From forex trading to commodity trading, every day you hear of people making thousands of dollars every month just sitting by their computers. It is no wonder that most of us are quick to send the little savings we have to a commodity broker to join in the online trading bandwagon.

It doesn’t take long for us to realize that online trading and especially forex trading is not as easy as the “trading gurus” make it out to be. The statistics don’t lie; over 90% of new traders fail in the first try.

There is a better way to join the trading fraternity. At niatradingsignals.com we believe there is nothing better that a forex trader can do than learning how to trade. A trading education is invaluable and will end up saving you thousands of dollars in cash as well as in time.

It is not easy to find a forex trading learning program but the folks at the day trading school are unique and have proven time and again to be above the rest.

If you wish to learn how to trade using all the tricks you have heard of, from swing trading to position trading, you won’t find a better team of teachers. Once your training is over, you even have the option of joining their virtual classroom called the Extended Learning Track.

The best news especially for new traders who find it hard to finance their trading is that their classes are fully refundable with their partner brokers. They have partnered with some of the best commodity and forex brokers in the world that reimburse their training fees once you have completed their classes and choose either of their partners.

If you are really interested in making some money trading online, then its best to start learning how to trade and none is better at this than the online trading academy.

I set up a forex blog that is going to show you the newest and best forex system and I post everyday showing you how I made money trading forex. After 3 weeks of the market trending, your system starts failing and walla, you have nothing more to post on your forex blog. Do not fret, that has happened to nearly all forex traders so relax.

The current fad for forex bloggers is to start your blog, then copy and paste news from bloomberg, then add Adsense. It’s a very shady move and applied by even the so called forex gurus out there. However there are a few forex bloggers who have kept the faith and do not be surprised if this list does not hit 20

.1. The Forex Project – One of the oldest and best forex blogs. I like reading his posts a lot as they are honest and once in a while he does review a trading system he is using.

One of the posts I liked was experimenting with forex probabilities and it should be a must read for forex traders.

2.Trader Gavs Trading Blog – Very detailed and fun forex blog . I like the fact that some of the trades are called before they happen.His trading charts are often and also easy to understand.

As for one of his trades on the audusd, I would say start selling the aussie if you haven’t yet.

3.Forex Blog by Llyod – another great forex blog and is very detailed. However I will disagree with him on using automated forex systems. I just don’t like the idea.

I would suggest that you read the forex article on real ways to grow your money trading.

4.Forex blog: Currency Trading – this is a forex blog by Sam Beatson and has a very great tool where you can listen to his blog posts .I am thinking of adding it here as I can listen as I am trading.

I would suggest you read his last post on risk tolerance in forex trading though I would suggest instead of using pips as risk tolerance, one uses percentage of account size.

5. Hector Trader – He does what he says . This is a daily read for me and would love to test his system.

I will probably do it when I am finished with setting up the main forex portal next year.

We have talked about how difficult it is for a technical trader to trade during economic data releases and this is what he does

As you can see, this list is not yet 20 , but you can understand how hard it is for me to get 20 current and worthy forex blogs. However we shall continue with my top 20 forex blogs tomorrow .

If you wish to have your forex blog listed just contact us and you can also add your site to our forex directory.

We have seen that forex trading is not easy especially if you don’t have a good forex mentor ,good money management or even overtrade your forex account. In short if you don’t know how to choose your forex system , you might get the best forex system in the world but somehow it just does not work for you. You need a great forex mentor too as there are some forex traders who can not learn by themselves and might need to see other traders doing well before they have enough confidence to trade by themselves.

One of the things I always encourage new traders is to either find a group of fellow minded traders or go the way of just getting a good forex mentor. There a few forex traders who are willing to do this. However in many forex forums you will hear people complaining that getting a forex mentor is a waste of money. My question is always to them ,which is better, to lose your trading capital to your broker? or to pay for a forex education? I have done both and I believe getting a forex mentor is something I should have done from the first day I started trading.

One of the best forex mentors I can think of is Todd Brown from The Trading Authority . I always believe that a good trader can trade any market and not only have a trading method that just works with one foreign currency and is totally useless with another. With The Trading Authority, you are getting a well known trader who is willing to take the time to teach you how to trade.

His forex trading software available in esignal and tradestation takes the guess work out of your trading and allows you to take forex trading knowing that you will succeed in the long run. As a forex trader ,you will also get a free month in the Live trader mentoring room .Why not see how the forex system will work for you?

But to me the best idea they have is introducing a free week to see how they trade. Join the Trading Authority and at least get yourself into the live trading room free for 1 week and see if you like it. I did.

Like I have said so many times, it is not the system that makes money but money management and trader psychology. One of the best books I know that can help with that is Bird Watching In Lion Country. This book has been online for more than 5 yrs and is one of the best forex books I have ever read. I must confess that I used to be one of the traders who used to fight with drforex in the original moneytec but his book is excellent and every forex trader should have a copy.

I wish every one a great trading weekend and if you have any weird trading ideas,please do tell.