Tuesday, September 11, 2012

Finding Trusted Forex Blogs

Finding Forex Blogs

Since there are plenty of blogs out there looking to make a buck or dispense false information, choosing the right forex blogs to follow is as important as choosing a trade strategy.

The first place to look is reputable forex news sites. Look and see which personal blogs are advertised or recommended by these news organizations. Of course this is no guarantee that you will get access to useful information, but it does increase the likelihood.

Check out the qualifications of the blogger before implementing any of the advice. This doesn’t mean that a non-pro has no useful information to offer, but you don’t want to base your forex trading strategy—and real money—on anecdotal evidence that a particular strategy or indicator is worthwhile.

Famous Forex Bloggers

If you’re at a loss about how to find reputable forex bloggers then start searching for well-known authors within the world of foreign currency trading. Look for authors of forex books, trading guides or training videos to find someone you trust to help you learn forex trading the right way.

Often you’ll find that when you sign up for a forex trading course that the person teaching the course has a blog you can follow for additional forex tips and tricks. Follow these blogs and see what other bloggers follow them and check them out as well. You never know where useful information may come from so it’s best to keep an open mind while you search.

Never discount the usefulness of basic forex news blogs as well. These all-news blogs provide plenty of information that includes new technical or economic indicators, news release dates and any other significant news important to forex traders.

Whether a news blog or personal blog; get your hands on as much information as possible to improve your ratio of profitable trades.


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