Most experienced traders rely on a few resources that help them interpret the global forex markets, while honing their skills as traders.
In this article, we are going to provide you with a list of resources that can be used by all types of traders, from beginners to those who want to master the forex markets.
The resources highlighted in this article include those provided by Exness, essential forex trading books, as well as third-party websites.
Let’s get started!
Exness posts a lot of content to its Facebook account, which is accessible to both Exness traders as well as those outside of Exness who are interested in trading the forex markets. Educational content is posted up every day, as well as up-to-date market analysis covering some of the popular currency pairs. These resources target all levels of traders from beginners to experienced traders.
The Exness YouTube channel is also another resource available to all traders who want access to timely market information throughout the day. Content posted includes market analysis videos from Trading Central, which can be used by traders as part of their trading strategies.
The Exness Forex blog is a reliable forex trading resource that provides market updates based on technical and fundamental analysis of the different instruments available on the Exness site. The blog also features educational content from experienced traders, analysts and writers on different aspects of trading, which are targeted at all types of traders. Many of our clients find the blog extremely useful in perfecting their trading skillsets.
There are several great books that are available to Forex traders, which cover concepts from basic forex education to advanced trading strategies, featuring fundamental and technical analysis tools and techniques.
This is a key book for beginner forex traders that was published in 2011 by Brian Dolan, a 20-year forex trading veteran. The book is an excellent resource for beginner traders as it offers simple instructions on how to trade the global forex markets.
Kathy Lien is a renowned currency analyst and her book provides a two-sided approach to learning about the global currency markets, with both theory and actionable strategies described in detail throughout the book. Day Trading The Currency Markets covers most aspects of the currency markets by providing deep insights into both fundamental and technical trading strategies that can be used by forex traders in the forex markets.
The book starts with a brief introduction to the world of forex exchange along with the basics of forex trading. The majority of the work is then dedicated to trading strategies recommended by the author. The book also outlines Smith’s unique rejection rule, which allows traders to double their profits on channel breakout patterns. The book also covers key aspects of the psychology of trading as well as risk management strategies.
Nison’s book provides an in-depth analysis of Japanese candlestick charts, which are an extremely popular technical analysis tool among forex traders. The book covers both the basics of this popular charting technique and the most advanced topics, which makes it an invaluable resource for most forex traders. The book includes hundreds of examples provided by the author and is written in a simple and straightforward language.
As a forex trader, there are several websites that provide valuable information relating to trading the forex markets, which can be extremely crucial to achieving your forex trading goals.
Investopedia is an extremely useful resource for both new and experienced forex traders, functioning as an encyclopedia for most terms related to trading and investing. The site not only provides definitions for terms related to forex trading, but also provides forex trading training to all levels of traders.
This site is mainly geared to serve beginner forex traders, providing basic forex training to users in a manner that is easy to understand. This site is regarded as one of the best resources for beginner traders, but is also a good source for forex news updates for upcoming economic events.
Forex Factory is a community of traders who share their trading systems with other users, which can provide useful trading ideas for all types of traders. The site also provides access to news events and has an economic calendar.
TradingView is a social networking site for traders that provides a platform for technical analysis where traders can share their trading ideas with other users. The site offers both a paid service and a free limited service. It also features a leaderboard, which allows users to follow traders whose trade ideas have the highest success rate.
The above list of forex trading resources for traders is not exhaustive, and it is wise to do your own research in order to identify resources that fit your trading style. However, we hope that you found it a useful starting point as you grow as a trader.
Don’t forget, practice makes perfect. Open an Exness Demo account today and experiment with absolutely no risk!