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

  • Kauto Mattila from Finland writes about Fondex:

    Just started trading with a broker. Everything looks fine so far - there are many awards, good spreads and about 1000 assets. The good feature is that they have free trading signals that you can either follow or at least have a look at before making ...

  • Kech from Singapore writes about Fort Financial Services:

    I have been trading with this company since March 2019. Already six times made small withdrawals. I like the terms of trade. Several times I contacted technical support for advice. The guys quickly told everything and answered questions. I like that ...

  • Zafar Usmanov from USA writes about EagleFX:

    I don’t recommend this broker. They charge me swap one night $285.9.. in my account it was $402. For one night swap I lost all my money.

  • Jake from Cebu writes about LMFX:

    based on a 1 year and 3 months trading, I was able to gradually build the account to where it is today, over all the broker does offer decent service with stable fast platform, and good execution time. the spreads are really good makes scalping easy ...

Forex Blog

Forecasting the Next Nonfarm Payrolls & Unemployment — Poll

Mon, 6 Apr 2020 15:10

The latest report on US employment (Friday nonfarm payrolls) has turned out to be significantly worse than consensus forecasts suggested. However, the released numbers clearly didn't cover the worst of the employment crisis, which is currently ravaging the United States. There were two reasons for that. First, the reference...

Forex Brokers Update — April 5th, 2020

Sun, 5 Apr 2020 8:40

No new companies have been added to our list of brokers this week, but we had the following changes to the existing listings: RoboForex raised the maximum leverage for ECN-PRO NDD accounts from 1:300 to 1:500. PFD — corrected commission size in PFDProPlus (MT4) accounts. Pepperstone removed Polish,...

Weekly Forex Technical Analysis (Apr 6 — Apr 10, 2020)

Sat, 4 Apr 2020 9:50


Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.0304 1.0539 1.0676 1.0910 1.1047 1.1281 1.1418

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.0514 1.0627 1.0886 1.0998

Forex News

Japanese Yen Weakens As Abe Unveils $1 Trillion Stimulus Package

Japanese Yen Weakens As Abe Unveils $1 Trillion Stimulus Package

Mon, 6 Apr 2020 14:38

The Japanese yen is losing against multiple currency pairs to start the trading week, prompted by Tokyo unveiling a massive $1 trillion stimulus package to curb the economic fallout from COVID-19. While Japan has refused to institute a nationwide lockdown, Prime Minister Shinzo Abe declared a state of emergency to prevent coronavirus infections – domestic cases have topped 4,000.

Chinese Yuan Flat As PBoC Pumps $56 Billion Liquidity for SMEs

Chinese Yuan Flat As PBoC Pumps $56 Billion Liquidity for SMEs

Mon, 6 Apr 2020 13:55

The Chinese yuan is trading relatively flat to kick off the holiday-shortened trading week. China continued to employ monetary policy measures to resuscitate the world’s second-largest economy in the coronavirus fallout.

Wedge Chart Pattern on AUD/USD Played Out?

Wedge Chart Pattern on AUD/USD Played Out?

Mon, 6 Apr 2020 4:18

The Australian dollar versus the United States dollar currency pair seems to have failed in any further appreciation attempts. Is this the entire story?

Commodity Blog

Gold Poised for Seven-Year High as Metal Eyes $2,000

Mon, 6 Apr 2020 16:08

Gold futures are on track to settle at their best levels in seven years, driven by ballooning demand for the yellow metal. The US dollar is rising...

Bitcoin Up 5% to $7,000 but Ethereum Leads the Cryptocurrency Charge

Mon, 6 Apr 2020 14:19

Bitcoin price is back above $7,000, currently trading at $7,150, having posted a 5% gain over the past 24 hours. The movement means that...

Video: Natural Gas Price Analysis April 2020 - In Search of a Bottom

Mon, 6 Apr 2020 9:05

In the present video, David Jones from talks about natural gas in April 2020. He starts by discussing the reasons behind the huge slump to the 25-year...

Forex Video Zone

USD/JPY and AUD/USD Forecast — April 6th 2020

Mon, 6 Apr 2020 17:51

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the April 6th session. USD/JPY — The US dollar initially tried to rally, but it needs to break above the top of this little range. A break above the top of the range, then the 111.00 level is the target. To the downside, the 105.00 level is the target. You can trade the breakout. But in the meantime, you can expect the market to chop around in this...

EUR/USD and GBP/USD Forecast — April 6th 2020

Mon, 6 Apr 2020 17:37

In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the April 6h session. EUR/USD — The trading session was bearish on Friday session. You can expect the market to go down towards the 1.0850 level. You can view the 1.10 level as the beginning of the supply zone. The macroeconomic figures released from the EU did not help the euro much. Hence, fade rallies towards this level, and sell them...

Gold Forecast — April 6th 2020

Mon, 6 Apr 2020 16:15

In this video, the Trader Guy looks at the commodity, gold for the April 6th session. Gold/USD — Gold could remain in consolidation in this general vicinity below the $1,700 level, which is psychologically significant, and will offer strong resistance. Eventually, you can hope gold to break above this level. Then, $1,800 level, and the $2,000 level are the next targets. The 50-day EMA below will offer support....

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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.