The Top Forex Groups On Reddit
The hottest financial news sites are one thing, but which subreddits contain the most valuable information for investors?
Reddit is a gold mine of up-to-the-minute information on just about any subject. That includes finance, both traditional and cryptocurrency. There are subreddits that will keep you informed about the American stock market, various international exchanges, and even about the market for commodities.
So, where should you be getting your information? With so many subreddits out there, it can be difficult to find the ones that are most likely to keep you informed and up-to-date on your investments.
Here’s a look at our picks for 10 top Reddit forex groups that should give you the information about trends in forex trading that you need.
1. /r/Forex
The obvious place to start is with the top forex subreddit itself! The sidebar of /r/forex contains a good description of what they’re all about, along with helpful links. As part of its description, /r/forex provides a list of recommended resources, including webinars, books, and educational sites. There’s also a helpful list of the most common abbreviations that you’ll find in the subreddit.
2. /r/Emoney
If you’re just starting out with forex, this is one of those subreddits you should definitely be following no matter what. It’s full of beginner advice and information about getting started as well as general posts and commentary regarding currency trading and exchange rates. On top of all that great content, /r/emoney has an incredible community. You can always post questions here to get quick answers from experienced forex traders who are much more likely to help than trollers or downvotes on other subreddits! And if it’s your first time asking for tips, make sure to check out their helpful tips for asking questions.
3. /r/ForexFactory
A lot of people are especially interested in forex trading because it can make them a lot of money very fast. If that’s you, then the name of this subreddit might immediately pique your interest! Here you’ll find posts about all the latest trends that affect currency prices and daily news about forex traders making serious bank. The community here is incredibly informative, so take advantage by asking your own questions and sharing relevant information about your own experiences!
4. /r/CryptoMarkets
If cryptocurrency is more up your alley than fiat currency, then definitely check out //cryptomarkets instead! The focus here is on Bitcoin and the blockchain rather than traditional currency trading. /r/cryptomarkets is a great resource for anyone wanting to catch up with the latest in cryptocurrency financial trends and information. There’s plenty of discussion about crypto investment strategies, historical data, and any other questions you might have that are specific to this particular realm of finance.
5. /r/stocks
Even though it’s not specifically dedicated to forex traders like most of the others on this list, we had to recommend checking out //stocks as well! It should come as no surprise that being able to predict what stocks will do can significantly help your own personal investments, so add it to your daily subreddits if you haven’t already! Here you’ll find all sorts of news and discussion about the stock market and individual companies involved with it. There’s also a strong focus on personal finance and getting started as an investor, so this is another good one for beginners!
6. /r/etf
If stocks aren’t your thing but investing sounds like something you’d be interested in, then definitely keep //ETF on your radar. This subreddit is dedicated to everything related to exchange-traded funds (ETFs) rather than individual stocks or other types of investments. As such, posts here will cover various trending ETFs that are packed with information about their financial performance and strategies for investing in them. Keep an eye out because there are some other helpful subreddits that are directly related to this one!
7. /r/YouShouldKnow
Even though it’s pretty straightforward in its name, there are still a lot of people out there who aren’t familiar with //youshouldknow! It can be easy to feel left out when you’re trying to learn about finance, but everyone else seems to know what they’re talking about. Well, that ends now! Here you’ll find posts about everything from daily financial news to personal stories that highlight the effects money has on real people. And since most of us see numbers and dollar signs all day long at work, this is also a good place for discussions relevant only to those looking for work or thinking about switching jobs.
8. /r/PersonalFinance
Even though there are plenty of people who still don’t have a good handle on their money, //personalfinance is the subreddit for you! Even just reading through this one will give you a crash course in personal finance that most people would kill to have. All sorts of topics are covered here by professional financial writers, so if you’re looking for solid information about how to start budgeting or investing your money, THIS is the subreddit for you! And since it’s slightly more specific than most others on this list, /r/personalfinance is also great for newcomers to get started with.
9. /r/Entrepreneur
For anyone interested in starting their own business, there are few things more important than understanding personal finance. And while //entrepreneur is primarily focused on the business side of entrepreneurship rather than money management, there are still some great resources here for those looking to enhance their entrepreneurial skills in general! The goal of this community is to provide support and feedback for anyone who wants to start something new but can’t seem to get moving. There’s also a discussion about many other facets of running a startup that will help you discover what it takes to make your dreams become reality.
10. /r/PersonalFinanceCanada
Last but not least, our list couldn’t be complete without mentioning //personalfinancecanada ! Just like the country it represents, this subreddit places a strong emphasis on personal finance management, but it covers everything from insurance to investments and more. If your goal is to learn how to best manage your money in the Canadian market, then this one’s for you! You’ll find a lot of helpful information here that won’t be covered by any other subreddits on this list, so if Canada is where you’re living right now, make sure you subscribe ASAP!
In conclusion:
From the article: “Now is a good time for people who don’t understand personal finance to get started with //r/personalfinance and learn everything you can about your money! Even if this subject isn’t intrinsically interesting, it’s one that will likely impact your life in more ways than you think. If you’re looking for something specific, then there are plenty of financial subreddits dedicated to different types of investing, currencies, and even just daily news!”
Forex is a trading term used when dealing with foreign exchange currency rates. Forex rates also apply to the amount an investment has grown or declined over a certain period of time.