Forex forum uk
What indicators and sources of information do use? I guess the reason I risked more money was because I was doing so well and my account balance had nearly trippled and I did not really think of the implications of what would have happen if I lose all my money something I realised too late.
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I have started trading recently and have had a mixed experience so far.
Hows your experience being?
(original post by king786)
I have started trading recently and have had a mixed experience so far.
Hows your experience being?
I started about 6 weeks ago with investment of around £2800 first couple of weeks went well and account balance grew to just over £6000, I then withdrew £1600. I had around 15 trades open which all where in negatives and were eating into my equity as my free cash got lower and lower the broker closed the trades I lost around £4400. I decided to start again with £200 investment again things were okay for a couple of days and again the trades turned to negatives I have also everything again.
I am taking a couple of days break and will start again.
What are your strategies and trade plans?
Any advice would be much appreciated.
(original post by king786)
I started about 6 weeks ago with investment of around £2800 first couple of weeks went well and account balance grew to just over £6000, I then withdrew £1600. I had around 15 trades open which all where in negatives and were eating into my equity as my free cash got lower and lower the broker closed the trades I lost around £4400. I decided to start again with £200 investment again things were okay for a couple of days and again the trades turned to negatives I have also everything again.
I am taking a couple of days break and will start again.
What are your strategies and trade plans?
Any advice would be much appreciated.
Biggest advice i can give you, forex is a negative sum game, like poker, but unlike poker, your skill doesnt determine your results.
Stay away from forex, or risk losing your bankroll,
(original post by rickfloss)
biggest advice i can give you, forex is a negative sum game, like poker, but unlike poker, your skill doesnt determine your results.
Stay away from forex, or risk losing your bankroll,
If you want to make £10-£20,000 a year tax free, read my threads
What threads are you talking about? I am not wanting to get into making money from casinos.
(original post by king786)
what threads are you talking about? I am not wanting to get into making money from casinos.
(original post by king786)
I started about 6 weeks ago with investment of around £2800 first couple of weeks went well and account balance grew to just over £6000, I then withdrew £1600. I had around 15 trades open which all where in negatives and were eating into my equity as my free cash got lower and lower the broker closed the trades I lost around £4400. I decided to start again with £200 investment again things were okay for a couple of days and again the trades turned to negatives I have also everything again.
I am taking a couple of days break and will start again.
What are your strategies and trade plans?
Any advice would be much appreciated.
Support and resistance. I don't really share stuff but here is a trade http://i.Imgur.Com/iljwsyz.Png and less than 1 hour trade
(original post by ronmack)
charts bro charts bro
Support and resistance. I don't really share stuff but here is a trade http://i.Imgur.Com/iljwsyz.Png and less than 1 hour trade
You could be right 95% of times, casino is about luck here it's about technical analysis
Come on bro share your ideas and the key to your success as why create a thread and then not share your ideas and your successful trading strategy.
Come on share your knowledge!
(original post by king786)
come on bro share your ideas and the key to your success as why create a thread and then not share your ideas and your successful trading strategy.
Come on share your knowledge!
What support and resistance do you use?
I don't actually have a strategy or trading plan, I was just analysing data from my broker and the investing.Com website. That's why I wanting to know what your strategy and trading plan is. Or have a strategy of what you use.
I guess the reason I risked more money was because I was doing so well and my account balance had nearly trippled and I did not really think of the implications of what would have happen if I lose all my money something I realised too late.
What indicators and sources of information do use?
I use a indicator called marketscalper PRO and tradebuilder, it's alright nothing great. How could you trust some site with your money. This is just beyond me. Those analysis they do on investing.Com is wrong most of the time. The other indicator I use is allmacd.
(original post by king786)
what support and resistance do you use?
I don't actually have a strategy or trading plan, I was just analysing data from my broker and the investing.Com website. That's why I wanting to know what your strategy and trading plan is. Or have a strategy of what you use.
I guess the reason I risked more money was because I was doing so well and my account balance had nearly trippled and I did not really think of the implications of what would have happen if I lose all my money something I realised too late.
What indicators and sources of information do use?
Tomorrow will be US unemployment results http://www.Forexfactory.Com/calendar.Php and sources are saying it will fall to 6.4 percent. You can put a buy option on EURUSD OR sell option on USDCHF. Again do your own research as well.
If the results are coming 8:30 eastern time, you could put your option at 8:15 or something like that
Fxdailyreport.Com
There is no doubt about the fact that a forex forum is the best way to interact with other like minded traders who are striving to achieve success. If you have visited a forex forum, you would have observed that you can interact with a wide range of traders and get to know of the techniques they employ to generate more profits. The reason as to why forex forums are helpful is that they provide you with an opportunity to connect with fellow traders that are experiencing difficulties and worries that you yourself are going through.
Here are some of the key benefits offered by a forex trading forum:
You can learn from some of the experienced and successful forex traders
You will be able to get a clear understanding of the forex trading systems
You will always find someone on the forum who speaks frankly about a newly introduced forex trading software which the person created or they came across somewhere else. Either way you get to know about new ways of trading and how such systems work. You can then put them to use and benefit from them. The greatest advantage of learning from experienced traders is that you never have to experiment and waste your hard earned money.
You can also use the forum to get feedback on your trading system/strategy from experts
If you have developed a new trading system or conceived a new strategy, a forex forum is the best place to obtain some feedback on the system or strategy. Expert or experienced traders would share their experience with the system or the usefulness of the strategy conceived by you. This is will help you to incorporate changes or improvements to your system or strategy.
You will stay updated on what others are doing in the forex world
Being a member of a forex forum would help you to a get an idea as to what others in the field are doing or at least thinking in terms of doing. The idea is not to make you to adopt whatever you learn, but to see for yourself if you are consistent with other forex traders.
You can catch up on the rumors doing the rounds
Rumors that do the rounds have an impact on the performance of the market, even if they turn out to be false. Generally, rumors do not originate from the forums, but often end up there. If you visit a forum frequently, you will be able to catch up on the rumors that you happen miss out.
Forex forum provides you with an opportunity for social interaction
In reality, the key benefit offered by a forex forum is connecting and socializing with fellow traders. Forex trading could turn out to be a secluded activity. Every trader looks forward to some kind of social interaction once in a while. A forex forum presents traders with an ideal spot for social interaction.
Here are a few of the top forex forums:
Forex factory website was launched in the year 2004 and it is designed to provide information to help traders succeed in the forex market. According to alexa, it is currently the most viewed forex-related website. Forex factory launched its forum also along with the website in the same year. Traders from countries around the world interact on their forum, share ideas, teach, learn, debate and swap war stories. Astute members provide support to the forum and follow a moderation philosophy that puts trading above everything else.
Other features and products offered by forex factory include economic calendar (launched in september 2005) with impact ratings; news section (launched in july 2007); market section (launched in september 2009) consisting of scanner, sessions and chart; trade explorer (launched in february 2011) an interface that allows traders to analyze their performance; and trades (launched in december 2011) that aggregates the real-time trading activity of members who use the trade explorer; and brokers (launched in may 2012) an advanced guide to research regulated forex brokers.
- Dailyfx forum >> http://www.Dailyfxforum.Com
Dailyfx forum is available in english, french, german and italian, japanese, swedish and spanish, among others. It is certainly one of the most active forums. There are about 24 sub-forums under categories like education and analyst research, traders lounge, trade the markets with our analysts, forex education, FXCM account support and trading platforms and automated trading.
- MT5 forum >> http://forum.Mt5.Com
This is the forum for the users of the most popular currency trading platform metatrader. It offers users a chance to benefit from the combined expertise of the community members, centering around this platform. Despite the fact that it is a forum for users of the MT5 platform, discussions related to the more popular MT4 or metatrader 4 and in general about forex trading are also encouraged.
- Forex TSD forum >> https://www.Forex-tsd.Com
Instead of displaying the categories on their home page, the forum puts all of the latest as well as the busiest discussions with links to the sub-forums. This is very helpful because it brings down the risk of traders posting question in wrong sections and missing out on the feedback from the right people. The main strength of the forex TSD forum is that it covers a number of niche areas, with the sections on MT4 and harmonic trading being the biggest.
Fxdailyreport.Com
There is no doubt about the fact that a forex forum is the best way to interact with other like minded traders who are striving to achieve success. If you have visited a forex forum, you would have observed that you can interact with a wide range of traders and get to know of the techniques they employ to generate more profits. The reason as to why forex forums are helpful is that they provide you with an opportunity to connect with fellow traders that are experiencing difficulties and worries that you yourself are going through.
Here are some of the key benefits offered by a forex trading forum:
You can learn from some of the experienced and successful forex traders
You will be able to get a clear understanding of the forex trading systems
You will always find someone on the forum who speaks frankly about a newly introduced forex trading software which the person created or they came across somewhere else. Either way you get to know about new ways of trading and how such systems work. You can then put them to use and benefit from them. The greatest advantage of learning from experienced traders is that you never have to experiment and waste your hard earned money.
You can also use the forum to get feedback on your trading system/strategy from experts
If you have developed a new trading system or conceived a new strategy, a forex forum is the best place to obtain some feedback on the system or strategy. Expert or experienced traders would share their experience with the system or the usefulness of the strategy conceived by you. This is will help you to incorporate changes or improvements to your system or strategy.
You will stay updated on what others are doing in the forex world
Being a member of a forex forum would help you to a get an idea as to what others in the field are doing or at least thinking in terms of doing. The idea is not to make you to adopt whatever you learn, but to see for yourself if you are consistent with other forex traders.
You can catch up on the rumors doing the rounds
Rumors that do the rounds have an impact on the performance of the market, even if they turn out to be false. Generally, rumors do not originate from the forums, but often end up there. If you visit a forum frequently, you will be able to catch up on the rumors that you happen miss out.
Forex forum provides you with an opportunity for social interaction
In reality, the key benefit offered by a forex forum is connecting and socializing with fellow traders. Forex trading could turn out to be a secluded activity. Every trader looks forward to some kind of social interaction once in a while. A forex forum presents traders with an ideal spot for social interaction.
Here are a few of the top forex forums:
Forex factory website was launched in the year 2004 and it is designed to provide information to help traders succeed in the forex market. According to alexa, it is currently the most viewed forex-related website. Forex factory launched its forum also along with the website in the same year. Traders from countries around the world interact on their forum, share ideas, teach, learn, debate and swap war stories. Astute members provide support to the forum and follow a moderation philosophy that puts trading above everything else.
Other features and products offered by forex factory include economic calendar (launched in september 2005) with impact ratings; news section (launched in july 2007); market section (launched in september 2009) consisting of scanner, sessions and chart; trade explorer (launched in february 2011) an interface that allows traders to analyze their performance; and trades (launched in december 2011) that aggregates the real-time trading activity of members who use the trade explorer; and brokers (launched in may 2012) an advanced guide to research regulated forex brokers.
- Dailyfx forum >> http://www.Dailyfxforum.Com
Dailyfx forum is available in english, french, german and italian, japanese, swedish and spanish, among others. It is certainly one of the most active forums. There are about 24 sub-forums under categories like education and analyst research, traders lounge, trade the markets with our analysts, forex education, FXCM account support and trading platforms and automated trading.
- MT5 forum >> http://forum.Mt5.Com
This is the forum for the users of the most popular currency trading platform metatrader. It offers users a chance to benefit from the combined expertise of the community members, centering around this platform. Despite the fact that it is a forum for users of the MT5 platform, discussions related to the more popular MT4 or metatrader 4 and in general about forex trading are also encouraged.
- Forex TSD forum >> https://www.Forex-tsd.Com
Instead of displaying the categories on their home page, the forum puts all of the latest as well as the busiest discussions with links to the sub-forums. This is very helpful because it brings down the risk of traders posting question in wrong sections and missing out on the feedback from the right people. The main strength of the forex TSD forum is that it covers a number of niche areas, with the sections on MT4 and harmonic trading being the biggest.
Forex forum uk
Mkt
dc CB 15:46 GMT 01/24/2021
go big. $183billion on the block from the biden treasury (gammy's shop?). First test for them in the globalmarket.
2, 5, 7s,-- M, T, W.-- 60, 61, 62bln.
Imagine yourself sitting on the beach sipping a cold drink, turning on your automated trading algo, and watching the profits roll in. Well, dream on. There is no free lunch in the trading business. I wish there was but such is not in the cards. To prove my point, I have done some research that I will share with you.
Mkt
dc CB 01:34 GMT 01/24/2021
keystone pipeline killed.
Sorry justin. They told me to sign it, what else could I do.
Speculation---alberta crude , destined for an easy downhill ride to the gulf coast refineries. The ones that can handle that sludge.
Oh where oh what----pipelined(?) it to BC(british columbia the western-most province on the pacific) and ship it to china---.
Grains
dc CB 23:37 GMT 01/23/2021
'black friday. '
Mar 21 soybeans closed at $13.11 3/4, down 58 1/2 cents
mar 21 soybean meal closed at $421.60, down $16.60
mar 21 soybean oil closed at $42.27, down $1.16
Mar 21 corn closed at $5.00 1/2, down 23 3/4 cents
Mar 21 CBOT wheat closed at $6.34 1/2, down 26 1/4 cents
mar 21 KCBT wheat closed at $6.13 1/4, down 22 1/2 cents,
TREND is irony
dc CB 23:03 GMT 01/23/2021
A new report from appraiser miller samuel inc. And douglas elliman real estate said 317 single-family homes were listed in the tiny town, located in southwestern fairfield county, at the end of december.
A shortage of greenwich homes prompted a fierce bidding war among buyers who were willing to pay at least 14% above the seller's asking price, compared with 2.6% in 2019.
ECB LAGARDE PONZI MAFIA
PAR 15:19 GMT 01/23/2021
ECB to review format of private calls by chief economist to investors.
ECB needs to be audited. With a Ђ 7 trillion balance sheet even as little fraud, favouritism or just plain errors amount to Ђ 350 billion.
Lagarde was already convicted in france for negligence and inattention, with the amounts now involved it is just plain unbelievable that neither the european parliament nor the european commission supervise lagarde and let her do as she pleases.
BIDEN
haifa ac 09:04 GMT 01/23/2021 - my profile
now that he be gone== he has become begonia
Most begonias are easily propagated by division or from stem cuttings.
Have you noticed the sharp decline of network invectives the moment he be gone?!
Hunger in america
los angeles 08:42 GMT 01/23/2021
well, every country has its own problems but the real question here is "how does our government deal with them?"
TREND is irony
dc CB 22:02 GMT 01/22/2021
it was already evident that alexandria ocasio-cortez's harrowing tales of the jan. 6 capitol hill riot are being dramatically expanded as time goes on.
A week ago she said, for example: "I can tell you that I had a very close encounter where I thought I was going to die." she said in a media interview that 'security reasons' prevented her from offering details of her ordeal: "I did not know if I was going to make it to the end of that day alive."
But now her 'martyrdom' complex appears to have entered a new realm. She skipped biden's inauguration as she felt 'threatened' by her republican congressional peers, according to her latest commentary. When asked about her noticeable absence on CNN's cuomo prime time on thursday, AOC responded: "I think we also had very real security concerns," and added, "we still don’t yet feel safe around other members of congress."
A somewhat incredulous (or perhaps just milking the drama. ) chris cuomo asked, "you really think colleagues of yours in congress may do you dirty?"
"yeah, well, one just tried to bring a gun on the floor of the house today," ocasio-cortez offered as a rationale.
Cuomo followed with: "you think they’re bringing it in because they want to protect all of you from insurrectionists like we saw a couple weeks ago, or do you think there really is a chance that you may be the enemy?"
____________________________________________________
the new-age of the internet influencer:
No matter what the rewrite is ---AOC grew up in westchester county NY, went to school in yorktown and then on to boston U. And she seems to be now afraid of . Just what exactly? People with similar backgrounds who also went into politics as an easy way to make a few quick million without really doing anything productive. As a start>
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Best day trading forums
By galen woods in trading articles on november 25, 2013
Day trading forums are excellent sources of information if you know which forums to go to and where to look.
Trading setups review checked out the best day trading forums to see what they have to offer.
[updated on 21 september 2017]
Forums with the most day traders
Forums thrive on its participants. More day traders create more resources. The following forums are the largest, and hence possibly the best, forums for day traders.
Elite trader
Elite trader is a massive forum for active traders including many day traders. The topics range from day trading journals and systems to bitcoin trading.
However, with that many participants, it is inevitable you need more effort to separate the wheat from the chaff. And frankly, there is more chaff than wheat in elite trader. But look carefully, and you will find the gems among them.
These gems include the jjrvat scalp trade setup. To this day, it remains as one of the most viewed thread on the forum. Another popular day trading discussion on elite trader revolves around the trading method of anekdoten.
Futures.Io
Futures.Io (formerly known as big mike trading forum) is high-quality futures trading forum due to its active moderation.
Trolls are banned without hesitation. Discussions are kept on topic and consolidated to avoid multiple threads on the same subject.
The contributors are committed and helpful. Moreover, there is a large community of day traders in futures.Io.
However, only elite members can get access to the best content in the forum. Elite membership costs $100 for lifetime access. The membership offers some perks and discounts with certain trading vendors. To find out more about what the elite membership offers, register first as an ordinary member.
Traders laboratory
Traders laboratory is another forum with many day traders and a section devoted to “day trading and scalping”.
In particular, there are active discussions, and valuable resources on volume spread analysis and the trading methods of richard wyckoff. If you are interested in using volume analysis in your day trading, this forum is indispensable.
Trade2win (T2W)
T2W is a trading forum managed by a team of four which consists of three traders and a community manager. Having a team that understands trading does help to improve the quality of discussion. (similar to futures.Io)
The “indices” and “forex” sections are the two most active sections on T2W. As indices and forex are common instruments used by day traders, these sections are a decent platform for day trading discussion. Due to the many UK traders who are active in T2W, you can find UK-focused day trading discussions like “anyone scalping the FTSE futures?“.
To start browsing through T2W, you can start with captain currency and mr. Charts, alias of two popular contributors.
Forex factory
The forum at forex factory is extremely active and useful for forex traders. The two sections with the most number of posts are “interactive trading” and “trading systems”.
In “interactive trading”, traders share their trades by posting charts and explaining them. Other traders would offer their opinion or ask questions about the trade. It is an excellent platform to learn from the trades of other day traders.
The “trading systems” section has one of the largest collection of user-contributed trading systems, from those based on proprietary indicators to those using simple price action. Even for non-forex traders, the trading systems section is a valuable source of ideas for day trading systems.
Day trading vendor forums
Many day trading brokers and trading product vendors offer their forums. These forums are primarily useful for finding solutions to vendor-specific issues. They also provide an insight into the level of support you can expect. The following is a list of such broker/vendor day trading forums.
| Broker/vendor | what to expect |
|---|---|
| oanda | one of the longest-standing forex forum offered by an established forex broker used by many day traders. |
| Fxopen | another forex broker with an international presence. The forums are relatively active with country-specific forums for active traders. |
| Optimus futures | A support forum geared at helping day traders of this futures broker. |
| Ninjatrader | ninjatrader is another popular day trading platform. Its support forum is fairly active, and the queries are usually addressed promptly. |
| Indicator warehouse | A provider of day trading indicators and systems for the ninjatrader software. The forum is not very active but worth checking out if you are considering a purchase. (forum not available as at 14 july 2015.) |
| thestrategylab | A vendor specializing in price action strategies. Its founder, M. A. Perry (wrbtrader), who is also active on the larger forums mentioned above, dominates the forum. |
Local forums on day trading
Local forums often have threads discussing day trading or trading in general. These forums provide valuable information, especially for traders outside US and UK. These forums are useful for finding information on local markets, taxes, and brokers.
| Country | day trading forums |
|---|---|
| singapore | the singapore jobs market forum has a section for forex trading / day trading. |
| Australia | aussie stock forums and topstocks forum are the perfect platforms for discussing active trading of australian stocks. |
| Pakistan | the pakistan forex forum has nearly 6,000 traders discussing in both english and urdu. |
| India | E-investing india is an online community with discussions on day trading. |
| France | andlil is an active trading forum in french with a section on day trading and scalping |
Niche day trading forums
Some niche topics in day trading include bitcoin day trading and day trading computer setup.
For adventurous traders who day trade the digital currency, bitcoin, it is necessary to keep tabs on the bitcoin discussions over at bitcointalk.
If you need some serious help with setting up your spaceship terminal for day trading, you can find some hardware experts in the forum at tom’s hardware.
The rest of the day trading universe
Other than the forums listed above, there are dozens of small day trading forums out there. These forums are small but are not without value.
However, to check them out one by one is not a good use of time.
To help you find the relevant day trading discussions, trading setups review has a customized search engine that uses google’s superb algorithm to scour through 27 day trading forums, including the five top ones reviewed above and 22 smaller forums.
Image credit: muhammad rafizeldi (mrafizeldi) (own work) [CC-BY-SA-3.0], via wikimedia commons
The 11 best forex websites
Updated 24 january 2021
In this article skip to section
Trading on the foreign exchange market, or forex trading as it is more commonly referred to, takes a considerable amount of skill and knowledge.
For beginner traders, there’s a lot to learn, from basic concepts to trading strategies, risk management and platform familiarisation.
Once you’ve built the confidence to begin trading, you’ll then need to stay on top of market trends, economic news and global events that may impact the market. You’ll also want to continually improve your trading skills, learning how to successfully execute increasingly profitable trades.
Thankfully, there is a huge amount of information available online and it is relatively easy for beginner and experienced traders alike to find all they need to know with a little bit of research.
You’ll want to be sure that the sources you turn to are legitimate and trustworthy. Whether you’re looking for news, technical analysis, strategy guidance or educational resources, it’s vital that the sites you use are reputable.
To help you get started, here is our list of 11 of the best forex websites available.
11 best websites to learn forex trading
The following top forex trading websites include those providing news, education, analysis and trading tools. For a successful trading career, it’s best to use several in conjunction with one another.
1. Etoro trading school
Best for: multi market overview
The one day etoro trading school course covers multiple trading areas including forex, cryptocurrency and stocks.
In-person education is delivered by henry ward, a professional trader with over 10 years’ experience under his belt.
Though the course claims to be suitable for traders of all levels, the content is well suited to beginner traders, or those looking to learn more before dipping their toes into the water.
You’ll have an introduction to the financial markets, learn essential key terms and what they represent, and walk through the fundamental principles of trading.
Perhaps the most useful element of the course for beginners is the introduction of trading personalities. This should help you identify what type of trader you are and determine the most appropriate styles to suit.
In addition to the classroom-based course, held in london’s canary wharf, there’s also a library of webinars and podcasts for those interested in distance learning.
2. FOREX.Com
Best for: metatrader training
FOREX.Com is a leading UK forex broker that offers a comprehensive library of educational content. As a broker regulated by the financial conduct authority, you can be sure that the guidance provided by FOREX.Com is trustworthy and from a reputable source.
All of the educational materials are free, you do not have to open a trading account with forex.Com to access them.
- Technical analysis
- Trading strategies and concepts
- Managing risk
Resources are separated into the three levels of beginner, intermediate and advanced.
Forex.Com also offers training on trading platforms. This includes its proprietary platform, but perhaps of more value, it also provides several tutorials on the use of the metatrader suite.
As many forex brokers provide this platform, learning how to use it to full effect is well worth your time.
3. Babypips
Best for: beginner education
The first on our list of best forex websites is babypips, a user-friendly site with an easy to navigate layout and a range of tools and features ideal for those new to the world of forex trading.
It posts regular news updates and feature articles in areas such as:
- Technical analysis
- Trade ideas
- Trading psychology
However, it’s through its educational content that babypips really shines.
Its school of pipsology takes a light-hearted approach to what is essentially a highly complex topic. Lesson articles are separated into 11 courses, beginning at pre-school level through to graduation, and are supported with online quizzes and a comprehensive glossary of terms.
There are also several free to use tools, like its position size calculator and gain and loss percentage calculator, designed to help beginner traders mitigate risk and assess the profitability of their trades.
Signing up for an account is free and you can also exchange tips and ideas with fellow traders through its various forums, making babypips perhaps the best website for forex education for beginners.
4. Bloomberg
Best for: financial news and analysis
Bloomberg is the customer-facing website of the international news agency, bloomberg news. It covers just about everything you need to know about events in finance, business and trading.
With stories updated as they unfold from around the globe, it is probably the best website for forex news, as well as providing markets trends, analysis and currency data.
Users are permitted free access to a limited number of articles each month. To get the most from bloomberg’s services, you’ll probably want to consider signing up for either its digital or all-access subscription, which can be paid for monthly or annually. These come with additional benefits including the open and close, bloomberg’s daily newsletter for traders.
5. Dailyfx
Best for: forex calendars
Dailyfx is a free to use website powered by UK-based brokerage, IG. As you would expect from a broker-run site, it provides live market data for major currency pairs, with both simple view and detailed view charts for in-depth technical analysis.
The site provides regularly updated financial news, which is easily filtered by market. You’ll find several articles per day posted under the forex news tab. This is complemented by a separate real-time news feed that pulls in breaking information from accredited sources.
There are plenty of educational resources in dailyfx’s forex university, with courses offered at beginner, intermediate, advanced and expert level. You can also take advantage of its daily live webinars.
There are several useful trading tools including pivot point and trader sentiment charts, but perhaps the most useful tools are the economic and central banks calendars. These provide clear details of upcoming global events and future meetings of each country’s central bank respectively, allowing you to make informed predictions on potential market movement and adjust your positions accordingly.
6. Forexfactory
Best for: forex forums
This entry in our list of best forex websites is more geared towards the professional trader and, as its name would suggest, focuses solely on the foreign exchange market.
Information is easily accessible under six simple tabs. Some key ones are:
- The ‘brokers’ tab offers an overview of several forex brokers, including their real-time spreads
- The ‘market’ tab provides a live scanner and customisable forex charts
- A detailed economic calendar sits under the ‘calendar’ tab
Although not comparable with some of our other best forex websites, there’s also a fairly comprehensive news feed.
Forex factory’s best features are probably found under its ‘trades’ and ‘forums’ tabs. The former allows you to see live trades being placed by others in the market, with the latter hosting a wide range of active discussions.
You can use forex factory for free, but you will need to register for an account to take part in its forum threads.
7. Fxstreet
Best for: good all-rounder
A highly popular source of information in the trading community, fxstreet is a good all-round site providing everything you’d expect to find on one of the top forex trading websites.
News, analysis and a range of forex charts are available including live charts, a forecast poll and rates table. Fxstreet’s chart station allows you to track four charts on one page for detailed and comparative analysis.
A lot of fxstreet’s resources and tools are free to use, including its trading signals service, although signal notifications are limited per month and subject to a 15-minute delay.
To make the most of this feature and get access to all signals in real-time, you’ll need to upgrade to fxstreet premium for a monthly fee. This will also give you access to its trading institute, which hosts four live forex webinars per week.
8. Investing.Com
Best for: free trading tools
This free-to-use website provides a wealth of useful trading information and resources including:
- News
- Analysis
- Real-time data
- Educational material
Investing.Com prides itself on catering to beginner traders, with premium features free of charge. Although a US-based website, it provides a localised service.
Investing.Com is also one of the best forex websites when it comes to free tools. Of particular note are its forex volatility and forex correlation calculators. These allow novice traders to get to grips with both the historic volatility and correlation data of a wide range of currency pairs, enabling them to make better-informed trading decisions.
9. Investopedia
Best for: mid-level education and interactive learning
Next on our list of best forex websites is investopedia, a comprehensive resource providing:
- Market news
- Trend analysis
- Trading education
Investopedia has an exceptionally clean layout that is easy to navigate and user-friendly. Its news updates are separated under category tabs including ‘company’, ‘markets’, ‘trading’ and ‘political news’, though its coverage does not compare with the more dedicated news sites like bloomberg.
You’ll find a multitude of educational articles that cover everything from basic terminology to professional trading strategies. These are well structured and informative, but perhaps a little more complex than the educational content found on babypips.
For more in-depth and interactive learning, the investopedia academy is a valuable resource. Courses are available for all levels of experience, each consisting of over 30 individual on-demand video lessons and supporting materials like quizzes and practice exercises. Whilst its onsite articles are free to access, the investopedia academy is a paid-for service.
10. Tradingview
Best for: forex charting
Tradingview is one of the top forex trading websites for charting and social networking. Through cloud-based software, traders of all levels of experience can easily research and track the market with customisable charts set up for specific alerts and indicators.
There are four plans available:
- Basic
- Pro
- Pro+
- Premium
The basic account is free but relatively limited. If you’re new to trading and want to practice charting currency pairs, then the basic account may work for you.
However, to take full advantage of tradingview’s charting software and active social community, you’ll need to upgrade to one of the paid plans. These do all come with a free trial, so you can try them out before making a long-term commitment.
11. Udemy
Best for: on-demand learning
Unlike the other forex websites in this list, udemy is not specifically designed for trading education or information. Rather, it is a global online learning platform that hosts a multitude of courses in almost every subject imaginable.
That said, it has an extensive range of resources for those looking to learn about trading on the foreign exchange market. A simple search for forex brings up over 2,000 courses, from introductory overviews to expert level lectures.
Whilst there are some free-to-access courses, most are paid-for lectures. Prices vary greatly and some can be quite steep, but you’ll often find price promotions that offer a significant discount. Courses are taken through on-demand video and most feature additional resources such as supporting articles or assignments.
Under each course heading, you’ll find an overview of what you’ll learn, a breakdown of each lecture and details on the course instructor. You’ll also see a course star rating and be able to read informative feedback from previous students.
Final thoughts
There are so many websites for forex news and education that it can be difficult to know which ones you can trust, and which ones are best avoided. Hopefully, the above list has provided you with a variety of reputable sources with which to start or progress your forex trading journey.
As mentioned, it’s best to use several of these sites to ensure you’re covering all the basics when it comes to learning about forex trading.
For beginners, it’s advisable to start with basic educational content before moving on to market research and using trading tools. That way, you’ll fully understand how what you’re reading and the tools your using can help you make better-informed trading decisions.
Wikijob does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.
25 best UK forex brokers for 2021
The forexbrokers.Com annual forex broker review (five years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. How we test.
Trading forex (currencies) in the united kingdom (UK) is popular among residents. Before any fx broker can accept UK forex and CFD traders as clients, they must become authorised by the financial conduct authority (FCA), which is the financial regulatory body in the UK. The FCA's website is FCA.Org.Uk. We recommend UK residents also follow the FCA on twitter, @thefca.
The FCA was formed out of the financial services act of 2012, effectively replacing its predecessor, the financial services authority (FSA). For a historical breakdown, here's a link to financial conduct authority webpage on wikipedia.
Best UK forex brokers for 2021
To find the best forex brokers in the UK, we created a list of all FCA authorised brokers, then ranked brokers by their trust score. Here is our list of the top UK forex brokers.
- IG - best overall broker 2021, most trusted
- Saxo bank - best for research, trusted global brand
- CMC markets - best web platform, most currency pairs
- Interactive brokers - great for professionals and institutions
- City index - excellent all-round offering
- XTB - best customer service, great trading platform
- FOREX.Com - great all-round offering
- Etoro - best copy trading platform
Best forex brokers UK comparison
Compare UK authorised forex and cfds brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's forexbrokers.Com trust score.
| Forex broker | accepts GB residents | authorised or regulated by the FCA | average spread EUR/USD - standard | minimum initial deposit | trust score | overall | visit site |
|---|---|---|---|---|---|---|---|
| IG | yes | yes | 0.745 | £250.00 | 99 | 5 stars | visit site |
| saxo bank | yes | yes | 0.800 | $10,000.00 | 99 | 5 stars | N/A |
| CMC markets | yes | yes | 0.740 | $0.00 | 99 | 5 stars | N/A |
| interactive brokers | yes | yes | N/A | $0 | 94 | 4.5 stars | N/A |
| city index | yes | yes | 1.100 | £50.00 | 93 | 4.5 stars | N/A |
| XTB | yes | yes | 0.860 | $0.00 | 92 | 4.5 stars | N/A |
| FOREX.Com | yes | yes | 1.400 | $100.00 | 93 | 4.5 stars | visit site |
| etoro | yes | yes | 1.00 | $200 | 91 | 4 stars | N/A |
| swissquote | yes | yes | N/A | $1000.00 | 99 | 4 stars | N/A |
| FXCM | yes | yes | 1.400 | £300 | 92 | 4 stars | N/A |
| avatrade | yes | 0.910 | $100.00 | 93 | 4 stars | N/A | |
| FP markets | yes | 1.140 | $100 AUD | 81 | 4 stars | N/A | |
| plus500 | yes | yes | 0.600 | €100 | 98 | 4 stars | N/A |
| pepperstone | yes | yes | 1.160 | $200.00 | 90 | 4 stars | N/A |
| IC markets | yes | 0.800 | $200 | 83 | 4 stars | N/A | |
| tickmill | yes | yes | 0.530 | $100.00 | 81 | 4 stars | N/A |
| fxpro | yes | yes | 1.510 | $100.00 | 89 | 4 stars | N/A |
| vantage FX | yes | yes | 1.350 | $200 | 79 | 3.5 stars | N/A |
| moneta markets | yes | yes | 1.300 | $200.00 | 79 | 3.5 stars | N/A |
| HYCM | yes | yes | 2.00 | $100 | 84 | 3.5 stars | N/A |
| eightcap | yes | $100 | 69 | 3.5 stars | N/A | ||
| VT markets | yes | 1.30 | $200 | 79 | 3.5 stars | N/A | |
| blackbull markets | yes | 0.76 | $200 | 70 | 3.5 stars | N/A | |
| octafx | yes | 1.100 | $5 | 59 | 3.5 stars | N/A | |
| hotforex | yes | yes | 1.20 | $50 | 83 | 4 stars | N/A |
| easymarkets | yes | 0.900 | $100.00 | 81 | 3.5 stars | N/A |
How to verfiy FCA authorisation
To identify if a forex broker is licensed to operate in the united kingdom (UK), the first step is to identify the register number from the disclosure text at the bottom of the broker's UK homepage. For example, here's the key disclosure text from IG's website,
Both IG markets ltd (register number 195355) and IG index ltd (register number 114059) are authorised and regulated by the financial conduct authority."
Next, look up the firm on the FCA website to validate the register number is, in fact, legitimate. Here is the official FCA page for IG markets limited.
Summary
To recap, here are the best UK online forex brokers.
More forex guides
Methodology
For our 2021 forex broker review we assessed, rated, and ranked 27 international forex brokers. Each broker was graded on 108 different variables and, in total, over 50,000 words of research were produced.
While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.
All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors quality data they can trust. Learn more about how we test.
Forex risk disclaimer
"there is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." learn more.
About the author: steven hatzakis steven hatzakis is the global director of research for forexbrokers.Com. Steven previously served as an editor for finance magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.
Trading cfds, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading cfds with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how cfds, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The forexbrokers.Com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
The names, products, services, branding/logos, and other trademarks or images featured or cited within this website (www.Forexbrokers.Com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with forexbrokers.Com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses forexbrokers.Com or any of its reviews, products, or services. Forexbrokers.Com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.
IG - 76% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you can afford to take the high risk of losing your money.
OANDA - cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.
Plus500uk ltd is authorised and regulated by the financial conduct authority (FRN 509909).
Advertiser disclosure: forexbrokers.Com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. How do we make money? Our partners compensate us through paid advertising. While partners may pay to provide offers or be featured, e.G. Exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Here is a list of our partners.
Disclaimer: it is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While forexbrokers.Com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by forexbrokers.Com, nor shall it bias our reviews, analysis, and opinions. Please see our general disclaimers for more information.
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All rights reserved.
Forex brokers in UK
While the forex market is an international decentralized entity where trading operations are mainly processed online, it can be a good idea to deal with a broker that is based in or at least has some offices in the country of your residence. Forex brokers presented here have offices in the united kingdom (london or elsewhere) and may offer local contact information and support. Additionally, UK forex brokers are often able to provide the security of being under regulation of the financial conduct authority (FCA), which includes participation in the financial services compensation scheme. This feature makes the UK-based FX brokers attractive even to the citizens of other countries. FX companies based in the united kingdom also normally offer possibility of spread betting in addition to traditional spot forex trading. You will find 81 brokers listed in the table below.
Not all FX brokerage companies working from the great britain are regulated by the FCA. Some are operating via offshore entities — this has its own advantages and disadvantages, but make sure you are opening a trading account with UK-regulated company when dealing with one of the UK brokers listed below.
- Metatrader 4
- Metatrader 5
- Mobile trading platform
- Web trading
- Metatrader 4
- Metatrader 5
- Ctrader
- Webtrader
- R trader
The following reasons should be considered when deciding to open a live account with one of the UK-based forex brokers:
- You live in the united kingdom and wish to benefit from tax-free spread betting.
- You firmly believe in the regulatory power of the british financial conduct authority.
- You trust the reputation and expertise of brokers from the world's financial capital.
- You want to benefit from the security of the financial services compensation scheme.
Forex trading bears intrinsic risks of loss. You must understand that forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.
Cfds are leveraged products and as such loses may be more than the initial invested capital. Trading in cfds carry a high level of risk thus may not be appropriate for all investors.
So, let's see, what we have: forex forum not what you're looking for? Try… I have started trading recently and have had a mixed experience so far. Hows your experience being? (original post by at forex forum uk
Contents of the article
- Top forex bonuses
- Forex forum
- Fxdailyreport.Com
- Here are a few of the top forex forums:
- Fxdailyreport.Com
- Here are a few of the top forex forums:
- Forex forum uk
- Trade major US tech stocks this earnings season
- Why are traders choosing FOREX.Com?
- Financial strength you can depend on
- Leverage our experts
- Ready to learn about forex?
- New trader?
- Have some experience?
- Want to go deep on strategy?
- Open an account in as little as 5 minutes
- Try a demo account
- Best day trading forums
- Forums with the most day traders
- Day trading vendor forums
- Local forums on day trading
- Niche day trading forums
- The rest of the day trading universe
- The 11 best forex websites
- 11 best websites to learn forex trading
- 1. Etoro trading school
- 2. FOREX.Com
- 3. Babypips
- 4. Bloomberg
- 5. Dailyfx
- 6. Forexfactory
- 7. Fxstreet
- 8. Investing.Com
- 9. Investopedia
- 10. Tradingview
- 11. Udemy
- Final thoughts
- 25 best UK forex brokers for 2021
- Best UK forex brokers for 2021
- Best forex brokers UK comparison
- How to verfiy FCA authorisation
- Summary
- More forex guides
- Methodology
- Forex risk disclaimer
- Forex brokers in UK
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