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 $5.1 trillion (as of April 2016). 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

  • lee from south korea writes about ForexTime (FXTM):

    Forex minute trader is the best EA that I have ever bought,

    I think it is even better than MDP now. In one week I am up 32%,

    I have installed on FXTM ECN account. My trade fills are good - no slippage and orders are fast.

    fxtm are very good for...

  • Eric from UK writes about ForexTime (FXTM):

    FXTM ECN is working well with MDP at the moment.

    My account is up 114% since 3 weeks ago.

    Have zero stop loss limits helps my EA scalp for small pip movements.

    I have done 42 trades so far.

    So far very good

  • Jeroen from Netherlands writes about Vipro Markets:

    With Vipro Markets i enjoy the benefits of a real ECN broker, that is best prices from interbank liquidity, instant trade execution, no waiting and no hidden charges or requotes. What i would like to see though, is promotions and more incentives for...

  • Michael from Slovakia writes about PaxForex:

    Here is my feedback based on my 2 months experience:

    Spread- good

    Execution- exelent

    Commission- they dont have

    Minimum Deposit- effordable

    Bonus- nice, not big but you can take your profit and invetsments anytime

    News trading - ok, t...

Forex Blog

EUR/USD Goes Down as Traders Wait for Signs from Fed & NFP

Wed, 28 Sep 2016 17:00

EUR/USD went down today, though losses were limited. Several Federal Reserve members are going to speak today, and traders hope to hear something that might reveal Fed's plans for the future of monetary policy. The most important speaker, Fed Chairperson Janet Yellen, already spoke today but did...

EUR/USD Ends Four-Day Rally

Tue, 27 Sep 2016 15:36

EUR/USD fell today, declining for the first day in five. One of the major reason for this was the general consensus that Hillary Clinton won the Monday's presidential debate with Donald Trump, and that was considered a positive outcome for the dollar. Tuesday's economic data from the United States also benefited the US...

Is Forex Market Random?

Mon, 26 Sep 2016 17:29

Are Forex charts random? Does trying to predict the market and trade currencies for profit even makes sense? Traders and curious people ask these questions and, I am sure, find a lot of contradicting answers online. The number of traders who claim getting consistent profits from the foreign exchange market is...

Forex News

Canadian Dollar Maintains Rally Caused by OPEC Decision

Canadian Dollar Maintains Rally Caused by OPEC Decision

Thu, 29 Sep 2016 1:02

The Canadian dollar was rising during the Asian trading session on Thursday, managing to maintain the rally it started on Wednesday. The rise of the currency was caused by the news about a surprise decision by the Organization of Petroleum Exporting Countries to limit its crude oil production.

Dollar Flat vs. Rivals, Down vs. Commodity Currencies

Dollar Flat vs. Rivals, Down vs. Commodity Currencies

Wed, 28 Sep 2016 23:22

The US dollar was mostly flat against its most-traded rivals with the exception of commodity currencies (with the exception the New Zealand dollar), which got a boost from the surprise news from the Organization of Petroleum Exporting Countries.

NZ Dollar Dips amid Quiet Trading

NZ Dollar Dips amid Quiet Trading

Wed, 28 Sep 2016 11:04

The New Zealand dollar dipped today against its major trading peers even though there were no apparent reasons for such poor performance of the currency.

Commodity Blog

Surprise Announcement from OPEC Makes Crude Surge

Thu, 29 Sep 2016 0:28

The big news of the day was the surprise agreement of the Organization of Petroleum Exporting Countries to reduce oil production. The vast majority of market participants and analysts...

Gold Continues Freefall Before Janet Yellen Testimony

Wed, 28 Sep 2016 17:20

Gold prices are having a terrible trading week. Ahead of Federal Reserve Chair Janet Yellen's Congressional testimony, the yellow metal continued...

Crude Oil Tries to Regain Footing After Big Drop

Wed, 28 Sep 2016 1:09

Crude oil rose at the start of Wednesday's session after falling more than 3% on Tuesday. Futures dropped after Iran refused the offer made by Saudi...

Forex Video Zone

Candlestick Patterns Explained for Beginners

Wed, 28 Sep 2016 15:07

Candlesticks are one of the most important tools we have in the forex and stock market technical analysis. The information that the candlesticks give us are the best and most accurate. If you like to become a good and professional forex trader, it is strongly recommended to use candlestick signals. This is how we trade. Candlesticks are the oldest form of technical analysis in the world. Japanese candlesticks were invented by a ...

USD/JPY and AUD/USD Forecast — September 28th 2016

Wed, 28 Sep 2016 13:34

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the September 28th session. USD/JPY — As you can see, we had a pretty volatile session as we sit right above the 100.00 level. This is the level which is the line in the sand for the Bank of Japan. So, even though we formed here a shooting star candlestick, a break above there is a buying opportunity....

EUR/USD and GBP/USD Forecast — September 28th 2016

Wed, 28 Sep 2016 13:19

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the September 28th session. EUR/USD — We have fallen during the trading session on Tuesday, testing the 1.12 level. Looking at this descending trendline, it looks like we are either forming a descending triangle or lower highs. A breakdown below the bottom of this candle will send this market looking for the 1.1150 level and then eventually 1.11...