1 Answers
MountainGazer
Updated:23/04/2024
Forex trading can be daunting for beginners, but with the right resources, the journey can be much smoother.
Available Online Courses
- Forex Trading Academy
- Babypips School of Pipsology
- Investopedia Academy
- Udemy Forex Courses
- ForexSignals.com
Books for Beginners
- Forex for Dummies by Kathleen Brooks and Brian Dolan
- The Complete Guide to Forex Trading by James Stewart
- The New Trading for a Living by Dr. Alexander Elder
- Currency Trading for Dummies by Kathleen Brooks and Brian Dolan
Popular Forex Trading Platforms
| Platform | Features | Pricing |
|---|---|---|
| MetaTrader 4 | User-friendly, Robust Tools | Free |
| MetaTrader 5 | Advanced Charting | Free |
| CTrader | Intuitive interface | Free |
| NinjaTrader | Customizable | $100/month |
| eToro | Copy Trading | Free |
Forex Trading Forums
- Forex Factory
- DailyFX Forum
- BabyPips Forum
- TradingView Community
Think Tanks and Analysis Tools
- TradingView
- Investing.com
- Myfxbook
- OANDA
Forex Trading Statistics
| Year | Market Size (in Trillions) | Growth Rate (%) |
|---|---|---|
| 2016 | 5.1 | 23.5 |
| 2017 | 5.4 | 5.9 |
| 2018 | 6.1 | 12.9 |
| 2019 | 6.5 | 6.6 |
| 2020 | 6.6 | 1.5 |
Mind Map of Forex Trading Resources
1. Forex Education
- Online Courses
- Books
2. Trading Platforms
- MetaTrader
- CTrader
3. Community Support
- Forums
- Mentorship Programs
4. Tools & Analytics
- Market Analysis Tools
- Charts & Indicators
Conclusion
By leveraging these resources, beginners in forex trading in the UK can enhance their knowledge and skills, ultimately leading to more successful trading experiences.
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