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 $6.6 trillion. 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.

Getting into Forex trading is easy:

1. Start with our free Forex course.
2. Open an account with a broker.
3. Learn from other traders at the forum.

Latest in Forex

  • Michael K writes about Fondex:

    I'm 100% satisfied that I changed my broker and started trading with this one.

    In fact, I had several reasons to do this:

    1. Low spreads. Broker charges commission + spreads and in general it's quite profitable, especially if you trade large volume...

  • Geo from Indonesia writes about FBS:

    I've tried to do a withdrawal on fbs and it was very satisfying. There are many options for me to make withdrawals. And I chose to make withdrawals via a local bank in my area. It's very safe and comfortable for me. The process is very fast so I can ...

  • ventseslav8 from Bulgaria writes about XBTFX:

    I recommend them for those who trade fx, crypto and want stocks (wowow, how much stocks!!!) xD. From testing them the STP seems real. it's also important for me they don't have requirements for clients (id, residence if you undestand what I mean)....

  • Malvin from Birmingham writes about IC Markets:

    I didn't like the spread widening during rollover and the slippages I saw on my friends account that was using Scalper EA. Started fine and after some gains, execution got worse.

Forex Blog

EUR/USD Rises Despite Falling US Jobless Claims

Thu, 13 Aug 2020 13:32

EUR/USD was rising today. While the rally has stalled at the moment, the currency pair is still trading far above the opening level despite the unexpected fall in US jobless claims. Market analysts provided various possible reasons for the rally, including squabbling of US politicians over a stimulus package and the fact that...

EUR/USD Gets Support from Positive US Inflation Numbers

Wed, 12 Aug 2020 18:23

EUR/USD got strong support from the US CPI report after its early session's uptrend had stalled. The currency pair didn't react much to other fundamental reports from the United States today. CPI increased by 0.6% in July on a seasonally adjusted basis, which exceeded the median forecast of a 0.3% increase,...

Basic Scheduling EA for MetaTrader

Tue, 11 Aug 2020 20:09

Have you ever wanted to set up a schedule for your MetaTrader platform to turn off AutoTrading at a given day and time and then re-enable it at some other day and time? Me neither! But I am quite sure there are many people who need something like that. AutoTrading Scheduler...

Forex News

US Dollar Weakens As Initial Jobless Claims Fall Below One Million

US Dollar Weakens As Initial Jobless Claims Fall Below One Million

Thu, 13 Aug 2020 13:00

The US dollar is weakening against several of its G10 currency counterparts on Thursday after it was reported that the number of Americans fell below one million for the first time since the start of the coronavirus pandemic.

Pound Falls Against US Dollar As UK GDP Contracts 20.4% in Q2

Pound Falls Against US Dollar As UK GDP Contracts 20.4% in Q2

Wed, 12 Aug 2020 19:45

The Sterling pound today fell against the US dollar amid worries that the UK economy was not recovering fast enough following its reopening after the coronavirus lockdowns. The GBP/USD currency pair today headed lower after the UK's Finance Minister Rishi Sunak said that many people would lose their jobs due to the COVID-19 pandemic.

Euro Rallies on Positive Sentiment, Ignores Upbeat US Inflation Data

Euro Rallies on Positive Sentiment, Ignores Upbeat US Inflation Data

Wed, 12 Aug 2020 18:18

The euro today rallied higher against the US dollar driven by the risk-on market sentiment, which saw the dollar lose ground against riskier assets such as the single currency.

Commodity Blog

Video: Updated Natural Gas Price Analysis for August 2020 - A Sustainable Rebound?

Thu, 13 Aug 2020 14:22

In the present video, David Jones from talks about natural gas in August 2020. He starts the video by discussing the performance of the commodity, including the plunge...

US Crude Rallies on Third Straight Weekly Supply Drop

Wed, 12 Aug 2020 16:11

Crude oil futures are rallying midweek after the US government reported the third consecutive week of supply declines. Oil prices have trended slightly...

Gold Crashes 4%, Poised for Sharpest Plunge in Five Months

Tue, 11 Aug 2020 14:31

Gold futures are cratering more than 4% on Tuesday as prices are on track for their sharpest plunge in five months. The yellow metal had been...

Forex Video Zone

Bitcoin Forecast — August 13th 2020

Thu, 13 Aug 2020 14:23

In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the August 13th session....

Gold Forecast — August 13th 2020

Thu, 13 Aug 2020 14:19

In this video, the Trader Guy looks at the commodity, gold for the  August 13th....

USD/JPY and AUD/USD Forecast — August 11th 2020

Tue, 11 Aug 2020 16:46

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the August 11th session. USD/JPY — The trading session was initially bullish, but then gave back some of the gains at the later part of the session on Monday. Both the 50-day EMA and the 107.00 level will offer resistance. So, rallies are likely to be capped, and you can sell them on signs of exhaustion. The Japanese yen is considered...

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Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.