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

  • 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...

  • Lynn from Malaysia writes about MFX Broker:

    Mfx broker is the worse broker in the world. They did not process my withdrawal since 20 aug16. In total I have invested more than usd150k with them n they don't even allow me to withdraws 2000, n they rejected my usd2000 for a rddiculous reason. Ev...

  • Silvio from Portugal writes about ForexTime (FXTM):

    Traded NFP, the orders was perfectly executed although I entered a second after the release, managed to grab around 80 pips with 0.4 lot on EUR/USD and 0.5 lot on USD/JPY, TP was triggered correctly with 1 pip positive slippage which was also credit...

  • Omar Abadi from Saudi Arabia writes about 10Markets:

    I have traded BO at many options brokerage firms. 10markets has the best tools for trading options. There is a huge collection of technical methods. You can write your own technical methods. I can see quickly a large number of ways to structure optio...

Forex Blog

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...

EUR/USD Extends Rally for Fourth Day

Mon, 26 Sep 2016 16:10

EUR/USD rose today, extending its rally for the fourth consecutive session. Uncertainty about the outcome of the presidential elections in the United States and concerns that Donald Trump may win Monday's debate with Hillary Clinton were driving the dollar lower versus its peers. Better-than-expected data from US housing market...

Forex News

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.

Pound Slides as BoE Deputy Governor Talks About Stimulus

Pound Slides as BoE Deputy Governor Talks About Stimulus

Wed, 28 Sep 2016 10:26

The Great Britain pound slipped against the US dollar and the euro today as Bank of England Deputy Governor Minouche Shafik was talking about possibility of additional stimulus as soon as November.

Canadian Dollar Struggles to Keep Gains

Canadian Dollar Struggles to Keep Gains

Wed, 28 Sep 2016 1:45

The Canadian dollar was attempting to move lower on Wednesday after showing a decent performance on Tuesday despite the drop of crude oil prices.

Commodity Blog

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...

Gold Drops After US Presidential Debate

Tue, 27 Sep 2016 17:29

The financial markets gave Hillary Clinton the win following Monday night's first US presidential debate. With a Clinton win in November, traders are betting...

Bitcoin Struggling to Hold Critical $600 Level

Tue, 27 Sep 2016 1:11

Bitcoin responded with resilience following the recent Bitfinex hack, finding strength around the $580 level. After a short period...

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. Also a bounce off...

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 in my opinion....