11.09.2024

14 Best Forex Teachers, Mentors and Educators on YouTube

YouTube is packed with experts who can help. The good part of this is that there are lots of Forex trading educational channels to choose from. The bad part is that it becomes too hard to choose. In this article, we introduce you to the top Forex professionals on YouTube. We watched every channel mentioned in this article. These mentors will teach you everything from the basics to advanced strategies. Let’s find the perfect guide for you!

Let’s get straight to the point.

Criteria for Selection

This selection is not the top most popular channels about trading on YouTube. Although, there are many popular ones among them.

This is not a ranking of the best. They are all good in their own way.

This is not an advertisement. We recommend these channels wholeheartedly.

So, here are 14 best Forex trading YouTube channels that deserve your attention.
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Best Forex Mentors on YouTube

Fxalexg

Alex Gonzalez from Swing Trading Lab shares top Forex trading tips on his YouTube channel, fxalexg. He offers live sessions called “SUNDAY SWINGS” where he gives away his best trades of the week for free. His videos also include easy-to-follow tutorials for both beginners and more experienced traders. Watch Alex as he turns $100 into much larger amounts, demonstrating simple and effective trading strategies. If you want clear, straightforward lessons on making money through Forex, this channel is for you.

Bear Bull Traders

Bear Bull Traders is a YouTube channel run by day traders who share their daily trades live. It’s perfect for anyone interested in day trading. You can watch them trade live, learn the basics of trading, and get tips on how to start your trading career. Videos like “How to Day Trade for a Living” and “Live Day Trading Summit 2024” show you real trades and how to make money trading every day. This channel is good for people who like to see trading in action and learn from real examples.

The Trading Geek

Brad Goh, known as The Trading Geek, started his YouTube channel in 2021. He shares his real experiences as a trader, including both his wins and his losses. Brad teaches how to trade effectively using strategies that big banks use. His videos are easy to follow and are great for both beginners and more advanced traders. For example, his Market Mechanics series explains how to understand the market better and how to make smart trades. If you want to learn from someone who shows the real side of trading and offers practical advice, check out The Trading Geek.

Akil Stokes (Trading Coach at Tier One Trading)

Akil Stokes is a co-founder and trading coach at Tier One Trading. His YouTube channel is packed with videos that teach both new and experienced traders how to avoid common mistakes and understand complex market concepts in simple terms. He uses straightforward explanations and shares practical trading tips through his “Trading Coach Podcast” series. Akil’s videos cover everything from the basics of day trading to deep dives into specific trading strategies.

If you’re looking for clear and helpful trading insights, Akil’s channel has lots of useful videos on how to improve your trading skills and make smarter decisions in the Forex and crypto markets.

MambaFx

MambaFx makes learning Forex trading fun and easy. His channel has over 428,000 subscribers and features videos that show how to make big gains in trading, like turning $11 into $1,100 in just 12 hours. He shares both his wins and the tough times to give a full picture of what trading is really like. If you’re new to Forex or looking to get better, his channel offers tips on how to grow small accounts quickly. MambaFx keeps things light with humor while providing valuable trading tips, making his channel a great place to watch, learn, and enjoy trading.

Best YouTube Forex Educators

Lewis Kelly

Lewis Kelly makes complex trading ideas easy to understand on his YouTube channel. He focuses on Smart Money Concepts (SMC) to help anyone get better at Forex trading.

Lewis offers a mix of beginner tips and detailed strategies about market structure, supply and demand, and how to manage trades. He provides free courses that he says are even better than some that you have to pay for. His channel is great for traders who want clear, detailed help with their trading strategies to try and make $10,000 a month.

CallistoFX

CallistoFX makes Forex trading easy to understand for traders at any level. The channel offers videos that range from beginner guides to advanced trading strategies like Smart Money Concepts (SMC). CallistoFX’s videos are straightforward and focus on giving traders the skills to be consistent and profitable.

You’ll find a series on different trading strategies, tips for prop firm trading, and ways to manage risks effectively. CallistoFX also shares real success stories from their clients, showing how their strategies work in real life.

Trade with Pat

“Trade with Pat” is a YouTube channel where Pat, with 13 years of trading experience, teaches about Forex, cryptocurrencies, stocks, and indices. He provides easy-to-follow trading strategies, tips, and insights on using tools like robots and signals.

The channel has 184,000 subscribers and offers content suitable for both beginners and advanced traders. Pat also gives away a free trading course and shows how to use trading robots. If you want straightforward advice to improve your trading, check out “Trade with Pat.”

Wysetrade

Wysetrade is a YouTube channel with over 1.26 million subscribers, focused on teaching Forex trading effectively. The channel breaks down complex trading ideas into easy-to-understand lessons for beginners and also offers advanced strategies for more experienced traders. Videos cover topics like chart patterns, candlestick patterns, indicators, and trading basics.

Wysetrade provides free, detailed courses on Forex trading, such as “Forex Trading For Beginners,” which walks new traders through all the essentials. For those interested in more specific techniques, the channel also explores strategies like Fibonacci retracement and options trading.

Best Forex Teachers on YouTube

Adam Khoo

Adam Khoo’s YouTube channel is a great place for anyone interested in stock investments and options trading. As a professional trader and best-selling author, he shares his knowledge on how to profit from trading and investing in the stock market.

His channel includes playlists on basic stock trading, advanced options strategies, market analysis, and investment psychology. Adam explains complex concepts in a way that’s easy to understand, making his lessons accessible to both beginners and experienced traders. He also covers specific topics like REITs, dividend investing, and economic indicators to help viewers make smarter investment decisions.

Navin Prithyani — Urban Forex

Urban Forex is a YouTube channel run by Navin Prithyani that makes Forex trading simple.

Navin shares tips on how to use trendlines, handle emotions while trading, and develop solid trading strategies. The channel covers key trading concepts like price action, support and resistance, and technical indicators.

Urban Forex provides regular articles, strategy videos, and free webinars to show different trading methods. There are also special discounts for their Mastering Price Action course.

Ricky Gutierrez

Ricky Gutierrez makes easy videos on how to start making money through stocks, cryptocurrencies, and more. He has already published over 4,000 videos which is truly impressive. He talks about everything from day trading to real estate and supercars.

Ricky also runs TechBud Solutions, a big group where investors and entrepreneurs share ideas. He started investing in real estate at 20 and loves supercars.
His channel offers tips on trading and investing. You can watch him trade live and learn how to invest smartly.

The Trading Channel

The Trading Channel is run by Steven Hart. He started trading Forex professionally in 2011 and has been teaching it since 2014. His channel has 2.55 million subscribers and 420 videos.

Steven’s goal is to help you learn Forex trading quickly and effectively. He offers over 100 free videos and also has paid courses for more detailed learning.
This year, Steven wants to mentor 500 traders. He uses his channel to share valuable trading tips and strategies.

Forex Tester on YouTube

And, of course, we recommend subscribing to our own Forex Tester channel. There we publish instructions on backtesting, talk about strategies and indicators, and give tips for Forex testers. This channel will be useful for those who want to study technical analysis and backtesting in depth to improve your skills and boost confidence.

How to Choose a Mentor

When choosing a Forex trading mentor, it’s important to verify their experience and credibility by looking for proof of their success and longevity in the market. A good mentor should also be an effective communicator, capable of breaking down complex concepts into understandable terms.

Consider their teaching style to ensure it matches your learning preferences — some may offer hands-on guidance, while others provide resources for independent learning. Always check reviews and testimonials from other students to gauge the mentor’s effectiveness. Lastly, make sure the mentorship includes comprehensive content covering risk management, trading strategies, and psychological aspects of trading.

To find a reputable mentor, engage in trading forums, join Forex communities, and attend webinars to directly observe their expertise and approach before making a commitment.

Theory is Nothing Without Practice

To master your Forex trading skills without risking real money, you can use backtesting programs. Backtesting lets you test your trading strategies using historical data. This helps you see how your strategies would have performed in the past.

A popular tool for this is Forex Tester. It’s easy to use and lets you simulate years of trading quickly. This helps you improve your strategies before using them in real trades. This way, you can build confidence and reduce risk.

FAQ

What else can I learn besides courses and YouTube videos?

In addition to the courses and YouTube channels discussed in this video, we recommend studying at least 2-3 books about practical trading to gain fundamental knowledge.

What should I learn before taking a course?

Before taking a course, learn the basics of Forex trading, such as how markets operate, and key trading terms. Understanding the fundamentals will make advanced topics easier to grasp.

What red flags should warn me against a particular Forex mentor on YouTube?

Red flags against a Forex mentor include lack of proven trading success, poor student reviews, and unclear course details. Be cautious if a mentor promises guaranteed profits or uses high-pressure sales tactics.

What else can I learn, besides YouTube videos?

Besides YouTube videos, you can learn from books, online courses, webinars, and trading forums. These resources offer in-depth knowledge and varied perspectives on Forex trading.

Where can I practice before I start trading on a real account?

You can practice on demo accounts provided by many Forex trading platforms. These accounts use virtual money, allowing you to test strategies without financial risk. But often these accounts do not provide enough tools for good practice. To hone your skills even more without risking your money, we recommend using professional backtesting software like Forex Tester.

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