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

  • Silvio Huber from Germany writes about Fondex:

    Fondex is new and 'on paper' it looks quite well - with allowed scalping and low spreads. I've tried demo account - looks quite well, but I think that brokerage need to have more experience to be trusted, so I will wait a little bit.

  • Luis Casanova from Brazil writes about Fondex:

    I hope MT developers will pardon me, but in comparison to cTrader that I was fortunate to try with this broker, Metatrader platform is a real creep. I know its reliable, tested with time, as people say, yet it really is creepy as your grandma's old s...

  • soon Hock Ang from Singapore writes about Alvexo:

    Alvexo cancelled my account for accusing me of using Expert Advisor

    After I made profit from 6 trade within a week. Don't be the next victim like me.

    My account was cancelled as below:

    Pursuant to the Company's monitoring procedures and examina...

  • Ladislao from Thailand writes about TradeCMX:

    Never had problems. But it´s missing one thing, REST API.

    Many other brokers already have it, like Oanda or FXCM.

    Consider this suggestion. Good job guys!

Forex Blog

Forex Brokers Update — May 24th, 2020

Sun, 24 May 2020 9:01

One new broker has been added to our website this week: Deriv — a Forex and binary options broker launched by the same company that operates Binary.com. Deriv offers trading through MetaTrader 5 and its proprietary web platform DTrader. The minimum account size is $5. Updates...

Weekly Forex Technical Analysis (May 25 — May 29, 2020)

Sat, 23 May 2020 9:48

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.0590 1.0695 1.0799 1.0903 1.1007 1.1112 1.1215

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.0695 1.0798 1.0903 1.1006
...

EUR/USD Retreats as Initial Jobless Claims Continue to Decline, PMIs Beat Expectations

Thu, 21 May 2020 15:26

EUR/USD was rising today but has reversed its movement at 12:30 GMT and was falling ever since, dropping below the opening level by now. The possible reason for the retreat was US macroeconomic data, which included steadily declining jobless claims and better-than-expected PMI prints from Markit....

Forex News

Bulls Back on GBP/USD from 1.2305?

Bulls Back on GBP/USD from 1.2305?

Tue, 26 May 2020 8:36

The Great Britain pound versus the US dollar currency pair seems to be trying to rotate towards higher prices. Are the bears waiting for better prices, or the bulls already started a rise?

Chinese Yuan Slips as US Threatens Sanctions on China Over Hong Kong

Chinese Yuan Slips as US Threatens Sanctions on China Over Hong Kong

Mon, 25 May 2020 13:55

The Chinese yuan is extending its losses to jumpstart the holiday-shortened trading week. The currency is falling against its rivals on Monday after the White House threatened to slap sanctions on China over the government’s proposed implementation of national security laws on Hong Kong that reportedly threaten its autonomy.

AUD/USD Slipped Under the 0.6600 Mark

AUD/USD Slipped Under the 0.6600 Mark

Mon, 25 May 2020 5:59

The Australian dollar versus the US dollar currency pair seems to have failed to profit from the fact the price went above the 0.6600 psychological level. Do the bulls still have a chance?

Commodity Blog

Commodities Technical Analysis, May 25th — May 29th

Sun, 24 May 2020 10:05

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 May 24th,...

Gold Rises on US-China Tensions, Posts Weekly Loss

Fri, 22 May 2020 18:49

Gold futures are rising to finish the trading week, but they are still poised for a weekly loss. The yellow...

Bitcoin Dips Below $9,000 and Drags Market Down with It

Fri, 22 May 2020 10:43

Bitcoin prices dropped below $9,000 yesterday, having hit $10,000 resistance earlier in the week. The world's largest cryptocurrency has rebounded and is now trading...

Forex Video Zone

Daily Market News — May 25th 2020

Mon, 25 May 2020 16:29

The risk appetite looks firm. But the forex market is seeing little volatility due to the holidays in the US and UK. The EUR/USD pair looks bearish, but the support at the 1.0887 level is in danger of breaking down. The resistance levels are 1.0921, 1.0971, and 1.1056. The support levels are 1.0887, 1.0838, and 1.0710. The USDJPY pair is trading in a bullish channel, but there exists strong resistance at 108.04....

What Is the Best Session to Trade?

Sun, 24 May 2020 17:31

What is the best time during the day? Is European session better to trade? So, you need to think about volatility and liquidity. During the Asian trading session, the liquidity is less compared to the European session. For example, look at the AUD/USD pair. There is an announcement from China about import ban on some Australian products. This caused a sell off in the AUD/USD pair. However, this does not have a significant...

How to Combine Technical & Fundamental Analysis?

Sun, 24 May 2020 17:31

In order to be successful in forex trading, you need to be able to combine both fundamental and technical analysis. The fundamental analysis gives you a wider perspective of the market and helps you to focus in the long-term. It gives you an idea of whether the currency has an outlook to appreciate in value over the long-term. You should be focusing on the macroeconomic data or the economic release for that particular currency. For example,...

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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.