What is the Best Website to Learn Forex Trading? My Top Picks

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Getting started in forex trading can be intimidating given the learning curve and amount of information out there. With so many sites offering education, which are actually worthwhile for beginners?

After researching extensively and vetting numerous learning resources, I’ve compiled my picks for the top forex trading education websites based on quality, depth of content, and value for new traders.

In this comprehensive guide, we’ll explore leading forex learning platforms, key features and offerings, free vs paid content, and how each can provide a foundation to become a skilled trader. Let’s dive in!

Why Online Learning is Ideal for Forex Trading

Before getting into specific platforms, let’s discuss why online learning is well-suited for developing forex trading skills:

On-demand access anywhere, anytime to accommodate busy schedules
Self-paced and interactive learning approaches keep engagement high
Video tutorials and webinars make concepts easy to absorb
Community forums provide support and accountability
Auto-updating content always provides latest trading techniques
Cost-effective way to gain expertise from top instructors

For motivated self-starters, structured online education can unlock forex trading success. Now let’s explore the best websites available.

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BabyPips – Best Free Introduction

BabyPips is widely considered the best free starting point for forex foundation basics. They offer:

Free School section with beginner to intermediate courses
300+ pages of written lessons covering fundamentals
Forum with over 1 million posts for asking questions
Glossary of forex terms for reference
Additional free trading tools and resources

I recommend all new traders thoroughly work through BabyPips School. That alone can provide enough knowledge to begin simulated trading.

Investopedia – Best All-Around Free Education

Investopedia is the most comprehensive free resource covering both forex and technical analysis education. Highlights include:

Hundreds of free articles explaining forex terms and concepts
Video tutorials covering basics to advanced forex topics
Simulated trading for practice along with courses
Options for obtaining free certificates of completion
Education across trading, investing, crypto, and personal finance

Investopedia should be on every new trader’s list to supplement any paid training. The library of free content is immense.

Forex4Noobs – Forums with Expert Participation

Forex4Noobs stands out for its active forums directly moderated by professional traders. Benefits include:

Forums dividing topics into beginner, intermediate, advanced levels
Ability to directly ask pro traders questions
Frequent participation by proven experts and educators
Strict moderation keeps information quality and discussion productive

Tap into the minds of real-world pros for free on Forex4Noobs forums – a hidden gem!

Trading Rush – Best Free YouTube Channel

For video learners, Trading Rush has the most comprehensive YouTube forex education with almost 50 million views. Features:

5+ hours of free forex courses on YouTube
300+ additional videos explaining everything from basics to advanced strategies
Professional instructor with trading industry experience
Videos frequently updated with latest examples
Real trade walkthroughs analyzing planning and execution

Trading Rush is the top free video-based forex trading education channel on YouTube.

ForexSignals.com Trade Room – Best Live Environment

The ForexSignals trade room provides interactive education through live trading:

Daily 7 hour live trading broadcast with professional forex traders
Watch and learn as pros spot setups, execute trades, and manage risk
Ongoing commentary and analysis around trades and market conditions
Text chat for asking questions and benefiting from wisdom of experienced traders

Observing professional traders in a live market environment accelerates practical learning.

DailyFX Plus – Best All-In-One Premium Education

For traders willing to invest in premium education, DailyFX Plus offers a robust learning ecosystem with:

400+ video lessons teaching beginner to advanced concepts
400+ written tutorials and articles expanding on lessons
80+ hours of live webinars monthly for Q&A with instructors
Simplified and advanced trading courses based on level
Certification and other incentives upon course completion

I rate DailyFX Plus as the top premium forex education solution – incredible value for money.

Forex Trading A-ZTM – Comprehensive Video Course

For exclusively video-based learning, Forex Trading A-Z provides 50+ hours of educational content through:

500+ specific strategy lessons organized into courses
Professional instructors with decades of combined trading experience
Video updated frequently with new examples
Covers fundamentals to executing advanced trading systems
Money back guarantee allows trying risk-free

The structured video courses progress logically from beginner to expert level trading knowledge.

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Market Traders Institute (MTI) – Full Bootcamp Experience

MTI provides an intense “bootcamp” model to forex trading education through:

5-day in-person seminar or online class options
Over 60 hours of live education and active coaching
Lifetime membership with ongoing online courses for repetition
Strategy reinforcement through paper trading simulations
Community support network of past graduates

Immersive training from experienced instructors gives you a trading business foundation. Worth considering for dedicated career traders.

Key Takeaways and Next Steps

Hopefully this guide provides a helpful overview of the best forex trading education websites based on my extensive research:

Strong free options exist like Babypips, Investopedia, YouTube channels, and forums
Consider premium resources like DailyFX Plus once ready to commit
An immersive bootcamp experience may suit committed career traders
Use a combination of written guides, videos, simulations, and live chat
Keep learning continuously even after starting live trading

I encourage new traders to start with the free options, then progress to premium sites with strong foundations. Proper mentoring and communities accelerate success. Don’t hesitate to reach out with any other questions!