Trade smarter, not harder with the top Forex apps of 2024

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Are you ready to take your Forex skills to the next level? With these apps, you’ll have the latest market insights, real-time data, and cutting-edge tools at your fingertips, giving you the confidence and knowledge you need to make profitable trades. Whether you’re new to the market or an experienced trader, these apps will help you stay ahead of the game and achieve your trading goals.

A quick sneak peek: Best Forex Trading Apps & Simulators

For 2023, these are our top forex app picks based on functionality, features, and value.

๐Ÿฅ‡Best Forex trading school and market simulator in your pocket:ย Go Forex App

๐ŸฅˆBest For a Simple and Clean Interface: eToro

๐Ÿฅ‰Best for Advanced Traders: TradingView

Best For a CFD Trading: Plus500

๐Ÿฅ‡Go Forex App – First practice then trade

With GoForex’s trading simulator app, users can practice with a virtual $10 000 without the risk of losing real money. The app allows users to trade not only forex, but also stocks, cryptocurrencies, oil, and gold using real-time prices.

Main features GoForex stand out from other trading simulators available:

  • Real-time market prices: The app uses real-time market prices to provide users with a more accurate and realistic trading experience.
  • User-friendly interface: GoForex is designed with a user-friendly interface that is easy to navigate, making it suitable for both novice and experienced traders.
  • Daily signals from analysts: traders can save time and effort on their own research.
  • Full in-depth trading school: real-time examples, proven strategies, and user-friendly illustrations to enhance the learning process and ensure faster and better understanding of the markets. The platform covers all the aspects of forex trading, including technical analysis, fundamental analysis, and risk management, and provides users with the tools and knowledge they need to make informed trading decisions.
  • Go Forex app is available since 2014 and has more than 3 million downloads.

๐ŸฅˆeToro – Investing made social

eToro is a social trading and investment platform that has gained popularity among traders and investors worldwide. eToro’s unique features set it apart from other trading platforms, including:

  • Social trading: eToro’s social trading feature allows users to copy the trades of more experienced traders, giving them access to the strategies and insights of top traders.
  • Wide range of financial instruments: eToro offers a wide range of financial instruments, including stocks, currencies, commodities, and cryptocurrencies, allowing traders to diversify their portfolios.ย US customers only have access to cryptocurrencies.
  • User-friendly interface: eToro’s platform is designed to be user-friendly and intuitive, making it easy for beginners to navigate and start trading.
  • CopyPortfolio: eToro’s CopyPortfolio feature allows users to invest in a diversified portfolio of assets, managed by eToro’s investment team.
  • Educational resources: eToro provides educational resources such as webinars, tutorials, and market analysis to help traders stay informed and improve their skills.
  • Regulated: eToro is a regulated platform and it’s overseen by multiple regulatory agencies such as FCA, CySEC, and ASIC.
Disclaimer: 51% 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

๐Ÿฅ‰TradingView – Look first, Then leap

TradingView is a popular social platform for traders and investors to share ideas, strategies, and market insights. With its user-friendly interface and advanced charting tools, TradingView has become a go-to destination for traders of all levels. Some of the key features that make TradingView stand out include:

  • Real-time market data: TradingView offers real-time market data from multiple exchanges, allowing traders to stay on top of the latest market movements.
  • Advanced charting tools: TradingView’s charting tools are highly advanced and customizable, allowing traders to analyze historical price patterns and make informed trades.
  • Community-driven platform: TradingView is a social platform where traders can share ideas, strategies, and market insights, providing a unique collaborative aspect to trading.
  • Large selection of indicators: TradingView offers a vast selection of indicators, including more than 100 built-in indicators and the ability to create custom indicators.
  • Available on multiple devices: TradingView can be accessed on any device including PC, mobile and tablet.

Plus500 – itโ€™s trading with plus

CFDs are complex and high-risk due to leverage, with 82% of retail investors losing money. Ensure you understand CFDs and can afford the risk.

Plus500 is a popular online trading platform that offers a wide range of financial instruments, including forex, stocks, commodities, and cryptocurrencies. Some of the key features that make Plus500 stand out include:

  • User-friendly interface: Plus500’s platform is crafted to be intuitive and accessible, ensuring a seamless experience for beginners to navigate and initiate their trading journey.
  • Free demo account: Plus500 offers a free demo account for users to practice their trading strategies before investing real money.
  • Wide range of financial instruments: Plus500 offers a wide range of financial instruments trough CFD, allowing traders to diversify their portfolios.
  • Advanced charting tools: Plus500’s charting tools are highly advanced and customizable, allowing traders to analyze historical price patterns and make informed trades.
  • 24/7 customer support: Plus500 offers 24/7 customer support, providing assistance to traders whenever they need it.
  • Regulated: Plus500 is a regulated platform and it’s overseen by multiple regulatory agencies such as FCA, CySEC, and ASIC
74-89% 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.

Key features to look for in a Forex app

When looking for a Forex app, there are several key features that you should keep in mind.

  • Real-time market updates that keep you one step ahead of currency fluctuations.
  • Charting tools to analyse historical price patterns and make smart trades.
  • A wide range of currency pairs to diversify your portfolio.
  • Customisable price alerts to never miss an opportunity.
  • A user-friendly interface that makes navigating the app a breeze.
  • Advanced security features to protect your account and personal information.
  • A dedicated customer support team to help you navigate any issues.
  • Educational resources to help you stay informed and make informed trading decisions.

Can I trade Forex with $100?

The beauty of Forex is that you can start trading with $100 – $2000. However, it’s important to keep in mind that trading with a small amount of capital can come with its own set of challenges and limitations.

Firstly, you’ll need to be extra careful with your trade management and risk management, since a small loss can have a big impact on your account balance. You’ll also need to be mindful of the leverage you’re using, as using too high leverage can quickly deplete your account.

Additionally, you’ll have to be selective in the currency pairs you trade, as some pairs can be too volatile for a small account. Instead, look for currency pairs that tend to have smaller spreads and are less volatile.

Why use the Forex trading simulator before risking real money

Forex trading can be a thrilling and potentially profitable endeavour, but it can also be risky if you don’t know what you’re doing. That’s why a Forex trading simulator is such a valuable tool for aspiring traders. With a simulator, you can practice your trading strategies and learn about the market without risking any real money.

Not only does this allow you to gain confidence in your abilities, but it also allows you to test out different trading strategies and find the one that works best for you. Plus, since the simulator allows you to make mistakes and learn from them without any real-world consequences, it’s a great way to gain experience and improve your skills. Overall, using a Forex trading simulator is a smart way to prepare yourself for the real thing and increase your chances of success in the currency market.

Is there a secret to trading Forex?

It’s not exactly a secret, but more like a treasure map with a few missing pieces. You see, trading Forex is a bit like navigating a ship through a stormy sea. You’ve got to keep a steady hand on the wheel, keep an eye on the weather, and know when to make a move.

Some traders might tell you that the secret to success is all in the indicators, while others will say it’s all about following the big players. But the truth is, there’s no one-size-fits-all answer. It’s a combination of understanding market trends, having a solid trading strategy, and most importantly, having the discipline to stick to it.

So, if you’re looking for the magic key to unlocking the Forex market, you might be disappointed. But don’t worry, with a little bit of hard work, some experimentation, and a dash of patience, you’ll be able to find your own way to success. Just remember, the Forex market is always changing, so be ready to adapt and evolve your strategy. And remember, have fun with it!

Which strategy is most profitable in Forex?

There is no single strategy that is consistently the most profitable in Forex trading. Different strategies may work well in different market conditions, and what works well for one trader may not work as well for another.

That being said, some strategies that are commonly used by profitable traders include:

  • Trend-following: This strategy involves identifying a current trend in the market, and then entering trades in the same direction as the trend.
  • Position trading: This strategy involves holding a position for a longer period of time, often for several weeks or months, in order to take advantage of longer-term market trends.
  • Breakout trading: This strategy involves identifying key levels of support and resistance, and then entering trades when the price breaks through these levels.
  • Scalping: This strategy involves making many trades over a short period of time, usually in the hopes of making small profits on each trade.

Ultimately, the key to finding a profitable strategy is to do your own research, experiment with different approaches, and continually monitor and adjust your trades as market conditions change.

Summary

In conclusion, trading in the foreign exchange market can be a challenging task, but with the right tools, it can also be highly rewarding. By using a Forex app, traders can stay on top of the latest market updates, analyse historical price patterns, and make informed trades. The key is to choose a Forex app that offers a wide range of features and is user-friendly.

The top Forex apps of 2023, such as Go Forex, eToro, TradingView offer all of these features and more. Whether you are a beginner or an advanced trader, there is an app out there that will suit your needs. It’s essential to do your research, try out a few different apps, and find the one that best fits your needs. With the right Forex app, you can trade smarter, not harder, and achieve success in the foreign exchange market.

2024’s Must-Have Stock Market Games for Traders

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Who would you trust more to fly an airplane: someone who has logged 1000 hours in a simulator and has that much experience in real flying, or someone who has only logged 50 hours in a simulator? The answer is certainly obviousโ€ฆSimulator training is an essential aspect of both professions, allowing pilots and traders to hone their skills and prepare for real-world scenarios without the risk of failure.

Imagine being able to fly through a storm or execute a trade during a market crash, all while sitting comfortably in your room. Itโ€™s a stress-free way to learn! And the best part? No one will judge you for crashing the plane or losing money in a simulated trade.

So, without further ado, let’s dive into the best stock trading simulators available in 2023! โšก

๐Ÿฅ‡Best Overall Stock Market Simulator – The Trading Game – Download

The Trading Game is a stock market game & trading simulator for beginners trusted by 2,405,000+ students worldwide. Their full in-depth stock school and simply explained trading strategies can help you to become a PRO trader.

Quick facts:

๐Ÿคน Available assets: 51 stocks, 24 cryptos, 16 currency pairs, 10 commodities, 5 indices

๐Ÿ› ๏ธ Technical Indicators: Moving Average (more technical indicators coming soon)

โฐ Time Frames: 15s, 1m, 5m, 15m, 1H,1D, 1M

ย  Best for: Beginners

๐Ÿ‘ What we liked:

– Illustrated and interactive lessons that help to learn in a fun way are perfect for beginners.

– The battle option is a fun and interactive way for users to test their trading skills and strategies against others in a competitive environment.

– With this trading simulator, you can practice 24/7, because they offer a wide range of stocks, forex pairs, crypto, commodities, and index funds.

– Live market prices in the trading simulator (most of the other trading simulators available have delayed or static prices).

– Detailed stats about personal trading performance

– Simple interface and risk management tools to learn how to not lose money.

– Daily news, market insights, and signals

๐Ÿ‘Ž What we didnโ€™t like:

– No possibility to search for the asset

– There could be more technical indicators for example Volume, RSI

Our verdict:ย 

The Trading Game is a superb stock market game & trading simulator for beginners. We recommend to try for everyone who is interested to learn about stock trading in a fun and engaging way.

๐ŸฅˆBest for Social Trading – eToroDownload

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

An eToro demo account is a simulated trading account that allows users to test out the eToro trading platform and practice their trading skills without risking any real money. With an eToro demo account, users can access all of the features and tools available on the real trading platform, including the ability to place trades, view market data, and track the performance of their portfolio.

ย Quick facts:ย 

๐Ÿคน Available assets: More than 3000 stocks

๐Ÿ› ๏ธ Technical Indicators: 60+

โฐ Time Frames: 1m, 5m, 10m, 15m, 30m, 1H, 4H, 1D, 1W

ย  ย  Best for: Beginners, PRO traders

๐Ÿ‘ What we liked:

– A demo account can help you get familiar with eToro’s platform and all of its features, so you’ll be better prepared when you start trading with real money.

– Some brokers have limited demo account usage, but eToro has no time limit, so you can practice for as long as you need to feel comfortable before transitioning to a live account.

– They have a wide range of available assets and technical indicators.

– They have the most simple trading interface among other brokers.ย ย 

๐Ÿ‘Ž What we didnโ€™t like:

– There are no lessons about stock trading inside the mobile app.

– There is no desktop app

Our verdict:

eToro has user-friendly interface and social trading features, which allow users to follow and copy the trades of other successful traders. Overall, eToro is considered a reputable platform. Highly recommend!

Best for PRO traders – TradingView Download

TradingView is the ultimate destination for all your charting and trading needs! If you are a trading pro this platform has everything you need to analyze financial markets and make informed trades. With real-time data, advanced charting, and a vibrant community of traders sharing their ideas and insights, TradingView is the perfect place to hone your skills and become a successful trader.

Quick facts:

๐Ÿคน Available assets: The exact number of assets available for paper trading may vary depending on the specific asset class and the region in which you are located.

๐Ÿ› ๏ธ Technical Indicators: 100+

โฐ Time Frames: 1s, 5s, 10s, 15s, 30s, 1m, 3m, 5m, 15m, 30m, 1H, 2H, 3H, 4H, 1D, 1W, 1M, 3M, 6M

Best for:ย PRO traders

 

ย ๐Ÿ‘ What we liked:

– TradingView offers a variety of charting tools and features, including multiple chart types, indicators, drawing tools, and alerts. This allows users to customize their charts and analyze the markets in a way that suits their needs.

– TradingView has a large and active community of traders and investors who share ideas, strategies, and analysis on the platform. This can be a great resource for traders looking to learn from others and get new ideas.

– This platform can be integrated with many online brokers, allowing users to place trades directly from the platform. This can be convenient for traders who want to have all of their tools and information in one place. </aside>

๐Ÿ‘Ž What we didn’t like:

– May not be suitable for beginners who prefer a more simplified or streamlined platform.

– Some features may require a paid subscription. (PRO plan is EUR 19,99/Mo, PRO + plan is EUR 41,99/Mo and Premium is EUR 93,99 EUR/Mo.

Our verdict:

If you are a PRO trader, we recommend to try TradingView. They have the best charting in the world.

For great trading insights – InvestopediaWebsite

Investopedia’s simulator is a web-based platform that allows users to practice their trading and investment skills in a simulated environment. This simulator is trusted by more than 3 million traders from all around the world.

Quick facts:

๐Ÿคน Available assets: 6000 (stocks + options)

๐Ÿ› ๏ธ Technical Indicators: 0

โฐ Time Frames: 1D, 1M, 3M, 5Y

Best for: Beginners, PRO traders

๐Ÿ‘ What we liked:

– Investopedia offers a wide range of financial and investment-related information, including articles, tutorials, dictionary terms, and more. This can be a useful resource for people who are looking to learn more about finance and investing.

– Investopedia is a well-known and respected financial education resource, and its content is frequently cited by other media outlets.

๐Ÿ‘Ž What we didnโ€™t like:

– The mobile app for the simulator is not available

– There are no 5min, 15min, or 30 min timeframes for those who like to spot trading opportunities.

– You can only trade stocks and options in this simulator, so if you would like to trade also crypto/commodities/forex then you need to download some other trading simulator for that.

Our verdict:

Investopedia is trusted platform my millions of users, but if they don’t want to lose their ranking, we recommend to change the design of the website, as it’s looks too outdated.

For private games with friends – MarketWatchWebsite

The Virtual Stock Exchange from MarketWatch is a free app that allows you to simulate trading with real-time prices. You can create your own game, or join one of the over 40,000 games already in play to test your investing skills against other players. This app provides you with the data, tools, and information you need to learn how to invest, test different strategies, and practice executing trades without using real money. Additionally, you can use MarketWatch’s award-winning journalism to research investment ideas and stay informed about market conditions.

๐Ÿ‘ What we liked:

– Possibility to make custom private games with your friends.

– MarketWatch is trustful financial news resource trusted by millions.

– Player can choose starting capital

๐Ÿ‘Ž What we didnโ€™t like:

– Too long registration process to make an account

– Complicated process to make a new game

Our verdict:

MarketWatch financial news are top notch, and we appreciate their idea to makeย  the place where to learn how to trade stocks. 8/10 from us

How to choose a good stock market simulator?

When choosing a stock market simulator, there are several factors to consider to ensure it is a good fit for your needs. These include:

  • Realism: How closely does the simulator mimic the real stock market? Does it include real-time data and market fluctuations?
  • Educational value: Does the simulator provide information and resources to help users learn about investing? Are there tutorials and educational tools included?
  • User-friendliness: Is the simulator easy to use and navigate? Are there clear instructions and a user-friendly interface?
  • Customizability: Can users customize their portfolio and set their own investment strategies? Are there different levels of difficulty to accommodate different skill levels?
  • Social features: Does the simulator offer social features such as chat rooms, forums, or leaderboards? Does it allow users to compete or collaborate with others?
  • Mobile compatibility: Is the simulator available on mobile devices? Is the mobile app user-friendly?
  • Cost: Is the simulator free or does it require a subscription or one-time purchase? Are there in-app purchases?
  • Reputation: What do other users say about the simulator? Are there positive reviews? What are the general consensus from the users?

By considering these factors, you can choose a stock market simulator that is well-suited to your needs and provides a realistic and educational experience.

Why use stock trading simulator?

There are several reasons why people might choose to use a stock trading simulator:

  • Learning and Education: Stock trading simulators provide a risk-free way to learn about stock trading and investing. They allow users to practice different strategies and gain experience without risking real money.
  • Test new strategies: Stock trading simulators can be used to test new investment strategies and see how they would perform in the real market.
  • Understand market fluctuations: Stock trading simulators can help users understand how different market conditions and events can affect their investments.
  • Low-cost practice: Stock trading simulators allow users to practice stock trading without incurring the high costs that come with real-world trading.
  • Improve decision making: Stock trading simulators can help users improve their decision-making skills by allowing them to experience the consequences of their choices in a simulated environment

Pros and cons of playing stock market trading games

Pros of playing stock market trading games:

  • Learning and education: Stock market trading games provide an opportunity to learn about stock trading and investing, allowing users to gain an understanding of how the stock market works, and how to buy and sell shares to generate wealth.
  • Risk-free practice: Stock market trading games allow users to gain trading experience without risking any of their own money, meaning they won’t end up out of pocket if they make a mistake.
  • Try different trading strategies: Stock market trading games provide an opportunity to put some of your trading ideas and investment strategies into practice without exposing yourself to any risk.

Cons of playing stock market trading games:

  • Unrealistic confidence: Playing a stock trading game is not the same as investing in real life, and it can lead to an unearned sense of confidence which can be detrimental when investing in the real stock market.
  • May not be entirely accurate: Some games may not be entirely accurate and may not reflect the real-world market conditions, which can lead to confusion and unrealistic expectations. That’s why it is important to always use real-time trading simulators.

Summary

In conclusion, stock market games have come a long way in terms of realism, education, and user-friendliness. Whether you are a beginner or an experienced trader, there is a stock market game that can help you improve your skills and develop your trading strategies. The games mentioned in this article are some of the best available in 2023, but it’s important to remember that the best game for you will depend on your individual needs and preferences.

Consider the criteria mentioned in this article, such as realism, educational value, and user-friendliness, when making your choice. With the right stock market game, you can learn about investing, practice new strategies, and have fun all at the same time. As technology advances, we can expect more realistic and sophisticated stock market games to come. It’s always important to stay updated with the latest trends, and to keep learning to be the best trader you can be.

Names of forex traders in USA

18 SECRET Forex Currency pair Nicknames (2023)

Names of forex traders in USA
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Can you name which currency pairs have nicknames Barnie and Betty? Yes, those from the Flinstones If you can, well done! If not, don’t worry, the world of forex (not forgetting forex trader names) and finance is filled with the imaginative, amusing and odd!

Which currency pairs have nickname Barney and Betty?

secret currency nicknames
Correct! Wrong!

secret currency nicknames

The secret currency nicknames
Explanation: And just for the record, Barney refers to the U.S. Dollar / Russian rouble currency pair, while the Betty refers to the Euro / Rouble pair.

Share your Results:

Here is the list of nicknames for the most popular currencies and their pairs used by pro Forex traders and media outlets like Bloomberg, CNBC, Investopedia, FT etc.

  • USD (U.S. Dollar) โ€“ Greenback or Buck
  • GBP (British Pound) โ€“ Sterling
  • EUR (Euro) โ€“ Fiber
  • CHF (Swiss Franc) โ€“ Swissy
  • CAD (Canadian Dollar) โ€“ Loonie
  • AUD (Australian Dollar) โ€“ Aussie
  • NZD (New Zealand Dollar)- Kiwi
  • NOK (Norwegian Krone) – Noki
  • SEK (Swedish Krona) – Stoki
  • EUR/GBP (Euro/ British Pound) – Chunnel
  • EUR/JPY (Euro/ Japanese Yen nickname) – Euppy
  • EUR/USD (Euro/ U.S Dollar) – Fiber
  • GBP/USD (British Pound/ U.S Dollar) – Cable
  • GBP/JPY (British Pound) – Gopher
  • USD/JPY (U.S Dollar/ Japanese Yen nickname) – Ninja
  • USD/RUB ( U.S Dollar/ Russian Ruble) – Barney
  • EUR/RUB ( Euro / Russian Ruble) – Betty
  • EUR/BTC ( EURO/Bitcoin ) – Nakamoto

How many currencies are in the world?

There are 180 currencies globally, as recognized by the United Nations. The most popular one is definitely USD that is used as a reserve currency, also known as the “reserve currency of the world”.

In terms of longevity, the British pound is by far the oldest, having a history of over 1200 years. South Sudanese pound, on the other hand, is the newest currency we know of. It was made official on July 18, 2011, in South Sudan.

Did you know that you can dive into the exciting world of currency trading yourself? Whether you’re a novice or an experienced trader, why not take your skills to the next level with an interactive trading simulator? Practice your strategies, learn from your successes and failures, and train to become a financial wizard. Remember, in the virtual world of trading, fortune favors the bold and the well-prepared!


A Rally for the Buck?A Rally for the Buck

With a new president coming to the White House, the U.S. Dollar has been rallying recently. A U.S. Dollar is also called a buck from the time when hunters used to use the skin of the male deer for trading. A male deer is called a buck, and the name stuck when paper money became common. So if you hear on Bloomberg that โ€œthe buck is rallyingโ€ that means the U.S. Dollar is increasing.


Sterling stumbles?Sterling stumbles

The official currency of the United Kingdom of Great Britain is called the Pound Sterling. So if you hear that the โ€œSterling has stumbledโ€ that means that the Pound has gone down in value compared to other currencies. This can happen when bad financial news affects the UK, such as when the Brexit vote occured.


Why Is The Euro Called the “Fiber”?Why Is The Euro Called the "Fiber"?

The Euro has attracted the nickname โ€œFiberโ€ which is taken to be a reference to the new age cotton polymer fiber blend that is used in each banknote


Why do Canadians use Loonies?Why do Canadians use Loonies?

Canada introduced a new one dollar coin in 1987. The image on one side is of a common bird, the loon in front of a Canadian landscape. Since then, both the dollar coin and the currency have been known as the โ€œloonieโ€.


Kiwi slips?Kiwi slips?

Half a world away, New Zealand also uses a bird as a nickname for its currency. The tini Kiwi bird is native to New Zealand and the local currency is called the โ€œKiwi Dollarโ€ or โ€œKiwiโ€ for short. So if you hear a commentator saying โ€œthe Kiwi has slippedโ€ it means it has declined in value.


USD/JPY – Ninja in the newsUSD/JPY - Ninja in the news

Japanese currency is known as the Yen, and is unique because it is much higher denomination than most other major currencies. For example, one U.S. Dollar isย  currently equal to around 115 Yen!


Which currency pair is the Chunnel?Which currency pair is the Chunnel?

Another odd currency pair name is the โ€œChunnelโ€. This is the pair between the Great Britain Pound and the Euro. The pair takes its name from the English channel tunnel that connect the UK and France.


AUD/USD โ€“ aussie and ozzy, why?AUD/USD โ€“ aussie and ozzy, why?

Australians are well known for shortening names into nicknames and the AUD to USD currency pair is another name for forex trader nicknames. The pair is simply referred to as the โ€œAussieโ€.

Currency trading can seem confusing at first, but the interesting nicknames used by insiders make it really easy to learn and remember the dozens of currencies and pairs. Keep coming back and youโ€™ll be an expert in no time!

Frequestionly Asked Questions

Names of forex traders in USA

The are many day trader nicknames for forex traders in USA. We have them all covered on our website!

Day trader nicknamesย 

All great day traders usually have cool trader nicknames to help them stand out from the crowd and be recognized in the industry. You can see many of the names of forex traders on instagram.

Names of forex trading companies

All the names of forex trading companies are not created equal. The process of finding a forex broker that is right for you can be a daunting task with all the information you need to search through and false information. You probably have heard a lot about forex trading but donโ€™t know where to start. This list should help you find a good forex trading company that will meet your needs and fit your level of expertise.

15 Hottest Forex Strategies & Trading Patterns

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forex trading strategies

Are you using the wrong  Forex trading strategy, or not using a Forex strategy at all which is also a strategy, just a really bad one?!?  ?
Don’t worry we have collected  ? 15 most successful Forex Trading Strategies for beginners. ? If you are not ready to use these trading strategies (especially if you’re newbie trader), we recommend to try copy trading, which allows to enter the world of forex trading in a much easier way. ?

How to Choose The Best Forex Trading Strategy?

We have classify 4 best trading strategies and found the best forex patterns for each: 

#1 Position trading โ€“ Holding positions for an extended period of time (months and years). This kind of forex trading is reserved for the ultra-patient traders, and requires a good eye to be able to spot the underlying long term trend. ?๏ธ This is the polar opposite of day trading as short term fluctuations are not taken into account when position trading.

Most popular position trading patterns:
Inside Day Pattern
Pullback Pattern

#2 Swing tradingโ€“ A style of trading that keeps trades open from a couple of days to a few weeks. Swing traders primarily use technical and fundamental analysis to look for a profitable trade, and once a chunk of the price is captured, move on to the next one. A good eye for analyzing price trends and patterns. Suited for people who canโ€™t spend the whole day in front of the screen.?โ€?

Most popular swing trading patterns:
Head And Shoulders
Support and Resistance
Swing Trading Pattern
The Outside Bar 
Double Top Pattern

#3 Scalping trading โ€“ Scalping is like those high action movies that keep you on the edge of your seat. Itโ€™s fast paced, exciting, and mind-rattling all at once. Trades here  are usually only held onto for a few seconds to a few minutes at the most! โฐ

What makes up for the small profits is the sheer number of trades opened and closed. A few pips here and there may add up to a significant amount in the end.

Since scalpers basically have to be glued to the charts, it is best suited for those who can spend several hours of undivided attention to their trading.?

Most popular scalping patterns:
1 min Forex News Trading Strategy

#4 Day trading โ€“ Typically only taking a few trades a day and closing them before the day is over. Day trading is suited for forex traders that have enough time throughout the day to analyze, execute and monitor a trade. Still requires more attention and analysis than swing or position trading but if you think scalping is too fast but swing trading is a bit slow for your taste, then day trading might be for you. ?

Most popular day trading patterns:
The Double Red Pattern
Pin Bar Pattern
The Breakout Strategy
Three Black Crows and Three White Soldiers
The 2 Doji Candlesticks
Double Bottom Pattern
Double Inside Pattern

#1 HEAD AND SHOULDERS PATTERN TRADING STRATEGY 

โฐ Time Frame: 4h/1 day
? Currency Pairs: Any

A head and shoulder pattern will in many instances occur on an uptrend. ? Whenever this signal appears, it signifies that the uptrend momentum may have died, and a down trend is about to kick in.  In simple words, it signifies that the price of a security that has been on the rise, may start falling. ?

It is formed whenever a lower peak (the first shoulder) – is followed by another higher peak (or the head), and then another lower peak (the second shoulder).

โ€ผ๏ธNOTE: The head should be the highest peak, while the shoulders on both sides of the head should be below the head.โ€ผ๏ธ

If you then draw a line connecting the lowest points of the two troughs, you get a โ€œnecklineโ€. You will do well to remember that if the neckline is sloping downwards, the signal is interpreted as more reliable. โ˜๏ธ

How To Profit From The Head And Shoulder Pattern??

  1. You need to wait for the price to pierce below the neckline. 
  2. Place your SELL order at the close of the break out candle
  3. Your stop loss should be a few pips (3-5 pips) above the right shoulder.
Head and shoulders pattern


#2 THE PULLBACK PATTERN TRADING STRATEGY

โฐ Time Frame: 1h
? Currency Pairs: Any

Pull back strategy in this case implies waiting for the market to retrace from the overall trend, and then jumping in. In simple words, you enter the market when there is a short term deviation from the dominant trend.?

If the market is in an uptrend ?, it is very obvious that the market will not just keep going up. ? At some point, the market will โ€œpull backโ€ before pushing up further. This present you as a trader with the perfect opportunity to join the trend. ?

โ€ผ๏ธYou will do well to remember that this strategy can be applied on both uptrends and downtrends. In a down trend, simply wait for the market to bounce off a retracement, then jump in and ride the bearish trend. โ€ผ๏ธ

How To Profit From The Pullbacks Pattern? ?

1. Identify a long term trend, in this case we have long term bearish trend. 

2. Identify a pull back in the long term trend you just identified. A bullish move within the overall bearish market.

3. Wait for the price to pull back to a resistance or support level, and enter a sell order

4. Place your stop loss some few pips below/above the support/ resistance level

The pullback pattern


#3 1 MIN FOREX NEWS TRADING STRATEGY

โฐ Time Frame: 1min
? Currency Pairs: we suggest EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD

Whether you are a newbie ?, or even an experienced trader ?โ€?, am sure you know that economic news move currency prices, its also called fundamental analysis. Such economic news include the all time popular non-farm payroll, employment rates or even interest rates decision. But how can we tap the power of these economic news to our advantage? ? The 1 min forex news strategy lets you do this. โ˜๏ธ

To trade this strategy, first wait for the announcement, check out the economic figures announced, wait for the initial reaction to die and then take action. ? Letโ€™s say the ?? Federal Reserve has raised interest rates from 2%-2.5%. With this strategy, you should wait for the initial reaction to die, and then enter your position. 

How To Profit From The 1 Min Forex News Trading Strategy??

  1. Identify news you want to trade, and then find out their scheduled time from your forex calendar. Use for example ForexFactory calendar.
Forex Factory economic calendar
Forex Factory Economic Calendar
  1. After the news has been released, refresh your calendar to check out the released figures.
  2. If the news are favourable for the base currency,  price will obviously soar, and vice versa.
  3. Turn to the 1 min time frame, and check out for the candlestickโ€™s highs and lows.
  4. Assuming the news were favourable to the base currency, and the price is soaring up high making higher highs and higher lows. 
  5. Watch out for any retracements, in this case lower highs or lower lows.
  6. Buy when a candlestick breaks the high of a previous candle
1 min forex news trading strategy


#4 The Inside Day Pattern Trading Strategy

โฐ Time Frame: 1day
? Currency Pairs: any

The inside day is one of the most important chart patterns you need to familiarize yourself with. Even if you opt not to trade the pattern, it will help you uncover important clues in the market. ?

Inside day pattern is a two candle pattern where the second day candle is completely engulfed within the ranges of the previous day candle. In short, the highs and the lows of the second day candle are completely within the range of the previous candle. It signals a possible break out in the market.  A break out is a sharp price movement in either direction; up or down.

โ€ผ๏ธAn inside day clues of an eventual break out, but doesn’t tell you the direction of the breakout.โ€ผ๏ธ

How To Profit From The Inside Day Pattern? ?

  1. Begin by marking the high and the low of the โ€œinside day candleโ€ i.e. the second candle.
  2. If subsequent price actions break this range upwards, then buy. If it breaks the range downwards, then sell.
  3. Place your stop loss a few pips above/ below the inside day. For a bearish market place above, for a bullish market, you will place below.
the inside day pattern


#5 SUPPORT AND RESISTANCE TRADING STRATEGY

โฐ Time Frame: 1h
? Currency Pairs: Any

Support and Resistance is one of the most popular strategies you can use. ? It’s quite simple and itโ€™s used to identify critical areas of the markets, including the market direction, and timing for entry โฐ, and exit positions.

Support refers to the area on the price chart where prices have dropped, but then also struggling to break below. Resistance is that position on the price chart where prices have risen ?, but are struggling to break above. These positions are usually highlighted using angled or horizontal lines, known as trend lines.

How To Profit From The  Support And Resistance Strategy? ?

  1. Mark the significant support/resistance areas. 
  2. Wait for the price to reach this region, and as it bounces off, you take your position. So if it bounces off a resistance level, you sell. If it bounces off a support, you buy.
  3. The stop loss should be placed below the support, or above the resistance level.
support and resistance


#6 THE DOUBLE RED PATTERN TRADING STRATEGY

โฐ Time Frame: 1h
? Currency Pairs: Any

As the name suggests, this pattern is marked by two successive red candles. The second candle usually closes lower than the first candleโ€™s bottom shadow. This implies that the prices came lower than the lower of the previous trade. It points to an imminent downward trend. ?

โ€ผ๏ธ It’s important to note that this pattern should not be used in a volatile market. Hence, it’s not suitable in the event of expected big news. ?  This is because any major news can be reason for disruption in market trends.  โ€ผ๏ธ

How To Profit From The Double Red Pattern? ?

  1. Identify and pick an asset you would like to trade. Carefully watch the price movements on the price charts until you can recognize the first red bar. Then, patiently wait for the  second red bar to form.
  2. You can only confirm the pattern once the second red bar closes lower than the first red pattern.
  3. Wait for a third red pattern to appear below the second red pattern, then you can execute your sell order.
the double red strategy


#7 SWING TRADING PATTERN TRADING STRATEGY

โฐ Time Frame: 1 week
? Currency Pairs: Any

A new trader ? can immensely benefit ? from the swing strategy. Itโ€™s based on short term trading trends, allowing you to hold an asset just for a short time. The  pattern relies on only taking small profits while cutting losses much quicker.

The rule of thumb is that, positions using this technique can be held within a few days to a couple of weeks. The time factor โฐ is quite crucial, with the average length being between 5 to 10 days. This allows for small gains, which eventually builds your portfolio. ?

โ€ผ๏ธIn short, when swing trading, one needs to identify swings within the trend and then take position. โ€ผ๏ธ

How To Profit From The Swing Pattern? ?

  1.  Begin by identifying a trend that you want to take advantage of
  2. Then as the market goes up, be on the lookout for swing lows
  3. Buy during the swinglows incase itโ€™s an uptrend. For a downtrend, sell during swing highs
  4. Place your stop loss some few pips below the swing low for a buy position, and a few pips above for a sell order.
swing trading pattern


#8 PIN BAR STRATEGY/PINOCCHIO PATTERN TRADING STRATEGY

โฐ Time Frame: 1h, 4h
? Currency Pairs: Any

The pin bar strategy is a fundamental trading technique usually identified by a long shadow with a small real body. The pattern appears with a single price bar in the form of a candlestick, indicating a sharp reversal and price rejection. ?โ€?

The tail of the pin bar  shows the area where there is price rejection.This suggests that the prices will continue moving in the opposite direction of the tail point. 

โ€ผ๏ธ The shadow should be at least twice the body, that is 1:2. And the longer the shadow compared to the body, the more effective the pattern. โ€ผ๏ธ

How To Profit From The Pinbar Pattern??

  1. Identify a pinocchio pattern occurring around key areas of support and resistance.
  2. At the close of the candle, open a trade opposite to the direction of the shadow. Like in our case, the shadow is is bullish, so we open a sell position
  3. Place your stop loss a few pips above or below the shadow.
pin bar pattern


#9 THE BREAKOUT PATTERN TRADING STRATEGY

โฐ Time Frame: 4h
? Currency Pairs: Any

A break out is usually formed when prices trading in a certain price range breaks it, and trades below or above the range. It could also happen when prices break a certain level, be it a resistance, support, fibonacci or even pivot points.

โ€ผ๏ธ The strategy is to enter the market as soon as the breakout happens, and only exit when the volatility dies.โ€ผ๏ธ

How To Profit From The Breakout Pattern? ?

  1. Identify a security trading within a range, like in the channel below.
  2. Enter your sell position as soon as the price breaches the channel. In this case, itโ€™s a sell as it breached the channel downwards. To be even safer, you can wait for a second candle to confirm a break out before taking your position in the direction of the break out.
  3. Place Stop loss a few pips inside the channel.
the breakout pattern


#10 THE THREE BLACK CROWS PATTERN TRADING STRATEGYย 

โฐ Time Frame: 1 day
? Currency Pairs: Any

The three black crows is a bullish pattern which you can use to predict a potential reversal in an existing uptrend. ? It features three bearish candlesticks after an uptrend.

Before trading this pattern, ensure that the second soldier has a larger body than the first soldier. ? Also, the second candle should close near its high, leaving a small upper shadow. Lastly, the third candle(soldier) should be at least the size of the second soldier. 

How To Profit From The Three Black Crows Pattern? ?

  1. Identify a three black crows pattern on a bullish trend.
  2. Place a sell order at the close of the third soldier
  3. Place your stop loss just above the first crow
three black crows pattern


#11 THE 2 DOJI CANDLESTICKS FOREX BREAKOUT STRATEGY

โฐ Time Frame: 1h/4h
? Currency Pairs: Any


This trading strategy is characterized by 2 successive Doji patterns, which usually provide the best risk to reward strategy for investors. Doji signs are + like candlesticks that signifies a form of indecision in the market. ? The formation is a signal of an up/down battle between the bears and the bulls. โš”๏ธ  And a break out in either direction may be imminent.

How To Profit From The 2 Doji Candlesticks Pattern? ?

  1. Identify two successive doji candlestick.
  2. Mark the highs and the lows of the pattern. 
  3. Place a buy stop order a few pips above the pattern and a sell stop just below the border of the pattern.
  4. Place a stop loss for the buy stop just below the lower border, and a stop loss for the buy stop just above the upper border.
2 doji candlesticks pattern


#12 THE OUTSIDE BAR PATTERN TRADING STRATEGY

โฐ Time Frame: 4h and daily
? Currency Pairs: Any

An Outside Bar is a compelling reversal trading strategy whose current candle high and low  engulfs the previous. You can implement this strategy to help in determining the bullish/ bearish reversal trends that could be about to take place in the market.?

It’s quite easy to recognize this formation on the charts, as both the high and lows of the previous candle are within the ranges of second candle.

โ€ผ๏ธ Remember, if this happens in a strong downtrend, then the probability of reversal is even higher. โ€ผ๏ธ

How To Profit From The Outside Bar Pattern? ?

  1. Mark the borders of the outside bar
  2. Go long at the break of the outside bar
  3. Stop loss should be placed a few pips above the high or low of the outside bar
outside bar pattern


#13 THE DOUBLE BOTTOM CHART PATTERN TRADING STRATEGY

โฐ Time Frame: 1h/4h
? Currency Pairs: Any

The Double Bottom is one of the most popular and simplest reversal patterns on the price charts.? It will normally happen when the price tests a support area twice forming two bottoms.

This pattern usually forms after a long stretch downwards, and which you can use to make long position.
 

How To Profit From The Double Bottom Pattern? ?

  1. Identify a double bottom in a long term downtrend market
  2. Place a buy stop order just above the neckline
  3. Put your stop loss just below the second low of the double bottom
double bottom pattern


#14 THE DOUBLE TOP PATTERN TRADING STRATEGY

โฐ Time Frame: 1h/4h
? Currency Pairs: Any


Double Top is a reversal trading pattern, which begins with a bullish trend. It consists of a price swing that occurs at the same level on the price chart.

Two tops mark this pattern, and after the formation of the second top, it’s evident that the price action may start to drop, moving into a bearish trend.  ? It is formed ones the bullish price reaches the same high point twice without breaking it.

How To Profit From The Double Tops? ?

  1. Identify a double top in a long term uptrend market
  2. Place a sell stop order just below the neckline
  3. Put your stop loss just above the second high of the double bottom
double top pattern


#15 THE DOUBLE INSIDE BAR TRADING STRATEGY

โฐ Time Frame: 1h/4h
? Currency Pairs: Any

The Double Inside Bar is a trend reversal pattern consisting of two inside bars, which usually form next to each other. ? The second candlestick often forms inside the shadow of the previous inside bar, leading to an engulfing characteristic.

The most common cause of these formation is as a result of high volatility in the forex market. At this point, there is always high anticipation of a breakout towards an uptrend or downtrend.

How To Profit From The Double Inside Bar Pattern? ?

  1. Identify the pattern in this case, two successive inside bars
  2. Place a buy stop order just a few pips above the first inside bar, and a sell stop order a few pips below the first pin bar. 
  3. Your stop loss for the buy stop order should be placed a few pips below the first inside bar. The stop loss for sell stop order on the other hand should be placed a few pips above the first inside bar.
double inside bar pattern

If you enjoy this article like and share these strategies on your social media timeline โค๏ธ

10 Best Dividend Stocks To Buy

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highest dividend stocks
Most people assume that the only way to make money through stock trading is by capital gain โ€“ essentially buying low, and then selling for a higher price at a later time. However, another way to earn money through the stock market is by investing in stocks dividends. This can be a great way to boost your income – without having to do anything! โœŒ๏ธ


If you take just 5 minutes to read this article, your understanding of dividend-paying stocks will skyrocket (like Bitcoin ??), meaning you can then use your knowledge to help you create a passive income stream. Let’s go? ?

Which Stocks Pay the Highest Dividends?

The stock dividends list below highlights some of the companies that pay the highest dividends. Companies such as Royal Dutch Shell and Altria Group are attractive prospects for investors, as they offer a reliable way to generate more cash flow. Furthermore, if these companies continue to grow and prosper, dividend payments can increase even more and will provide a growing passive income stream for stockholders. If you want to invest in these dividend stocks, check also the best forex brokers article to choose the most reliable fx broker.ย 

Your capital is at risk

COMPANY NAME

DIVIDEND YIELD (%)

Energy Transfer Equity (ET)

17.81%

Icahn Entrpres Depositary Units (IEP)

14.04%

Royal Dutch Shell (RDSB)

10.65%

Imperial Brands (IMB)

9.15%

Altria Group (MO)

7.80%

British American Tobacco (BATS)

7.62%

Enterprise Products Partners (EPD)

7.61%

Kinder Morgan (KMI)

6.61%

International Business Machines Corporation (IBM)

5.43%

Ford Motor (FORD)

5.23%

 

What are dividends?

Although you may not have heard of the term before, dividends are pretty simple to understand. The stocks dividend definition is a โ€˜token reward paid to the shareholders of a company for their investment in their equityโ€™. The easiest way to think of them is as a cash payment made from the company to the shareholders. A lot of the time, companies will use their profits to further enhance their business by purchasing new equipment, hiring new employees, and so on; companies that do this tend to be expanding, and pay whatโ€™s known as growth stock dividends (smaller amounts), if they pay at all. However, companies that do pay dividends will instead take a portion of these profits and distribute them to shareholders as a sort of โ€˜bonusโ€™.

 

But you might be wondering how often do stocks pay dividends? Usually, these dividends are paid once a year, twice a year, or even monthly. Dividend payments are usually calculated as a percentage of the share price. So, imagine you own a share of a company that is worth $50, and the company pays a 5% dividend annually. You would then receive 5% of $50, which is $2.50, as a dividend payment. Furthermore, if you owned two shares of that company, you would receive a dividend on both shares; so you’d receive a $5 dividend. As you can see, the more shares you hold, the larger your dividend would be.

 

You might be wondering what stocks have dividends? One example of a dividend-paying company is Mcdonalds. In 2020, it paid its investors a total of $5.05 per share in dividends. For example, if you bought 10 shares of Mcdonalds in 2019, you would receive $50.50 in dividends in 2020. Thatโ€™s enough to buy 8 Big Macโ€™s afterwards! ?

McDonaldsโ€™ dividend historyย 

mcdonald dividends

5 Steps to Choose the Best Dividend Stocks

Following this step-by-step guide will help to ensure that you select the best dividend stocks:

1. Look for consistency

Long term profitability is one of the key metrics you should look out for when researching which stocks have dividends. The best stocks dividends come from companies that demonstrate consistent growth in revenue. Furthermore, you should also ensure that the company has consistently paid dividends over the previous few years, to provide confidence that they will continue to do so. Inconsistent companies may decide to suddenly stop paying dividends on common stock, choosing to only pay out preferred stocks dividends.

2.Check out the companyโ€™s financials

Stocks giving dividends tend to come from firms that have strong underlying financials. One of the key things to look out for is companies with a high debt level. These types of companies tend to either pay a poor dividend or don’t pay one at all, as they choose to use their profits to pay off sections of their debt. Another key thing to look for are companies that have a strong and consistent cash flow; firms that have this are much more likely to pay a suitable dividend.

3.Ensure a good dividend yield

The dividend yield refers to the stock’s annual dividend payment and is usually displayed as a percentage of the current stock price. A good yield is important as it indicates a strong company, and it also ensures you receive a solid payment each year. Blue chip stock dividends tend to provide the best yield; these are commonly thought of as the most reliable, established companies and are usually in a relatively good financial position.

4.Look for an acceptable payout ratio

The payout ratio is one of the most important things to consider when deciding which dividend-paying stocks to invest in. Put simply, it determines how much of the money a company makes is paid out as dividends. A bigger payout ratio is not necessarily better; larger ratios mean a company pays a lot of its revenue out to shareholders, and therefore might not have enough money left if their business unexpectedly takes a hit.ย 

5.Analyze the historical dividend growth rate

Finally, investors must analyze the dividend growth rate over time to make the best decision. Companies that have a good annual dividend growth rate are more attractive than others for investors who are looking for good dividend-paying stocks, as these companies are usually the most motivated to provide larger dividends each year. This motivation can prompt management to make appropriate decisions to increase revenues and cash flow, which will allow for healthy dividends to be paid.

Do brokers pay dividends?

Your broker does not ‘pay’ the dividend per se; they essentially facilitate the transfer of the dividend payment from the company to your account. Imagine you had invested in Apple, and they paid out a dividend to you worth $50. Your broker would receive this dividend on your behalf and deposit it into your account. You would then be able to use the money as you see fit.

Itโ€™s important to note that your account can be credited OR debited, if you are investing in a stock, ETF or index that pays a dividend. This all comes down to whether you are holding a long or short position on the asset. If you are holding a buy position, you will receive the dividend payment into your available balance. If you are holding a sell position, the related dividend payment will be deducted from your available balance.

When am I entitled to receive dividends?

You will only receive or pay a dividend if you hold an open position at the market close the day before the ex-dividend date. To understand this, if you purchase a stock on the ex-dividend date or after, you will not receive the next dividend payment. You can find this ex-dividend date on the corporate website of the company.ย 

An example of this would be if you read that Starbuck’s ex-dividend date is on December 12th. In order to receive a dividend, you must open a LONG position in SBUX before 20:59 (GMT) on the day before. On the other hand, if you open a SHORT position in SBUX before 20:59 (GMT), you will owe a dividend payment. So, make sure you know what to expect when making a buy/sell decision before the ex-dividend date.

How much will I get from stock dividends?

The dividend you are entitled to depends on the size of your trade and not on how many shares you hold; this is because you don’t hold the actual share, but a CFD contract that follows the price of the underlying share. As the size of your CFD trade isn’t usually 1:1 with the share price, some calculations must be made to estimate the dividend you will receive; check out the example below.

Calculating your dividend – example:

  • Let’s assume that Coca-Cola is trading at $200 per share, and that you invested $50 in a LONG position through your broker.
  • Obviously, the value of your trade would not be 1:1 with the share value, as you have not invested enough to buy one full share.
  • So, to calculate what percentage of a share you own, you divide the amount you have invested with the share price. In this example, you would do the following – $50/$200. This would give you 0.25, or 25%.
  • Then, to calculate how much dividend you are entitled to, you must multiply the dividend that Coca-Cola pays per share, with your trade size. So, using our previous example, let’s say Coca-Cola pays a $2.50 dividend per share. The calculation would then be as follows – $2.50 x 0.25. This would give us a dividend payment of $0.62.

An important point to note is that the calculations are the same for if you were involved in a short trade. You would follow the same format as in the example above to work out how much you would owe as a dividend.

FAQ

What stocks pay dividends monthly?

Stocks that pay dividends every month are a great way to earn a consistent income. Some examples of stocks that pay dividends monthly are Main Street Capital, Stag Industrial, and Shaw Communications.

How often do stocks pay dividends?

Stocks can pay dividends annually, twice a year, or even quarterly. Itโ€™s wise to check the companyโ€™s stocks dividend calendar to ensure you know when each payment will arrive.

How to tell if stocks pay dividends?

The best way to tell if stocks pay dividends if by looking at financial news sites, the companyโ€™s website, the stock exchange, or even through your broker.

What are some stocks with great dividends?

Cheap stock dividends tend not to have the highest dividend yield, but there are some great companies out there that pay high dividends. Some examples are Prudential (5.35% yield), IBM (5.14% yield), and the Omnicom Group (4.14% yield).

investing_podcasts

10 Best Investing Podcasts to Listen to

investing_podcasts
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best_investing_podcasts

Investing podcasts are one of the most practical and enjoyable ways you can learn about the financial markets. You can listen to them anywhere you’d like โ€“ whether it’s whilst driving to work ?, eating breakfast ? or completing a workout in the gym ?๏ธ, investing podcasts are an ideal way to educate yourself in a passive manner that allows you to do other things whilst also learning.

With the podcast market set to reach a valuation of $1 billion in 2021, thereโ€™s never been a better time to research and broaden your knowledge through the medium of podcasts.

In this article, we will examine ten of the best investing podcasts for beginners.


ย 1.Best Overall – We Study Billionaires (The Investorโ€™s Podcast Network)

?๏ธ Saturdays
โฐ 45-60 minutes
? Spotify, Apple, Website

Hosted by Stig Brodersen and Trey Lockerbie, this podcast takes a detailed look at some of the top names in the financial world, including Warren Buffet and Howard Marks. The hosts will often break down the careers of famous investors such as these, providing actionable tips that you can use in your everyday life.

The topics covered within the podcast offer something for everyone. With discussions ranging from commercial real estate to hedge funds, Stig and Trey make sure that all the bases are covered so that listeners get a comprehensive overview of the current state of the financial markets. Whatโ€™s more, the hosts are frequently joined by some of the worldโ€™s top financial executives, offering their knowledge and insight into current market issues.

we_study_billionaires

2.Best for Expert Financial Opinions – Mad Money w/ Jim Cramer

?๏ธ Weekdays
โฐ 45 minutes
? Spotify, Apple, Website

Former hedge fund manager Jim Cramer hosts this podcast on CNBC, focusing mainly on various companies and the potential performance of their stocks. Jim is highly experienced in the financial markets and is even founder and contributor to the popular investing website TheStreet.com. Through the Mad Money podcast, Jim aims to educate investors so that they can reach a point where they are comfortable making financial decisions on their own.

The great thing about this podcast is that a video element is also offered, which is excellent for people who want to watch and listen whilst at home or even whilst jogging on a treadmill. Furthermore, Jim and the Mad Money team often break down market news, most recently discussing the impact that new aircraft had on Boeing’s stock.

mad_money

3.Best for Stock Analysis – Motley Fool Money

?๏ธ Fridays
โฐ 40 minutes
? Spotify, Apple, Website

This podcast covers the top business news and financial headlines each week, providing listeners with a thorough look at the current state of the markets. Host Chris Hill is often joined by a panel of investment experts who dive into popular investing topics, providing insight into various companies and offering suggestions around potential stock picks.

With episodes only around 40 minutes long, these podcasts are ideal for listening to if you’re doing some housework or going out for a walk. Chris and the team explain things in an easy to understand manner, ensuring the podcast appeals to both beginners and professionals alike. So, if you’re looking for a weekly podcast that is ideal for straightforward stock analysis, then Motley Fool Money could be an excellent option for you.

motley_fool_money

4.Best for Quick & Easy Financial News – Digest & Invest by eToro

?๏ธ Wednesday
โฐ 15-20 minutes
? Spotify, Apple, Website

If youโ€™re looking for short podcasts that discuss financial topics in a quick and digestible manner, then this podcast ticks all the boxes. Digest & Invest by eToro is hosted by Dylan Holman and Henry Ward, who discuss the top market news that occurred in the past week and break down how this could affect related companies’ stock prices.

The great thing about this podcast is that each episode is only 15-20 minutes long, meaning they are great for people short on time but who still wish to educate themselves. The podcasts tend to focus on three companies each week, analysing the outlook for their stock price in the future. Furthermore, some podcast episodes even explore other asset types such as indices and commodities, ensuring you have a broad overview of what is happening in the financial markets.

diggest_invest_etoro

5.Best for Engaging Interviews – Invest Like a Boss

?๏ธ Wednesday
โฐ 15-20 minutes
? Spotify, Apple, Website

Hosted by Sam Marks and Johnny FD, two self-made millionaires, Invest Like a Boss is a fantastic podcast if you are someone who enjoys listening to insightful interviews from top business executives and revolutionaries within the industry. The podcast covers a wide variety of everyday topics but also dives into some niche topics, such as Peer-to-Peer Lending, Real Estate, and even Cryptocurrency.

Through their interviews with various experts, Sam and Johnny aim to provide investors with exclusive knowledge to help inform investment decisions. What’s more, the hosts occasionally offer ‘one-off’ podcast episodes where they cover fun and exciting topics, such as ‘Sam’s Top 10 Biggest Investment Mistakes’. The interesting interviews, combined with the down-to-earth tone, make this podcast a favourite of many people worldwide.

invest_like_a_boss

6.Best for Advanced Topics – Invest Like the Best with Patrick O’Shaughnessโ€ชy

?๏ธ Tuesdays
โฐ 60 minutes
? Spotify, Apple, Website

Patrick O’Shaughnessโ€ชy is an expert in the financial field, having founded his own asset management company and acting as CEO for the past few years. Through his in-depth experience, Patrick aims to cover more complex topics in a digestible manner. Recent podcasts have seen guests ranging from multi-stage investment firm managers to company CEOs come onto the show to share their opinion on current market events.

Furthermore, Patrick will often provide helpful insight into topics from an asset manager’s perspective, giving you an idea of how top-level executives think when it comes to investing. Furthermore, podcast episodes will often be dedicated to analysing one company in particular, most recently examining Alibaba and Shopify. Through these discussions, the podcast aims to provide listeners with the tools to make informed investment decisions.

invest_like_the_best

7.Best for Easy to Understand Financial Advice – Money For the Rest of Us

?๏ธ Wednesdays
โฐ 25-30 minutes
? Spotify, Apple, Website

If you’re a beginner in the investing space and are looking for an educational podcast that isn’t too advanced, then Money For the Rest of Us might be worth checking out. Hosted by J. David Stein, each podcast episode is dedicated to one particular topic, breaking it down and making it easy to understand for new investors. Recent topics covered include ‘How to invest in farmland’ and โ€˜Are Non-Fungible Tokens (NFT) a good idea?โ€™.

The great thing about this podcast is that it covers topics related to personal finance too. Due to this, the podcast offers a comprehensive learning resource for retail investors to apply investing knowledge in their everyday lives. Also, podcasts are usually released every Wednesday and tend to be less than 30 minutes in length, ensuring a digestible and brief episode that can be listened to whilst doing a wide range of activities.

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8.Best for Personal Finance – Listen Money Matters

?๏ธ Tuesdays
โฐ 45 minutes
? Spotify, Apple, Website

Listen Money Matters was created way back in 2012 by Andrew Fiebert and places great focus on personal finance and how you can build your wealth gradually over time. This podcast is a favourite of many beginners in the investing and finance space. Each episode is presented in a humorous and informal tone, ensuring it appeals to a wide range of people. Andrew has first-hand experience of being a newbie to the finance world, which allows him to focus on the information that will be most applicable to novice investors.

With over 2000 reviews, averaging around 4.5 out of 5 stars, this podcast is super popular for people who wish to learn whilst on their commute to work. What’s more, Andrew and the team ensure that each episode is new and exciting, with some episodes being based on a guest interview and others providing a tutorial on how to invest in a specific market. Overall, the informal tone and the host’s years of experience make this podcast ideal for people who wish to learn more about personal finance.

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9.Best for Younger Investors – The College Investor Audio Show

?๏ธ Tuesdays
โฐ 45 minutes
? Spotify, Apple, Website

This podcast is aimed towards younger people who wish to learn about personal finance and investment topics to put themselves in a solid position for later life. Host Robert Farrington uses his years of experience to inform and educate students and graduates about how they can invest their money and generate wealth. Also, Robert places a significant emphasis on escaping student debt and provides actionable steps that you can take to do so.

One of the features of this podcast that will appeal to many people is how quick they are โ€“ each episode averages at around seven minutes in length, ensuring that the information is straight to the point with no filler. In addition to podcast episodes, Robert also runs a finance blog which accompanies the podcast, providing further information on personal finance and investment topics.

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10.Best for New Investors – The Stacking Benjamins Show

?๏ธ Tuesdays
โฐ 45 minutes
? Spotify, Apple, Website

Offering three episodes per week, The Stacking Benjamins Show is a fun and educational podcast that doesn’t take itself too seriously. Hosted by Joe Saul-Sehy and Josh Bannerman, the podcast covers all the bases when it comes to finance; whether it’s breaking market news, how-to-invest tutorials, or expert guest interviews, Joe and Josh have it covered.

This podcast offers an excellent tool for new investors to learn about the market, as the hosts make sure not to get bogged down in advanced topics and stick to the core elements that must be discussed. In terms of topics, the podcast discusses a wide variety of ever-changing subject areas, ranging from โ€˜Home Buying Mistakesโ€™ to โ€™10 Lessons for a Successful Retirementโ€™. If youโ€™re looking for an easy-to-understand financial podcast, then The Stacking Benjamins Show is definitely worth a listen.

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Podcasts such as these are a great way to learn passively, as they can be listened to regardless of what you are doing. So, why not stick your earphones in, put on one of these podcasts, and learn on the go!

If you want to get more advanced FOREX tips and secrets feel free to check out our FREE mobile app Trading Game or theย Forex trading eBook (PDF).

Top 10 Finance TikTokers in 2022

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best finance tiktok

Since being launched in 2016, TikTok has taken the internet by storm. In early 2021, the social media platform had 1.1 billion active users around the world. Whilst a lot of the content is purely for entertainment, you will also find a lot of valuable content. For example, youโ€™ll find many channels on TikTok that discuss finance topics in a fun way. Thereโ€™s content for beginners looking to learn more about personal finance all the way to experienced investors looking for advice on stocks.

To help you navigate the world of finance TikTokers, weโ€™ve compiled a list of the top 10 finance TikTokers in 2021. Enjoy!

1. @TheTradingGameย 

The Trading Game is a growing nano influencer TikTok account. From explaining the maths behind dividends to sharing the top finance movies, The Trading Game discusses investing in a fun and easy way.

As well as sharing interesting investment videos, The Trading Game also built a trading simulator for people to learn the ropes before using their own money. The game has over 2 million downloads.

2. @MatteoFinanza

MatteoFinanza is an Italian finance expert who shares videos on a range of business topics. From quotes about money, to smart marketing, and even tax advice, Matteoโ€™s videos are full of value. Be aware though that this channel is entirely in Italian, so youโ€™ll need to understand the language to enjoy Matteoโ€™s TikToks on finance and investment.ย 

matteo tiktok

3. @HumphreyTalks

With over 2.3 million followers, Humphrey Yang is one of the most popular personal finance accounts on TikTok. In his videos he talks about everything from saving on car insurance to explaining how the stock market works.ย ย 

Heโ€™s based in the United States, which means his tax and investment advice is aimed at Americans. That being said, a lot of his videos are useful personal finance or entrepreneurship tips that are relevant to everyone.

4. @BreakYourBudget

Break Your Budget is a channel that discusses money management tips for millennials. Michela, who runs the account, creates videos on everything from retirement basics to building a credit score.ย 

The account has over 635,000 followers and is rapidly growing everyday. Thereโ€™s no surprise why Michelaโ€™s account is growing in popularity, as she empowers her followers to take control of their own finances.

5. @MarkTilbury

Mark Tilbury, the self-made millionaire, has amassed over 6.5 million followers on TikTok. Although Mark doesnโ€™t fall into your average TikTok user age bracket, his videos are filled with value for any interested in money.ย 

Mark dropped out of school at 16 and eventually started his own business. The goal of his TikTok account now is to help young people reach their financial potential. His videos are known for their skits where Mark transforms into various characters to teach his audience about investment and finance.ย 

6. @PricelessTay

With over 1.1 million followers, Taylor Price is another TikTok legend in the finance realm. Taylorโ€™s videos are known for breaking down complicated topics into easy to digest videos that are usually no more than 15 seconds.ย 

Topics she covers include cryptocurrencies, financial independence, and retiring early through smart investment decisions. As well as creating TikTok videos, Taylor founded TAP Intuit, a financial education platform that empowers people to master their money.ย 

7. @TikStocks

TikStocks is an investment and finance account with over 365K followers. Itโ€™s run by Robert Ross, a professional stock analyst. In his videos, Robert shares his tips and advice for choosing stocks.ย 

As well as analysing stocks, Robert also discusses and simplifies investment topics such as how cryptocurrencies work or how bond yields affect stocks. TikStocks is also popular on Instagram, where Robert shares daily trading ideas.ย 

8. @GirlsTalkStocks

Girls Talk Stocks is another great finance account run by Kayla Kilbride. Her tagline is โ€œThe girl who can turn your professor’s 60 minute lecture into a 60 second TikTok.โ€ย 

On Girls Talk Stocks, Kayla shares insights into her own investment journey and describes herself as a beginner investor herself. She discusses finance topics that sheโ€™s thoroughly researched before with the goal of teaching more young people about finance in a more digestible way.

9. @Errol_Coleman

Errol Coleman is a 22 year old TikToker who shares videos on trading and investing. In his videos, Errol talks about everything from his decision to pursue trading to resources that helped him learn.

His videos are a mixture of entertainment and education. As well as creating TikTok videos, Errol also runs a free community where they discuss trading and investment opportunities.

10. @CallToLeap

TikTok CallToLeap is an investment education account with over 800K followers. The channel is run by Steve Chen, a former middle school math teacher turned personal finance educator.ย 

Steve has reached financial freedom and now uses his time teaching others how to retire early. The content on CallToLeap is valuable to everyone, whether youโ€™ve just got into investing or youโ€™ve been in the game for a while.

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40 Funniest Bitcoin Memes To Share With Your Friends

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We all know how stressful cryptocurrency trading can be โ€“ especially in the last few weeks! Crypto markets have shown some crazy volatility ?, with digital currencies plummeting โ€“ and Bitcoin was no exception. The recent announcements by Iran and China have meant Bitcoinโ€™s price has taken a huge hit; and with nobody knowing whatโ€™s going to happen next, it can seem like tough times ahead.ย 

However, to help take your mind off of everything thatโ€™s going on, weโ€™ve created a selection of the best memes about Bitcoin that will help you smile. ? Now all you have to do is sit back, chill out, and enjoy these hilarious Bitcoin memes! ?


1.When youโ€™re out a nice walk but canโ€™t stop thinking about your Bitcoin holdings.ย 


2. Oh Bitcoinโ€ฆwhy do you do this to us?!


3.ย What a difference a year can makeโ€ฆ


4. Sleep is for the weak.ย 


5.When Angelina Jolie tells you to hold, you hold.


6.#WolfofWallStreet #GordonGekkoย 


7. Doing the Billionaire Strut all the way to the bank.ย 


8.Put your hand up if this relates to youโ€ฆ.*puts hand up*


9. Cars? No thanks. More Bitcoin? Yes please!


10. Ok, this one just makes us feel badโ€ฆ


11. That mansion will come one dayโ€ฆwonโ€™t it?


12. If thereโ€™s a picture of someoneโ€™s shocked face in the thumbnail, then you KNOW itโ€™s good researchโ€ฆ.


13. Who wants money in the bank when it could go to the moon?


14.Crypto trading ages you at 5x speed โ€“ fact.


15.Look honey, itโ€™s just one more trade, I promiseโ€ฆ


16. Gandalf was a HODLER, we all know it.ย 


17.Sheโ€™ll never understandโ€ฆ


18. It all seems so easy when itโ€™s written in your plan! Until you press that trade buttonโ€ฆ


19.โ€œDID YOU SEE ELON MUSKโ€™S LATEST TWEET?โ€ โ€“ Every crypto trader in 2021.ย 


20. My kids will thank me one dayโ€ฆ


21. They say not to compare yourself with othersโ€ฆbutโ€ฆ


22. Yeah it doesnโ€™t hurt that muchโ€ฆI promiseโ€ฆ


23. BTC/USD, why u do this 2 me?


24. โ€œHahahah I didnโ€™t think youโ€™d ACTUALLY invest thoughโ€โ€ฆ


25. If you know, you knowโ€ฆ


26. Diamond hands all the way baby!!!


27.But was it even a good pizza though?


28. Why is life so hard?


29. The only party I need is me, my laptop, and the charts.


30. Buying Bitcoin at $10 > Saving the world from destruction.ย 


31. Who needs a stop-loss when youโ€™re a fully-fledged HODLER #ToTheMoon


32. Those electricity bills are gonna be through the roof (no pun intended)


33. ย I guess youโ€™ll be waiting a whileโ€ฆ


34.ย The crypto rollercoaster is fun. I promise you wonโ€™t regret it. Jump onโ€ฆ


35. Tell me a better feeling than seeing those green 1H candles. Iโ€™ll wait.


36. Don’t forget – there are always price corrections.


37. Ohhhhh


38. Bitcoin lately be like…


39.ย  When You hope your neighbour has a good weed, but he is just “investing”.ย 


40. Cheers!

Don’t forget to share these memes with your friends! โค๏ธ

And remember – you can benefit fromย both risingย andย fallingย markets!ย  Learn more about crypto trading by downloading this free Forex Trading Game for Beginners.

Bitcoin traders

Regular Bitcoin Investors Who Got Insanely Rich

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In September 2015, with three Bitcoins you could buy an iPhone 6 Pro.? Now, in 2021, with three Bitcoins you can buy a supercar. ?ย That’s how volatile Bitcoin is.ย  ?


 

Have you made or Lost Money Investing in Bitcoin?


 

The last couple of years have been a particularly wild ride for investors around the world. Many have made millions on the big upswings, yet many have lost large and small investments in the bursting bubbles and sudden market downturns.ย 

The great thing about Bitcoin is that you can possibly make a profit even if the price of Bitcoin falls. Short selling is the act of selling the asset with no requirement of ever having it. This gives you the opportunity to open a sell position on a price decrease and, if it turns out right, can make aย profit from it.

Bitcoin has been the best performing asset by far in 2020 and over the last decade driven by both retail investors and institutional funds.

For a long time, big banks and institutional players mocked the idea of buying Bitcoin, which was reasonable, considering the fact that no one really knew what Bitcoin was. We can also say that it is the people that give a commodity its value and therefore, if a lot of people believe in it, then its value will go up.

Years of mocking turned into frenzied buying from institutional funds and big investment banks to join the bullish rise and add to their portfolios. They are even providing analyses and research on Bitcoin for their clients.

7 people who became rich from Bitcoin

You don’t need to be a Warren Buffet to start investing in Bitcoin: that’s why we have made a list with stories of regular people who got rich from Bitcoin.

Pay attention to #7 video in the end โ€“ its about the Bitcoin millionaire, who lives in a tiny tree house. ?

#1 The Taihuttu Familyย 

Taihutu family
The Dutch family known as the โ€œBitcoin Familyโ€ enjoy a decentralized life, traveling the world and spreading the values linked to the blockchain.

Didi Taihuttu is a husband and father but most importantly, a firm Bitcoin believer. Having invested all of the family’s assets in Bitcoin as a long-term investment, Didi started traveling across the world to enjoy life while his portfolio went up. When asked about the reason for buying this much Bitcoin, he simply said that he wanted to change his and his family’s life. Didi believes that there will be a supply crisis and that Bitcoin’s price can go up to as much as 6 figures. As risky as this adventure is, we have to admire the courage of this family.

Another reason for Didi’s confidence is the exponential rise in institutional investorsย which signals more confidence in this market by pushing up demand from retail traders and driving up volatility. In 2017, Didi invested as much as $200,000 in Bitcoin when it was trading on the lower end and is still holding it, or as is more common in the cryptocurrency world, hodling it.

Fun fact: Hodling (inverted letters on purpose) signifies holding a cryptocurrency for a long time and it started as an actual typo before being adopted as one of the terminologies in this market.

#2 Erik Finman, the Early Birdย 

Erik Finman was 12 years old when he invest $1,000 which transformed into $4.5 Million

What happens when you are 12 years old and decide to buy Bitcoin in its early years? Well, you become a millionaire. Erik Finman was a child when he invested $1,000 which transformed into $4.5 Million. This 20-year-old teen is now a millionaire because of a decision he took when he was a kid. And not only that, he has actually become a Silicon Valley figure and is planning to compete with Facebook’s cryptocurrency Libra.ย The good thing about Erik is that his Instagram page is full of motivational pictures that can encourage your average Joe to believe in himself. As Erik stated, he had a 2.1 GPA in school but because of great ideas, he made it in life.

#3 Peter Saddington, a Brilliant Coderย 

Peter Saddington bought more than 1,000 Bitcoin as a long-term Hodl.

A computer science graduate, Peter Saddington stumbled across some publications discussing the value of Bitcoin which interested him and made him dig deeper in the field. Eventually, he bought more than 1,000 Bitcoin as a long-term Hodl. Years later, he bought a Lamborghini in a show of success and prosperity.

 

 

#4 Kristoffer Koch, an Unexpected Pleasant Surpriseย 

Kristoffer Koch from Norway bought 5000 Bitcoins in 2009 for just $26.60.

In Norway, a man was reading about the astronomical rise of Bitcoin when it struck him that he actually owned a lot of them which are now valued at $850,000. Mr. Koch bought a flat with only a fifth of what he made after tax stating that not even in his wildest dreams did he imagine something like this would happen.ย  It is funny how oneโ€™s life can change fast given a certain decision made in the past. Mr. Koch must have felt like he had won the lottery.

#5 John Ratcliffย 

John Ratcliff invested $15,000 in 150 bitcoin at $100 in 2013 and is now building a $1.4 million โ€œdream house

Ratcliff, a man who bought 150 Bitcoins back in 2013 has seen his wealth skyrocket. Using the profits, he is now building his $1.4 million house on the mountains while awaiting his brand new Tesla Roadster valued at $250,000. It only cost him 6 Bitcoins to buy the car. He then proceeded by paying off his kidโ€™s tuition fees and even set aside some money for charity. Ratcliff is an example of both a successful and philanthropic crypto investor.

#6 Nikki Beesetiย 

Nikki Beesetti, 24, initially invested $2,000 in 2017.

Another success story is the one of Nikki Beeseti, based in London. She invested $2,000 in 2017 and since then, she has paid off her college tuition and bought a supercar. The great thing about Nikki is that she kept her day job while being a crypto trader in her spare time, thus proving that diversifying revenues is also a factor in success.

 

 

#7 Bitcoin Millionaire, who lives in a tree houseย 

 

Should I Invest in Bitcoin?

But does this mean that we will become rich just like they did? Unfortunately, it is not that simple. As I have previously mentioned, Bitcoin is a very risky asset that has the same upside potential as it has downside. In order to invest correctly in this market, make sure you respect the two golden rules:

โœ…Only use extra money or money you can afford to lose when you want to invest. What if you lose your safety net because a new regulation comes out that causes the price to plummet by 50%?

โœ…Ensure that you have the risk appetite and tolerance for this kind of risky investment. In case you feel that you do not have the necessary tolerance, it may be better seeking safer investment vehicles such as stocks or ETFs.

If you want to practice Bitcoin trading without risking with real money then have a look at The Trading Game โ€“ Bitcoin & Forex & Shares Investing Simulator itโ€™s the #1 learning game for beginners, and it is 100% Free. ?

Lets get rich together! ?? ??

how to avoid forex scams

6 Dangerous Forex Scams & How to Avoid Them

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How to avoid forex scamms As long as the Forex market exists, there have been forex scams.? Many fake โ€œtradersโ€ out there often promote big earnings ? and luxury lifestyles ?๏ธ , which โ€œyou can have in few weeksโ€ if you pay them, buy their signals, courses, or join their brokerage. These claims 99,9% are typically false. ?


Forex scammers usually target beginners and uneducated traders. The best way to avoid getting scammed is by choosing only regulated and trusted Forex brokers and learning trading essentials before entering the markets! ? ย 

Forex scams

6 Major Types of Forex Scams to Avoid

There are thousands of Forex scams around us. We have chosen the most popular & dangerous.ย 

#1 Guaranteed Returns Scam

Forex scams come in many shapes and forms, with the simplest and most common scam, which is the guaranteed returns scam. Scammers use this one to access other peopleโ€™s funds easily. Basically, someone will contact you, stating that he has a guaranteed-win strategy and wants you to invest your own funds so that you become rich just like the ones that have already invested with him. What you should know here is that the truth is very far from all of this. There is no strategy, there are no returns, and above all, there is no honesty.

#2 Signals Scam

Another forex scam is the signals scam. Here you must pay a subscription to receive random signals that will have a very different track record from the one you saw before your subscription. It starts with the scammer posting fake track records and false profit statements that a 5-year-old can photoshop. Then, when people start subscribing to this signal provider, suddenly, the market becomes too random to be predicted, and the results go south. Providing signals is extremely difficult due to the different nature of risk profiles, timeframes, and even timezones.

#3 Holy Grail Strategy Scam

Many aspiring traders get scammed because they are trying to find someone who offers them infallible management while using some sort of a perfect strategy. Let us get one thing clear; financial markets can be chaotic, random environments. This means that no strategy can solve such complexity. Every time you see one of those holy grail strategies, you have to disregard them. No one will put this hypothetically perfect strategy online for everyone. Personally, if I had one, I would use it myself and never tell anyone about it.

forex scammers

#4 Email, WhatsApp, and SMS Scams

Some scammers like to send emails to appear professional. Maybe you have received emails with professional signatures stating that they have chosen you to be one of the first investors in their Robo-advisor who has solved the mystery of FX market. All you had to do is wire them money. Simple, right? Robo-advisors are automated trading systems created for specific market conditions. Most of the public and paid Robo-advisors are a waste of time and major scams. We have literally seen a Tweet with someone selling one for $500 and writing, โ€œI never use Robo-advisors, but heard this one was good, DM me for purchase.โ€ It looks like even scammers have gotten a little lazy.

#5 Instagram & Youtube Scams

We are sure you have encountered some profiles claiming 90% and 95% accuracy in their trades. Have you ever thought that if they did have a trading strategy that is that accurate, why would they spend their time trying to sell it when they can just put it to use and make themselves rich? The short answer is that they are trying to scam you into believing that it works, and they will provide all sorts of โ€œproofsโ€ and โ€œreliableโ€ track records to get to your money. Now, what about the forex scammers that always pose next to a Lamborghini or a Ferrari and imply that it was their trading that made them this amount of money?
Instagram scammers I used to know an extremely unlucky guy, who traded and spent years with zero return. One time, I was checking his Instagram profile and I could not recognize him. The number of fancy cars and classy places that were implied to be his was enormous. When I asked him: where did that come from? He said, nowhere, they were cars in the streets he came across and just posed next to them. Now, I know that guys need to satisfy their egos to show superiority and impress people, but in this case, it’s called deceiving people.

One last thing about Instagram. On average, I receive 3 message requests with messages that guarantee gains and fortunes. Whenever we publish an Instagram or a Facebook post related to trading, we get comments such as โ€œI owe it to Mr. X for making me $65,000 in Bitcoin, hereโ€™s his profile linkโ€. Sadly, scammers outweigh honest people by a large number these days!


We have also researched 10 of the most popular Trading Gurus that we see when browsing the world of Finance Youtube โ€“ check out our video:

#6 Unregulated Brokers

Have you ever seen those big flashy ads on some websites with 0% commissions and fees? They generally have two striking buy and sell buttons to make you think you are all set to trade risk-free and fee-free. Well, this is another deception made by shady unregulated brokers. First, you will see zero spreads before finding enormous costs to your trading that can take the form of commissions or deliberate slippage, which is when your broker does not fill your order at the desired price.


Make sure you understand this phrase: An unregulated broker is a scammer, and you will not get your money back if you create an account with them. Even if, by a miracle, they send you back the money, there will be enormous costs and banking problems. Generally, good respectable brokers are regulated by government entities such as the SEC in the United States and the FCA in the United Kingdom.

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Best Regulated Forex Brokers Available Today

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Show All

– Plus500 offers only CFDs on Forex.

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How to Avoid Forex Trading Scams?

Forex trading has the potential to be a valuable source of income as long as we are careful. Here is how to avoid the noisy scamming business:

?Trust that you are the only one who is in charge of making you money. No one will be willing to do that for you.

?Understand that the FX market is too complicated for someone to offer you the holy grail. Instead of that, choose free Forex resources, for example, our trading PDF, which is 100% FREE.ย 

?Know the limitations of gains and losses and practice good risk management. This means never risk more than what you expect to gain on a trade.

?Make sure that everyone parading around, saying they got rich from trading, are overcompensating for something by lying.ย 

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Trusted and Free Forex Learning Resources

? Investopedia (the worlds leading source of financial content โ€“ https://www.investopedia.com

? The Trading Game (Forex & Stock Market Simulator and School) โ€“ https://tradinggame.com

? The Balance (Free Expert Advice on investing in the markets) โ€“ https://www.thebalance.com

? Forex Factory (Scheduled Economic News Announcements) โ€“ https://www.forexfactory.com

In the end, you can extract a lot of potential from trading FX but only by being patient, rigorous, and disciplined. Be safe! โค๏ธ