The best way to learn forex trading is through forex trading. Nothing can beat years of experience and hard work on strategy. However, there are definitely good habits on the road to being a profitable trader. Since you are already reading websites and blogs on some of the most popular forex websites, I’ll recommend some other tools for you to become a better trader.
Although you are a frequent visitor of forex websites, it is still important to keep up with other types of news as well. For world economic news, I would recommendor . These are both excellent unbiased websites that provide live news and analysis from experienced analysts. It is also a good idea to use to look at detailed financial information and market trends.
It is important to have a reliable provider for a day trader to look at charts and the fluctuations of the market. More importantly, it needs to have accurate stats and suggestions for the trader.
Tradeview has a simple and free interactive chart for traders. Although you have to upgrade in order to view multiple charts at once, Tradeview is nonetheless great for amateur day traders to use since it is simple and provides all the necessary functions. The platform has headline news for the selected market in the corner which is great for traders to renew their knowledge of the stock or currency.
In addition to having a simple interactive chart, Tradeview also provides “pro” traders who advise traders through articles on the FX, futures and stock markets. The site also has live economic statistics and market summaries for traders in a rush. Tradeview is great for beginners to start day trading with.
Since practice always makes perfect, making a demo account and practising is crucial before you commit a large amount of money into the market. Here is a greatsite that I used to help me get better.