Right from the dawn of Foreign exchange market, FX forums have continually been serving as the backbone of the trader’s community. Despite some catering to social media platforms for formulating conversations, these ready-made communities present traders a whole different level of information. Newbies can sign up, interact with successful traders and even glean at their trading strategy to accentuate their wisdom. In fact, most modern-day traders always search for the best Forex Strategy Forum to sign up for enlightenment.
The only question which begs for an answer is How to Find the Needle from the Haystack; aka, which is The Best amid the Rest?
Check The Experts Who Are Giving Away The Feeds:
First and foremost, one needs to check the proficiency of their experts. In order to judge their quality one needs to examine their
• Their Profit Scoring Ratio
• Number Of Trades Which They Have Done Over Their Timeline
• Their Trading Psychology And Perspectives On The Market Situation
• Total Trading Experience
If each of these aspects seems adequate, then it forum does comprise of decent experts, and their suggestions and know-hows are worth it.
Examine The Intricacy And Nature Of The Charts:
Next aspect to consider when searching the best Forex strategies forum is the nature charts which are present for newbies to refer. Be it for Scalping or Day trading or holding Long/short positions, the charts present should be easy to interpret.
There is no point in choosing a forum where one does get the trading chart they want, but it proves to read and understand. It is at par with not finding one.
Ideally, the best Forex strategy Forum should have explanations for strategies such as
• Forex Gap Strategy
• 100 Pips Trading Divergence Approach
• Bollinger Band Long Term Trading Strategy
• Trend Trading System
• A Unique Way To Trade With Forex Martingale Approach
• Price Action Swing Trading
Whether It Is A Paid Or Free One:
This is a very important aspect of selecting a so-called best Forex strategies forum. The reason being that in free forums, there are lots of FX traders doing trash talks and discussing some mumbo-jumbo strategy.
The one charging subscription usually highlights their elite members who conduct sessions and even answer to trader queries. The differences in quality will surely be felt as soon as one associate with a payable FX strategy forum.
If The Forum Is A Cross Session Or A Single Session One:
Lastly, one should also check whether the forum discusses strategies for a particular session or multiple trading sessions. The option which one ought to go for is the forum which conducts strategy discussion on cross-sections.
Example – It is always beneficial to sign up for a forum which though primarily discusses about New York Session, but if some break comes up in the Japanese market, also raises discussions on that. This in a way allows a trader to have a multi- sessional picture of the FX market.
These are the pointers which traders should look to follow when searching for that so-called best Forex strategy forum. Use them well and gather meaningful knowledge which helps make trading more efficient.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.