The best thing about the present digital system is you can learn everything. If you are interested in technical work or business-related stuff, you can get basic knowledge by investing time and searching. And forex trading is similar; traders can learn not only basics but also each related technical aspect from various resources.
Many experienced and well-known forex traders were not financially independent before trading. They just started by searching for information online or through other resources.
So, if you are thinking about forex learning, don’t worry about the hundred dollars fees, as numerous online resources are available to teach you forex. Read the article until the end to get a detailed answer on I can learn forex trading from free resources.
Learn forex trading from free resources
When you enter what forex trading in search engines is, you will end up with various related articles, courses, and videos. No doubt, the Internet is full of forex information, but the thing is, it’s most difficult to find authentic information that works.
Free resources are a good idea if you want to learn the basics, but realistically, you need to pay a little bit at some points to understand technical education. Further, getting professional traders as a mentor at starting is effective, but professionals charge minimal prices. Here, we mention the list of different concepts of forex that you can learn free from online resources. So, let’s start today!
Free forex trading strategies
When beginners start forex trading, they need to learn about trading strategies. Different online courses teach you a list of techniques that can prove best to you or other traders. While constructing a stately, make sure it matches your personality; otherwise, it will not work.
Free videos related to forex trading psychology
In forex, trading psychology is the point that most traders ignore. But remember, it is the significant aspect that ensures about 80% success of your trade.
You can check on platforms like YouTube to see forex trading psychology-related videos. This knowledge is more worthy than the forex strategies alone.
Free podcast of successful forex traders
There are many podcasts on YouTube where hosts interview successful traders to know their journey, strategies, failures, and success. All you need to do is put some time and search about these podcasts. One forex podcast is listed below:
The truth about FX: A podcast where the host asks one question related to FX to a successful trader Walter Peter, who answers it.
Free forex education guides and courses: Enter Forex trading free resources on browser, Google, or other platforms, and you will end up hundred of them. But choose the authentic one that offers useful and valuable knowledge. Here we are explaining the two official free forex educational guides:
Baby Pips Forex School: Baby Pips is the best free digital resource that gives you every aspect related to forex. Take important information and then work accordingly.
Reddit: Reddit is the browsing platform that connects you to some great free forex education courses and guides.
Forex news and tools
From online resources, you not only get free guides but free calendars and trackers that keep you up-to-date related to events and trends.
Forex factory calendar: Forex factory calendar is the best one that is worth using. It will notify you about upcoming major events to maximize potential profits in a volatile market.
Risk of ruining calculator: It’s essential to have a Risk of Ruin Calculator that lets you know the risk rate of your trading strategy. So, use it to determine the risk and then make a solid strategy.
Trading tutorials videos
Trading tutorial videos are also available on different platforms, where you can practically monitor the forex strategies. Such as
YouTube: Follow a successful Forex trader’s channel to get free forex tutorial videos.
Bloomberg: It offers a wide collection of forex videos to teach everything from basic terminologies to technical analysis.
MetaTrader 4 and MetaTrader 5 tutorials: You can also access these tutorials to learn about different market tools.
The Internet is stuffed with complete forex trading courses and guides, but finding the resource that provides authentic information isn’t easy. So, before learning, check referrals and comments, or you can also ask senior forex traders to approach the actual forex guide.