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

  • Stephen from Australia writes about 10Markets:

    One of the great brokers out there today for me after 2 years with others firm. There is so much information on their platform to digest but well worth your time to try them out. The ability to trade all types of option strategies along with binary a...

  • Rudi from Indonesia writes about FirewoodFX:

    When I am looking for a low spreads broker, I stumble upon Firewoodfx banner in a forex trader forum.

    I click it, because I am interested with their marketing speech: "spreads starts from 1 pip fixed"

    After I read their site, I decided to open p...

  • aldo. A from Italy writes about TradingBanks:

    I am glad to work with them for almost a year. The bonuses are good and the support also. I highly recommend TradingBanks to all my trading friends. They gave me 100% on the deposit so everyone should take advantage of this.

  • Mirko writes about Forex Optimum:

    Traded for only a short period of time, processing of order is not the fastest, but satisfactory. There are also enough trading instruments, but mein lieber Gott, spreads are dreadful. I did not manage to make stable profit as I usually do, only a lo...

Forex Blog

Weekly Forex Technical Analysis (May 30 — Jun 3)

Sat, 28 May 2016 10:21

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.0936 1.1024 1.1068 1.1155 1.1200 1.1287 1.1332

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1013 1.1047 1.1145 1.1179
...

US GDP Revised Higher, EUR/USD Hurries to Downside

Fri, 27 May 2016 15:17

EUR/USD sank today after the positive revision of the first quarter's US gross domestic product. The negative revision of the consumer sentiment index did little to stop the fall. Now, traders wait for the speech of Fed Chair Janet Yellen scheduled on 17:15 GMT. US GDP rose 0.8% in Q1 2016 according...

Dollar's Rally Stalls Despite Amazing Economic Reports

Thu, 26 May 2016 14:23

US economic reports released today were stellar, but this did not prevent EUR/USD from rising for the second day. One of the possible reasons for such behavior can be skepticism of market participants regarding chances for a June interest rate hike from the Federal Reserve. Traders wait...

Forex News

Dollar Ends Week Strong as Fed Hike Speculations Persist

Dollar Ends Week Strong as Fed Hike Speculations Persist

Sat, 28 May 2016 15:17

The US dollar was strong this trading week thanks to the continuing speculations that the Federal Reserve is going to perform an interest rate hike in the near future, perhaps as soon as the next month.

Aussie Falls amid Detrimental Fundamentals

Aussie Falls amid Detrimental Fundamentals

Fri, 27 May 2016 18:02

The Australian dollar fell today as fundamentals were not helpful to riskier currencies linked to commodities and economic growth.

Yen Stable Despite Data from Japan

Yen Stable Despite Data from Japan

Fri, 27 May 2016 16:38

The performance of Japanese yen was fairly decent today even though inflation data released from Japan was rather poor.

Commodity Blog

Commodities Technical Analysis, May 30th — June 3rd

Sat, 28 May 2016 6:16

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 May 28th, 2016:...

US Curbs Chinese Steel Dumping with Massive Import Duties

Fri, 27 May 2016 17:10

A complaint to the US Department of Commerce by major domestic steel producers concerning so-called ‘dumping’ practices by their international...

Copper Rises on Thursday, Joining Other Industrial Metals, Outlook Pessimistic

Thu, 26 May 2016 21:56

Copper settled higher during the Thursday's trading session but struggled to extend the rally during the opening hours of the Friday's session. The metal profited from the ...

Forex Video Zone

Spot Metals in Trading

Sun, 29 May 2016 13:17

To be a successful trader, you must have a competitive edge that separates you from other traders. Along with skills and education, experience is the key when it comes to trading. Many traders expand and diversify their portfolio by trading spot metals. The more assets you have, the more your competitive advantage is increased. It is also important to know your trading objectives and risk profile before...

Daily Forex News and Analysis — May 29th 2016

Sun, 29 May 2016 12:52

With the upcoming Brexit referendum just around the corner, the pound took a hit before the market closed. The GBP/USD pair dropped by 47 pips, to drag the pair down to an exchange rate of 1.4623. The EUR/USD pair also recorded negative movement on Friday, dropping by 74 pips, to a 1.1115 price point. The AUD/USD pair also dropped, losing 44 pips, to end the trading week at 0.7182. The week ended better for the USD/CAD pair. The USD/CAD pair...

WTI Crude Oil and Natural Gas Forecast — May 27th 2016

Fri, 27 May 2016 15:58

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the May 27th session. WTI Crude Oil — The market did try to rally, but then turned right back around to form a little bit of a shooting star, right at the $50 level. Having said that, it makes sense that the market will probably try to drift down and try to find buyers at the $48 level, where we...