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

  • Cada Kenzy from Philippines writes about LMFX:

    They do have a good number of pairs to choose from, the process of opening an account is very acceptable, one noticeable feature is the speed of execution. In 2 months of trading, i only had one test withdrawal and it was processed with in the given ...

  • Adira Fairuz from Ungaran , Indonesia writes about Tickmill:

    I have been trading with Tickmill nearly around 7months with their classic account

    I have gone through some profits and losess in my trading account.

    I can say they are really have good spreads start from 1.2pips for EURUSD in their classic ac...

  • AccentForex Broker from UK writes about AccentForex:

    Mehedi Hasan, hello.

    Read your feedback, we have found that the account number specified by you does not meet the numeration real AccentForex accounts.

    With such numeration can only be demo accounts. So no real profit you could receive and accordin...

  • Enver Malota from Albania,Tirana writes about 10Markets:

    Hello,

    I'm Enver and I started my trading with 10Markets only 5 months ago.I can ask that it's good and reliable broker with fast withdrawal.A broker provides fast execution times and good promotions. Platform is based on the proven MT4 program whic...

Forex News

Pound Hurt by Policy Outlook, Manages to End Week Higher vs. Dollar

Pound Hurt by Policy Outlook, Manages to End Week Higher vs. Dollar

Sat, 6 Feb 2016 22:11

The Great Britain pound sank against most of its major currencies during the past trading week as the UK central bank signaled that monetary tightening is not in sight. Still, the sterling managed to gain on the US dollar over the week, though it trimmed its gains by the weekend. The pound has started the week

Economic Data Helps US Dollar

Economic Data Helps US Dollar

Fri, 5 Feb 2016 16:28

US dollar is heading higher today, thanks in large part to the latest data releases. With the economic outlook for the United States continuing to improve, some analysts are still predicting another rate hike in March, while other think that the Fed will rate a little longer. Rate hike hopes are

Euro Pulls Back on Profit Taking and Consolidation

Euro Pulls Back on Profit Taking and Consolidation

Fri, 5 Feb 2016 15:05

Euro has been enjoying quite the rally in recent days, due mostly to dollar weakness and policy misses. However, the 19-nation currency is pulling back a bit right now as Forex traders consolidate their positions and take profits. In the last few days, the euro has surged, and yesterday the currency reached the 1.1200 level

Forex Blog

Disfigured Double Top on GBP/CAD Weekly Chart

Sun, 7 Feb 2016 14:51

Not all chart patterns are created to look like an ideal example — some of them look horribly despite meeting the formal requirements of their kind. The latest development on GBP/CAD weekly chart is just such a case. The pattern began forming back in July 2015. The first top was reached in the end of August,

Forex Brokers Update — February 6th, 2016

Sat, 6 Feb 2016 21:27

With nearly a month since the last brokers update post, there is quite a lot of new things to report on. Three new brokers have been listed on EarnForex.com during the period: Vipro Markets — a classic Cypriot Forex broker with MT4 platform and $25 minimum account size.

Weekly Forex Technical Analysis (Feb 8 — Feb 12)

Sat, 6 Feb 2016 8:59

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.0466 1.0640 1.0899 1.1073 1.1332 1.1506 1.1764

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.0662 1.0942 1.1094 1.1374 1.1527

Commodity Blog

Technical Analysis, February 8th — February 12th

Sat, 6 Feb 2016 9:57

The technical analysis, that includes the indicators’ data and major pivot points for Brent Oil, Gold, Silver and Copper as traded on spot market as of February 6th, 2016:

Crude Oil

Indicators

Moving AveragesRSIParabolic SARCCI
Short Neutral Short Neutral

Floor pivot points

3rd Sup2nd Sup1st

Agricultural & Energy Markets Fail to Log Gains

Fri, 5 Feb 2016 0:51

Unlike the market of metals, agricultural and energy markets were unable to capitalize on the dollar's weakness. Among losers were crude oil, corn and wheat. Wheat fell due to reports about disappointing US export sales. Both corn and wheat also suffered because of ample supply. Talking about supply, crude oil

Dovish Outlook for Fed Monetary Policy Helps Metals

Thu, 4 Feb 2016 22:04

Gold and other metals rallied today on the back of the weak dollar. Market participants continued to speculate whether the Federal Reserve would be able to continue its interest rate hike cycle this year as the current economic conditions both in the USA and worldwide suggest that this is unlikely. Adding to the dovish outlook

Forex Video Zone

Understanding Japanese Candlesticks

Mon, 8 Feb 2016 12:32

In this lesson we are going to talk about the price itself, the Japanese Candlesticks that you see in your trading platform can help you to anticipate what is likely to happen next. The area between the open and the close is the real body. When the price is high and lows below the real body,

Russian Capital Flight

Mon, 8 Feb 2016 11:39

The Russian Ruble lost about half of its value against the U.S Dollar starting at the beginning of 2014. The precipitous drop in the price of oil and sanctions placed on Russia by the EU and USA, because their annexation of Crimea caused further damage to the currency. However a French economist blames the weakness of the Ruble on income inequality and capital flight. In the long

Daily Forex News and Analysis — February 8th 2016

Mon, 8 Feb 2016 10:54

The Wall Street finished in the red as Non Farm Employment Change came out less than expected at 151K. The Dow Jones fell by 1.29%, S&P 500 by 1.85% and NASDAQ lost 3.25% from its value. The US Dollar traded high against most major currencies as Unemployment Rate came out better than