8 of the best fx trading
Foreign exchange trading is now so widespread that there are a plethora of blogs sites devoted to the subject. For newcomers to FX trading, these sites can often provide real insights into the business, including many pearls of wisdom from experts which might otherwise be missed out on. Even for experienced professional traders – with years of trading behind them – blogs can be a valuable resource for either developing new strategies or for obtaining up-to-minute information. Whether you are looking for the latest trends in foreign exchange trading or just some new angles which will help you to look at things in a novel way, these are among the best FX trading blogs that we know of:
- Forex Crunch – Offering weekly forecasts along with daily outlooks and news, forexcrunch.com is a great blog site which provides its readers an all-round view of FX trading. As well as forex analysis posts, expect blog entries that range from tutorials aimed at new and intermediate level traders to opinion posts. One of the best things about Forex Crunch is that not all of the information that it gives out is delivered in a dry manner. Indeed, many of the blog entries rely on humour to make that that much more readable and entertaining. Founded in 2008, this site is ideal for nearly all types of FX traders, whether they do a little bit of trading at home or are at a professional level of trading.
- Action Forex – Providing plenty of market insights, actionforex.com is for traders who need some knowledge acquisition to help them reach further with their analysis and get better at trading. With plenty of analysis – and particularly strong in the area of central banks – Action Forex also has two regular blog strands entirely devoted to trade ideas. If you think that your trading is become a little repetitive and overly cautious, then using this site for developing a more innovative style may well be for you. Check out their useful daily technical reports or long term forecasts as a good starting point for discovering what this blog site is all about.
- Top Forex News – The up-to-minute bulletins at topforexnews.com are what makes this site worth considering as part of your daily intake. You can keep up to date with lots of news streams using the site, but if you want to only keep your eyes on one sector of the market, then you can use it to only see Japanese Yen stories, for example, if you wish. All of the major currencies are covered, as you might expect, but also expect breaking news on the Hungarian Forint or Chilean Peso, too. There is a great section on how news plays a part in Forex generally, so if you never use the site for your major news streaming service, then take the time to look at this page at least.
- Currency Thoughts – Need to quickly take in overnight developments overseas whilst commuting to the office? Could do with some foreign exchange insights over breakfast? Then this is the forex blog site for you. At currencythoughts.com, the website is simply laid out with plenty of deeper analysis to go alongside the overnight bulletins that you will want to catch up with. The site is now a fully functioning online forex hub. However, the founder – Larry Greenberg – still writes a blog which is full of useful insights and information which is drawn from over 35 years’ experience in international economics and currency market data crunching.
- Counting Pips – This site is a good financial news streaming service and has all of the latest forex news that you might want. However, what make countingpips.com stand out is its forex blog which is crammed full of short articles that speculators of all kinds, especially those working in the currency markets, will find invaluable. Alongside the blog, there are regular feature articles and opinion pieces, all of which adds up to a site that few forex traders should overlook.
- The Geek Knows – Offering correlation reports and opinion articles, thegeekknows.com has a great section on foreign exchange education, making it ideal for beginners. Just in this part of the site alone you can discover great blog entries on forex software tools, risk management techniques and tips on investing in weaker currencies. It also has a handy gold price forecast page.
- Currency Secrets – Set up over ten years ago to share forex information, this blog is still going strong. Nowadays, you can read and watch videos of the founder, Ryan Sheehy, where he sparks curiosity in all aspects of FX trading. This is the site for traders who want to learn more about the industry in a hands on way from an expert in the field who has taught himself many of the advanced techniques he now uses. There is a good deal of technical analysis which will help you to improve in a short space of time.
- Forexmentoronline – This relatively new blog offers a huge amount of free trading information for new and experienced traders. With a vast number of articles covering everything from supply and demand to price action trading, forexmentoronline is amongst the most informative forex sites around. The site is also updated daily, giving you a sense of the events that are having an impact on the forex markets.
There are 1,000’s FX blogs out there and we are always keen to share good ones with our clients and readers. Please let us know if there is a good one we’ve missed or if you’re a blog owner and would like us to review it. Please just email support@corespreads.com.