We have seen a lot of things come and go over the years, but these are products that we wholeheartedly recommend.
All the items on this page have been tested by us and we have found them tremendously valuable, or they have been recommended by a reliable source.
But they may not be for everyone, so please take the time to find out if they are for your or not.
Table Of Contents
The Best Trading Books of All-Time
There are two components of successful trading: strategies and psychology.
These books will help you focus on the strategy component of trading. Read about trader success stories, get proven trading strategies and more.
We're continually updating this list, so check out what we've discovered recently.
The classics are here for sure, but there are also some hidden gems that you might not know of.
The Best Trading Psychology Books of All-Time
This list will help you with the psychology side of trading.
Psychology accounts for about 90% of successful trading, so this list is essential reading for traders who want to take their trading to the next level.
Read psychology books in the areas of trading, neuroscience, behavior modification and more.
We geek out about trading psychology. Learn what we've discovered works.
Recommended Trading Software
Using the right software can speed up your learning process and make you a more efficient trader. Here is what we have found most useful.
Forex Tester 4
This software has helped more successful traders than any software we know of.
Just listen to our interviews.
Speed up your education by practicing on historical data. Experience that you would otherwise take you months or years to acquire can be gained in as little as a weekend.
Trading Heroes readers get a discount.
This is what Metatrader should have evolved into.
TradingView is the future of trading software and it's becoming harder and harder to justify using software like MT4 and Ninjatrader, especially after you have tried the free trial of TradingView.
MT4 Floating Charts
Traders love having multiple monitors hooked up to their computers.
We want to see as much information as possible…I'm no exception.
This awesome piece of software allows you to detach individual charts and move them to your other screens.
Until now, this has been one of the few limitations of Metatrader 4.
Forex Trading Ultimate Guides and Directories
Here are some resources that we have found useful.
The Forex Programming Services Directory
Got a great idea for an indicator or automated trading system, but you don't know how to program?
No problem, you can always hire someone to do it. This is a list of programming services that we've compiled.
We don't endorse any of these services, we just want to give you some options.
Recommended Forex Brokers
Your broker is one of your most important partners in your trading success. They should be fair and reliable. To that end, these are the brokers that we recommend.
Obviously, you should do your own due diligence when selecting a broker. These brokers may not be a good fit for all traders, so figure out what works for you. By trading with these brokers, you accept 100% responsibility for your choice.
We've traded with Oanda US for years and they provide a feature that we feel is vital to the success of new and experienced traders alike…nano lots.
This allows traders to take exactly the right amount on risk on every trade and is especially important for traders who are starting out with small accounts.
Other brokers that only allow trading through MetaTrader, or similar platforms, require you to round your lot size to the nearest micro lot.
When traders are forced to round their trades up they are taking more risk than is optimal and can lead to bigger drawdowns.
When traders have to round down, then aren't making as much as they could be. If their wins don't make up for their losses, they can experience losses, even when their trading strategy should have positive expectancy.
Scandinavian Capital Markets
Regulations in the US and many places in Europe have become more and more restrictive.
The primary downside of this is that available leverage in Forex trading has gone down considerably. Sure, too much leverage can be dangerous for beginners.
But not enough leverage is dangerous for professionals.
Full-time traders with large accounts spread their money across multiple brokers and prefer to keep a large chunk of their trading funds in their bank. This protects them from surprise market movements. However, this also means that they need more leverage to comfortably execute trades.
This is where a broker like Scandinavian Capital Markets can help. They are regulated in Sweden and provide good (but not excessive) leverage…the best of both worlds.
If you are a full-time trader, then we recommend talking to Scandinavian Capital Markets.
We have met with them personally and we feel that they are one of the few regulated, non-US brokers that are operating with integrity and actively work on establishing positive business relationships with their clients.
…unlike other brokers that treat you as a number.
Scandinavian Capital Markets is not for beginning traders. But if you are outside the US and you are an experienced trader, we feel that they are an excellent option.
If cryptocurrency trading is your thing, then we recommend trading with Coinbase Pro.
We have found that the Coinbase platform is super stable and deposits/withdrawals have been smooth. Since they are in the US, you can also be assured that they are regulated and can accept US clients.
To kick off your trading, get $10 of free Bitcoin (when you buy $100 or more) via the link below…
Recommended Trading Education
Trading Heroes Education Courses
We provide trading education that teaches you the process behind consistently profitable trading.
Almost all of the trading education out there has not evolved since the days of mail order trading courses. Our education teaches trading differently.
We also partner with industry experts to bring you their expertise in the areas of trading, psychology, programming and more!
Recommended VPS Hosting Solutions
A Virtual Private Server or a VPS allows you to run your trading programs 24/7/365. This is what you need to run alert indicators or Expert Advisors.
Trading FX VPS
We recommend Trading FX VPS for hosting MT4, MT5, Ninjatrader, cTrader and any other Forex trading platform.
Since they only run VPS servers for FX traders, they know exactly what you need and you can rest assured that there aren't other types of applications running on their servers.
They make the process simple, just login and go!
Recommended Money Transfer Service
If you send money internationally, then you know how expensive (and time consuming) a money wire is. Even more “modern” services can take forever.
…and they are also expensive.
Transferwise is a great alternative to these existing services and their transaction costs are minimal. The payment gets there quickly, and you can withdraw from different sources like a debit card, credit card or bank account.
Perfect for sending money to friends/family/business partners, paying for products/services or funding your next trading account.
Recommended Trading Gear
If you are looking for some recommendations on the best equipment for trading, this is the page for you.
Get our tips for best trading computer, monitors and more.
Everything that you need to trade…and some stuff that is just plain fun!
Trader Interviews and Trading Videos
Staying inspired is very important. Here are some resources that will help you to keep moving forward.
The Trading Lifestyle Podcast
This is the podcast where I interview regular people who made up their mind to become full-time Forex traders and succeeded.
I also interview industry experts who can also help you trade better and live better.
You can also subscribe to the podcast on iTunes.
The Trading Heroes YouTube Channel
Get the latest video tips and Forex trading tutorials on our YouTube channel. We create videos on:
- Trading strategies
- Backtesting results
- Trading psychology
- And more!
The best part is that it's always free!
Disclosure: Please note that some of the links above are affiliate links, and at no additional cost to you, I will earn a commission if you decide to make a purchase. I have personal experience with all of these people/products, and I only recommend them because they are helpful and useful, not because of the small commission I make if you decide to buy something. There are a ton of crappy trading products that I could recommend, if I was just in it for the commissions (which I'm not). Please do not spend any money on these products unless you feel you need them or that they will help you become a better trader.