Forex Trading Information

Forex — the foreign exchange (currency or FOREX, or FX) market is the biggest and the most liquid financial market in the world. It boasts a daily volume of more than $5.3 trillion (as of April 2013). Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference. FX trading can yield high profits but is also a very risky endeavor. Everyone can participate in foreign exchange trading via the Forex brokers.

You can also join a friendly community of traders at the Forex forum.

Latest in Forex

  • Domingo from Costa Rica writes about SuperForex:

    I trade approximately 1 year with that broker. First I was angry because they cancelled my profit due to violation of rules but i continued to trade and I’m not regret. I’ve already withdrawn more and trying to be more careful with their rules

  • Edgar from México writes about Pepperstone:

    I haven't had any problem with Pepperstone, the customer service is excellent sometimes the spreads are wide when one session closes before the other session opening, but that is normal with all brokers..

  • Liana Van from Hong Kong writes about NewForex:

    I trade with Newforex for a long time. They offer no-deposit bonus $50 when you sign up.Experienced traders can estimate the service level and test their strategies and advisors. For novices it’s a perfect opportunity to try their skills or just pra...

  • Arifa Kartikasari from Indonesia writes about InstaForex:

    Broker who really understand their traders, always able to provide the right solution when a trader having trouble in trading. Their customer support were very quick in responding and their personal manager always give the best opinion before the tra...

Forex Blog

Weekly Forex Technical Analysis (Jun 27 — Jul 1)

Sat, 25 Jun 2016 9:48

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.0343 1.0627 1.0859 1.1143 1.1376 1.1660 1.1892

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.0614 1.0833 1.1130 1.1349
...

EUR/USD Crashes as Britons Vote for Brexit

Fri, 24 Jun 2016 15:52

EUR/USD sank more than 2% today after yesterday's referendum in Britain. As it turned out, Britons voted for leaving the European Union even though votes for staying were leading in polls. While the Great Britain pound was obviously the biggest loser, the euro also suffered greatly due to uncertainty about...

EUR/USD Backs Off from Daily Highs, Remains Above Opening

Thu, 23 Jun 2016 17:45

EUR/USD rallied today as Britons were voting whether to stay in the European Union or leave it. Polls were showing that there were more people preferring to remain in the Union than to leave it. This gave boost to European currencies, limiting demand for safe currencies (like the dollar). US economic data,...

Forex News

Australian Dollar Takes Breath

Australian Dollar Takes Breath

Tue, 28 Jun 2016 13:14

The Australian dollar gained today amid the improving market sentiment. While the threat of the Brexit is still looming, markets decided to take breath and halted sell-off of high-beta currencies.

Pound Hits New Lows amid Post-Referendum Turmoil

Pound Hits New Lows amid Post-Referendum Turmoil

Tue, 28 Jun 2016 0:05

While the Brexit vote had an impact on all currencies, the Great Britain pound (unsurprisingly) has borne the brunt of Britain's decision to part with the European Union. The currency touched a new 31-year minimum versus the US dollar and also dropped to new lows versus many other currencies.

Canadian Dollar Suffers as Brexit Continues Rattle Markets

Canadian Dollar Suffers as Brexit Continues Rattle Markets

Mon, 27 Jun 2016 22:32

The Canadian dollar was rather weak today due to the aftershock of Britain's referendum that has ended in a vote to leave the European Union. The loonie joined other commodity currencies that were suffering from the resulting risk-negative market sentiment.

Commodity Blog

Crude Oil Continues to Feel Impact of Brexit Vote

Mon, 27 Jun 2016 22:54

Futures for crude oil sank today as the impact of Britain's decision to exit the European Union continued to rock markets. Traders were sticking to safer assets...

Gold Prices Simmer in Post-Brexit Rally, Hover 2-year High

Mon, 27 Jun 2016 17:28

Gold and silver prices skyrocketed on Friday after nearly 53% of Britons voted to Leave the European Union (EU) in ...

Commodities Technical Analysis, June 27th — July 1st

Sat, 25 Jun 2016 5:48

The technical analysis, that includes the indicators’ data and major pivot points for WTI Oil, Gold, Silver and Copper as traded on spot market as of June 25th, 2016:...

Forex Video Zone

Why I’m Buying USD/CAD — Coleman

Tue, 28 Jun 2016 11:23

Ian Coleman, of First4Trading.net, is looking to buy USD/CAD. He explains his technical analysis of weekly, daily and 4–hour charts. Ian Coleman: First, I want to briefly talk about the dollar index. The US dollar index has been in an uptrend since 2014 and consolidated for the majority of 2016. But in May, we did see a bullish outside bar, that gives us a positive bias. We have also seen dips which...

Daily Forex News and Analysis — June 28th 2016

Tue, 28 Jun 2016 7:52

Wall Street tumbled again on Monday after Britain voted to leave the European Union. The Dow Jones fell by 1.50% and the NASDAQ lost 2.41% from its value. The US dollar traded higher against most major currencies as the UK decision still weighed heavily on the market. Today, the US Final GDP is expected at 1% vs. 0.8% previously and CB Consumer Confidence at 93.2 vs. 92.6. Gold rose, to close at $1,322...

What Are Negative Interest Rates ?

Mon, 27 Jun 2016 10:20

Negative interest rates involved depositing money that attracts a charge rather than earning interest. In this case, the negative rate is applied when commercial banks deposit with the US central bank. The idea behind this is that the banks will not deposit any more than is necessary with the US central bank and instead will lend the money, or invest in more profitable business...