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

  • Vasile ion from România writes about Vomma Trading:

    Don't open an account with this broker, don't even deposit. They are Scammers and liars.

    They will continue asking for documents when you want to withdraw and even if you send the right documents they will reject them.

    They have very big del...

  • Redas from Lithuania writes about ForexMart:

    Here is a thing about this "regulated" broker. Actually yes, they are regulated at CySEC as "Tradomart Ltd"

    But this license doesn't mean anything for them and I read that regulated at...

  • Alex from New zealand writes about ForexTime (FXTM):

    I am newbie on fx , trade up to 8 months. I had opened an ecn account in FXTM and here under their IB fxtm parnter.

    He told me about rules here and I found it seems nice.

    I have ecn account with leverage 1:500 deposit 3200 usd. First time I lose ...

  • Lorenz V. from Germany writes about NordFX:

    NordFX are outright SCAMMERS when it comes to you making profits with them. They have outright STOLEN 2000 Euro of profits Ive made with them.

    I have been trading with them since May 2016 and have become pretty profitable the last 2 months finally...

Forex Blog

Weekly Forex Technical Analysis (Jul 25 — Jul 29)

Sat, 23 Jul 2016 9:07


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.0796 1.0876 1.0925 1.1005 1.1054 1.1133 1.1183

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.0868 1.0910 1.0997 1.1039

EUR/USD Tries to Rally — Retains Bearish Bias

Thu, 21 Jul 2016 14:39

The EUR/USD currency pair was in a slow decline during the most of the trading session today. It had spiked up, attempting to start a rally, following some mediocre fundamental US data, but then quickly returned to its way downwards. Initial jobless claims went down from 254k to to 253k ...

EUR/USD Declines Without Much Regard for Fundamentals

Tue, 19 Jul 2016 13:00

The US dollar is strengthening against the euro for the most part of the day today, without paying attention to reports released in the eurozone or the United States. The general market sentiment is skewed into risk-aversion as traders and investors remain worried about the Brexit. Housing starts rose from the seasonally adjusted annual rate of 1.135...

Forex News

Canadian Dollar Pulls Back After Earlier Gains

Canadian Dollar Pulls Back After Earlier Gains

Fri, 22 Jul 2016 16:11

Loonie is mostly lower right now, following earlier gains. The Canadian dollar saw some initial gains today on better than expected economic data, but many of those gains have disappeared following uncertainties moving forward, along with an end to a recent winning streak by oil.

UK Pound Plunges on Latest PMI Reading

UK Pound Plunges on Latest PMI Reading

Fri, 22 Jul 2016 12:38

Thanks to the Brexit vote, confidence in the UK economy is poised for big losses. The latest PMI reading — a special reading by Markit — indicates that things could be headed for trouble. Sterling is dropping dramatically on the news, losing ground to its major counterparts.

Euro Trade Mixed on the Forex Market

Euro Trade Mixed on the Forex Market

Thu, 21 Jul 2016 11:07

Euro is mixed against its major counterparts today as Forex traders look ahead to coming weeks and try to determine what might be next. Concerns about potential stimulus in September, as well as the recent focus on buying corporate bonds, have some wondering whether there is more weakness ahead for the 19-nation currency.

Commodity Blog

Orange Juice Prices Set to Soar amid Global Shortage

Fri, 22 Jul 2016 18:16

You may have to find a substitute to complement your bacon and eggs in the morning. Orange juice prices are set to soar because of worldwide shortages after...

Cattle Futures Reach 5 Year Low on Sluggish Demand

Thu, 21 Jul 2016 23:43

US cattle futures declined to five year lows on Thursday with August live cattle declining 1.9 cents (1.7%) to $1.07525 per pound on the ...

Iron Ore Continues Decline on Slower Production

Thu, 21 Jul 2016 23:34

Iron ore has extended its decline to over 6% since July 12. The spot price for benchmark 62% fines at the Qingdao port fell by 0.48%...

Forex Video Zone

WTI Crude Oil and Natural Gas Forecast — July 22nd 2016

Fri, 22 Jul 2016 12:24

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the July 22nd session. WTI Crude Oil — As you can see, we initially rallied, but then turned right back around at the $46 level, which was the bottom of the descending triangle pattern, that I was talking about previously. Now I feel since we are closing towards the bottom of the candle, we are...

USD/JPY and AUD/USD Forecast — July 22nd 2016

Fri, 22 Jul 2016 12:02

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the July 22nd session. USD/JPY — We had a very negative candle for the Thursday session, typically would have me thinking to sell. There exists so much in the way of noise at about 105.00. So, it is only a matter of time, before we get a supportive candle that we need to start buying and perhaps head towards 108.00...

EUR/USD and GBP/USD Forecast — July 22nd 2016

Fri, 22 Jul 2016 11:35

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the July 22nd session. EUR/USD — As you can see, during the Thursday session, it was a bit of a neutral candle with a volatile session. We continue to bounce between 1.10 and 1.12. I think at this point any rally will probably offer selling opportunities, because quite frankly, there are a lot of problems in the European Union. The relative...