Starting your adventure into forex trading may be both exhilarating and daunting. With countless of resources accessible online, understanding which trading blogs to read may significantly impact how fast and successfully you learn the ropes. The correct blogs can help you understand technical analysis, trading psychology, strategy creation, risk management, and global economic events that influence currency markets. What Trading Blogs to Follow Before the Start of Forex Trading
Here are some of the best trading blogs that each prospective forex trader should read before getting into real trading.
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1. BabyPips: The School of Pipsology – What Trading Blogs to Follow Before the Start of Forex Trading
Website: [www.babypips.com].(https://www.babypips.com)
BabyPips is undoubtedly the most well-known forex blog for beginners. It’s straightforward, fun, and very instructive. Their main instructional series, School of Pipsology, covers everything from the fundamentals of forex to sophisticated trading tactics.
What You Will Learn:
Topics covered include forex vocabulary, chart patterns, technical indicators, trading psychology, and risk and money management.
Why Follow It:
BabyPips teaches in a beginner-friendly and enjoyable classroom setting, making difficult ideas simple to understand.
2. DailyFX: News and Analysis
Website: [www.dailyfx.com].(https://www.dailyfx.com)
DailyFX is the forex broker IG Group‘s research department, providing daily market news, technical setups, and economic calendars.
What You Will Learn:
- Access real-time forex market news * Get daily trading ideas and analysis * Learn charting methods in detail * Economic Calendar and Forecasts
Follow DailyFX to stay up-to-date on macroeconomic data and market trends.
3. Trading View Blog
Website: [www.tradingview.com/blog].(https://www.tradingview.com/blog/)
TradingView is more than simply a charting platform; it also has a large community of traders who share tactics, setups, and instructional information.
What You Will Learn:
- Real traders provide live trade ideas. * TradingView charts are used for visual strategy discussions. Insight into various trading strategies such as scalping, swing trading, and long-term
Why Follow It:
The blog and social platform provide you insight into how other traders approach the market. You may also engage with posts and voice your opinions.
4. ForexLive – Real-time Market Intelligence – What Trading Blogs to Follow Before the Start of Forex Trading
website: [www.forexlive.com].(https://www.forexlive.com)
ForexLive is well-known for providing timely updates and analysis on real-time market news. It’s particularly important when markets are turbulent or the central bank makes a statement.
What You Will Learn:
- Get the latest currency news, central bank updates, and rate decisions. Technical chart trends at play. Trader sentiment analysis
Why Follow It:
Ideal for traders who want to keep current and respond swiftly to market-moving developments.
5. FXstreet – News and Economic Analysis
Website: [www.fxstreet.com].(https://www.fxstreet.com)
FXStreet provides a fair mix of news, technical analysis, and instructional information. It includes all of the main FX pairings, as well as cryptocurrency and commodities.
What You Will Learn:
Features include detailed technical reports, market sentiment indicators, fundamental analysis, and projections. Weekly overviews and webinars
Why Follow It:
Their multilingual and worldwide approach offers a broad view that is valuable for both new and experienced traders.
6. Two Blokes Trading
Website: [www.twobloketrading.com].(https://www.twoblokestrading.com)
This blog, along with its podcast, focuses on the practical aspects of learning to trade. It provides practical teachings, interviews with skilled traders, and assessments of trading tools.
What You Will Learn:
- Features include honest trader experiences, broker evaluations, platform comparisons, strategy-building tips, and interviews with market experts.
Why Follow It:
If you’re looking for information that feels more like a mentor helping you through the learning process, this is a terrific start.
7. Learn to Trade the Market with Nial Fuller – What Trading Blogs to Follow Before the Start of Forex Trading
Website: [www.learntotradethemarket.com].(https://www.learntotradethemarket.com)
This blog, run by expert trader Nial Fuller, focuses on price action trading, a method that does not employ indicators and instead reads raw price movements.
What You Will Learn:
- Price action strategies • Trading psychology and mindset • Risk management and journaling • Market analysis with a price action tilt.
Why Follow It:
Ideal for traders looking to simplify their charts and learn to trade with fewer equipment.
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Final Thoughts
Before you enter the high-stakes world of live forex trading, educate yourself thoroughly. These blogs include not just trading ideas and market news, but also practical guidance from veteran traders. Follow a variety of news-driven platforms, including DailyFX and ForexLive, educational resources, such as BabyPips, and trader-focused sites, such as TradingView and Nial Fuller‘s blog.
Staying educated, practicing tactics in demo accounts, and collecting ideas from trading blogs can help you lay a solid basis for long-term success in the forex market.
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