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

Falling Oil Prices Continue to Weigh on Canadian Dollar

Falling Oil Prices Continue to Weigh on Canadian Dollar

Tue, 30 Aug 2016 15:21

Falling oil prices are weighing on the Canadian dollar again. With economic data still a little lackluster for Canada, and a housing bubble still threatening, there isn't a lot to support the loonie right now. As a result, the Canadian dollar is lower against many of its major counterparts.

Euro Mostly Stuck in Forex Trading

Euro Mostly Stuck in Forex Trading

Tue, 30 Aug 2016 14:40

Euro is mostly stuck today, trading rangebound. Euro is mainly lower against its counterparts in Forex trading, although there are some small gains against some of the euro's trading partners. For the most part, euro's performance is in wait and see mode as traders await the next round of US data and the ECB interest rate decision next week.

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.

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

WTI Crude Oil and Natural Gas Forecast — August 30th 2016

Tue, 30 Aug 2016 13:59

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the August 30th session. WTI Crude Oil — We have fallen a little bit, but really I think that the $46 below is going to be massively supportive. So, alternatively, if we can break down below there, it's a negative sign. If we can break above the top of this shooting star, from...

USD/JPY and AUD/USD Forecast — August 30th 2016

Tue, 30 Aug 2016 13:46

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the August 30th session. USD/JPY — We tried to rally and then turned right back around to form a bit of a shooting star. It looks now as if we can break down a little bit here. So, we look for buyers and looks like we are trying to build a longer-term base in this market. It could take some...

EUR/USD and GBP/USD Forecast — August 30th 2016

Tue, 30 Aug 2016 13:44

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the August 30th session. EUR/USD — We did fall a bit during the day on Monday, but we did bounce also. So, I think volatility is coming back. If we can break above the top of this candle, I am going to look for short-term buying opportunity followed by short-term selling opportunity. A break below the bottom of this candle,...