Forex Forums

By | November 15, 2017

OK. So this is the basics of human nature. Everyone wants to be a part of a group. This is where forums come into play. Let’s say that you are new to the Forex market and you have started to trade. And maybe things aren’t going as well as you might have hoped, so you look for people to help. The first thing that pops into most people’s mind and onto the Google search engine is forex forums.

I’ve been there and done that. I’ve been a member of several forums, and I can honestly say there are not all good things that come to the new trader as a result of joining one of these big forums.

If you do a search for: forex forum on Google, you will see that there are only 2 or 3 large forums and so the choice is pretty limited. The other forums are tiny and not very active.

Let me tell you my experience with the largest forex forums:

I initially asked questions of people and everyone seemed nice at first, but then over the course of a few weeks, things started to change. First thing I noticed in all forums is that if you have a business to promote, all these forums will ban you the first chance they get. If they do have a commercial section of their forum that allows business posts, I quickly got attacked by all the other commercial members and subsequently banned. What the heck is wrong with these people?

Now, that being said, there are some helpful people on these forums, but there an equal number of idiots who have nothing better to do than constantly attack other members and yet they never get banned. This is something I encountered over and over again with the largest forex forums, so be warned.

Okay, I’ve vented. Now if you can successfully avoid all the attacking and mindless banter that occurs on these forums, there are people who post what they are thinking and how they trade which can be beneficial, however; the sheer volume of posts with this system and that system make it extremely overwhelming to the new forex trader or even an experienced one. Which system is best? Who shows yearly long-term profitability? Well, I’ve yet to find more than a hand full of people on the forums that were actually consistently profitable, but there are a few.

My advice is to use the forex forums as one of the resources available, but I would not spend too much time getting sucked into that social realm and instead focus on building your own system so that you can spend as little time trading as necessary to maintain your lifestyle and live life outside of a forex forum.

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