Does anyone follow forex traders on youtube who trade live? Im looking for a youtube channel or other site that you can follow forex traders live and watch them trade
1 Like
I think thousands of people do, and that’s surely part of the reason the proportion of people taking up trading who ever really become profitable is so tiny.
The key questions they very rarely ask themselves are probably -
-
Are they looking at people with trading skills or marketing skills?
-
Why would anyone who can make a living from trading need or want a Youtube channel?
10 Likes
A lot of the people I see are not based in the US and often trade other products more than forex. I was hoping to find someone that is actually a decent trader and shows both their wins and losses and teaches you how to trade
2 Likes
An understandable thought.
But not one that’s going to work out for you, for exactly the reasons referred to above.
Don’t try to learn to trade from Youtube! It’s easy to identify in forums the people who originaly tried to do that, and they’re not profitable traders!
6 Likes
I’ve started watching a few live forex trading sessions on YouTube as a beginner it’s been helpful to see how real traders manage trades in the moment. I mostly watch for learning, not copying, because their setups don’t always match what I’m learning. It’s a good way to pick up things like risk management and patience, but I still make my own trading decisions. Just be careful not every “live trader” out there is legit.
They’re not “real traders,” Kevin. They’re real marketers. Compared with the readily available alternatives, it’s a very, very bad way to try to learn.
This is exactly right. 
Understatement of the decade. 
3 Likes
The answer is simple: Can these YouTube traders provide a legitimate, verified track record, like a fully verified MyFxBook link?
If they can’t, I agree with what the others wrote. They’re likely good marketers, not necessarily good traders.
Think about it: why would any YouTuber, influencer, or instructor choose NOT to provide clear, verifiable proof of their profitability if they genuinely have it? Showing verified profitable results would only increase their viewers and sales.
2 Likes
Check out this, but DYOR!
The only person I know who is for real is Tom Hougaard. Google him. But it’s a very specific type of day trading that may not suit you. Most of the inspiration for my manual trading came from watching him.
Edit to add. He doesn’t trade forex though. CFD on indices.
1 Like
Yeah thats the problem, no one trading Forex.
Why does it need to be forex?
If that’s the problem, then maybe “be grateful for small mercies”? 
In reality, a much bigger problem is that there’s 95% misinformation and 5% information there: do you have the skill-set and experience-level needed to distinguish between the two, or is trying to acquire those part of the reason you wanted to watch?
If it is, a Strategic Rethink about sourcing your education will be far more helpful to you. 
3 Likes
People learn in different ways.
People are encouraged (by online “information”) to think it’s perfectly ok for them to want to learn in different ways. Some imagine that it’s perfectly ok for them to learn better from videos.
(It isn’t perfectly ok, at all, of course, when it comes to learning trading, because most of them, most of the time, will be learning misinformation from people selling stuff, building mailing lists, and/or whatever. But they don’t know the difference. I feel uncomfortable even discussing it, because whatever you say, you come across as patronizing and condescending, but what can you do?! You can’t change the reality that people who learn to trade from Youtube will almost certainly never become profitable, and you can’t change the reasons, either. 
).
3 Likes
It is the internet age. People want the fast way to do everything.
Many want “short cuts”. For trading these work only badly.
1 Like
To reply here. I am looking for forex only because that is currently what I am trying to get better at. Im not looking to copy someone’s trades and do no research myself. I was just curious if there was someone out there that trades forex online that I could watch how they set up their entrys and exits and how they manage their positions. Not looking for a short cut just looking to learn. It would seem to me that watching a good trader do their thing would be helpful. Sounds like that may be harder to find than I thought which confirms my suspicions as I have not found one yet and there is a lot of crap on youtube.
1 Like
I don’t think you’ll find anyone better than Tom Hougaard if his style suits you. https://www.youtube.com/@TraderTom/streams
Forget about wanting to trade forex and switch to indexes, I think you’ll be far better off following somebody who can trade and shows everything than trying to find somebody who does the exact thing you want. He’s online most days at 08:00 BST and 14:30 BST. He’s doing this to sell a book in the future about what he’s doing, but that doesn’t make it any less valuable.
I’m sure you can modify and adapt these principles to forex, but I stay away from forex nowadays. I just don’t think there’s a lot of logic behind why the markets move.
1 Like
This is unexpected advice to find in a forex-trading forum. But it matches what a few other people I trust have been saying recently.
I was starting to wonder, recently, if I should be trading something like the S&P instead of the EUR/USD or GBP/USD. It increasingly makes sense.
Thanks for prompting my thought-processes along (and I hope you don’t mind if a new “follows” you. I see that many other members do, also!). 
1 Like
Many people this days don’t want to trust the process as you said they want short cuts not knowing is not right
1 Like
The other advantage of indexes is that they trend up over the long term. So if you look for buys and value points, you have a built in edge to start with.
Obviously shorts can be profitable too, but looking for where the market sees value makes much more sense on something that has an intrinsic value
3 Likes
I find out this thread during my trade. I just want to share some fact about trading CFD.
Many fail in CFD, the truth is many also successfully become trader. The problem with CFD is the leverage. It can be very risky as OTC product. Many scamming cases are related to CFD, This make many pro trader don’t really care to get involvement, as long as they make money, they want to stay out from troubles.
Most pro traders work silently. We want to protect our skill, as many want to learn with guarantee even for free, which is impossible to be done. Trading skill related to discipline, mentality and intelligent. When someone can’t control the emotion, the person will be mostly fail.
About live trading in youtube or other media, they are business. Everyone is free to make business. Actually I met some of them. They mostly make it as paid service. Reason, there is rarely free lunch in this world.
I do youtube for fun as well, but I’m not a youtuber. Once I got a person asked me my trading record, I asked for what purpose. Without respect many accusations addressed to me, in short I became a scammer by his opinion. Finally, I showed him my MT5 account, with investor password. I thought all would be cleared, but it he said, my account was fake.
I also showed him Trade Explorer at ForexFactory, still he said it was demo account. Later, I realized why do I need to proof everything? What will be the benefit for me? This kind of person doesn’t want to know the truth, he wanted to proof he is right. The same reason why some people believe the earth is flat.
Since then, I never show my account any more, tired with the toxic people.
The lesson from my story, when we want to learn, we need discipline, focus and determination. There are many successful trader in Asia I have met. Most of them are retires, old man / woman. They are silent trader, while the information about trading are dominantly create by younger generation with no enough experiences. They mostly trade Metal (XAU, XAG), Energy (WTI) and some major pairs. If you ask me to proof, I can’t. But we can proof it yourselves by working in a broker if there is a chance. If we can’t, nothing can be said, accusing others as liar, no advantage to ourselves neither.
For me, be open minded, be realistic. When CFD is not suit us, just move away. But, when we really have interest in it, learn properly with discipline. Throwing out temper wont help us to solve the problem, but I will only let us suffer.
There are many successful trader, mostly they are hidden, undetected. When you know how to access them, you will see different thing. We have to be smart to identify them, the real one and scammer. Our attitude toward other will define our success. I believe the good attitude will show you the path … but we always have to aware when the person is a liar.