Enthusiastic forex traders often want to set up a forex blog. This can be a great way to record your progress, give hints and tips to others and even make some extra money. But many people are put off by the idea that it must be difficult. Fortunately, this is not true at all. You don’t need any technical skills other than being able to type and use a mouse, and you wouldn’t be a forex trader if you couldn’t at least do that. In fact often times, the hardest thing is thinking of a name for your blog. Get that down and you are set to go.
The big advantage of a blog over other types of website is that you do not need your own domain or web hosting. You can build a blog on one of many platforms which are provided by the big internet companies like Google. They do all of the hosting for you with their blogging platform, known as Blogger. Go to blogger.com and you will see how easy it is to get started. There are other similar sites too, such as wordpress.com.
Once you have chosen a name and template for your blog, you can just go ahead and write. You can write about your own trading if you want and use the blog as an online record of your systems, ideas, successes and failures. Or you might prefer to write about the state of the market as you see it, with weekly updates on various currency pairs.
Remember that the whole world can see your forex blog. This does not only mean complete strangers in far corners of the world. The world also includes your boss, your kids and the tax department. This means that you may prefer to remain anonymous, at least in the early stages. Later, if you build up a following and want to sell your profitable trading systems from your forex blog, you will find that you are much more successful if people can see exactly who you are. But in the beginning, think twice before you post your real name or photos.
The biggest question for most bloggers, after what to write about, is how to have anybody visit your blog. The blogging platform may send you a few random visitors who have found your blog through an index, but they may not even be interested in forex trading. Sure, in time your blog will show up when people run a search in Google, but there are a huge number of forex blogs and websites out there, so yours could be way down the list, especially while it is still very new.
One of the best ways to attract visitors is through forex forums. If you are a regular visitor at any forums, you can usually add a link to your blog in the signature section of your profile. Your link will then show up under every post that you make in the forum. Other members will see it and are very likely to visit your blog, especially if you are an active member of the forum. Check the rules because some forums do not allow this, but in most cases a link to a personal forex blog will be accepted.
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