Welcome to The FX Elites
Your comprehensive Forex trading guide. Find the best resources for news, analysis, tools, and more, all in one place.
Forex News & Analysis
- FXStreet – Daily forex news, analysis, and real-time exchange rates, plus live webinars and market insights.
- DailyFX – News and market analysis from experts, covering currencies, commodities, and indices (by IG Group).
- ForexLive – Real-time forex news updates and analysis, including quick insights on market moves.
- Investing.com (Forex) – Financial news portal with a dedicated forex section for news, analysis, and technical outlooks.
- Reuters (Currencies) – International news agency with up-to-date coverage of currency markets and economic news impacting forex.
- Bloomberg (FX) – Major financial news provider with insights on currency markets, central bank news, and economic trends.
- CNBC (Forex) – Mainstream business news covering forex market updates, analyst commentary, and key currency moves.
- FX Empire – Forex and CFD news, technical and fundamental analysis, and outlooks for major currency pairs.
- ActionForex – Daily market analysis, trading outlooks, and technical reports for forex traders.
- Forex Crunch – Analysis of economic events, weekly outlooks, and forex news aimed at helping traders understand market moves.
- BabyPips News – Forex market commentary and humor-infused analysis for traders, from the makers of the School of Pipsology.
- Finance Magnates (Forex) – Industry news focusing on the forex and financial industry (broker updates, fintech, market news).
- Seeking Alpha (Forex) – Community-driven financial analysis platform where contributors share forex and macroeconomic analysis.
- Yahoo Finance (Currencies) – Real-time currency quotes and financial news covering major global market developments.
- OANDA MarketPulse – Market analysis blog with daily commentary on forex and macroeconomic news, provided by OANDA analysts.
Economic Calendars & Data
- Forex Factory Calendar – Popular economic calendar listing major economic releases and events, with impact filters and historical data.
- Investing.com Economic Calendar – Global economic event calendar with country filters and real-time updates, also shows consensus vs. actual results.
- DailyFX Economic Calendar – Economic event calendar with impact ratings, integrated with analysis articles explaining the significance of data releases.
- TradingEconomics Calendar – Comprehensive economic calendar and extensive database of global economic indicators with historical data charts.
- Myfxbook Economic Calendar – Economic calendar with countdowns to events and a history of previous values and deviations, tailored for forex traders.
Forex Education & Learning
- BabyPips School of Pipsology – A famous free comprehensive course for beginners to learn forex trading basics, terminology, and strategies.
- Investopedia (Forex Trading) – Educational articles and tutorials on forex trading concepts, strategies, and definitions of financial terms.
- FX Academy – Free online forex trading courses covering beginner to advanced topics (includes videos, quizzes, and interactive lessons).
- IG Academy – Broker IG’s free trading academy with structured courses for beginners, intermediate, and advanced traders (includes quizzes and progress tracking).
- AvaTrade Academy – Free educational portal by AvaTrade offering courses, videos, and quizzes on forex trading strategies and concepts.
- FOREX.com Learning Center – Educational resources including articles, videos, and webinars covering forex trading basics, technical analysis, and risk management.
- eToro Trading Academy – Education hub by eToro offering guides, videos, and webinars on forex and other trading, suitable for various skill levels.
- Forex Peace Army - Forex Military School – Free forex trading course with a military theme, covering basics to advanced topics, offered by the Forex Peace Army community.
- Alison Free Forex Courses – A collection of free online courses related to forex trading, covering introductory concepts and strategies for beginners.
- Trading with Rayner – Trading education blog run by Rayner Teo, offering free guides, videos, and tips focusing on forex and technical analysis for traders.
- Udemy Free Forex Courses – User-generated courses on forex trading (some free), allowing traders to learn specific strategies and techniques at their own pace.
Forums & Trader Communities
- Forex Factory Forum – One of the largest forex trading forums, featuring discussions on strategies, broker reviews, trading journals, and real-time news insights from traders.
- BabyPips Forum – A friendly community for beginners and experienced traders to discuss trading systems, ask questions, and share insights.
- Forex Peace Army Forums – Forums known for honest discussions on brokers (including scam alerts), trading strategies, and trading tools among serious traders.
- Reddit r/Forex – A popular subreddit where traders of all levels share analysis, discuss forex news, and ask questions in a forum-style setting.
- MQL5 Community Forum – Official MetaTrader (MQL) community forum where traders (especially programmers) discuss algorithmic trading, share indicators/EAs, and troubleshoot MetaTrader issues.
- TradingView Community – Social network of traders on TradingView sharing chart analyses and trade ideas (browse forex "Ideas" for user-posted technical analysis).
- Trade2Win (Forex) – A long-running trading forum (UK-based) with an active section for forex traders discussing markets, strategies, and brokers.
- EliteTrader (Currency Trading) – General trading forums with a dedicated section for currency trading, where experienced traders discuss forex strategies and market views.
Charting Platforms & Tools
- TradingView – Advanced web-based charting platform with a wide range of technical indicators, drawing tools, and a community sharing trading ideas and scripts.
- MetaTrader 4/5 – The most popular forex trading platforms (MT4 and MT5) for desktop and mobile, offering advanced charting, technical analysis tools, and automated trading via Expert Advisors.
- cTrader – A forex/CFD trading platform known for its clean interface, Level II pricing, and advanced charting features, offered by various brokers as an alternative to MetaTrader.
- Investing.com Charts – Free interactive charts for currency pairs with multiple timeframes and technical indicators, accessible via any web browser.
- NinjaTrader – A powerful trading and charting platform (commonly used for futures & stocks, but supports forex) with advanced analytics and strategy automation capabilities.
Trading Calculators & Converters
- Position Size Calculator (Myfxbook) – Calculate the optimal lot size for a trade based on risk percentage, stop loss, and account size (uses live exchange rates for accuracy).
- Position Size Calculator (BabyPips) – Simple tool to determine how many units or lots to trade to risk only a specified amount per position.
- Pip Value Calculator – Compute the value of each pip in your account currency for any given pair and lot size, helping evaluate potential profit or loss per trade.
- Margin Calculator – Determine the margin required to open a position given the trade size, currency pair, and account leverage.
- Profit Calculator – Estimate the profit or loss of a planned trade by calculating the difference between entry and exit price for a given position size.
- OANDA Currency Converter – Convert currency values at live exchange rates; useful for checking exchange rates and converting amounts between major currencies.
- XE.com Currency Converter – Another reliable source for real-time currency exchange rate conversions for hundreds of world currencies.
- Compounding Calculator – Project the growth of an account over time by calculating compound interest on profits (helps visualize how reinvesting gains can grow your account).
- Fibonacci Calculator – Generate key Fibonacci retracement and extension levels based on two price points, aiding in identifying potential support and resistance areas.
- Swap Rate Calculator – Find out the overnight interest (swap) charges for holding positions, based on currency pair, trade size, and whether the position is long or short.
Currency Strength Meters
- BabyPips MarketMilk – Interactive currency strength meter tracking the relative strength of major currencies in real-time, with customizable timeframes and visual charts.
- CurrencyStrengthMeter.org – Free web-based currency strength indicator displaying the aggregate strength of each major currency based on live exchange rate data.
- CurrencyStrengthMeter.co.uk – Online tool providing a visual gauge of each major currency’s strength or weakness in real-time, updated with live forex market data.
- LiveCharts.co.uk Strength Meter – Simple currency strength meter showing which currencies are currently strong or weak, presented in a clear bar chart format.
- HowToTrade.com Strength Meter – A free interactive currency strength meter that ranks the major currencies from strongest to weakest in real-time (provided by a trading education site).
- SwitchMarkets Strength Meter – Customizable currency strength tool (provided by a broker) allowing real-time comparison of major currency performance over selected timeframes.
Free Expert Advisors (Forex Robots)
- MQL5 Market - Free EAs – The official MetaTrader Market offers free Expert Advisors (trading robots) for MT4/MT5 that you can download and run on the MetaTrader platform.
- Forex Factory EA Forum – Forum section where traders share and discuss free Expert Advisors, including downloadable files and tips on usage and settings for various strategies.
- FreeEAs.com – A website dedicated to providing free Expert Advisors for MetaTrader; traders can download fully automated trading systems at no cost.
- ForexCracked EAs – ForexCracked regularly posts free downloads of forex robots (EAs) and indicators, including community-made tools and sometimes cracked paid EAs (use at your own risk).
- FXShare Robots – Offers a selection of free forex trading robots and indicators for MetaTrader platforms that users can download and try out.
- Open-Source EAs on GitHub – GitHub hosts open-source forex trading bots and algorithms shared by the coding community, where traders with programming skills can find and contribute to free EA projects.
Free Indicators & Trading Strategies
- MQL5 Code Base – Official repository of free MetaTrader indicators and scripts (and EAs) submitted by users; includes thousands of indicators for MT4/MT5 available for download.
- Forex Factory Indicators Forum – Active forum where traders share custom MT4/MT5 indicators and trading system templates, along with discussions on how to use and optimize them.
- Forex Station – A community forum devoted to forex indicators and trading systems, offering a large library of free MetaTrader indicator downloads and system discussions.
- EarnForex Indicator Database – Collection of hundreds of free indicators for MT4, MT5, and cTrader, categorized by type (trend, oscillators, etc.), all available for download.
- TradingView Public Library – Repository of community-created indicators and strategies (Pine scripts) for TradingView charts; traders can apply these scripts or modify them for custom analysis.
- MetaTrader Market - Free Indicators – The MetaTrader Market’s free section for technical indicators (MT4/MT5), offering a range of user-developed indicators ready to download directly from the platform or website.
Trading Signals & Copy Trading
- MQL5 Signals – Official MetaTrader signal service where traders can subscribe to hundreds of trading signal providers (some free, some paid) and automatically copy their trades to MT4/MT5 platforms.
- ZuluTrade – A popular social trading network that allows users to follow and automatically copy trades from experienced signal providers across different brokers worldwide.
- eToro CopyTrader – Social trading platform where you can automatically replicate the trades of top-performing investors on eToro (complete with performance stats and risk metrics).
- Myfxbook AutoTrade – A trade-copying service by Myfxbook that lets you copy trading strategies from selected signal providers directly into your brokerage account.
- ForexSignals.com – Trading community and signal service offering daily forex signals, live trading rooms, and education for members (features some free signals and analysis, with more content via subscription).
- FX Leaders – Provides free forex signals on major currency pairs and commodities, along with signal analysis and an economic calendar; offers both free and premium signal services.
- FX Junction – Social trading network where traders can link their accounts, share performance, and follow or copy trades from other community members for free.
- Collective2 – An online platform for subscribing to trading strategies (including forex) with a transparent track record; allows for automated trade copying to your brokerage account.
- Telegram/WhatsApp Signal Groups – Numerous free and paid forex signal groups exist on messaging apps like Telegram and WhatsApp. While easily accessible, exercise caution and do thorough research, as quality and reliability vary greatly.
- SignalStart – A service that connects subscribers with a variety of independent signal providers. It allows you to manage and auto-copy multiple forex signal subscriptions in one place (integrates with MT4/MT5 accounts).
Broker Reviews & Regulatory Info
- Forex Peace Army (Broker Reviews) – User-submitted reviews and ratings for hundreds of forex brokers, plus a forum highlighting scams and discussing broker performance and issues.
- ForexBrokers.com – Professional broker comparison site featuring in-depth reviews, rankings, and guides to help traders find reputable forex brokers (run by Reink Media Group).
- BrokerChooser – Broker review portal that lets you filter and compare brokers based on your trading needs, with expert reviews and beginner-friendly explanations of broker features.
- 100ForexBrokers – Directory listing of forex brokers worldwide, including account types and basic info; helpful as a starting point to see a wide range of broker options.
- EarnForex Broker Database – Comprehensive list of forex brokers with user ratings and reviews, plus filters by trading platform, minimum deposit, and other criteria.
- Trustpilot Forex Reviews – Customer reviews for forex brokers and trading platforms. Useful to gauge user satisfaction, but be mindful of fake or incentivized reviews and look for overall trends.
- Regulatory Registries (NFA, FCA, ASIC) – To verify a broker’s legitimacy, search official databases like NFA BASIC (USA), the FCA register (UK), or ASIC Connect (Australia) for the company’s license and regulatory status.
- Investopedia Broker Reviews – Detailed reviews and ratings of major forex brokers, including pros/cons and key features, provided by the Investopedia editorial team.