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10 Best Websites For Beginners to Learn Forex Trading (2022)

Updated July 1, 2022

Written by the WikiJob Team

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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 10 of the best forex websites available.

10 Best Websites to Learn Forex Trading

The following top forex trading websites include those providing news, education, analysis and trading tools to help you learn more about online forex trading.

For a successful trading career, it’s best to use several in conjunction with one another.

1. Asia Forex Mentor

Pros

  • Multiple lessons spread over video format
  • High quality
  • Self-paced with lifetime access
  • Covers a wide range of lesson topics
  • Useful examples throughout the course

Cons

  • Those who have already traded could struggle to grasp Mr Chew’s way of thinking
  • Expensive

Best for: Beginner to Advanced traders
Price: $997

Ezekiel Chew the founder at Asia Forex Mentor isn’t your typical trainer. He is a recognized expert in the finance industry where he is frequently invited to speak at major financial events. His insights into the live market are highly sought after by retail traders.

Ezekiel is considered to be amongst the top traders around who actually care about giving back to the community. He makes six figures a trade in his own trading and, behind the scenes, Ezekiel trains the traders who work in banks, fund management companies and prop trading firms.

His highly regarded One Core Program teaches you how to trade not only forex but also stocks, commodities, crypto and more. To Ezekiel, it doesn’t matter what vehicle it is. It’s about trade selection and having various options opens up the best of the best trades.

The One Core Program covers:

  • The unique way he reads charts with a combination of price action and others.
  • His 16 high win rate strategies that work on every move the market makes.
  • The highly popular Road to Millions formula that turned many new traders into full-time traders.
  • The business behind trading, trade management methods, proprietary point calculation system and many more.

It’s no wonder that the One Core Program is considered one of the best trading courses around.

Visit Asia Forex Mentor

2. eToro Trading School

Pros

  • Options for classroom-based or online learning
  • Useful insights for beginner traders

Cons

  • Classroom course requires payment

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.

Visit eToro Trading School

68% 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. WikiJob.co.uk is compensated. This compensation incentives WikiJob.co.uk to describe those products and services in favourable terms.

3. ForexSignals.com – Trading Room

Pros

  • Free trial available
  • Daily live streams and market analysis
  • Insights from trading mentors
  • Community of fellow traders to discuss ideas with
  • Online video library for education

Cons

  • Requires monthly subscription (different tiers) to maintain access
  • May not offer much value to advanced traders

Best for: Live streams, strategies and pro mentorship

ForexSignals.com is one of the oldest and most well-known trading education platforms out there. A serious contender for those searching for a reputable place to learn about forex trading; and its thousands of 5-star reviews confirm this.

Inside its easy-to-use Trading Room, you'll find three professional trading mentors with over 50 years of experience teaching traders of all levels how to read, understand and trade the financial markets.

Membership to the Trading Room starts at just $47 per month and you'll get access to:

  • 5 daily live streams with real-time market commentary
  • 1 on 1s with professional trading mentors
  • Strategies for you to learn and apply
  • Trading tools and EA packages
  • Daily trade ideas and analysis
  • 350+ hours of educational video lessons
  • 24/7 live chat with fellow traders

It's easy to see why 83,000 use ForexSignals.com as the go-to place for education and real-time market opportunities.

Visit ForexSignals.com – Trading Room

4. How to Trade

Pros

  • Learn at your own pace
  • Video lessons cover a wide range of topics
  • Both free and paid-for courses are available to suit different preferences

Cons

  • Requires paid subscription to maintain Trading Room access (various tiers available)

Providing a trading education that is designed to take you from the basics through to the advanced strategy, How to Trade has a wealth of world-class educational resources.

There are more than 50 free trading lessons, designed by globally recognised mentors, and when you complete them, you will receive a certificate. You can expect the free courses to include both forex and stocks education – from a basic introduction through to charts, technical analysis, indicators, risk management and psychology.

Alongside the free courses, there is premium content that comes with membership of the Trading Room. There are three different membership levels, with increasing benefits as the price goes up. Every level includes access to the Trading Room, all the premium content in the modular video academy, daily live trading sessions, trade sentiment analysis, weekly hot pick analysis, real time global news stream, live interactive workshops and access to pro trader tools.

The different pricing structures are as follows:

  • The Apprentice – £77 per month, billed monthly. Includes one month access to the Trading Room.
  • The Committed – £39 per month, billed six monthly. Includes six months access to the Trading Room. This also includes exclusive brokerage access and one-on-one with a mentor.
  • The Professional – £36 per month, billed annually. Includes a year’s access to the Trading Room, all the features of the Apprentice and Committed subscription, but also a direct line to the mentors, the Trend Surfing Expert Advisor, and a license key to Forex Tester 5.

Visit How to Trade

5. Forex Trading Coach

Pros

  • Learn online at your own pace
  • Includes 12-month access to daily trade information
  • Lifetime access to email support
  • Live webinars each week
  • Online community forum

Cons

  • Course is expensive
  • Trading track record performance not verified by a third party

Developed by Andrew Mitchem, who has been a Forex trading coach for more than 12 years, there are several training options available through this site – including several free resources.

With more than 3,000 successful students and a money-back guarantee if you do not make a 20% gain following the information given, The Successful Trader Course is a completely online system that comprises several video lessons that are designed to be beginner-friendly.

The course consists of 15 video lessons, lasting anywhere between five and 90 minutes long. These videos start at the beginning with learning about forex trading (although Mitchem claims that you can use this process for trading commodities, too), and work through different trading strategies, tools and psychology.

Alongside these videos, learners also get access to 12 months of daily trade information, lifetime access to personal email support, use of the Trading Room and a student’s-only forum site as well as custom-built trading software.

The course costs almost $3,000, but there are split payment options available if you contact customer services.

For those who need more of a personal touch, there is a one-on-one version of the online course available with exclusive access to the founder and his colleagues for personalised, structured learning – at a higher cost (but you need to apply to find out how much).

The free resources available are quite in-depth, from a Masterclass to an eBook and various webinars and seminars.

Visit Forex Trading Coach

6. XTB

Pros

  • Regulated by the FCA
  • Low forex fees
  • Fast withdrawal and deposit with no fee
  • Live chat customer service

Cons

  • No US clients
  • Limited product portfolio
  • High fees for stock CFDs

As a broker that you can trust, XTB is both well-regulated and listed on the stock exchange. The registered office is in Canary Wharf, London.

XTB offers investors and traders the opportunity to trade commodities, stocks, metals, forex, indices and cryptocurrencies, as well as ETFs and CFDs, and it is regulated in top-tier jurisdictions by FCA, CySEC, IFSEC and KNF.

Traders can easily open an account online and can choose between the commission-free Standard account or the Pro account that includes tighter spreads, but there is a commission that needs to be paid on all trades.

Deciding what platform to use to make your trades depends on your location – in most countries, you can choose MetaTrader 4 or the proprietary platform xStation (although MT4 is not available to UK customers).

XTB is a great choice for beginners thanks to the huge range of educational materials, categorized by level (beginner, intermediate and advanced) and the customer service options that are available only on weekdays.

There is a fully functional demo account so beginners can practice strategies and get used to using the platforms.

The more experienced trader will enjoy a huge range of research resources, including trading signals, technical analysis, details about different instruments, and even a heat map and market sentiments.

Visit XTB

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.

7. Admiral Markets

Pros

  • Highly regulated
  • Advanced trading tools
  • Account protection
  • Low trading fees

Cons

  • No US clients
  • Inactivity fee
  • Minimum deposit of $100

Admiral Markets, rebranding to 'Admirals', describes itself as a ‘full-spectrum financial hub’.

In practice, Admirals is a broker that offers several forex and CFD trading instruments in most currencies.

Founded in 2001, Admiral Markets is regulated by JSC, FCA, EFSA and CySEC, and offers traders access to both MetaTrader 4 and 5, with the opportunity to have several active accounts with different base currencies to take advantage of price instability.

There are several account types available, depending on the platform that you want to use.

On MT4, you can choose a standard account known as Trade.MT4. The minimum deposit for this account is 100 USD/EUR/GBP or equivalent, and you can trade 37 currency pairs as well as metal, energy, future, stock and bond CFDs.

In this account, the trading fees come from the spread, apart from with single share or ETF CFDs, which have a standard commission of 0.02 USD.

The Zero.MT4 account offers tighter spreads, with more currency pairs (45) but fewer CFD options.

The commission on forex and metal CFDs is 1.8 to 3 USD per lot, cash indices are 0.5 to 3 USD per lot, and energy CFDs are 1 USD per lot.

If you prefer the upgraded MT5, you can also have an Invest.MT5 account, alongside the Trade.MT5 and Zero.MT5. MetaTrader 5 accounts have access to more trading instruments in both Trade and Zero, but the Invest.MT5 is designed purely for buying stocks and ETFs, with more than 4,350 stocks and 200 ETFs available and a minimum deposit of 1 EUR/USD/GBP.

Deposits are free using bank transfer, card, PayPal or Klarna, but there is a 0.9% fee (or $1 minimum) for deposits made using e-wallets like Neteller or Skrill. You can have one free withdrawal a month as a bank transfer, but two if you use PayPal or e-wallets.

Admirals is available as a trading app on mobile as well as web and desktop, and the user interface and real-time trading that is available across platforms offer a seamless user experience.

The research and analytics are extensive, with technical and fundamental analysis alongside trading news, market sentiment and a market heat map. Access to MetaTrader Trading Central and a weekly trading podcast is also provided.

In terms of education, there are articles and tutorials, eBooks, trading videos, webinars and seminars as well as a FAQ and a handy glossary.

Admirals takes learning seriously with two separate courses aimed at beginner traders. The Zero to Hero course consists of 20 video lessons, a Q&A and a live session as well as a well-crafted trading strategy. Forex 101 is a three-stage course to take beginners through to experts using a structure that includes a video lesson with detailed notes and a quiz to check knowledge.

Visit Admiral Markets

Forex & CFDs are complex products, not suitable for everyone and come with the high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

8. IronFX

Pros

  • Regulated by FCA, ASIC and CySEC
  • MT4
  • Social trading
  • Demo account
  • Partnership programs
  • Good educational resources

Cons

  • Customer support is not 24/7
  • Limited research resources
  • Withdrawal fees
  • Charges a 'no trading' fee

Minimum deposit: $100
Regulators: FCA, ASIC, CySEC, FSCA
Multi-platform: Yes
Pip spread on majors: 0–1.7
Maximum Leverage: 1,000

IronFX is a leading recognised investment firm and international brokerage.

IronFX offers tailored trading products and services to retail and institutional clients, including a wealth of trading tools, the latest trading platforms and 24/5 multilingual support.

As a multi-asset brokerage, IronFX provides more than 300 tradable instruments across six asset classes including forex, metals, indices, commodities, futures and shares.

For the last 10 years, IronFX has focussed on providing competitive trading conditions with tight spreads and flexible leverage.

The company also offers an Autotrade solution that allows traders to copy the best performing traders’ strategies.

Visit IronFX

9. Forex Mentor

Pros

  • Live trading sessions
  • Access to members chat room
  • Email alerts

Cons

  • Requires continued payment to maintain access
  • Extensive information can be overwhelming for beginners

Best for: Reliable coaching-based training

Established in 2003 by veteran trader Peter Bain, Forex Mentor is based on the forex trading system that he developed and used through his training.

Through the Forex Mentor training, more than 27,000 people have learned to trade successfully and consistently using the Simple 1-2-3 method.

There are two routes that Forex students can take through Forex Mentor. The Coach’s Corner is a series of live Forex videos based on Pre-Market Analysis and simple Forex patterns, and some of this content can be accessed for free using the CCStarter pack.

The Simple 1-2-3 (S123) coaching plan teaches a simple three-step system that is unambiguous, logical and objective, working on any trading pairs and based on mathematical waves and Fibonacci models.

The cost of the training is often on offer, and it can be paid in monthly installments or through six-months prepaid.

The Forex Mentor course founder Peter Bain claims that this is the most comprehensive and affordable Forex trading available on the Internet.

Visit Forex Mentor

10. Forex Mentor Pro

Pros

  • Access to members forum
  • Suits beginner to intermediate level
  • Live training sessions each week

Cons

  • Requires continued monthly or yearly payment to maintain access

Best for: Training recommended by professionals

This training, like many others available online, was created in response to the lack of reliable online training available.

The founder, Marc Walton, began to trade in 2002, but in less than three years he was ready to give up because there were too many unreliable ’mentors’ available online.

Walton found a mentor and his trading knowledge expanded enough to successfully trade for a hedge fund as well as run managed accounts for private clients. As he grew, people began asking him for help and advice, and this led directly to the founding of Forex Mentor Pro in 2008.

There are three levels of training options available, and all three offer video training on three powerful trading systems and access to the members-only forum.

Students can pay monthly and receive all the above.

The annual plan offers more of a personal touch through priority support and a 30-minute phone call with a mentor.

For lifetime access, there is a one-time payment and a sixty-minute call with a mentor, as well as twice-yearly reviews of current performance and the creation of a personalized plan.

Visit Forex Mentor Pro

Frequently Asked Questions

If you are looking for a website or program which is suitable for a complete trading novice, then Asia Forex Mentor is a good choice.

However, it isn't specifically designed to provide news. If you are looking for a website that only offers forex news, then Forex Live or Forex Trading Asia might be better options.

The platform that you choose for your news and updates will largely depend on your needs.

ForexSignals is one of the oldest and most well-known trading platforms for news and education.

If you are looking for a website that is similar to Admiral Markets, then it is work considering alternatives such as:

One of the best ways to learn about trading is through practice. This is why many platforms will allow users to access demo accounts.

This way, you can put into practice the skills that you have learned and create strategies without the risk of losing real money.

The exact website that is best for you will largely depend on your needs and the type of trading that you hope to do. There will be some which are better suited to day trading, others will be targeted to long-term strategies.

Some of the best platforms for beginners are:

There are several apps and websites that you can use to keep up to date with the latest Forex news. Some of these will require a subscription. Others will allow users to access their information for free.

Some of the best websites and apps for trading news include:

  • Bloomberg Business mobile app
  • Reuters
  • Trade Interceptor

MetaTrader and eToro are widely considered to be among the best websites to get Forex signals.

eToro is widely considered to be the most user-friendly trading platform in the UK and offers a wide variety of options for trading on their demo platform.

There is no hard and fast way of predicting which currency pairs will perform best each day. You can, however, use websites such as ForexFactory and DailyFx to keep track of the trends and news within the markets.

Forex.com is widely considered to be the biggest trading website. Traders on this platform perform over $15 billion in daily transactions.

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.


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