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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. With our broker rating & reviews system, we can help you choose the one that fits your needs.

Don not hesitate to check and bookmark our Forex blog to get the latest updates about the FX market and this website. You can also join a friendly community of traders at the Forex forum.

Latest:

Liliya from tiraspol writes about AccentForex:

As for me I find this broker very professional and honest especially comparing with others. They allow mу scalping and pleased me by absence of requotes and annoying trading signals

iris from Philippines writes about OANDA:

Always have problems with log-ins and connections. It’s either you are disconnected from the server or can’t receive SMS for TFA. I think they are doing it intentionally. When I close the Oanda platform my internet seems to working but when I ope...

Anthony Callen from Austria writes about IronFX:

ironfx - scammers

My name is Anthony Callen

Account was created 27.01.2014

Account Number: 8018005

They dont withdraw money, dont to give money

I sent more than 10 documents(files) for verification

They confirm every document during very long...

Forex Brokers Update — April 19th, 2014
Sat, 19 Apr 2014 20:00

Quite a few updates concerning minimum account sizes for several Forex brokers this week:

LQD Markets removes all ECN account types except Liquid Prime+ECN.

IBFX lowers the minimum account size to $1.

Mayzus lowers the minimum account size for Currenex (ECN) accounts to $5,000.

AGEA lowers minimum …

Forex Technical Analysis for Week 04/21–04/25
Sat, 19 Apr 2014 10:13

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3706 1.3748 1.3780 1.3822 1.3853 1.3895 1.3927
GBP/USD 1.6520 1.6595 1.6692 1.6767 1.6864 1.6938 1.7036
USD/JPY 100.55 100.98 101.70 102.13 102.85 103.28

Improving Wide Range Bars Indicator with Alerts
Fri, 18 Apr 2014 19:14

The original WRB Hidden Gap indicator for MetaTrader 4 was developed by Akif Tokuz. It is based on Wide Range Bars + Hidden Gaps system developed by The Strategy Lab. Although they offer a lot of paid educational content, they have a free tutorial explaining the concept …

EUR/USD Trims Gains as US Data Surprises Positively
Thu, 17 Apr 2014 14:51

EUR/USD was rising today as dovish comments of US policy makers sent the dollar down. The currency pair gave away about 50% of its gains after US macroeconomic reports turned out to be much better than was expected, suggesting that the US economy is healthy and may survive …

Floating Leverage
A leverage that changes depending on the total size of open positions.
Percentage Allocation Management Module (PAMM)
A broker-side system that allows investor to invest with traders, and allows traders to manage investors' funds using the broker's platform.
Elliott Waves
A set of principles for chart analysis based on 5-wave and 3-wave patterns.


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