Best Forex mentors to know

What are the best Forex teachers today?

Knowing the ins and outs of trading is essential in Forex, and there is no better way to comprehend the nitty-gritty of the market than under the guidance of experienced traders and teachers. Let’s have a look at the profiles of the best Forex teachers today.

Clay Hodges

After founding Ronin Forex Group, Clay Hodges worked as a teacher and lecturer for beginner Forex investors. He is renowned for assisting dealers in locating sources of money via external investors. If you want to work with Ronin Forex Group, Clay will personally train you. His teaching methods are incredibly individualized. The end objective is to produce independent, confident traders. His systems also provide trading setups every day. Unlike many Forex enthusiasts, who lean towards influencer roles, Clay Hodges is a genuine educator who supports his students and accepts them for what they are.

Chris Hunter

HunterFX, a renowned trading community, and mentorship program was founded by Chris Hunter. Chris's platform aims to establish a friendly, enjoyable, and straightforward trading environment where traders not only feel at home but also understand the specifics of Forex trading and connect with each other. Traders on HunterFX can choose between copy trading and fully committing to a mentorship program. It's a good choice if you want to learn how to trade Forex but want to avoid dealing with the stress of unnecessary complications and overly difficult courses.

Roman Patterson

Roman Patterson founded the Roman Patterson Phoenix Capital Group. This company is still under construction, but it is worth watching out for. The company's trading chat platform currently has around 100 users. Roman breaks down the market weekly in his premium chat, evaluates trades, and gives ideas to new traders ideas. What brokers will learn from the project is unclear because the company is still in the planning stages. But TU recommends taking advantage of Phoenix Capital's free one-week trial, which you can get to through Roman's Instagram.

Tamia BJ

The company SIMPLY Rich was founded by Tamia BJ. She teaches financially challenged millennials how to print money so that they may generate investment income without interfering with their daily lives. Her mentorship program, “Learn to Trade in 6 S.I.M.P.L.E. Days” is specifically intended to teach uneducated promising Forex traders how they can get started. Reviews indicate that the vast majority of Tamia's customers who began the program in 2022 were able to earn at least $100 over their first week of trading. The emphasis of Tamia's education is on learning straightforward Forex and trading tactics. The program’s objective is to boost new traders’ confidence and increase their side income through swing trading.

Marc Walton

Marc Walton is a renowned Forex trader with years of experience. Over the past 10 years, he has guided thousands of students through his program”Forex Mentor Pro”. Students will not only get private coaching and learn about the complexities of Forex trading, but they will also learn how to make money from it. Marc has stopped trading and is now concentrating mostly on his mentorship initiative.

How to choose a Forex educator

Social media

Finding a good Forex educator is not a difficult task. In today's time, social media has made things much easier. You can follow all Forex mentors on their social media pages and, in addition, use social trading to follow the signals they give.

Checking reviews

Checking evaluations and reviews can also help you find a trustworthy Forex mentor. Do your homework and look up reviews of the company products, such as their books or courses on Forex. We do not advise looking for reviews and ratings on a mentor's personal website. Instead, check review sites and review aggregation sites to get a more accurate, in-depth look at the quality of their courses.

Check their credibility

Choose a mentor with a solid reputation in the industry and success in the field they’re teaching in. Given the numerous trading-related websites and businesses that promise instant success, it could be hard to tell the difference between real and fake offers. Find a mentor who is an expert in the subject and has a successful track record.

Is Forex education free?

With online lessons from YouTube, Twitter, Coursera, Forex blogs, and other top learning resources worldwide, you can learn Forex for free. However, there are also many paid courses that will give you the best information about Forex in return for a monthly or yearly fee.

Best Forex brokers

1

9.4/10

Go to broker

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.

Minimum deposit:

$50, $100 (for UK clients)

Bonus for deposit:

0%

Regulation:

CySEC, FCA, ASIC

Review

The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA. eToro Profile Details

Pros/Cons

•the minimum transaction amount for copying is $1;

•handy functionality for passive investing;

•regulated by independent monitors;

•it is possible to purchase contracts for fractional shares (that is, to invest amounts less than the cost of one share);

•it is possible to buy shares at once (not CFDs) on the US stock exchanges.

•high spreads;

•periodic technical failures in order execution;

•lack of the most popular platforms such as MetaTrader 4 and MetaTrader 5 in Europe and the CIS;

•no access to ECN systems, orders are processed only according to the STP (straight-through processing) scheme with access to specific liquidity providers;

•there is a commission for withdrawing funds;

•impolite support staff;

•inconvenient website.

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2

9.2/10

Go to broker

Your capital is at risk.

Minimum deposit:

No minimum

Bonus for deposit:

0%

Regulation:

FSC (BVI), ASIC, IIROC, FCA, CFTC, NFA

Review

The name OANDA is an acronym for “Olsen & Associates” or “Olsen AND Associates”. It is registered in the United States and provides its clients with a wide range of financial services in most countries of the world. The company was founded in 1996 and is currently regulated in four jurisdictions. The main regulator of the broker is the UK Financial Conduct Authority (FCA). Oanda Canada is licensed by IIROC. The company has several significant awards to its credit, including a victory in the category "Best Forex Trading Technologies" from the UK Forex Awards, "Best Trading Platform" from FX Week, as well as "Best Customer Service" from the US Foreign Exchange Report.

Pros/Cons

•Minimum deposit from 1 dollar.

•A large selection of the most popular trading instruments.

•Several reliable and reputable financial regulators.

•Inconvenient and poorly functioning site.

•Lack of cent accounts.

•Lack of bonus programs.

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3

9.1/10

Study Review

Minimum deposit:

$1

Bonus for deposit:

0%

Regulation:

FCA, BaFin, ASIC, MAS, CySec, FINMA, BMA, CFTC, NFA

Review

IG Markets has been providing brokerage services for retail traders since 2014. It was established in 1974 in London to work with professional traders. It is a part of the IG Group with representative offices in 17 countries. IG Markets stocks are traded on the London Stock Exchange as a part of the FTSE 250 index. The broker is regulated by FCA (Financial Conduct Authority | the UK), CySec (Cyprus Securities and Exchange Commission), ASIC (Australian Securities and Investments Commission), BaFin (the Federal Financial Supervisory Authority | Germany), FINMA (Swiss Financial Market Supervisory Authority), and NFA (National Futures Association). The IG Group global representative office is supervised by BMA (the Bermuda Monetary Authority). The broker provides services of trading Forex and different CFDs through MetaTrader 4 and its in-house platforms for retail and professional traders.

Pros/Cons

•Regulated activities and participation in compensation funds;

•No minimum deposit requirements when opening an account with the international division;

•Leverage is available for trading currencies and CFDs;

•Wide range of trading assets and markets;

•Fee rebates for new and active existing clients with large trading volumes;

•Floating spreads from 0.6 pips for retail Forex traders;

•Bonuses for new clients and partnership programs for different client categories.

•The broker can reject opening accounts to traders with low capital or insufficient knowledge of derivatives trading;

•Deposits and withdrawals can’t be made with e-wallets, electronic payment systems, or cryptocurrencies;

•Trading conditions differ for various countries, so you have to look for the broker’s website in your country.

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