Trading forums have been part of the trading landscape ever since the internet has become popular. For the most part, trading forums have been a helping guide for those who seek initial advice, trading education and a place to ask about 3rd part vendor services. Before you trade in a Forex forum, however, it's a good idea to know a bit about what they truly offer. Here are some advantages of using a Forex forum:
Knowledge Base - you can find lots of trader who are willing to share their experience, both the technical experience and the psychological aspects of risk management.
Free Information- The sharing on the internet is free, and at times you can find "?gems" that would help your trading without paying for books, courses, etc
Anonymity- you can ask questions without revealing your identity.
On the other hand you cannot navigate through trading forums without keeping the following in mind:
Theoretical Experience: Sometimes it is hard to detect what sounds good versus what is practical. Many of the ideas are
vague and at times not implementable in real time trading.
Personal arguments: Forums tend to get "?argumentative" and there are debates that fall outside the realm of trading. These arguments are useless for those who seek knowledge and serve only advertisers as more content is added.
Credibility: The bottom line is that you never know if the person who is giving you advice is successful. Many claim they are, but posting all day on a forum bears the questions of time and trading.
Consider a trading forum such as Forex Trading Forum that is simply a knowledge base of questions and answers. This could answer your questions technically and get straight to the point. This is just another format that is taking place nowadays in order to filter out the noise within the forum world.
As the world of info about Forex is growing on the net, always use your discretion whenever you comes across ideas, discussions and debates.