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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 $4 trillion (as of April 2010). 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 endeavour. 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:

Chris A. Zacharia from Limassol, Cyprus writes about Trading Point:

Chris A. Zacharia - Official Representative of Trading Point of Financial Instruments Ltd.

Dear Bernhard,

As you can appreciate we accept our errors and therefore we have already reimbursed your account last week with all the losses and "possib...

Michael from canada writes about 1LotSTP.com:

I am surprised there is not more reviews on this broker. I am very very happy to be using them for trading. They gave me a 20% bonus when i deposited and they set me up the same day. no downtime, no requotes, no issues ever.

Kelvin Tan from SIngapore writes about Xforex:

Xforex is a scam and the account manager always sweet talk that you can make easy money thru forex and this is not true. Also, they likes to delay your withdrawal request and persuade you to change your mind to continue trading . This company definte...

Bad Week for Loonie in Spite of Some Good News
Sat, 19 May 2012 19:10

The Canadian dollar had a pretty bad week as talks about the European debt crisis plagued the Forex market, driving traders away from riskier commodity currencies.

Chile’s Central Bank Holds Main Interest Rate, Peso Advances
Sat, 19 May 2012 03:01

The Chilean peso rose even after Chile’s central bank refrained from increasing interest rates. Good prospects for the nation’s economy and possibility of an interest rate hike in the future may be responsible for the currency’s gains.

Euro Drops to 4-Month Low, Closes Above Opening Level
Fri, 18 May 2012 22:46

The euro reached the lowest level in four months against the US dollar and the lowest in three months versus the Japanese yen today on fears that the European crisis is escalating. The currency was higher on the day though.

Risk Appetite, Better Situation Help UK Pound
Fri, 18 May 2012 13:40

UK pound is being helped on two fronts today. General risk appetite, with the focus on the Facebook IPO, is helping the sterling against the US dollar. On the other hand, pound is higher against the euro, as concerns about what’s happening in the eurozone make the pound a preferred choice as a European safe haven currency.

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.
Take-Profit Order
An order to sell or buy a lot when the market reaches certain price. It is used to fixate your profit. Usually is a combination of stop-order and limit-order.


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