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

  • Cada Kenzy from Philippines writes about LMFX:

    They do have a good number of pairs to choose from, the process of opening an account is very acceptable, one noticeable feature is the speed of execution. In 2 months of trading, i only had one test withdrawal and it was processed with in the given ...

  • Adira Fairuz from Ungaran , Indonesia writes about Tickmill:

    I have been trading with Tickmill nearly around 7months with their classic account

    I have gone through some profits and losess in my trading account.

    I can say they are really have good spreads start from 1.2pips for EURUSD in their classic ac...

  • AccentForex Broker from UK writes about AccentForex:

    Mehedi Hasan, hello.

    Read your feedback, we have found that the account number specified by you does not meet the numeration real AccentForex accounts.

    With such numeration can only be demo accounts. So no real profit you could receive and accordin...

  • Enver Malota from Albania,Tirana writes about 10Markets:

    Hello,

    I'm Enver and I started my trading with 10Markets only 5 months ago.I can ask that it's good and reliable broker with fast withdrawal.A broker provides fast execution times and good promotions. Platform is based on the proven MT4 program whic...

Forex News

Economic Data Helps US Dollar

Economic Data Helps US Dollar

Fri, 5 Feb 2016 16:28

US dollar is heading higher today, thanks in large part to the latest data releases. With the economic outlook for the United States continuing to improve, some analysts are still predicting another rate hike in March, while other think that the Fed will rate a little longer. Rate hike hopes are

Euro Pulls Back on Profit Taking and Consolidation

Euro Pulls Back on Profit Taking and Consolidation

Fri, 5 Feb 2016 15:05

Euro has been enjoying quite the rally in recent days, due mostly to dollar weakness and policy misses. However, the 19-nation currency is pulling back a bit right now as Forex traders consolidate their positions and take profits. In the last few days, the euro has surged, and yesterday the currency reached the 1.1200 level

Great Britain Pound Extends Losing Streak

Great Britain Pound Extends Losing Streak

Fri, 5 Feb 2016 10:01

The Great Britain pound dropped today, extending its losing streak against the euro and the Japanese yen for the fourth consecutive day. The sterling remained soft after yesterday's monetary policy meeting of Britain's central bank that showed unwillingness of policy makers to embark on monetary tightening. The outlook for tighter policy was the major component

Forex Blog

Weekly Forex Technical Analysis (Feb 8 — Feb 12)

Sat, 6 Feb 2016 8:59

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.0466 1.0640 1.0899 1.1073 1.1332 1.1506 1.1764

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.0662 1.0942 1.1094 1.1374 1.1527

Poor NFP Don't Prevent EUR/USD from Falling

Fri, 5 Feb 2016 22:56

Nonfarm payrolls released on Friday missed analysts' expectations, but that did not translate into a rally of EUR/USD. In fact, the currency pair dived after the release. It could be explained by the fact that while employment growth was disappointing other parts of the report were positive, especially wage growth. Other

Monetary Tightening in Question, EUR/USD Continues March Higher

Thu, 4 Feb 2016 17:36

EUR/USD extended its rally today following dovish comments from New York Fed President William Dudley that led to speculations that the Federal Reserve would not be able to perform even a single interest rate hike this year. US economic data was not helping the dollar

Commodity Blog

Technical Analysis, February 8th — February 12th

Sat, 6 Feb 2016 9:57

The technical analysis, that includes the indicators’ data and major pivot points for Brent Oil, Gold, Silver and Copper as traded on spot market as of February 6th, 2016:

Crude Oil

Indicators

Moving AveragesRSIParabolic SARCCI
Short Neutral Short Neutral

Floor pivot points

3rd Sup2nd Sup1st

Agricultural & Energy Markets Fail to Log Gains

Fri, 5 Feb 2016 0:51

Unlike the market of metals, agricultural and energy markets were unable to capitalize on the dollar's weakness. Among losers were crude oil, corn and wheat. Wheat fell due to reports about disappointing US export sales. Both corn and wheat also suffered because of ample supply. Talking about supply, crude oil

Dovish Outlook for Fed Monetary Policy Helps Metals

Thu, 4 Feb 2016 22:04

Gold and other metals rallied today on the back of the weak dollar. Market participants continued to speculate whether the Federal Reserve would be able to continue its interest rate hike cycle this year as the current economic conditions both in the USA and worldwide suggest that this is unlikely. Adding to the dovish outlook

Forex Video Zone

Yuan Losses Accelerate

Fri, 5 Feb 2016 14:45

Why is that Yuan losses accelerate at the start of 2016? China's Yuan fell the most since August hastening its decline in extended trading hours on speculation the authorities stopped supporting the currency late in the day. The Monetary authority's new system of setting the yuan's daily fixing uses the previous day's close as one of the factors.

EUR/USD and GBP/USD Forecast — February 5th 2016

Fri, 5 Feb 2016 14:23

In this video the trader guy looks at currency pair EUR/USD and GBP/USD for the February 5th session. EUR/USD — Looking at the chart, it looks like the Euro is ready to take off to the upside for quite sometime, atleast just based upon the momentum thats build up. Now its Non Farm payroll though.

WTI Crude Oil and Natural Gas Forecast — February 5th 2016

Fri, 5 Feb 2016 13:43

In this video the trader guy looks at currency pair Crude Oil and Natural Gas for the February 5th session. WTI Crude Oil — As you can see we tried to rally but we struggled right here at the $38 level and turned around to form the shooting star. That is a very negative candle.