Top 15 Best Forex Websites
Are you looking for the best forex website for your forex trading needs?
You might be looking for the best news site, trading platform, fundamental, or technical analysis sites to help you trade effectively and keep you up to date on market moves.
In this guide (skip to section):
The 5 Best Sites For Forex Trading
1. FXChoice
FXChoice is the best broker for forex trading. They have a beginner friendly web platform, and for advanced traders, unique developed indicators preinstalled on their stable MT4 platform.
It's a regulated broker that trusted by clients around the world, including the US, UK, and EU.
Trade markets including forex pairs, indices (US30, etc.), and commodities (gold, oil, etc.).
FXChoice has some of the lowest spreads in the industry, reliable deposit and withdrawals, and award-winning 24/7 support. The MT4 classic account (recommended) is commission-free with low spreads. The MT4 pro account is $3.5 commission per side if you prefer that.
2. PocketOption
PocketOption is mainly for options trading, but it still offers a reliable MetaTrader 5 MT5 trading platform integrated into its cloud-based platform that's easy-to-use for beginner forex traders. They are regulated and have more than 10 million clients worldwide.
We have PocketOption on this list because most beginners new to trading often make significant losses in forex trading because they don't understand how to set entry, stop loss, and take profit levels.
The two advantages of trading options are that you will know the max loss on each trade before you open a trade, and you can trade small size, so mistakes don't cost you a lot during your learning curve.
That way, you can start trading options to learn and then switch to forex trading on this commission-free broker.
3. XM
XM is an online broker and trading platform for beginners that offers a wide selection of accounts with a low minimum deposit, perfect for new traders who want to start with a small forex trading account.
In recent years, XM expanded its service into an online multi-asset forex broker, including over a thousand CFDs and 57 currency pairs as tradable assets on their MT4 and MT5 trading platforms.
4. FXCM
FXCM is a reliable forex broker for forex trading with a proprietary forex and CFD trading platform for Mac, Android, and iOS. They also offer free SMS trade alerts to help you spot trading opportunities.
FXCM also offers its traders various tools, guides, and resources to help traders become more educated and disciplined forex traders. Trade on their Trading Station, MT4, ZuluTrade, or TradingView platform.
They also offer traders who open an account to get TradingView Pro for free for one year.
5. Forex.com
Forex.com is a forex broker that offers an extensive archive of educational content. As a broker regulated forex broker, you can be confident that their guidance is reliable and from a reputable source.
One advantage for forex traders is that all of the educational training is free. You don't have to open an account to access the training that is separated into three levels; beginner, intermediate, and advanced.
The 5 Best Sites To Learn Forex Trading
1. Trading Walk
We might be biased, but we believe in our education. We have thousands of members that prove our education and trading systems actually work.
Download our free trading strategy guides or watch our free YouTube trading videos to start your forex journey. Then join one of our paid courses for step by steps systems and trading techniques that work.
All strategies and training are based on more than a decade of full-time day trading experience.
2. TradingView
TradingView is the top stock and forex trading website for charting and social trading. Their cloud-based software (free with the basic account) allows both beginners and experienced traders to trade live charts for all markets.
You can access hundreds of drawing tools, trading indicators, and the scanning tool helps you take full advantage of technical analysis.
The TradingView social trading community helps you connect with other traders, share ideas, and follow top traders' technical analysis. This is the best free charting software for most traders!
3. BabyPips
Babypips is a beginner-friendly site with a popular trading forum to share ideas, a range of trading tools, and trading tips for those new to the world of forex trading.
Their free educational content will help you understand the basics of forex trading.
The School of Pipsology is excellent for new traders with easy-to-read lessons. It's separated into 11 courses, starting at the pre-school level through to graduation.
Investing.com is a website that provides you with almost everything you need to learn the basics.
Follow forex news and analysis with real-time data and always up to do date articles.
Their education is mainly aimed at beginners who never traded but also helpful for traders with some experience wanting to fresh up on the basics.
5. Investopedia
Investopedia is an easy-to-navigate website mainly focused on stock trading but also useful for forex trading. With the Investopedia simulator, you can test your trading skills with trading challenges and compete with thousands of Investopedia traders.
They also have an excellent dictionary that forex traders can look through to understand terms related to trading.
There are hundreds of trading articles that cover everything from the basics to successful trading strategies. Most are informative and accurate, a good next step after reading the educational content found on Babypips.
The 5 Best Sites For Forex Trading News
ForexFactory is the best forex website. It has got to be the largest forex forum and offers a trading calendar that comes in handy.
Their analysts are top-notch, and their advertisements are minimal compared to other websites.
Forex Factory is the top forex news site I prefer to follow for the latest forex news and market updates.
Forex Factory is the site I use to check when new market news is coming out and the expected impact. News with high impact can create big and unexpected price moves, so keeping an eye on forex market news is very important for risk management.
2. FX Street
FXStreet is one of the absolute best forex news websites around. This site offers tons of updates and provides several unique features that any top forex news site should have.
Though it is one of the top leading websites available in the forex world, it deserves to be listed.
FXStreet is definitely one of the top free forex sites that you can visit on a daily basis.
3. Bloomberg
Bloomberg is another trader favorite among traders. This site offers brand recognition as it is the biggest brand in the trading news world.
Bloomberg should be one of the sites that you check daily as well as the others above. This forex trading site helps you see what forex pairs are currently moving and what news might impact the market.
Bloomberg also offers financial markets radio and live markets tv you might be interested in listening to or watching while you trade.
4. Forex Live
Forex Live has to come in fourth when it comes to a fantastic forex website to follow. They offer exceptional news coverage that comes in very handy when trading.
Forex Live is very quick to post information to their news updates. Everything is published by a team of forex traders, which is why this site is accurate and always up to date on news coverage.
5. Daily FX
DailyFX is a site that will help you get some good ideas on what you can anticipate from the market. It offers great analysts that are always helpful.
No matter if you are a fundamental or a technical trader, you will like DailyFX. You can also improve your knowledge with their free trading guides and market predictions from the DailyFX Experts.
Should You Trade Forex News?
Keeping an eye on one or more of these forex websites will help you stay updated on what happens in the markets so you can avoid common trading mistakes.
But following news and other people's opinions rarely help you become a successful trader.
Therefore, the most important thing is to manage risk and follow a proven forex trading strategy:
About Johan Nordstrom
I'm a family guy in my early 30's who learned how to trade the markets in a simple yet effective way. During university, I studied investing and graduated with a master's degree in risk management. Quickly, I realized that I was onto something. I started helping friends and taking students. My students started getting results, spent less time in front of their screens, and their accounts grew consistently. Learn more about me here.
