6 Best Forex Forums for All Levels of Traders [for 2024] (2024)

Forex forums and discussion boards are handy tools for forex traders to get the latest updates, news, events, and market sentiment – all in real-time and from other traders and analysts who participate in the foreign exchange market and share the same goal.

Many have been around for over a decade, and they’re still doing well. But this piece will show you the best forex forums for you, and your trading expertise regardless.

Top 6 Forex Forums and Trading Discussion Boards for Forex Traders

As you can assume, there’s a wide variety of forex forums you can use online. Here, in the list below, we chose the top six forex forums and trading discussion boards for forex traders.

1. Reddit

Reddit is the world’s largest and most diverse internet forum, with over 430 million active monthly users. You can find anything, literally anything, you want on Reddit including lots of trading and forex market subforums.

Now, let’s be honest, Reddit is not for everyone. Finding the right thread is sometimes difficult, and asking questions could be intimidating. It could be a bit to use for some people. But you can certainly get many trading ideas and opinions about the forex market.In fact, one of the best things about Reddit is finding answers to your questions.

With this in mind, you need to find forex trading groups on Reddit. Some of the best subreddit groups and communities about forex trading include:

• r/Forex
• r/Forexstrategy
• r/forex_trades
• r/Trading
• r/algotrading
• r/daytrading

Best for those who want to join a forex trading community

2. Forex Factory

Forex Factory is one of the oldest and most popular forums for forex traders. The site, which was founded in 2004, offers a vast variety of threads all over the forum. You can basically discuss any category or topic related to forex with more than 700,000 members.

Unlike Reddit, which is just an online platform to discuss all kinds of topics, Forex Factory, as the name suggests, is for forex alone. So naturally, you can find trading discussion forums about specific currencies, technical indicators, chart patterns, forex trading strategies, forex trading systems, broker discussions, trading platforms, trading psychology, etc.

You can even get info about forex trading taxes in specific countries and broker discussions. In sum, if you are looking for the most comprehensive Forex forum, the ForexFactory is likely the best of all.

Best for beginner traders and professional forex traders looking for news and updates about a specific currency pair

3. MQL5 Forum

It’s not a big surprise that MetaTrader 4 & 5 are forex traders’ most popular trading platforms. So, this forum, which is completely dedicated to answering all the questions about the MetaTrader trading platform, is also the favorite forum for MetaTrader users.

The MQL5 forum covers lots of information about the MetaTrader trading platform. If you are a beginner, you can find answers on the MQL5 forum on downloading and installing the platform, using the MT WebTrader platform, setting up technical indicators, and working with multiple charts. Furthermore, traders can find many discussions about automated trading systems and Expert Advisors.

Best for: MetaTrader 4&5 users and algorithmic traders

4. TradingView

TradingView is one of the most popular and widely used free charting platforms online. This massive site has nearly 200 visitors in a month, and some traders even prefer to use the TradingView charting software over those available on trading platforms. And, as you can expect, it has an excellent trading forum for forex traders.

Technically, the TradingView community section is categorized into live streams, trade ideas, educational ideas, and scripts. For example, traders looking for Forex news and forecasts can navigate to the community-trade ideas-forex. In there, community members regularly post news, technical analysis forecasts, forex chart pattern tips, forex trading systems, etc.

In sum, TradingView’s forum is the most professional forum and trading board discussion for forex traders.

Best for: technical analysis traders

5. Twitter / X

Yes, we know, Twitter is not really a forum. But it could be. I mean, technically, Twitter is a private forum, so why not use it as a platform to get information about the forex market? And, by all opinions, Twitter is one of the best places to get information about financial markets.

Best of all, when using Twitter to find information about the forex market, you can use top trading hashtags to search specific terms and keywords. Furthermore, you can also follow day traders and analysts who influence the market or share valuable information.

Best for: active scalp and day traders

6. Forex Peace Army

Forex Peace Army (FPA) boasts a sizable forum with an active user base, offering discussions on different strategies, brokers, and market analysis. This can be a good resource for newcomers to learn from experienced traders and gather different perspectives.

Perhaps, where FPA shines the brightest is its “niche” actively identifying and investigating forex scams, which can be valuable for protecting yourself from online predators. Their scam alerts and reviews can help you avoid shady brokers and signal providers. If you want to know what users think about a broker, check out Forex Peace Army.

However, FPA has been criticized for having biased reviews. So, be careful.

Best for: Identifying forex scams

A Quick Summary of the Best Forex Forums in 2024

What is a Forex Forum?

Forex forums are online communities and boards where users can share and discuss the news, ideas, strategies, reviews, and trends in the forex market. Additionally, users also share their opinions about the next price movements of currency pairs and discuss trade ideas.

Basically, if you ever want to know what other traders think about any forex concept or topic, forex forums are where to go. They’re often useful for all traders of all skill levels. Beginner traders who need advice or guidance on starting their forex trading career, for instance, will get all the information they need. They can also be valuable for more experienced traders to share tips and ideas on trading platforms, indicators, trading strategy backtesting, etc.

What are the Benefits of Using Forex Forums?

These are some of the biggest benefits of using forex forums:

• They help you stay updated on market news, updates, analysis, and other pieces of information. If the information is worth talking about, you’ll find forex forums where they’re being discussed. And if it has never been discussed before, you can start the discussion.
• They’re an avenue to interact with other traders, learn from them, share ideas with them, and be part of a trading community
• They’re a great place to learn from experienced traders. Be careful, however, not everyone who sounds like it is experienced, so don’t take in every piece of information you learn hook, line, and sinker, without first vetting the author and the information itself.
• Forex forums are a place where you get access to valuable educational content for free!
• That’s where you’ll know what other traders think about a forex product or broker.
• If you’ve ever encountered technical troubles with a broker or a tool, chances are that you’re not the first person to have those troubles. You’ll find others like you on forums, and you’ll be able to know how they solved those problems.

What are the Best Forex Forums on Mobile Apps?

Clearly, many forex traders are looking for a mobile app that enables them to interact with other traders. Our research shows that the best mobile apps you can discuss with other beginners and experienced traders are Investing.com, Reddit, TradingView, and Twitter.

What is the Best Forex Forum for Beginners?

ForexFactory is one of the best forums for beginners because of the volume of helpful content posted there by their sheer number of users.

What are the Disadvantages of Using Forex Forums?

The greatest disadvantage of forex forums is that they are prone to misinformation. Don’t forget that normal humans like you and I are the ones who are posting on these forums. And many of them aren’t even experts on matters they’re contributing to. As a result, misinformation is likely to spread.

How do you Use Forex Forums Effectively?

• Become a lurker first:Spend time reading existing threads and observing the community before actively participating.This helps you understand the forum’s culture and etiquette.
• Ask specific questions:Don’t ask vague questions like “What should I trade today?” Instead,frame your questions around specific challenges or areas you’re trying to learn about.For instance,“I’m having trouble identifying support levels.Can someone explain moving average crossovers?”
• Follow threads by experienced traders:Identify knowledgeable members and track their discussions and analyses.Learn from their insights and approaches.For example,Forex Factory has a “Winners Circle” section where successful traders share their strategies.
• Participate in relevant threads:Actively engage in threads discussing topics relevant to your trading goals.For example,if you’re interested in swing trading,follow threads dedicated to this strategy and ask questions or share your experiences.
• Verify information:Be critical of the information you encounter.Don’t blindly follow every tip or suggestion.Cross-check information with other sources and do your own research before making trading decisions.For example,if someone recommends a new indicator,research its effectiveness and potential drawbacks before using it.
• Don’t rely solely on forum advice:Remember,forum discussions are not financial advice.Use the information to inform your own research and analysis,but ultimately make your own trading decisions based on your risk tolerance and market understanding.
• Offer helpful contributions:Don’t just ask for help; provide value to the community as well.Share your own insights,answer questions you can answer,and contribute to constructive discussions.For example,if you see someone struggling with a technical indicator,offer your understanding or point them to helpful resources.
• Communicate with respect:Always maintain a respectful and professional tone,even when disagreeing with someone.Avoid personal attacks and flaming (posting inflammatory or offensive content).

Over to You

To sum up, a forex trading forum can be an excellent tool for traders to get news, updates, trade ideas, and guidance on using different platforms and features. Of course, you should not rely solely on the information posted on forums; however, it is an extra tool you should use to expand your knowledge and know you have the correct information.

Still, we recommend choosing a forex forum based on your trading needs rather than the other way around. And, if you are looking to join a live trading community, we suggest you join our trading room, where you can access live daily market streams with our trading coaches and become part of a trading community.

Check some of the most frequently asked questions about forex trading forums.