Poor Content in the Forex World

Greeting on this beautiful May day in Tennessee. Your author likes to spend some early morning hours before the phone begins to ring to analyze, research, and "google" terms relative to his industry. It is a good practice for anyone in business.

After all, the net is where the audience resides. In continued research surrounding the forex and currency markets, I honestly can say, there are likely fewer high quality content driven sites than in any other industry. This is particularly true when you consider that the foreign currency market is huge. Industry players are numerous, traders exists by the hundreds of thousands, brokers service those traders, and an entire industry serves to train those who have an interest.

Still, with few exceptions, the content one finds when researching certain aspects of the market leaves so much to be desired.

Why?

I have a thought. It is likely greed that keeps the best content on the web. The best resources I know in the forex business are quick to charge a subscription for their services. That is NOT greed however. These great mentors provide a service and the marketplace is wise to pay for access to their experience and time.

Greed I am referencing may be seen as the myriad of websites that are built to share information with the new forex trader without the author being completely clear about his intent. I once bought a pro-biotic online only to find out that when I clicked submit on my order, the very, very fine print made it clear that I had signed up for an autoship of extremely high costs. The greed factor takes the audience, one that may not be as sophisticated and shares incredible hyped up results and then makes out like they are providing just enough valid and useful educational information to lead someone into a high priced purchase of a training system, mechanical trading system or worst of all managed account.

I don't claim to have a line on all the truly strong content out there in the market place but I can make some significant recommendations.

For beginners and those interested in forex for the first time, you can't beat http://babypips.com.
Their content is entertaining, useful, independent, and even with all the ads on the site, you receive agenda free education in the forex trading arena.

For those wanting to do a little research on a company, systems, EA's or other industry related topic, I recommend http://forexpeacearmy.com
They are the "60 Minutes" of the industry. They are not a bunch of rogue blackmailers setting out to ruin companies that don't pay the shakedown. On the contrary, they use user generated content, back it up with their own research and truly work with the companies people have complained about. Their interest lies only in the end user, i.e. the trader or investor.

For the more experienced trader, I recommend without reservation, http://forexbriefings.com.

This site provides tremendous content via subscription to a variety of tools, presentations, trading sessions, that are designed to take the semi experienced currency trader to a place where his game becomes life changing.

Check out these great sites and recommend them to a friend. Let them know Currency Investors Group and Careers in Forex Blogspot sent you their way.

Sherman Mohr serves as CEO of Currency Investors Group, a currency trading training firm in Brentwood TN.