10 Sites to Help You Become an Expert in Online Trading

Sites are dedicated to helping online traders up their game and profit from their trades.

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(SALEM, Ore.) - Online foreign exchange (FX) trading is fast gaining popularity so much that there is a plethora of sites such as CMC Markets dedicated to helping newbies become experts in online trading.

For most newcomers to online trading, these websites provide insight into the business, including vital bits of wisdom from seasoned traders to make their endeavor fruitful.

Even experienced FX traders with several years of trading behind them can benefit from valuable resources in developing new trading strategies or accessing up-to-date information.

Regardless of what you are looking for- latest trends in online trading or a different approach to look at things in a new way- here are 10 sites to help you become an expert in online trading:

Forex Crunch – This site provides traders with a weekly forecast, coupled with daily market outlooks and news.

Forex Crunch is a great site with an all-round view of the markets, expert analysis and tutorials targeting new and intermediate level traders. The site has been in existence since 2008 and is ideal for all types of traders.

Action Forex - This website provides market insights for traders in need of basic trading knowledge to help them better their skills in analysis and make their trading profitable.

Action Forex runs two regular blogs providing newbies with trading ideas.

Top Forex News – Top Forex News provides users with up-to-minute bulletins which make it ideal for day traders. Traders are able to stay up to date with lots of relevant news streams on all major currencies.

Counting Pips – This website is great for financial news streaming services. It is dedicated to providing up-to-date forex news that traders might be interested in.

Counting Pips stands out in the fact that its forex blog is loaded with tons of helpful brief articles that speculators will certainly find invaluable. Besides the blog, the site provides regular feature articles and expert opinions that every trader needs.

Currency Thoughts – Want to stay up to date with the overnight developments overseas? Are you in need of foreign exchange insights that you can easily go through over breakfast? Give Currency Thoughts a try. The site is simply laid out with loads of deep analysis coupled with overnight forex bulletins you need to catch up with.

The Geek Knows – This website is designed to provide online traders with correlation reports and expert opinion articles making it a great tool for Forex education, especially for beginners.

The site also provides great blog entries on trending forex software, tips on investing in weak currencies, and risk management techniques. It also provides a forecast on gold prices.

Currency Secrets - Read and watch videos on all aspects of online trading. This is an effective site for traders who want to understand more about this industry from experts.

Forexmentoronline - This website is relatively new and offers tons of free trading insight for both new and seasoned online traders.

With a variety of articles covering all aspects including supply and demand, and price action among others, Forexmentoronline is without an informative forex site. This website provides daily updates, providing traders with a sense of events that have a significant impact on the markets.

Investopedia – want to know what it means to “cover and approach” or the definition of a spread? Investopedia is a comprehensive dictionary of all key terms and vocabularies that you are likely to come across in your online trading sessions.

If you feel in a pinch and want to look up anything regarding forex trading, there is the place to find it.

BabyPips – Like the name suggests, this is a great website for newbies. Babypips is the go-to website for any online traders. The site breaks down all fundamentals of forex trading into a simple to learn free courses.

The site provides several columns covering every aspect from automation, psychology, as well a first-time perspective that is accessible to new online traders. If you are new to online trading or know anyone interested in learning the basics, Babypips is the place to start.

The 10 sites to help you become an expert in online trading discussed above are merely a drop in the ocean.

There are 1000’s of FX sites, including CMC Markets dedicated to helping online traders up their game and profit from their trades.

Source: Salem-News Special Features Dept.