List of free forex-specific resources, all a click away. If you have anything you feel should be added, please send it to me, and thank you to all who have contributed thus far.
1. Audio and Video Market Data
Talking Forex (Ransquawk) Live Audio Market Commentary – Live market commentary (Reuters feed, market rumors, etc.) squawked live with a 5 minute delay. Real time is only GBP20.00/month. Announcer squawks live news aggregated from professional sources through all trading sessions. It’s a great service and well worth making a part of your daily routine. These guys are good and offer a quality product.
FXPro, Real-Time, no news feed: http://talking-forex.com/fxpro_squawk.html (now depreciated, 2015)
ZeroHedge, 5 minute delay, news feed: http://talking-forex.com/live?code=dBQ869WseBTwk3cHwUz9
Also free if you have an account with Alpari, according to one of our readers.
NewsStrike – Free audio alerts in real time, but only for the US trading session (7am to 5pm EST). Service is 100% free. I haven’t tried it out yet, it was just sent to me so I sent them an email to sign up.
Bloomberg Live – Live BBG TV.
2. Economic and Credit Charts and Data
Trading Economics – Tons of world data available taken from many sources
FRED (St. Louis Fed) – Anything you need on the US get here. World data is also available.
Thumbcharts – Mainly the US economy.
Moody’s Sovereign Ratings – (need to register but free)
Fitch Sovereign Ratings – (need to register but free)
Wall Street Journal Economic Chartbook – US economy.
3. FX Volume and Market Depth
New York Fed FX Volume Survey – Updated monthly.
NinjaTrader / FXCM – has true executed volume, but no depth. Demo account of course free. After a quick glance it appears the trade sizes are small to the point where I would assume these are FXCM or a small conglomerate only volume. Does not appear to be an ECN, but an inquiry to FXCM may or may not help in discovering what it is. Either way, I would recommend using a larger ECN source with either true volumes or ticks as volumes (these two are very highly related).
Futures – CME Group Volumes and Data – (need to register)
Futures – CME FX Quarterly Review – Aggregate contract and notional volumes.
Oanda’s Order Book – Live volumes of client positions. Trade into the aggregate pending flows. They’re basically the same on any institutional ECN. Poor minds think alike.
Oanda’s Historical Position Ratios – The above, but historically speaking.
4. Current Market Data and News
IFR Markets (read) – Highlights include order flows touted on currency pairs, briefings, outlining daily notes, key levels, etc, Forex OTC option data, volatility data including risk reversals, etc, and technical studies. You can get an abbreviated version free with an Oanda Demo or Live account here http://www.oanda.com/. Go to the Oanda platform and click go to Resources>FXNews. Everything is there.
UBS Currency Strategy and Research – Free with an Oanda account.
5. Industry Specific News
6. Online Charts, Option Data and Performance
TradingView – Some of the best and easiest to use free online charts available, and they are also good friends of ours. Equities and full Forex available at the time of this writing. Since their launch, NoBrainerTrades.com has been using their charts as its primary means for explanation in its posts.
Forex Automaton – Excellent resource for arb strategies, using a favored variant for calculating correlation coefficients.
AutoChartist – Chances are, your broker has a relationship with these guys and you can get access to their tools for free. We like their detailed statistics and easy heads up on developing patterns.
ForexTicket – Various tools including correlations, volatility and distribution.
TimingCharts – Easy COT (Commitment of Traders) Charts.
R Project – free software environment for statistical computing and graphics
Spread Constructor for MT4 – creates a synthetic pair of other currency pairs or any other instruments fed into the platform
GBOT – Open source algorithmic trading software
Patternz – Older price pattern recognition software via Bulkowski
*This section need help. Please send me your ideas. My only request is no retail brokers.
DoubleLine – Provides email notifications of market commentary and, white papers, etc
John Mauldin – Mauldin provides (usually) bi-weekly updates to readers on world macro conditions…from his site: “Mauldin is the President of Millennium Wave Advisors, an investment advisory firm registered with multiple states. He is also a registered representative of Millennium Wave Securities, a FINRA-registered broker-dealer. Prior to that, he was Chief Executive Officer of the American Bureau of Economic Research, a publisher of investment newsletters and books”….
DailyPfenning – macro thoughts delivered daily.
Van Tharp – Free (with sales pitches) newsletter commenting on trader psychology and current market environments by the author of ‘Trade Your Way to Financial Freedom’. His risk management strategies are great. Ignore his trading strategies. And the countless sales pitches.
Joe Ross’s Chart Scan Newsletter – I’ve been getting this since I started trading. Joe Ross is one of the pioneers of individual day trading techniques and offers a wide range of books, services and trading systems for futures and forex markets, but you can get his newsletter for free.
GANN Global Financial – Strategy specific, of course. Offers a free newsletter with latest technical ideas.
9. EBooks and Articles
Trading-Naked – Tons of great reading material can be found on trading-naked.com (please excuse the audio in the back; I admit in saying I find it a little weird, but the site material is good).
Pdf-search-engine.com – Not a trading site, but type in the name of any trading book and there’s a likelihood you’ll find a reprint of it here.
DocStoc – Not sure if this is even worth mentioning but a better alternative to Scribd ever since they started sticking it to their loyal users. Lots of institutional research on this site.
10. Free Magazines
Currency Trader Magazine – A free magazine distributed monthly outlining latest events, strategies and input.
FX Trader Magazine – A newer magazine that started off on tablet devices. Other download methods available.
Futures and Options Trader – As the title says, but still filled with lots of useful information in regards to trading strategies.
Futures Magazine – Free magazine with all of the above, but emphasis on futures trading strategies. Currencies are also discussed from time to time. Can’t beat the price.
SFO (Stocks, Futures and Options) Magazine – A free monthly magazine with a wide range of trading articles dedicated to the daytrader.
Global Finance Magazine – Delivers the full story; corporate finance, joint ventures and M&A, country profiles, capital markets, investor relations, currencies, banking, risk management, custody, direct investment, money management and all the rest-specifically tailored for corporate readers around the world.
Investment Advisor Magazine – Authoritative features, product surveys, planner profiles, and monthly articles on improving client relationships; covers the spectrum of portfolio management.
11. Trading Tutorials/Instruction/Strategies
Informed Trades – Massive and free video course available – good place to start for noobs.
NASDAQ’s Online FX Trading Tutorials – Site features a lot of valuable data.
Decision Point Learning Center – Online overview of various technical analysis / trade management / psychology techniques
Investopedia FX – This website used to be much better before the retail crowd took over, but still some decent stuff.
MoneyShow – These guys run the “Trader’s Expo”, which is basically a great thing to go to if you love sales pitches. Website is now flooded with videos and articles about trading instruction.
FXWords – Well organized dictionary of FX terms.
12. FX/Alt. Inv. Industry and Regulatory
The CFTC’s Financial Data for FCM’s (Futures Commission Merchants – aka Futures and Forex Brokers) – See how your broker stacks up financially.
ForexMagnate’s Directory – Full-blown directory of businesses servicing the FX industry.
NFA (National Future’s Association) BASIC – Search and see if your prospective broker has been decked for any serious violations. Many have.
FCA (Financial Conduct Authority) – FSA got cut up into 2 categories – this is the one that will contain information on broker regulation.
ASIC (Australian Securities and Investments Commission) – Regulatory arm of Australia.
13. Alternative Investment Databases (Free to browse only listed here)
IASG – actually is an introducing broker but a great interface and one of the most up to date
Stark & Company – limited access
BarclayHedge – limited access