Written on April 19, 2018
    "The best way to earn from forex for free"

Summary

Best What are the best resources for becoming a forex trader
RankSolutionsTypeVotesPrice
1The Trading gameGames 253 Free
2ForexSoftware 23 Free
3RoboXWebsites 20 Paid
4Mirror TraderWebsites 17 Paid
5A Beginner's Guide to Investing: How to Grow Your Money the Smart and Easy WayBooks 14 Paid
6InvestopediaWebsites 12 Free
7RobinhoodWebsites 10 Free
8ScutifyWebsites 9 Free
9The Intelligent InvestorBooks 5 Paid
10Yahoo FinanceApps 3 Free
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