YouTube is an excellent resource for people in all sectors because of the vast amount of resources that are freely available. As a part-time trader with almost a decade in the industry, I constantly use the resource to find trade ideas and learn new things. In this article, I will highlight some of the best YouTube channels for forex traders.
TraderTV is a YouTube channel that is owned by Day Trade the World (DTTW), one of the leading proprietary trading companies in the world. The channel is relatively young and has 209,000 subscribers from around the world.
TraderTV offers two important things for forex traders. First, the team offers educational videos on a wide range of topics such as risk management and how to use technical indicators like VWAP, moving averages, and oscillators.
Second, unlike most YouTube channels, TraderTV is presented by real traders who trade with their own money. Therefore, as a day trader, you can see how professional traders do it live.
The only challenge for forex traders is that the channel mostly focuses on the stock market. However, in my experience, seeing how all types of traders do it can go a long way to make you a better trader.
One of the benefits of subscribing to the channel is that you will get free education on a live account. This is unlike many forex educational videos where the professionals use preset demo accounts. The professionals in the channel risk their own money. As such, you will learn hw to allocate capital, manage risk, deal with losses, and how to spot trade opportunities.
Another benefit is that the traders have a live show for about three hours every day. This means that you can easily follow along as they trade.
Warrior Trading is one of the leading blogs in the forex trading industry. The blog offers free and premium educational materials to people from around the world. It also has a wide library of everything relating to trading. The blog is run by Ross Cameron.
A few years ago, he expanded the blog to have a YouTube channel, which has more than 800k subscribers. He has uploaded more than 1,500 videos that have gathered more than 75 million views. This makes it one of the leading channels in the industry.
The channel has two types of content. First, it has one of the widest libraries of day trading educational courses that teach you most concepts in the market. You will learn concepts on fundamental, sentimental, price action, and technical analysis. Second, Ross takes you to his trading room every day, where he shows you his process. Unlike most channels, he shows you when he loses and makes money, which can help you in your trading.
If you are into forex trading, then you might have come across Rayner Teo. For starters, Rayner is one of the best-known forex educators in the world. According to SimilarWeb, his website has more than 500k monthly users.
In 2013, Rayner created his YouTube channel that has become one of the most popular. He has more than 1 million subscribers and has posted thousands of videos that have gained over 40 million views.
In the channel, you will find a combination of long-form forex trading courses that cover every aspect of the market, like strategy creation, technical analysis concepts, and price action. Rayner is a gifted educator who uses clear charts and examples to do his coaching. You will also find information on his big losses and gains over the years.
The benefit of using this channel is the wide library of content that is valuable regardless of your years of experience in the industry. Another advantage is that Rayner has many years of experience in the industry.
On the other hand, the only disadvantage is that he does not have a show where he is doing real trading. Instead, he uses preset charts derived from a demo account. As such, he probably makes most of his money as a YouTuber and educator instead of trading.
ClayTrader is a leading YouTube channel that is dedicated to education and live trading. The channel was started in 2013 and had more than 456,000 subscribers. Its videos have been watched by more than 31 million people from around the world.
ClayTrader’s YouTube channel is an extension of a trading course that Clay Huber offers. On his website, he charges $90 per quarter or $2,497 for a lifetime account.
The YouTube channel has both educational content and a live trading session. The educational content is on different concepts like technical and fundamental analysis, risk management, and how to start and run your Forex trading operation like a business. Most importantly, he regularly hosts live trading sessions.
The benefits of using the channel are the vast amount of videos, the fact that it has a live account feature, and the quality of the videos.
Meir Barak is a trading educator, real trader, and the founder of Tradenet Day Trading Academy. He started his YouTube channel in 2010 and has grown to have more than 18 million views.
In the channel, he offers quality trading education videos on a wide variety of topics. He also offers a live trading session. Unlike the other channels we have looked at, he always interacts with his audience through his live video feed. This is important because, as a viewer, you can always ask questions and even copy some of his trades.
Another benefit is that he does not act as a perfectionist. He is always ready to share his big wins and even his big losses. This will help you manage your risks well.
YouTube is an excellent resource whether you are a new day trader or an experienced professional. It is essential because of the vast amount of information that is available and the fact that most of it are offered for free. At times, watching a YouTube video can be a better way to learn than reading books and other resources.