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Jivika from India writes about AAFX Trading:
I like to work with this broker; the trading is going smoothly; the deals are executed without any problems. However, I find the trading conditions are quite beneficial, the spreads are less than other brokers, whose conditions I evaluate from time ...
Kostis Mitaras from Greece, Athens writes about AAFX Trading:
I started trading with aafx trading because this broker has many assets. I consider forex more like an investment, I like long-term trading, to plan a few years in advance what’s going to happen with my money and investments. It is very comfortable t...
Dizon from Manila writes about HotForex:
The broker is already well know and has been around for almost 10 years, but the positive thing is they continue to up their game and bring more for the traders and that's the way it should be. Various tools for different type of traders, from calcul...
Jeremey Hamember from Sweden writes about Land-FX:
Appreciate land-fx staying true to core fx offering, no bs and unnecessary gimmicks - just naked spreads and straightforward on-boarding & trading environment.

Forex Blog

Weekly Forex Technical Analysis (Aug 19 — Aug 23, 2019)

Sat, 17 Aug 2019 9:49

EUR/USD

Floor pivot points

3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
1.0863	1.0964	1.1027	1.1129	1.1191	1.1293	1.1355

Woodie's pivot points

2nd Sup	1st Sup	Pivot	1st Res	2nd Res
1.0955	1.1007	1.1119	1.1171

...

EUR/USD Continues to Decline German Yields Fall

Fri, 16 Aug 2019 14:38

EUR/USD continued to decline today. German 10-year yield fell to a new low of -0.725% today amid signs that the European Central Bank is planning to ease its monetary policy further. Market analysts speculated that it was the main reason for the euro's weakness. Housing starts were at the seasonally adjusted...

EUR/USD Drops After US Retail Sales Beat Expectations

Thu, 15 Aug 2019 21:35

EUR/USD fell on Thursday, declining for the third day in a row. The reason for today's decline were US retail sales that beat expectations. Philadelphia Fed manufacturing index fell from 21.8 in July to 16.8 in June. Still, it was above the consensus forecast of 10.1. (Event A on the chart.) Retail sales...

Forex News

US Dollar Mixed on Data, Lingering Trade Conflict

Fri, 16 Aug 2019 18:30

The US dollar is mixed against a myriad of currencies to finish the trading week. The greenback is contending with various economic numbers, geopolitical developments, and market events to carve out a concrete direction, which might be the case for the next several trading sessions.

Malaysian Ringgit Gains After Positive Surprise from Economic Growth

Fri, 16 Aug 2019 12:20

The Malaysian ringgit gained today after Malaysia's economy surprised experts, growing more than expected despite negative fundamentals. Economists remained largely pessimistic, though, arguing that the economy will likely not be able to maintain the impressive performance.

NZ Dollar Soft as Manufacturing PMI Drops

Fri, 16 Aug 2019 11:52

The New Zealand dollar was somewhat soft today after the nation's manufacturing sector demonstrated contraction last month. The currency has trimmed losses against some of its rivals, though, and stood its ground versus safer currencies as the risk sentiment stabilized.

Commodity Blog

Gold Pulls Back From Six-Year High, Still Poised to Book a Weekly Gain

Fri, 16 Aug 2019 14:12

Gold futures are pulling back from their best levels in six years, though they are still on track to record a weekly gain. Traders...

Natural Gas Surges 4% on Smaller-Than-Expected Supply Jump

Thu, 15 Aug 2019 17:56

Natural gas futures had one of their best trading sessions in recent months after the US government reported a smaller-than-expected build in domestic inventories....

Wheat Edges Up on Flurry of Industry Activity

Wed, 14 Aug 2019 20:03

Wheat futures finished the Wednesday trading session in positive territory, somewhat rebounding from the downward trend that has plagued the agricultural commodity for much of the year....

Forex Video Zone

Support and Resistance Using Bollinger Bands

Sat, 17 Aug 2019 9:14

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The Federal Reserve's Discount Rate Explained in One Minute: From Definition to Implications

Sat, 17 Aug 2019 8:58

When banks need additional money, they borrow from other banks at the rate set by the Federal Reserve. It stays close to the fed funds rate. However, when it is not possible to do so, banks can directly borrow from the Federal Reserve using the discount rate. With the fed funds rate, there is a possibility for bank to bank negotiation leading to flexibility. But with the discount...

This Is How Market Makers Manipulate Forex

Fri, 16 Aug 2019 15:43

In this video, you will learn about the market manipulation using the GBP/AUD chart as an example. You will see how the retail traders are trapped by the market makers. For example, look at this chart. The zig zag line represents a higher high, which is followed by a lower low. Initially, the buyers were in control, as it is evident from this uptrend. At some point, they lose control, and the control...