Recommended Forex Trading Resources

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.

TradingView

This is what Metatrader should have evolved into.

Too late.

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.

Oanda

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.

Coinbase Pro

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…

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!

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!

Transferwise

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.

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!

Metatrader 4 Tutorials

This is a collection of MT4 tutorials that I have created for everyone from the absolute beginner, to the advanced trader.

Learn how to do things like: use the hidden risk/reward calculator, create chart templates and more.

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.