Top 7 Forex Forums For Foreign Exchange Traders

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The key to making profits in the market is to have a solid trading strategy that you can execute religiously in the market without fail. But to get to that level, you must start by understanding the different types of trading methods out there, and which ones align better with your personality and temperament.

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This is where Forex trading forums can shine. It allows new and aspiring traders to get exposure to many different trading related viewpoints, so that they can ultimately decide which direction is most appropriate for them. So, let’s get started learning more about the best forex forums in the industry.

Best Forex Trading Forums

There is a wide range of information available to beginning forex traders. This can be beneficial in learning the different types of trading philosophies and techniques that can be applied to the Forex market. But how does a novice trader choose among all the different options that are out there? This can seem like a daunting task, especially for those getting started and have little experience to go by.

To help in this regard, we have listed the seven highest quality Forex trading blogs on the web. We’ve made this selection based on criteria such as having a depth of content on the forum, an active user base with regular interactions, and the quality of responses seen. This list of top Forex forums include some that are geared more towards discretionary trading and also a couple that are more focused on automated and systems trading.

Traders are encouraged to visit each of these top forex forums that made the cut, to see which one or two suits their preferences the best. This is because it can be quite overwhelming to follow more than one or two.

Doing so can sometimes lead to information overload and paralysis analysis. Traders are also advised that when they narrow down their list of Forex forums that they’ll want to participate in, that the do not take everything that is said by everyone within the forum community as advice written in stone.

Keep in mind there are many other novice and inexperienced traders within these trading forums trying to find their own way. As such, the best advice would be to take in as much knowledge as you can, but you should always test any ideas for yourself in a demo or practice account before committing your hard-earned dollars to it in the market.

Many beginning traders also make the mistake of focusing solely on the strategies or set up sections of a forum, often ignoring other important threads such as those related to trading psychology, risk control, and money management. While it’s important that you find a trading methodology that you’re most comfortable with, do not overlook the importance of these other components to your overall trading success.

Babypips

Babypips is a top-notch Forex trading forum that was founded in 2005 and has served as a steppingstone for thousands of newbie Forex traders. Babypips offers both the traditional forum format, along with a special educational section.

The educational section takes users through the most important concepts related to trading the Forex market. It’s quite useful, and most new members should consider starting in this area.

This education section is often referred to as the school of Pipsology. It includes different levels based on the difficulty of the learning objects. For example, their preschool section covers basic areas such as, what forex trading entails, and how to buy and sell currency pairs. Moving on from there is the elementary section that teaches traders about support and resistance and trendlines.

After that would be the kindergarten section which describes the different broker models and the process of opening a Forex account. This is followed by the high school, middle school, and graduation level materials which get progressively more in depth, respectively. The education section also includes quizzes that will help you to test your knowledge and see which areas you have grasped, and which areas that you need to spend more time learning about.

Now getting to the heart of the Babypips website is the forum section. There is an, introduce yourself section, that allows you to provide some background on yourself and let the community know where you are in your trading journey. Once you’ve done this, you can browse the different sections within the forum which are categorized by topic. This includes beginner questions, trading discussion, trading systems, community, broker discussion, trading tech and tools, bitcoin talk and crypto, global markets, commercial content, and the lobby.

Each of these primary topic areas will include additional subtopics. As an example, one of the most popular topic areas is the trading discussion section. Within the trading discussion subforum, you will find discussions on currencies, economics, risk management practices, trade journals, trading lifestyle, and more.

Another interesting aspect of the Babypips website is the Babypips tools section. This includes a host of calculators that can help traders make better trading decisions. Currently, they offer the pip value calculator, pivot point calculator, position sizing calculator, and a gain and loss percentage calculator. Many users rely on these calculators on a regular basis and will refer to them prior to initiating any potential trade.

Users can participate in any and all of the subforums, and they can opt to receive notifications via email based on mentions, replies, or other types of actions.

If you’re looking for a very active community with a ton of information related to all aspects of the Forex trading, Babypips is an excellent resource available to anyone for free.

babypips-forum

Forex Factory

Forex Factory is one of the oldest and most recognized Forex trading forums for beginners in the industry. It has tens of thousands of active users on the platform that regularly contribute to various content threads and discussions. But the Forex factory website goes well beyond a traditional forum platform. They offer a wide array of research related products and tools that can help enhance a Forex trader’s overall experience.

As with most other Forex market forums, you will first need to become a member before you can gain access to all of its features. Becoming a member is a breeze and there is no cost or charge to do so. It is completely free to use.

Now before you become a member, you will need to review their requirements for remaining in good standing. This includes a code of conduct which forbids posting spammy information, engaging in any unethical practices, and blatant self-promotion, to name a few.

The primary topic areas within the Forex Factory forum section include interactive trading, trading systems, trading discussion, platform tech, broker discussion, trading journals, rookie talk, and commercial content. Of these the platform tech and trading discussion sections are the most active with over 10,000 threads in each of these two categories.

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Within trading discussion, threads that are related to technical analysis, primarily price action analysis is quite active. Within the platform tech category threads related to coding and programming expert advisors within the MetaTrader platform is quite popular.

As a member in good standing you will be able to access all the available subforums, post and receive messages both publicly and privately, subscribe to specific threads, and enjoy using the myriad of trading tools available on the site.

One of the best-known features within the Forex factory platform is its economic calendar. An economic calendar is an essential tool for virtually every Forex trader, regardless of whether they engage in trading based on technical or fundamental analysis. Knowing what economic events and reports are scheduled for a trading day or week will help you to avoid getting railroaded on potential trades.

Within the Forex Factory economic calendar, you are able to apply specific filters which will allow you to narrow or expand your search results. For example, one of the more useful filter settings is based on economic report impact.

This filter allows you to select events that are anticipated to be of the following nature – high impact, medium impact, or low impact. This way, if you’re only interested in scanning those scheduled news and economic events that are likely to move the markets, then you may opt to select only the high-impact filter.

forex-factory-forum

MT5 Forum

The MT5 forum is focused on all relevant information as it pertains to the Metatrader trading platform. This includes threads related to both MT4 and MT5. As such, it is much more specialized than most other general forex trading forums that we will discuss here.

The MT5 forum offers a trading discussion area, trading software section, a brokers and payment processor section, among others. Within each of these subforums there are additional subtopics. The most popular threads are found in the general Forex conversation subtopic.

A notable area within the MT5 forum is the trading software section. Within that area there are threads related to automated trading, system design and development, various indicators related to MT4 and MT5, and general MQL programming tips and tricks.

For those that are interested in getting the latest news in the currency markets, the MT5 forum has a nice Forex news section. Within it, traders can receive information and data about recent economic releases, important geopolitical events, central bank announcements, and other related information valuable to trading in the currency markets.

MQL5 Forum

Like the MT5 forum, the MQL5 Forum is also dedicated primarily to discussions around the MetaTrader platform. The big difference between these two forums is that the MQL5 Forum is more narrowly focused on discussion topics specifically geared towards mechanical trading and Forex expert advisors, commonly referred to as EA’s. As such, if you’re more interested in systems trading, specifically creating and building your own system from scratch, then the MQL5 Forum will serve you best.

Essentially, the MQL5 community is a Forex EA forum focused on helping system based traders and developers to better understand the MetaTrader platform and the MQL5 or MQL4 programming languages. There is a special section within this website that is dedicated to those interested in learning these programming languages. More specifically, this can be found in the CodeBase section.

In addition to this, users can gain access to a library of customized scripts and indicators. This is very helpful and will save a lot of time for those traders and developers that require access to such resources. MQL5 is the premier MetaTrader forum in the industry.

mql5-forum

EarnForex

EarnForex is not as popular as most of the other FX trading forums within this list. It is a smaller Forex trading strategies forum, nevertheless, there are some good nuggets of information for those interested in learning more about Forex trading. Some of the more popular boards within this forex trading discussion forum include topics such as technical analysis, fundamental analysis, trading systems and strategies, forex news, and forex education.

The EarnForex website is generally well known for its in-depth broker reviews. There is a section within the website where you can find details on hundreds of different Forex brokers, and narrow the list down based on specific criteria.

It’s a great place to begin your search for finding a suitable Forex broker to start trading with. The broker section also features a five star system that can help in quickly scanning Forex brokers that have the best overall ratings.

EliteTrader

EliteTrader is a well-established trading forum that has over 100,000 members. These users have contributed to over 200,000 discussions totaling more than 4 million posts. It’s a great resource for all traders including those focused on the currency markets.

Unlike most of the other forex forum sites mentioned thus far, the EliteTrader forum goes well beyond just the foreign exchange market. You will find topics related to trading stocks, options, commodities, futures, cryptos and more. As such, if you’re interested in watching many different markets, then the EliteTrader forum would be a perfect fit.

In addition to this, users will find plenty of threads related to order execution, automated trading, technical analysis, app development, strategy building, risk management, trading psychology, and more. One of the more unique areas of discussion within the EliteTrader forum is the professional trading section. This is geared towards aspiring CTAs and hedge fund managers seeking help in licensing, business set up, and learning more about regulatory requirements.

elitetrader-forum

Trade2Win

Trade2Win forum was established in 2001. Like the EliteTrader forum it brings together traders from many different interests. This includes stock traders, Forex traders, crypto traders, fixed income traders, options traders and more. The sheer amount of information available on the Trade2Win platform can be dizzying. Trade2Win boosts a membership of close to 300,000, and these users account for over 1 million total posts across one hundred thousand threads.

The Trade2Win platform is completely free, and you can view all posts on their forum website without even signing up. If however, you wish to post or reply to any threads, you will need a membership to do so, which again is free.

As a point of interest, the “Methods” section is quite active. It provides discussions on topics including discretionary trading, swing trading, technical analysis, economic and fundamental analysis, psychology, risk and money management, and algorithmic trading.

A unique aspect of the Trade2Win forum is the “Trading career” section. Within this area you will find relevant threads such as becoming a home-based trader, joining a proprietary trading firm, and tips on finding positions in the hedge fund industry. Those that are interested in physical meetups or online group meetings will find their “Meetup” section quite useful as well.

Download the short printable PDF version summarizing the key points of this lesson…. Click Here To Download

Summary

A currency trading forum can be a great starting place for new and aspiring traders. It can help in understanding the different trading methods and techniques used by more experienced traders. Additionally, you will have access to a like-minded community that you can tap into to have your market related questions answered.

As such, there are quite a bit of upsides to joining a top rated trading forum. The flipside of this is that there are also some drawbacks. More specifically, because Forex discussion forums are not built around any single authoritative voice, you can easily get lost in the weeds, so to speak. For example, some traders on these forex strategy forums will swear by price action techniques, while others will espouse indicator based methods, and yet another might be into astrological trading techniques.

One of the best ways to view Forex forums is as a general resource. That is to say that it can help you in deciding which style of trading you feel most comfortable with. From there, you can seek out more personalized trading courses that will provide you a more structured education within your specialized area of interest.

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