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

  • robby from Philippines writes about LMFX:

    this review comes after my 3rd withdrawal from a 7 month old premium account, the broker was introduced to me through a friend and i have been using them as a secondary account. Opening an account is easy, though documentation can be a bit strict, ov...

  • Frank from France writes about Bolmax Management:

    During lattest time, slippages got to happen much more frequently. The matter is not in my computer as I keep it clear most of time and other terminals work normally. Closing of trades takes approximately up to five seconds though it had been instant...

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

    Great broker for scalping, fill orders with pretty tight spreads on majors, I try to avoid Asian sessions, so don't know how good are spreads in this times.

    Had only 3-4 requotes in 200+ orders, what's very impressive for retail brokerage.

    Suppor...

  • Nicola Svetlov from Ukraine writes about NewForex:

    I’m novice but decided to study everything. At newforex i’m since last year. I’m not waiting for fast and easy money. Btw on newforex website they’ve got necessary articles for novices. I learned there that it’s better not to trade against market. It...

Forex Blog

Factors to Consider Before Entering a Trade

Mon, 29 Aug 2016 18:49

Sometimes, when your trading strategy generates a signal, you might still wonder whether this particular trade is worth executing. Perhaps, there are some factors that should be considered before opening a position? Algorithmic trading systems as well as the most short-term human traders (e.g., scalpers)...

Forex Brokers Update — August 28th, 2016

Sun, 28 Aug 2016 10:46

No new brokers to report on during the last two weeks, but some of the listed one have been updated and some removed: RoboForex extended its range of metal based pairs — you can now trade euro vs. silver and gold. Added bitcoin as a deposit/withdrawal option. ForexTime (FXTM) increased maximum...

Weekly Forex Technical Analysis (Aug 29 — Sep 2)

Sat, 27 Aug 2016 9:03

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.0952 1.1066 1.1126 1.1240 1.1300 1.1415 1.1474

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1052 1.1099 1.1227 1.1273
...

Forex News

Coming Rate Hike Sends US Dollar Higher

Coming Rate Hike Sends US Dollar Higher

Mon, 29 Aug 2016 15:32

US dollar is gaining against all comers today, thanks to expectations that a rate hike is coming by the end of 2016. Between the latest clues in economic data and Janet Yellen's speech in Jackson Hole last week, many expect to see at least one more rate increase from the Fed before the year closes out.

UK Pound Continues to Struggle on Brexit Fallout

UK Pound Continues to Struggle on Brexit Fallout

Mon, 29 Aug 2016 14:52

Even though the UK economy hasn't seen dramatically weak results since the Brexit vote, there are expectations that things could change in the coming months and years leading up to the actual "divorce" from the eurozone. Right now, comments from an economist are weighing on the sterling.

Aussie Moves Lower During Monday's Trading

Aussie Moves Lower During Monday's Trading

Mon, 29 Aug 2016 11:48

The Australian dollar was moving lower against its US peer during the current trading session, though currently the Aussie has trimmed some of its losses. The Australian currency also pared its losses versus the euro.

Commodity Blog

Oil Dips 2% on Rising OPEC Output, Strong US Dollar

Mon, 29 Aug 2016 17:36

It may be about one month until Organization of the Petroleum Exporting Countries (OPEC) members agree to a production freeze. Until that informal meeting...

Commodities Technical Analysis, August 29th — September 2nd

Sun, 28 Aug 2016 9:25

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 August 28th, 2016:...

Gold, Silver Rally Despite Hawkish Janet Yellen Speech

Fri, 26 Aug 2016 17:22

Gold and silver rallied during the Friday trading session, even though Federal Reserve Chair Janet Yellen appeared hawkish in her remarks pertaining to interest...

Forex Video Zone

Daily Forex News and Analysis — August 30th 2016

Tue, 30 Aug 2016 13:03

Wall Street finished in the green after consumer spending rose for a fourth straight month, pointing to a pickup in US economy growth. The Dow Jones rose by 0.58% and the NASDAQ added 0.26% to its value. The US dollar traded higher against most major currencies after senior Federal Reserve officials bolstered expectations that US interest rates would rise soon. The Core PCE Price index remained at 0.1% and the Personal Spending...

Daily Market Roundup — August 30th 2016

Tue, 30 Aug 2016 13:01

Hawkish sentiment continues to boost the US dollar mostly at the expense of the Japanese yen and precious metals. The EUR/USD pair fell again and is now even more firmly in the middle of its very long-term consolidation range. The USD/JPY pair is rising again, but it can be expected that 102.50 may be a barrier to further movement. The GBP/USD pair fell back into its long-term bearish trend after falling...

USD/JPY and AUD/USD Forecast — August 29th 2016

Mon, 29 Aug 2016 12:47

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the August 29th session. USD/JPY — We fell initially during the session on Friday, but then turned right back around to form a very bullish candle. The bullish candle of course bouncing off the 100.00 handle and it suggests that we are trying to form a floor. And I have been suggesting this for a while. I think finally we have seen...