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

  • Nikosh from UK writes about AAFX Trading:

    For me, trading has always been and will always be the kind of activity to which I gladly devote my free time, plus it often brings me a good income, which allows me to have a permanent source of additional income. I couldn't decide on my broker for ...

  • Guillermo from Argentina writes about HotForex:

    I was trading with them and was satisfied until they started delaying my order, guess i will have to look for another broker.

  • Lisa Morris from China writes about ForexChief:

    Very good broker excellent technical service helped me a lot with bots and scripts, has low commission

  • Theron from Greece writes about AAFX Trading:

    For me, trading has always been a favorite pastime that makes me happy because it made me feel like I was fulfilling my potential and not wasting my time. It was important for me to stay afloat and always know what I can make money on and understand ...

Forex Blog

Weekly Forex Technical Analysis (Feb 24 — Feb 28, 2020)

Sat, 22 Feb 2020 9:47

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.0710 1.0744 1.0795 1.0829 1.0881 1.0915 1.0967

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.0748 1.0804 1.0834 1.0890
...

EUR/USD Flat After Bunch of Good US Economic Reports

Thu, 20 Feb 2020 17:25

EUR/USD traded flat today, attempting to rally intraday but retreating by now. US macroeconomic reports released over the current trading session were solid, supporting the dollar. Philadelphia Fed manufacturing index jumped sharply from 17.0 to 36.7 in February, reaching the highest level since February 2017....

Most Trending Currency Pairs in Forex + TrendStats Script

Mon, 17 Feb 2020 18:34

Quite some time has passed since I published my last post on the Forex pairs that trend the most. A lot of stuff has changed since then and because a lot of readers have asked me to post an update, I am finally doing it today. But not only that, I am...

Forex News

AUD/USD Heading for 0.6550?

AUD/USD Heading for 0.6550?

Mon, 24 Feb 2020 6:54

The Australian dollar versus the US dollar currency pair dropped from the 0.6700 multiannual level.

US Dollar Weakens As Economy Softens on Coronavirus, 2020 Election Fears

US Dollar Weakens As Economy Softens on Coronavirus, 2020 Election Fears

Fri, 21 Feb 2020 18:16

The US dollar is weakening against many major currency rivals at the end of the trading week, driven by disappointing economic data. Analysts are sounding the alarm that the coronavirus is beginning to impact American growth, which is evident in the recent purchasing managers’ index (PMI) readings.

Euro Rallies on Upbeat PMIs, Quickly Falls on Coronavirus Headlines

Euro Rallies on Upbeat PMIs, Quickly Falls on Coronavirus Headlines

Fri, 21 Feb 2020 11:27

The euro today spiked higher against the US dollar in the early European session following the release of upbeat eurozone PMIs by Markit Economics. However, the EUR/USD currency pair's rally was short-lived since the pair fell shortly afterwards after news of rising coronavirus infections in South Korea damped investor risk appetite.

Commodity Blog

Video: Natural Gas Price Rebounds but has the Trend Changed?

Mon, 24 Feb 2020 12:05

In the present video, David Jones from Capital.com talks about natural gas in the second half of February 2020. Prices were collapsing lately, making most...

Commodities Technical Analysis, February 24th — February 28th

Sun, 23 Feb 2020 10:12

The technical analysis, that includes the indicator data and major pivot points for WTI Oil, Gold, Silver, Copper, and Natural Gas in continuous charts as of February 23rd,...

Gold Surges to Seven-Year High as Coronavirus Fears Resurface

Fri, 21 Feb 2020 17:41

Gold futures are trading at their best levels in seven years as the yellow metal is rallying to finish the trading week. With equities posting steep...

Forex Video Zone

What Is a Trading Strategy Based On? — Trading Basics

Sun, 23 Feb 2020 14:12

A trading system is based on 

  1. Sentimental analysis.
  2. Fundamental analysis.
  3. Technical analysis.
Sentiemental analysis involves trying to find out the sentiment of the traders in the market. This is more psychological approach to the market and needs experience to find out the next move in the market. However, this method lacks solid rules to be followed. Fundamental analysis invovles studying the fundamental factors like GDP, inflation, interest rates,...

What does a Trading Strategy Consist of? — Trading Basics

Sun, 23 Feb 2020 14:10

A trading strategy consists of three key decisions to be taken for any single trade.

  1. When to open a position:
  2. A precise entry point or a entry criteria for opening a position.
  3. When to close a profitable position:
  4. You need to decide your take-profit level for your winning trade. This is needed to maximze your profit for a winning trade.
  5. When to close a losing position:
  6. The level that you wish to close a losing trade, when the market
...

Risk Management Rules — Trading Basics

Sun, 23 Feb 2020 13:58

Before learning about risk management rules, you need to understand what risk means in the context of financial trading. Risk is the potential of bad outcome, which includes

  1. Losing money
  2. Underperformance of assets
Hence, you need rules that define your risk management. This video talks about three main rules that make risk management.
  1. Use of stop-loss:
  2. Traders should know when to exit
...

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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.