The idea came up that I could share many of the video training sites that I know of with my readers. Forex video training has become much more popular in recent years. I wanted to share with you some of the best sites that I have found that will help you in your trading career.
Several of the sites that we are going to be looking at are good training sites, but there is a slight conflict of interest because they are also independent brokers who would all enjoy you signing up for a live account with them. These sites really are in no particular order. Although, I did save three extra sites for the end which do not have video training, but are very useful resources for you to benefit from.
I wanted you to have these extra three sites because I thought they would be valuable to you. The first site, Forex. I am not endorsing this broker although they do seem good and legitimate. Personally, I would not recommend to you any broker that I have not use personally. Since I do not have all the time in the world, I have not tested this broker personally. They look good, and seem to have a good reputation, but since I have not used them as a broker personally I cannot give a final seal of approval for them as a broker.
The point of this article is not about broker selection. I just wanted to make you aware that some of these video training sites are from Forex brokers. It will also give you insight into how to use some currency trading platforms. The videos here are rather basic and rather short. They are more educational as overviews than they are as detailed and comprehensive reports or training manuals. As long as you are looking for basic, general information about many of the fundamental topics in Forex trading then this is a good site for you.
It is a good starting point and I promise that you will learn something here. This next site, CompassFX. The lead trader and trainer, Dean Malone, has poured years of his life into creating this massive library. Much of it is market commentary, but this is very important to study as well.
By looking back at market commentaries in the past you can study how accurate they were and what the trader was thinking to help them arrive at the conclusions that they have presented. There are products and training courses available for sale on this site, as there are with many other sites.
Again, I am not recommending the products or training to you specifically, I am just recommending the training fault in video library. There are hundreds of hours of video training available on the site and I wanted you to have access to it. You are going to get ideas on how to improve your own trading by listening to the advice and opinions of others. This does not mean that you must adopt the advice and opinions of others, but just hearing more information and training about the Forex market will help stimulate your own ideas on how to improve your own trading.
Throughout these videos you will notice that the trader uses levels and Fibonacci retracements as one of his primary styles of trading. This is not a method of trading that I personally use, but there are tons of traders that swear by it. Tons of traders love Fibonacci retracements and levels to help them understand where the market has come from and where it may be going.
There is a lot of truth and accuracy with Fibonacci levels. But you should know that there is no way to predict the future correctly all the time.
Fibonacci levels are merely a guess at where the price could go. But oftentimes prices will not hit targets or may bounce between multiple levels which requires advanced trading skill and experience to be able to read and react to.
In this video library there is also a good amount of discussion on different types of chart patterns like a wedges, pennants, flags and triangles.
There is also discussion of trendlines, channels and other fundamentals of market trading. Many of these fundamentals are brilliant and have stood the test of time. You can learn from these lessons and educational videos and apply these trading fundamentals to your own business—they will help you become a better trader. I very much encourage you to visit this site and take in these different training videos on chart patterns, breakouts and the like. There are two more sections of this website which I think you should pay particular attention to.
The first section has many training videos on different indicators and how they function. Many people use indicators when making decisions for their trading without understanding how the indicators work in the first place. You will be a better trader when you have a better understanding of how each of the indicators works that you trade with.
This is not an encouragement to load up your charts with a bunch of new indicators. The more you understand about the Forex market the more you may be able to profit from it. Taking in this training will help stimulate your own ideas for improving your personal trading method.
Divergence is another topic that is discussed here. Many people do not understand the principles of convergence and divergence. I do not use these techniques and patterns myself, but again, each trader is different and they may be appealing to you. Again, some traders will swear by this method of trading. Explore these videos and find out for yourself. Most Forex traders that I now use this platform. It is robust and very versatile to allow for robot trading, trade-assistant trading as well as countless indicators to be used for making trading decisions.
There are good training videos available on the site which go through the basic and advanced topics that can be covered on MetaTrader 4.
You will also find some sections of the site that covers very basic topics which are useful for beginning traders. I like also on this site how there are hundreds of tips and suggestions for better trading. In my opinion, Dean Malone has created a vast video library here that is one of the best I have ever seen.
I hope you take advantage of it and improve your trading business through these videos. This next website contains some very good information about a very specific trading style. The style may or may not be for you, but you should take a look and see what you think of it. The trading style is very plain and very fundamental.
Many of the articles that are available on the site contain information about the non-tangible side of Forex like emotional control, risk management and principles how to be a successful trader in general.
However, the video side of this website is more dedicated to showing trading strategies, real trading examples as well as illustrating ideal price action setups. Several of the strategies used on this site are illustrated by video. They are educational and will help you learn how to trade better regardless of the strategy that you use. This site has an emphasis exclusively on higher-timeframe trading.
This higher-timeframe trading includes daily charts, 4 hour charts and 1 hour charts, but nothing less than hourly charts. This is a very good trading website for those who have full time jobs were those who prefer not to do intraday trading. This is a site for swing and position traders who are interested in holding positions for up to a week long and are aiming for upwards of several hundred pips per trade. If you prefer a scalping type strategy then this website may not be for you, however there are good articles on mastering trading emotions and other non-tangibles of the Forex market.
If you are a higher-timeframe trader then this site may be right up your alley. It is a very modern and up to date website that can be helpful for just about any type of trader.
This is simply one of the best sites available to help a Forex trader learn some of the fundamental reasons why currency prices will rise and fall. I highly recommend that you visit this site and spend time watching the videos here. There are videos here on this site that discuss different indicators which are very useful to learn. Bloomberg does a very good job with interviewing experts and people who are much smarter than you or I—these are experts who have been working for sometimes 20 or 30 years in the currency markets.
We can all learn from their wealth of experience as they explain the way different indicators work or how different financial markets react to each other for example, how the prices of oil will directly impact the value of the U.
Try not to get caught up with a massive amount of information and news that is available on the site. You could literally spend all day watching these videos and not get any work done for your trading business. It has good material but most of it is in overview form.
I wanted to first share with you that free Forex video trading course that they have available on their site. The next website is also going to be from DailyFX. This training course will teach you some fundamentals about the Forex market as well as some basic trading strategies.
It is not the most advanced material in the world, nor is it the most in-depth, but for many traders it is very good and useful information. Some of the training videos will have useful comments made from members of this forum-like resource website. You may recognize DailyFX. This second link here from DailyFX. These videos go through and analyze different currency pairs and provide commentary on them. Some of these videos can help you with your trading analysis, but they can get a little long winded as well, so I want to caution you there too.
Do not base your entire trading strategy or market analysis around these videos. You should be doing your own market analysis based upon your trading system. There is good information presented in the videos here on this part of the site, but again, make sure you are watching the market for yourself. You will find also some very long market commentaries on different currency pairs. Just the other day a video came to attention about coming setups ahead of an ECB news announcement.
Part of the video was discussing how the GBPJPY would react during the news even and after and this the type of information that can be useful for traders. Again, make sure though that you are doing your own analysis and not just listening to people in videos online. Trust your trading system and your own instincts. There are videos on analyzing the Forex market, trading platform tutorials, Forex trading strategies, as well as beginner course material with a large number of videos to help traders.More...