Day trading forums are excellent sources of information if you know which forums to go to and where to look.
Selected Review checked out the best day trading forums to see what they have to offer.
[Updated on 21 September 2017]
Forums With The Most Day Traders
Forums thrive on its participants. More day traders create more resources. The following forums are the largest, and hence possibly the best, forums for day traders.
Elite Trader is a massive forum for active traders including many day traders. The topics range from day trading journals and systems to Bitcoin trading.
However, with that many participants, it is inevitable you need more effort to separate the wheat from the chaff. And frankly, there is more chaff than wheat in Elite Trader. But look carefully, and you will find the gems among them.
These gems include the jjrvat scalp trade setup. To this day, it remains as one of the most viewed thread on the forum. Another popular day trading discussion on Elite Trader revolves around the trading method of Anekdoten.
Trolls are banned without hesitation. Discussions are kept on topic and consolidated to avoid multiple threads on the same subject.
The contributors are committed and helpful. Moreover, there is a large community of day traders in futures.io.
However, only Elite members can get access to the best content in the forum. Elite membership costs $100 for lifetime access. The membership offers some perks and discounts with certain trading vendors. To find out more about what the Elite membership offers, register first as an ordinary member.
Traders Laboratory is another forum with many day traders and a section devoted to &8220;Day Trading and Scalping&8221;.
In particular, there are active discussions, and valuable resources on volume spread analysis and the trading methods of Richard Wyckoff. If you are interested in using volume analysis in your day trading, this forum is indispensable.
T2W is a trading forum managed by a team of four which consists of three traders and a community manager. Having a team that understands trading does help to improve the quality of discussion. (similar to futures.io)
The &8220;Indices&8221; and &8220;Forex&8221; sections are the two most active sections on T2W. As indices and forex are common instruments used by day traders, these sections are a decent platform for day trading discussion. Due to the many UK traders who are active in T2W, you can find UK-focused day trading discussions like &8220;Anyone scalping the FTSE Futures?&8220;.
To start browsing through T2W, you can start with Captain Currency and Mr. Charts, alias of two popular contributors.
The forum at Forex Factory is extremely active and useful for forex traders. The two sections with the most number of posts are &8220;Interactive Trading&8221; and &8220;Trading Systems&8221;.
In &8220;Interactive Trading&8221;, traders share their trades by posting charts and explaining them. Other traders would offer their opinion or ask questions about the trade. It is an excellent platform to learn from the trades of other day traders.
The &8220;Trading Systems&8221; section has one of the largest collection of user-contributed trading systems, from those based on proprietary indicators to those using simple price action. Even for non-forex traders, the Trading Systems section is a valuable source of ideas for day trading systems.
Day Trading Vendor Forums
Many day trading brokers and trading product vendors offer their forums. These forums are primarily useful for finding solutions to vendor-specific issues. They also provide an insight into the level of support you can expect. The following is a list of such broker/vendor day trading forums.
|Broker/Vendor||What to expect|
|Oanda||One of the longest-standing forex forum offered by an established forex broker used by many day traders.|
|FXopen||Another forex broker with an international presence. The forums are relatively active with country-specific forums for active traders.|
|Optimus Futures||A support forum geared at helping day traders of this futures broker.|
|NinjaTrader||NinjaTrader is another popular day trading platform. Its support forum is fairly active, and the queries are usually addressed promptly.|
|Indicator Warehouse||A provider of day trading indicators and systems for the Ninjatrader software. The forum is not very active but worth checking out if you are considering a purchase. (Forum not available as at 14 July 2015.)|
|TheStrategyLab||A vendor specializing in price action strategies. Its founder, M. A. Perry (Wrbtrader), who is also active on the larger forums mentioned above, dominates the forum.|
Local Forums on Day Trading
Local forums often have threads discussing day trading or trading in general. These forums provide valuable information, especially for traders outside US and UK. These forums are useful for finding information on local markets, taxes, and brokers.
|Country||Day Trading Forums|
|Singapore||The Singapore Jobs Market Forum has a section for Forex Trading / Day Trading.|
|Australia||Aussie Stock Forums and TopStocks Forum are the perfect platforms for discussing active trading of Australian stocks.|
|Pakistan||The Pakistan Forex Forum has nearly 6,000 traders discussing in both English and Urdu.|
|India||E-investing India is an online community with discussions on Day Trading.|
|France||Andlil is an active trading forum in French with a section on Day Trading and Scalping|
Niche Day Trading Forums
Some niche topics in day trading include Bitcoin day trading and day trading computer setup.
For adventurous traders who day trade the digital currency, Bitcoin, it is necessary to keep tabs on the Bitcoin discussions over at Bitcointalk.
If you need some serious help with setting up your spaceship terminal for day trading, you can find some hardware experts in the forum at Tom&8217;s Hardware.
The Rest of the Day Trading Universe
Other than the forums listed above, there are dozens of small day trading forums out there. These forums are small but are not without value.
However, to check them out one by one is not a good use of time.
To help you find the relevant day trading discussions, Selected Review has a customized search engine that uses Google&8217;s superb algorithm to scour through 27 day trading forums, including the five top ones reviewed above and 22 smaller forums.