10 Best Websites For Beginners to Learn Forex Trading (2022)

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Trading in the foreign exchange market, or forex trade because it is more often referred to, requires a lot of skills and knowledge.

10 Best Websites For Beginners to Learn Forex Trading
10 Best Websites For Beginners to Learn Forex Trading

For novice traders, there are many things that must be learned, from basic concepts to trading strategies, risk management, and platform introduction.

After you build confidence to start trading, you then must remain on market trends, economic news, and global events that can affect the market. You also want to continue to improve your trade skills and learn how to succeed in carrying out an increasingly profitable trade.

Fortunately, there is a large amount of information available online, and relatively easy for novice and experienced traders to find everything they need to know with a little research.

You want to make sure that the source you are aiming for is valid and trustworthy. Whether you are looking for news, technical analysis, strategy guidance, or educational resources, it is very important that the site you use has a good reputation.

To help you start, here is a list of the 10 best forex websites available.

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10 Best Websites to Learn Forex Trading

The following top forex trading websites include those that provide news, education, analysis, and trading tools to help you learn more about online forex trading.

For a successful trading career, the best is to use some in relationships with each other.

1. Asia Forex Mentor

Pros Cons
Multiple lessons spread over video format Those who have already traded could struggle to grasp Mr. Chew’s way of thinking
High quality
Self-paced with lifetime access Expensive
Covers a wide range of lesson topics
Useful examples throughout the course

Best for: Beginner to Advanced traders
Price: $997

Yehezkiel chews the founder of Asia Forex Mentor is not your typical coach. He is an expert recognized in the financial industry where he is often invited to speak at large financial events. His insight into the living market is highly sought after by retail traders.

Jehezkiel is considered one of the top traders around who really cares to give back to the community. He made six points as trading in his own trade and, behind the scenes, Jehezkiel trained traders who work in banks, fund management companies, and trading companies prop.

The highly respected program teaches you how to trade not only forex but also stock, commodity, crypto, and many more. For Yehezkiel, it doesn’t matter what the vehicle is. This is about the selection of trade and has various options to open the best of the best trade.

The One Core Program covers:

  • The unique way he reads graphics with a combination of price action and others.
  • 16 High victory tariff strategies work in every movement by the market.
  • A very popular road to the Formula millions changed many new traders into full-time traders.
  • The business behind trade, trade management methods, ownership points calculation systems, and more.

It is not surprising that the one core program is considered one of the best trading courses.

Visit Asia Forex Mentor

2. eToro Trading School

Pros Cons
Options for classroom-based or online learning Classroom course requires payment
Useful insights for beginner traders

Best for: Multi market overview

The one -day Ethoro Trade School course includes several fields of trade including forex, cryptocurrency and stock.

Direct education was delivered by Henry Ward, a professional trader with more than 10 years of experience under his belt.

Although the course claims to be suitable for traders of all levels, the content is very suitable for novice traders, or those who want to learn more before dipping their toes in water.

You will have an introduction to financial markets, learn important terms and what they represent, and run through the fundamental principles of trade.

Perhaps the most useful element of a course for beginners is the introduction of trading personality. This will help you identify what types of traders you and determine the most suitable forces.

In addition to class -based courses, held at Canary Wharf London, there is also a webinar library and podcast for those who are interested in long -distance learning.

Visit eToro Trading School

3. ForexSignals.com – Trading Room

Pros Cons
Free trial available Requires monthly subscription (different tiers) to maintain access
Daily live streams and market analysis
Insights from trading mentors May not offer much value to advanced traders
Community of fellow traders to discuss ideas with
Online video library for education

Best for: Live streams, strategies and pro mentorship

ForexSignals.com is one of the oldest and most famous trade education platforms out there. Serious competitors for those who are looking for a place that has a good reputation for learning about forex trading; And thousands of 5 star reviews confirm this.

In its easy -to -use trade space, you will find three professional trade mentors with more than 50 years of experience teaching traders from all levels of ways to read, understand, and trade financial markets.

Membership to the Trading Room starts at just $47 per month and you’ll get access to:

  • 5 daily live streams with real-time market commentary
  • 1 on 1s with professional trading mentors
  • Strategies for you to learn and apply
  • Trading tools and EA packages
  • Daily trade ideas and analysis
  • 350+ hours of educational video lessons
  • 24/7 live chat with fellow traders

It’s easy to see why 83,000 uses forexsignals.com as a place for education and real-time market opportunities.

Visit ForexSignals.com – Trading Room

4. How to Trade

Pros Cons
Learn at your own pace Requires paid subscription to maintain Trading Room access (various tiers available)
Video lessons cover a wide range of topics
Both free and paid-for courses are available to suit different preferences

Providing trade education that is designed to bring you from the basics to the advanced strategy, how trade has many world-class education resources.

There are more than 50 free trading lessons, which are designed by mentors that are recognized globally, and when you finish it, you will receive a certificate. You can expect free courses to include forex and stock education – ranging from basic introduction to graphics, technical analysis, indicators, risk management and psychology.

In addition to free courses, there is premium content that is included with trading space membership. There are three different levels of membership, with increasing benefits when the price rises. Each level includes access to the trade room, all premium content in modular video academies, daily direct trade sessions, trade sentiment analysis, weekly heat analysis, real time global news flow, direct interactive workshops and access to pro traders.

The different pricing structures are as follows:

The Apprentice – £ 77 per month, billed every month. Including one month access to the trade room.

The commitment – £ 39 per month, collected six months. Including six months access to the trade room. This also includes exclusive brokerage access and one by one with a mentor.

Professional – £ 36 per month, collected every year. Including access one year to the trade room, all committed interns and subscription features, but also direct paths to mentors, advisors to surf the trend, and licensing keys for forex testers 5.

Visit How to Trade

5. Forex Trading Coach

Pros Cons
Learn online at your own pace Course is expensive
Includes 12-month access to daily trade information Trading track record performance not verified by a third party
Lifetime access to email support
Live webinars each week
Online community forum

Developed by Andrew Mitchem, who has been a forex trading coach for more than 12 years, there are several training options available through this site – including several free resources.

With more than 3,000 successful students and money back guarantees if you do not get a profit of 20% following the information provided, a successful trader course is a fully online system consisting of several video lessons designed to become beginner friendly.

This course consists of 15 video lessons, which last between five and 90 minutes. These videos start from the beginning by learning about forex trading (although Mitchem claims that you can use this process for commodity trade as well), and work through various trading strategies, tools and psychology.

Along with this video, students also get access to 12 months of daily trade information, lifelong access to personal email support, the use of trade rooms and special forum sites for students and special trading software.

The course fee is almost $ 3,000, but there is a split payment option available if you contact customer service.

For those who need more personal touches, there is one version of an online course available with exclusive access to the founder and colleagues for personalized structured learning-at a higher cost (but you need to apply to find out how much) .

The free resources available are quite in -depth, from masterclass to ebooks and various webinars and seminars.

Visit Forex Trading Coach

6. XTB

Pros Cons
Regulated by the FCA No US clients
Low forex fees Limited product portfolio
Fast withdrawal and deposit with no fee High fees for stock CFDs
Live chat customer service

As a broker you can trust, XTB is well arranged and registered on the Stock Exchange. The registered office is in Canary Wharf, London.

XTB offers investors and traders the opportunity to trade commodities, shares, metals, forex, indexes and cryptocurrency, as well as ETF and CFD, and are regulated in high -level jurisdictions by FCA, Cysec, IFSEC and KNF.

Traders can easily open accounts online and can choose between Commission -free standard accounts or pro accounts that include tighter spreads, but there are commissions that need to be paid in all trade.

Deciding what platform to be used to make your trade depends on your location – in most countries, you can choose Metatrader 4 or Xstation’s property platform (although MT4 is not available for British customers).

XTB is the right choice for beginners thanks to a large number of educational material, categorized by level (beginner, medium and advanced) and customer service options that are only available on weekdays.

There is a demonstration account that is fully functioning so that beginners can practice strategy and accustomed to using a platform.

More experienced traders will enjoy a large number of research resources, including trade signals, technical analysis, details about various instruments, and even hot maps and market sentiments.

Visit XTB

7. Admiral Markets

Pros Cons
Highly regulated No US clients
Advanced trading tools Inactivity fee
Account protection Minimum deposit of $100
Low trading fees

Admiral Markets, Rebranding to become ‘Admiral’, described himself as a ‘full spectrum financial center’.

In practice, Admirals are brokers that offer several forex and CFD trading instruments in most currencies.

Founded in 2001, Admiral Markets were regulated by JSC, FCA, Efsa and Cysec, and offers access to traders to Metatrader 4 and 5, with the opportunity to have several active accounts with different basic currencies to take advantage of price instability.

There are several types of accounts available, depending on the platform you want to use.

In MT4, you can choose a standard account known as trade.mt4. The minimum deposit for this account is 100 USD/EUR/GBP or equivalent, and you can trade 37 currency pairs and metals, energy, future, CFD stock and bonds.

In this account, trading costs come from spread, in addition to a single shares or CFD ETF, which has a standard commission of 0.02 USD.

The Zero.MT4 account offers a tighter spread, with more currency pairs (45) but fewer CFD options.

The CFD Forex and Metal Commission is 1.8 to 3 USD per lot, the cash index is 0.5 to 3 USD per lot, and the energy CFD is 1 USD per lot.

If you prefer an upgraded MT5, you can also have an Invest.MT5 account, in addition to trade.mt5 and zero.mt5. Metatrader 5 account has access to more trade instruments in trade and zero, but investment.MT5 is purely designed to buy shares and ETFs, with more than 4,350 shares and 200 ETFs available and a minimum deposit of 1 EUR/USD/GBP.

Free deposits use bank, card, paypal or clarna transfer, but there is a fee of 0.9% (or a minimum of $ 1) for deposits made using e-wallet such as neteller or skrill. You can have one free withdrawal a month as a bank transfer, but two if you use Paypal or E-Wallet.

Admirals are available as a cellular trading application as well as web and desktop, and the user-time user and trade interface available throughout the platform offers a smooth user experience.

Research and analytics are very broad, with technical and fundamental analysis along with trade news, market sentiments, and market heat maps. Access to Metatrader Trading Central and Podcast Weekly trading is also provided.

In terms of education, there are articles and tutorials, ebooks, trading videos, webinars and seminars as well as practical FAQ and glossary.

Admiral considers seriously studying with two separate courses aimed at novice traders. Zero to Hero courses consist of 20 video lessons, questions and answers and direct sessions as well as trading strategies that are made well. Forex 101 is a three -stage course to bring beginners through experts using structures that include video lessons with detailed notes and quizzes to check knowledge.

Visit Admiral Markets

8. IronFX

Pros Cons
Regulated by FCA, ASIC and CySEC Customer support is not 24/7
MT4 Limited research resources
Social trading Withdrawal fees
Demo account Charges a ‘no trading’ fee
Partnership programs
Good educational resources

Minimum deposit: $100
Regulators: FCA, ASIC, CySEC, FSCA
Multi-platform: Yes
Pip spread on majors: 0–1.7
Maximum Leverage: 1,000

IronFX is a leading investment company that is a recognized and an international broker.

IronFX offers trading products and services that are adjusted to retail and institutional clients, including many trading tools, the latest trading platforms and multilingual support 24/5.

As a multi-asset broker, IronFX provides more than 300 instruments that can be traded in six asset classes including forex, metal, index, commodity, futures and shares.

Over the past 10 years, IronFX has focused on providing competitive trade conditions with strict spreads and flexible leverage.

The company also offers auto trade solutions that allow traders to copy the best performing traders’ strategies

Visit IronFX

9. Forex Mentor

Pros Cons
Live trading sessions Requires continued payment to maintain access
Access to members chat room
Email alerts Extensive information can be overwhelming for beginners

Best for: Reliable coaching-based training

Founded in 2003 by veteran trader Peter Bain, Forex Mentor was based on the forex trading system that he developed and used through his training.

Through Forex Mentor training, more than 27,000 people have learned to trade successfully and consistently use the simple 1-2-3 method.

There are two routes that Forex students can do through Forex mentors. The Coach’s Corner is a series of direct forex videos based on pre-market analysis and simple forex patterns, and some of these content can be accessed free of charge using the CCStarter package.

Simple training plan 1-2-3 (S123) teaches a three-step system that is not ambiguous, logical and objective, working on any trading pair and based on mathematical waves and the Fibonacci model.

Training costs are often offered, and can be paid for monthly installments or through prepaid six months.

The founder of Forex Mentor Course Peter Bain claims that this is the most comprehensive and affordable forex trading available on the internet.

Visit Forex Mentor

10. Forex Mentor Pro

Pros Cons
Access to members forum Requires continued monthly or yearly payment to maintain access
Suits beginner to intermediate level
Live training sessions each week

Best for: Training recommended by professionals

This training, such as many other people available online, is made as a response to the lack of reliable online training available.

The founder, Marc Walton, began trading in 2002, but in less than three years he was ready to give up because there were too many ‘mentors’ that could not be relied upon online.

Walton found a mentor and his trading knowledge was expanded enough to successfully trade with hedge funds and run an account that was managed for personal clients. When he grew up, people began to ask for help and advice, and this led directly to the establishment of the Forex Mentor Pro in 2008.

There are three levels of training options available, and the three offer video training on three strong trading systems and access to special member forums.

Students can pay every month and accept all of the above.

This annual plan offers more personal touches through priority support and 30 -minute phone calls with a mentor.

For lifelong access, there is a one -time payment and a sixty minute call with a mentor, as well as a review twice a year about the current performance and the creation of a personalized plan.

Visit Forex Mentor Pro

Frequently Asked Questions

Is Asia Forex Mentor the best forex news website?

If you are looking for a website or program that is suitable for a complete trading beginner, then the Asia Forex Mentor is a good choice.

However, it was not specifically designed to provide news. If you are looking for a website that only offers forex news, then Forex Live or Forex Trading Asia may be a better choice.

Which trading website gives the best forex news?

The platform you choose for your news and updates will be very dependent on your needs.

Forexsignals are one of the oldest and most famous trading platforms for news and education.

What is the best forex market cap website similar to Admiral Markets?

If you are looking for a website that is similar to Admiral Markets, then that is a job considering alternatives such as:

What is the best way to learn forex trading besides reading forex websites and blogs?

One of the best ways to learn about trading is through training. This is why many platforms will allow users to access demo accounts.

In this way, you can practice the skills you have learned and create a strategy without the risk of losing real money.

What is the best forex broker for beginners?

The best website for you will be very dependent on your needs and the type of trade you want to do. There will be some more suitable for daily trade, others will be targeted for long -term strategies.

Final Thoughts

There are so many websites for news and forex education that it is difficult to know which you can trust, and which ones are best avoided. Hopefully, the list above has given you a variety of leading sources that can be used to start or advance your forex trading journey.

As mentioned, it is best to use some of these sites to make sure you include all the basis when you have to learn about forex trading.

For beginners, it is recommended to start with basic education content before switching to market research and using trading tools. That way, you will fully understand how you read and the tools you use can help you make a better trading decision.

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