Forex Blogs - Seperating the Wheat from the Chaff

There are a lot of Forex blogs out on the web, and while some of them offer really good advice, others are mostly just fluff with an affiliate link. That doesn’t mean that you shouldn’t look for a good Forex blog online to help teach you the ropes of the market, but you do want to make sure that you’re following and absorbing the advice of a good Forex blog that is being posted to by an actual trader who knows how the Forex works.

There are several things you can look for when viewing a Forex blog that can help you determine whether or not that blog is one you should be listening to, or one that you should actually ignore completely.

You Should:

• Look for a blog that is posted to by someone who actually trades the Forex. Would you learn locksmithing from anyone other than a locksmith? Then why would you try to learn Forex from anyone other than an actual trader?
• Look for a blog that gives actual useful information. I’m not talking about a step by step guide to the person’s trading system, but each post should provide some information or advice that helps you learn more.
• Learn some about the Forex market yourself. There’s enough free information from reliable authority sites that you should be able to learn the basics, and that will help you spot a phony.

Using this advice as a guide should help you to be able to determine whether a Forex blog has any true worth to your ongoing Forex education or not. If not, drop it like a bad habit and don’t return. When you find a Forex blog that gives good solid information and really strives to help you learn about the market, then read all you can and you’ll be on your way to being a better trader.

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From Jason Fielder: Founder, ForexImpact.com