Using a forex forum has many benefits that are not always obvious
1. Hear From Experienced Traders
Lurking around a forex forum can give you the benefit of hearing about the experiences and ideas of traders with a little more trading under their belts. This can help you to learn some things without having to actually experience them. There really is no substitute for experience, however, sometimes it proves to be much cheaper to learn from someone else.
2. Learn About Forex Trading Systems
There is always someone on a forum talking about a new forex trading system. The system is usually either one they made up, or one they found elsewhere. Either way, this is a good way to learn about new systems and usually to see how they work, without having to try them with your own money.
3. Get Feedback on your own Trading System
If you have a trading system that you've dreamed up, or want to try using, a forex forum is a good way to get some feedback on that system. Sometimes other traders can help you to think of pitfalls or advantages that you never considered.
4. Find Out What Other Traders Are Doing
Have you ever made a trade and wondered, am I the only person that is going short/long here? Visiting a forex forum can give you some sense of an idea of what other traders are doing, or at least thinking about doing. This is not to encourage you to just copy everything you read, but it will give you a chance to see if you are in line with anyone else that is trading.
5. The Rumor Mill
Rumors run around and impact markets even when they aren't true. They don't always start on forums but they do usually end up there. Visiting forex forums regularly are a good way to keep tabs on the rumor mill and to find out about news that you may have missed.
6. Social Interaction
The real benefit of visiting a forum is to meet other traders and be part of a group. Forex trading can be a lonely sport, and it is very much a specific type of work. Every trader needs some social interaction sometimes and a forex forum is a perfect place for that.